Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Simple net percentage for O/O.

Discussion in 'Ask An Owner Operator' started by cynicalsailor, Jul 1, 2009.

Page 1 of 3
  1. Jul 1, 2009 #1
    cynicalsailor

    cynicalsailor Bobtail Member

    47
    32
    Jul 1, 2009
    Cenral Coast, CA
    0
    I have been an otr driver on and off for over twenty years with about 10 years cumulative experience. I even went O/O (leased-on) for a few but did poorly due to a non-conducive home situation. I'm now living a different life with a different wife who loves the road and has a great business mind. We're considering giving it another go.
    My question is this; If I own my truck and flatbed trailer out-right, have my own authority, based on a solid 10,000 mi a month scenario, What PERCENTAGE of gross, after fuel, taxes, insurance, tires, repairs,.. EVERYTHING truck related,.. can I expect to net in the current game?

    Please note that I would have NO Truck or Trailer payments, NO hired drivers and NO home expenses. I've seen the 1/3-1/3-1/3 theory but it always seems to include heavy financing, or omit taxes or some other expense.

    I know there are a few of you out there in this situation, or that can give me a well educated estimate. I appreciate your input,.. Thanks.
     
    Last edited: Jul 1, 2009
    cynicalsailor, Jul 1, 2009
    cynicalsailor, Jul 1, 2009
    #1
    truckinwva Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jul 1, 2009 #2
    Winchester Magnum

    Winchester Magnum Road Train Member

    1,492
    1,647
    Jan 4, 2009
    Alaska highway
    0
    ? Depends on who you get your loads from. If you have own authority and get your loads from another carrier, they'll probably take 8% and you'd get 92%

    Same with brokers, they keep a minimum of 8-10% THAT YOU KNOW ABOUT, or that they'll admit. Other times a broker will just offer a rate to you, never mentioning their keep.

    TTT (To the truck) rate should be your concern tho.
     
    Winchester Magnum, Jul 1, 2009
    Winchester Magnum, Jul 1, 2009
    #2
    truckinwva Thanks this.
  4. Jul 1, 2009 #3
    Winchester Magnum

    Winchester Magnum Road Train Member

    1,492
    1,647
    Jan 4, 2009
    Alaska highway
    0
    On second thought, perhaps you meant net?
     
    Winchester Magnum, Jul 1, 2009
    Winchester Magnum, Jul 1, 2009
    #3
    truckinwva Thanks this.
  5. Jul 1, 2009 #4
    Old Man

    Old Man Road Train Member

    4,597
    13,471
    Apr 3, 2009
    Oklahoma City, OK
    0
    Net from 0% to ***. all depends on what you haul for, $1 a mile, $2 a mile, you need to know the gross income.

    Let me guess, no home expenses and a paid for truck and trailer, don't tell me you are selling out to go trucking.
     
    Old Man, Jul 1, 2009
    Old Man, Jul 1, 2009
    #4
    truckinwva Thanks this.
  7. Jul 1, 2009 #5
    stepnfetchit

    stepnfetchit Medium Load Member

    336
    435
    Jun 23, 2009
    Monett MO
    0
    That's kind of a tough question in the present economic situation. I was an O/O for about 22 years. I can't say I did it every year but the net % after everything was paid and I mean EVERYTHING averaged between 35 and 37 %. I made a darn good living owning and operating my own truck. I always saved a certain amount from my settlement checks, usually 10% and made do. It's not about how much you make every week it's about how much you save and how you manage. I knew o/o that made $100K+ and could not afford to buy a tire if it blew and I knew o/o that made that much and paid cash for everything they bought. Just my 2 cents.
     
    stepnfetchit, Jul 1, 2009
    stepnfetchit, Jul 1, 2009
    #5
    truckinwva Thanks this.
  8. Jul 1, 2009 #6
    cynicalsailor

    cynicalsailor Bobtail Member

    47
    32
    Jul 1, 2009
    Cenral Coast, CA
    0
    Stepnfetchit,.. That's the information I was was looking for, Thank you. And you 'd paid off your ride?

    Old Man,.. I sold out a long time ago and have been living on my sailboat in the Caribbean for several years. Just miss the road, and I can't swing a permanent retirement just yet.
     
    Last edited: Jul 2, 2009
    cynicalsailor, Jul 1, 2009
    cynicalsailor, Jul 1, 2009
    #6
  9. Jul 1, 2009 #7
    Tankergirl80

    Tankergirl80 GangstaGirl

    808
    965
    Jan 7, 2009
    West Texas
    0
    :biggrin_2554:
    I'm BEYOND jealous...
    I can no longer read this thread.    :biggrin_25512:
     
    Tankergirl80, Jul 1, 2009
    Tankergirl80, Jul 1, 2009
    #7
  10. Jul 2, 2009 #8
    Les2

    Les2 Road Train Member

    5,150
    2,288
    Jul 25, 2008
    kicked back in my lazyboy...
    0
    Can I hold the boat down for you while your out trucking???
     
    Les2, Jul 2, 2009
    Les2, Jul 2, 2009
    #8
  11. Jul 2, 2009 #9
    cynicalsailor

    cynicalsailor Bobtail Member

    47
    32
    Jul 1, 2009
    Cenral Coast, CA
    0
    Les2,.. I'll keep you in mind. That covered wagon's just what I'd be lookin' for. Whatcha pullin' it with? Maybe we'll work a deal.
     
    cynicalsailor, Jul 2, 2009
    cynicalsailor, Jul 2, 2009
    #9
  12. Jul 10, 2009 #10
    truckinwva

    truckinwva Light Load Member

    63
    10
    Jun 25, 2009
    strasburg, va.
    0
    15-20 % NET, MAYBE.

    TRUCKINWVA

    IF YOU STARTED YOUR OWN COMPANY, HMM................, PROBABLY MORE.:biggrin_255::biggrin_255:
     
    truckinwva, Jul 10, 2009
    truckinwva, Jul 10, 2009
    #10
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 3