Operating Costs
Discussion in 'Ask An Owner Operator' started by TTNJ, Dec 8, 2019.
Page 2 of 13
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Fsc typically covers 100% of our fuel cost. Lifetime truck average is currently at 7.8 mpg.
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SL3406 and Midwest Trucker Thank this.
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Well, there's our revenue $ minus expenses including maintenance account. Then after all that there is our net $. A certain % towards taxes. What else do you want?
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Carry onSL3406, TallJoe and Midwest Trucker Thank this. -
We are a C Corp and do pay ourselves a decent salary 52 weeks per year.
All profits after that goes into our personal savings account. All legit with Uncle Sam. That along with a lot of push ups is exactly how I run our business. -
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42 cpm? Oh, heck, no. That's not even variable costs. Depreciation is 24 cpm, (with trailer) maintenance and tires 20 cpm, fuel $.42. Tolls, pre-pass, driver wages.-- another 60cpm.
On the fixed side, Insurance, registration, office, phone, ELD, accounting / taxes, memberships, yada yada yada, yada, dispatcher, christmas boneus, health insurance, disability insurance, work comp,
Variable costs are every bit of $1.30. Add fixed costs as determined by your annual mileage..... -
We run a very tight ship while running. We have a very solid truck that so far has not given us troubles.
We know that luck will not last as far as truck is concerned, which is why we have $ set aside for inframe or other major repair or even truck replacement.
Don't forget, we are leased on and don't have our own authority. If I posted our settlements, well I don't know what your head would do.
I don't say that to sound pompous, just to say it's quite easy to make a lot of money out here.
We are actually looking at getting our own #'s and running as a carrier. Haven't decided yet but it looks like we could do even better running that way with same outfit.
If I actually posted my settlements,
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