Your average weekly revenue?

It looks like $300 wk income now but next week could bring a $900 tow and $4000 repair. If you dont have the money saved up then you must borrow on credit and repay with interest to get the truck running, so now its a losing business that cant sustain itself as the credit expenses rise. Or it drains your other income sources to keep the truck afloat.

You cant really look at it week to week. Its a quarterly to annual lookback and the truck must earn surplus money now while its operable to cover its future expenses when it isnt.

So was it parked 3 days per week? Can you and the driver split your time and run it 6 or 7 days?

 

1600 miles... In 4 days!!! And nearly half of those miles youre not getting paid for!!!! What about the other 3 days of the week????

I just ran 1758 miles in 2.5 days.... You need to get that truck rolling loaded more and ALOT less deadhead miles... It looks like you are gettimg good rates, $3100 for 904 paid miles is roughly $3.43/mile. But you really need to cut down the deadhead miles... It seems to me thats whats killing you, and keep that truck moving!

 

It has been said for years, a guy could make pretty fair money with a truck A truck is the key word here and that is with you driving it. Another thing that has been said for years that if you want more trucks, it takes 10 trucks to clear the same revenue that a driver can with one truck, driving his own. I suspect that figure is not far off.
In fact I suspect that if a guy has to scrounge through todays driver pool, he just may never get there with 10 trucks,, may be lucky to break even. lol
I had a friend that ask me about , if I thought a particular truck was worth it or not, several years ago. I knew the owner and cautioned against it, but then found out he wasn't even planning on driving it, but hiring a driver to put in it. I Then ask if he had a friend he was just trying to help out by buying him a job or what would he want to do that for.. It turned out the guy he was going to buy the truck from knew a driver he could hire, hmmm. My next question, was if this deal was this good of a deal, why don't he hire the driver and keep the truck.
Against mine and another old hands advice, he bought that truck and hired a driver, then shortly went partners with a new oo and bought 3 more, hen as they broke bought a couple more,. He had a good job, was a good guy, very responsible, and wound up having to leave his job and run a truck and TRY to keep this thing from going under, he was a hard worker and stayed with it for a couple of years, then pulled the plug. Several years later now, he and he alone is again got a very good day job and still paying off the debts from his venture. A year in to that venture I ran into him at a shop he was having a new rearend installed at, and he told me then, he sure wished he had listened to me.
All that said, why would a guy want to buy one truck, unless he had some very special high paying niche or his own product or something and assume all the risks of running a truck, if he isn't going to be the one driving it?

 

Low miles and low revenue is fine, but only if it delivers $2000 or more of your own cargo into a distribution chain every trip.

The rest of us need to be above 2000miles per week or into very profitable specialty work if hauling is the only source of revenue.

 

with the repairs you had to make, you are running in the red.....literally.

your fee's are killing you. your fuel is killing you, is your driver "shopping around" for cheaper fuel.>?? if not then you need some sort of app (ask the others here) on how to get that fuel pricing app, and MAKE your driver fuel up at the stations YOU TELL HIM to, based on the LOWER current daily fuel prices.

if your driver refuses to follow YOUR directions for fueling, can his butt....

fuel is the #1 cost you need to monitor.

also, is your truck governed at say 65-68 mph's..??

if not, then your driver is speeding and burning up fuel. (any shop can cut back the governor.)

idling is ok...ONLY FOR the a/c when he is sleeping, otherwise SHUT OFF that engine as much as possible..>!!!!!!

many more tips/advice to follow from me or the others.

 

And to be honest, the driver needs a good flogging too. Willing to work for .42 / mile. Even mega's pay better than that.
And the .42 / mile is everything. Taxes, benefits. unemployment, etc. Of course it's just as likely an illegal 1099 operation. Which again, all the .42 / mile does is drive down rates for all other drivers looking for a job.

 

The driver has already made his contribution to this mess. He shows up for crap pay. Squeeze him tighter and youll need a driver.

Its not the drivers fault that he works for an operation that doesnt know what its doing.

Flog a man for his willingness to work? That is the most shameful, pitiful thing i have ever heard.

 

It is possible that that driver is like many on here that supposedly can not get a job for a variety of reasons that folks tell them
Maybe he is a felon, only three companies worlwide he can work for if a guy pays attention to some on here.
maybe he only has 6 monhs experience, he is doomed to only work for a mega, for the next 42 years to get his dues in.
he has a rollover, shouldn't ever be able to get another driving job, luckily he found this one, no matter how short lived it is. lol

 

Anything is possible and its probably none of our business if the OP isnt including it. I hope they can all succeed and feed their children so other citizens dont have to.

 

This industry isn't profitable enough to have all these fees. The management and factor fee shouldn't exist and the dispatch fee should be cut in half.

Also, you need to get mileage up to at least 2500 a week if your gonna be at 1.92 all miles so you can amortize your fixed costs over more miles.

You would have cleared about 1160 for the week with these changes.

The battery replacement was a bit steep unless it was done roadside. 4 batteries are 300-400 dollars and changing them shouldn't be more than one hours labor.