Simple net percentage for O/O.

About 25-30 % Did you start your own business; I mean for the liability end of it(LLC). Lots of tax breaks and "EXPENSES", if you know what I mean.

I have an Accounting degree, and .......................
You get the idea, I'm sure.
Everthing that's not income, is some kind of legal expense.
Even loaning your business money from yourself (see accountant).

TRUCKINWVA

 

What really matter is how much you net. 30% of $4/mile is better than 90% of $1.15/mile.

Getting hung up on percentages and trying to account for who makes what just makes people feel like they are getting ripped off, because everyone is getting paid the lowest amount possible.

 

Where in the heck do you get $4.00 a mile?

TRUCKER

 

Just getting started as o/o. Want to make at least $2.50 per mile or better. Can anyone out help me? Ideas?

Truckinwva

 

you have sign up for a government program. they look at your race, height, cultural qualities and overall attitude. They have some other things they use to measure you up, but I'm not really sure what the criteria is. I knew a guy that got on the program. We could call up the same broker, he uses his MC# and I use mine. He would get $4 a mile and I would get $1.25

I don't think it is a fair system, but it is what it is.


Or you develop contacts for heavy hauls and extra wide loads or other loads that no one wants to take for one reason or another.







If you think I was serious up top, I would suggest taking some extra time to research the industry before buying a truck and all that.

 

Yes you can get them. No I don't know where but when they do occur, it is usually in a deadzone that requires hundreds of miles of deadhead.

 

We had a company that paid us over $6.00 a mile. We went from the east coast to the west coast.. that paid us , over $ 30,000 for one trip. We used 2 flatbeds and 1 drop deck.
And they paid for any permits if needed. On That trip we had one truck that was overwide.
We were able to run back empty after dropping their equipment out there.
No time wasted, to get back with our other customers.

Believe me, there are loads out there.

But not through some freak'n rip off Trucking company or broker.
You got to know how to wheel and deal and talk. Never accept their first offer in hauling a load for someone.
That's like someone wanting to buy your car and will offer you the lowest price for it.

 

what GOVERNMENT program uses these criteria?

 

You cant figure on not having a driver to pay cause are you not paying yourself?? How are you going to live if you dont pay yourself a wage?

 

You're looking at it backwards. You can't think in terms of percentage profit. that is going to fluctuate. You need to think in terms of expenses vs. gross. Usually the most convenient way is to do that per mile. For me expenses run about 1.20 per mile. That does not include paying myself for driving the truck, booking loads, whatever repairs I do myself, etc... Your expenses may be upward of 1.50 per mile depending how you run or what you do.

So the other part is what you can get a mile to run. That will have a lot to do with whatever contracts and agreements you have and/or what your skill level is with working load boards and dealing with brokers. All I can say is the good paying loads are there, I've been able to get them off of load boards. Some guys can't do it, or can't consistently do it. You have to figure that part out yourself. Or else figure a way to run the cheap loads and squeeze out a profit. One or the other.