My numbers as an O/O leased to Crete

I did consider buying a used fleet truck from Crete, but after crunching the numbers I found that it would cost me about $150-$200 a month more to buy a new truck. However, the loan would be two years longer for a new truck. The reason I chose a new truck was that if a person wants to buy a used fleet truck they don't get to choose the truck, and I did not want to get into a smokers truck or get a truck with possible maintainance issues not covered under warranty.

The requirements to qualify for buying a new or used truck remain the same.

 

Yes, you can do that.

At this time, due to slow economy, Crete is not hiring o/os. As of two weeks ago I was told it may not be until the first of next year before they begin hiring o/os.

The information I have given was to let you, and others, know, and understand, that Crete does NOT offer lease purchase, and the requirments to purchase from, or through Crete. When they do hire o/os.

If you start as a company driver, and then express an interest to become an o/o, you would probably be among the first to know when they do start the hiring of o/os. I don't know that to be fact, I'm just sayin'.

Best of luck in what ever avenue you chose to take.

 

As I posted previously Crete is not hiring outside O/Os, so your statement is currently true. But when they begin to hire outside O/Os again an O/O can purchase a truck where ever he/she wants.

 

I think Shaffer pays .02 per mile more. You can look at both web sites to compair. However, as a general rule, the dry side will get more miles per week due to the drop/hooks, and much quicker load/unloads.

 

John, following you will find your June 2009 monthly financial statement.

In looking at the June financials, you are showing a Net Profit of $26,650 for the
year-to-date period. This comes out to $0.414 cents per mile and is based on
64,311 paid miles. You are averaging 10,719 paid miles per month this year
compared with 12,045 monthly miles you averaged last year. You were out on
the road 160 days through the end of June 2009 (88% in service) and averaged
402 miles for each day you were out.

Your maintenance expense for the first six months of 2009 was $4,837 or $0.075
cpm and your tractor supplies expense was $109 or $0.002 cpm. Together your
variable tractor expenses remain right in line with expectations.

Fuel costs averaged $0.315 cpm less fuel surcharge reimbursements of $0.163.
This results in a net fuel cost of $0.152 which continues to be a good net fuel​

cost.

My total revenue per mile for the first six months is $1.145. Total operating costs (variable 0.424, fixed 0.307) is at 0.731 per mile.

Miles since mid April have increased significantly. I pray this trend will continue as I try to make up for lost time that happened at the begining of the year.