Your average weekly revenue?

Sir, like everyone else said, you're getting hosed really, really bad.
One of the first things that caught my eye was your fuel expense. Now either that truck is a complete POS that gets 4 miles to the gallon, or your driver is selling fuel.
Second, your fees are off the chain. Whoever you're leased to is ripping you off.

Honestly, you need to unload that truck.
Here's another way of looking at it......are you really going to take the chance that your driver doesn't wreck the truck or whatever for $15,000 a year? I can tell you from personal experience, you'll burn nearly that much in repairs (if not more), in a year on a truck that old.

Dump the truck. Study here for a year. Ask questions and next year try again.

Good luck

 

Andrusha, sell the truck before it breaks down on the road and requires $5-10k in repairs. You have zero chance to make money with this set up

 

Driver must be an illegal alien. Prove me wrong and I’ll send you a full weeks profit. LOL

 

Your revenue is too low. You wouldn’t be making enough even if you drove the truck yourself and worked for free. You must generate a minimum of $4500 per week or your just pissing in the wind. Really you need $5000+

Your poor driver is going to quit if he has any experience or options at all. Then you’ll be double screwed.

As others have said you gotta increase your miles ran and decrease your dead head unpaid miles.

Did the company supply the driver or did you find him/her? My guess is they supplied. Your going to have to find a new home with a company that knows how to run trucks profitably. I agree that it’s smart to sell and cut your losses, however if your hell bent on this then make changes immediately. Disaster is literally right around the corner.

Where do you live and what is your background in? What do you “do”?

 

It does not matter what the driver is or why he is working for hat amount of money.
A one truck operation with a hired driver is pretty much doomed, unless it is hauling the owners product
I used to haul our own product, and would have never owned or driven a truck just to get the product delivered at the rates we had most of it delivered. I only trucked because I had to physically go to he customers myself, so might as well take a load while i was at it.

 

1 truck operation with a hired driver and leased on vs your own authority then I’d agree it’s tough. But, it’s definitely possible. Everybody has to start somewhere and not everyone wants to drive a truck their whole life. Some people want to own them. Gotta start with one truck unless your rich to begin with, then why do it at all?

And yes, actually it does matter about the driver because of the driver quits, he sure as hell isnt going to find someone else to work for that, unless it’s another illegal. His driver pay should be double which means he would be several hundred in the red on his statement.

Edit: FYI people I’m just putting two and two together. Driver is paid half wage, and this is all happening in Texas. I doubt this all just started so it tells me the driver is stuck in the job. Also makes me think the company supplied the driver. Company is trapping the owner into staying there essentially as he goes broke and they make money. So, don’t anybody get their britches in a bind.

 

The reason it doesn't matter what his driver is doing now, is he can't afford to pay more, with his operation.
One of the reasons you rarely see any one truck, hired driver operations hauling general freight is they can not afford to even compete with mega, when you add in benefits. I have watched them try all my life and there is very few success stories to be heard.
Many guys that have money do start with a fleet of trucks, and by fleet I am saying 10 or more.

 

There are tons of people in tennessee, born and raised, white as a toilet seat, driving for that pay on a 1099. They just dont go on the internet to get flamed over it. For every good w2 carrier based here there are 5 rotten 1099s.

 

Jesus, that’s a real bummer to hear. People in my state feel cheated to be guaranteed only $1300 a week w2. :facepalm:

Thanks for the insight. Maybe I need to review my recruiting efforts and target TN!

 

I hear you for sure. I’m up to 10 trucks now but I still don’t provide or offer health insurance. Not sure I ever will unless forced too by the government. I do have generous pay and vacation packages though. I tell people I’ll put the money in your pocket, and you decide what you want to do with it. If that’s buy insurance then by all means go ahead.

I’ve grown from 1 then 2 trucks, then 3 up to 10 and an owner op. Have my own authority though so not giving my money to others. There is ALOT to learn along the way so anyone that starts with 10 trucks is absolutely sure to fail IMO. If you can’t make money with 1 truck, or two or 3 trucks, you definitely ain’t making money with 10.