3 months into as a leased operator, How am I doing?

I'm currently 3 months into as a leased O/O with a company hauling containers.

Here are my figures from one week in June, I made $2,795.00 with 25% FSC and drove 1,981 miles. So that is $1.41 a mile.

After fuel $939.14, plates $197.83, plate tax $47.79, Insurance $26.79, that brings me $1,583.45 or .79 cents a mile home after expense before income tax and maintenance/repairs. I take off .20 cents for income tax which brings it to .59 cents a mile on that check to use on the truck for maintenance and repairs.

That week wasn't the best on fuel mileage, I got 5.78mpg, I'm currently getting mid 6 to high 6's after figuring out how to drive my truck, but this week I did do 7.1 on the last fill up.

I do most of the work on my truck, once I get my own garage, it will enable me to be able to do more work and able to do major works on the truck.

Is $1.41 considered good for leased on operators? I feel that it is not. I was told it is good as leased on operators pay less on expenses than a independent operator with authority.

I do plan to get my authority just not soon. Maybe later in 2016.

 

After paying everything, you are payed less than a company driver. I would like for someone to show me what truckers with their own authority pay that leased operators do not. All I can think of is the UCR and 2290 fees. You pay your insurance and plates either way you go. I would say you are not in a good situation.

 

After fuel $939.14, plates $197.83, plate tax $47.79, Insurance $26.79, that brings me $1,583.45 or .79 cents a mile home after expense before income tax and maintenance/repairs. I take off .20 cents for income tax which brings it to .59 cents a mile on that check to use on the truck for maintenance and repairs. where is the part about the wage your paying yourself ?

 

You must be doing something right. I don't see how you made it this long.

 

So by my calculations you are netting about .40 a mile. Now that's not bad but not great either. It depends do you get home every night are you having a lot of down time etc.

 

Loaded containers suck a lot of fuel especially the 20 footers you gotta set in the middle.

 

$197 for plates is that a week?

 

That .59 cent a mile figure is actually saved up not just for the truck. I do still have fun, but save most of the money for the truck in case something happens down the road.

I work monday to fridays. Have the weekend off. Downtime, only had one for few hours to get valve cover gasket replaced. That's all for now so far. Hopefully!

I just wante

 

The ATA survey of their members reports that the average cost per mile to own and run a truck is $1.68/mile if you are not averaging that loaded and empty you are loosing money,

 

The ATA is a bunch of paid off idiots. Try again.