12 Week Numbers on New Lease

"my mpg 8s setting at 5 mph"

I think you're telling us that your mpg's are at 5 mpg not 5mph.

Here's the thing national average for diesel last week was $3.24/gal. Now that's average and when these trucks have well over 1000 miles in range its not hard to purchase fuel considerably lower than average. That's also an average without discounts if you work for a carrier that gets discounts on fuel pricing which we do the average will again be considerably lower. For example my average fuel purchase price lately has been around $2.74/gal but again that's with the carriers discount. IDK if your carriers gets discounts on fuel even if they don't you should still be able to purchase fuel around an average of $3.10 without too much effort.

So you're saying your at 5 mpg which would bring me figuring your fuel cost at $0.62/cpm and you've said that your fuel expense was at $0.81 cpm which is contradictory. But your fuel expense was at $3080 for the week you'd need to run 5,000 miles in one week at a $0.62 cpm fuel cost to eat up $3080 in fuel based on those #'s. But it isn't legally possible for a solo to run 5,000 miles a week.

Regardless your fuel expense is very very high for one week of running. Last week I ran 3067 miles and I spent $1,116.99 on fuel so $0.36 cpm you're at $3,080 for a week which you're saying is 3817 miles and would put you at a whopping $0.81 cpm in fuel that's a $0.45 cpm difference it and high maintenance have eatin up your profits and it's something that I don't hear you accounting for while you're telling us we're working too cheap.

$3080 for fuel and $3,650 for repairs is alot for 1 week it's too much. Also I'm not seeing any separation of reefer and tractor fuel expenses on your settlement which is weird because it's mostly typical for the industry. I've also noticed that you cropped the settlement just above where the miles are listed also weird why not crop the image just a tad lower and show the miles ran to generate the revenue. I'm also not seeing any fixed costs come out of that settlement, insurance deadhead or physical damage, CPA fees, occupational accident, nothing. Perhaps your carrier only deducts those items once a month or quarter thus the net on this settlement appears to be higher than others settlements would because those costs aren't taken out on it.

Unless that $3080 is for more than a weeks worth of fuel because this stament you're showing us is for more than a week. Which would mean that the $10,500 gross is for more than 1 week and also that the $2765 net is also for more than one week and thus make the numbers seem not nearly as good. Is it possible that you're not realizing or are maybe just forgetting that more than one week of trips are paid on that settlement. Happens all the time when I finish a long load just at the start of the payroll period and then I'm left with the rest of a full week to run and turn the trips in to be paid that week. Here's an example of what that can do for the weeks check which I'd admit is for more than one week of running.

 

You're assuming that he's not incorporated then basing your prior evaluation of how he's doing and how the rates are here at Prime are based on an assumption. Why would you not want calculate the overall numbers as they would be for an incorporated lease op? Especially since from what I'm hearing if it were you you'd be incorporated and that it isn't hard to incorporate especially for us the CPA's Prime works with will even do it for us for fee.

 

$0.35 cpm for taxes huh.

 

So after you do everything right you expect me to believe a prime l/o is making more than 35cpm.

 

He's showing you settlements at $0.75 cpm net. You're going to explain in some convoluted logic that $0.75 cpm is really $0.35 cpm.

 

I see an incomplete p&l that does not reflect the whole truth.

 

Doesn't it reflect that $0.75 was direct deposited into his bank account?

 

Smh, never mind you don't get it.