.95 per mile? What am I missing?

Discussion in 'Ask An Owner Operator' started by Handtruck, Apr 15, 2014.

  1. BigBadBill

    BigBadBill Bullishly Optimistic

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    Chattanooga, TN
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    A little time off?!? Who are you kidding. You take months at a time and sitting at your computer watching loads doesn't count. ;)
     
    NoCoCraig and rollin coal Thank this.
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  3. hawkjr

    hawkjr Road Train Member

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    Feb 28, 2010
    Virginia
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    Most of the time been in the right place right time but also being keeping my load alerts up to date. Also not hauling anything for under 2.50 before the companies cut
     
    Handtruck Thanks this.
  4. Richter

    Richter Road Train Member

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    Feb 13, 2012
    Philadelphia Pa
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    probably Plus FSC. that may bring it to 1.30 ish. It s asucky rate, but if you keep you expences down you can swing it.
     
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  5. spyder7723

    spyder7723 Road Train Member

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    sarasota, fl
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    Not directed at me, but my numbers are very close to his. My low ball goal every week I had out is to bring home 1800 after immediate expenses(fuel and settlement deductions for ins, plates, trl payment, everything but maintenance and taxes) and do it on around 2k miles. that's my absolute minimum and anything less means I should have stayed home. I've only missed that number once in over a year, and am usually several hundred above it. Again, that's my absolute minimum number or I consider the week a complete disaster.

    I do this by being leased to a good carrier with plenty of good money freight paying percentage. I believe this is the most important thing. And then I stay in the good freight lanes till it's time to come home. I don't go off those lanes inked the load has enough money on it that I can turn it into a good round trip. This is not as difficult as most say it is, it just takes a couple days researching. I stuck my nose in our load board til I got a good feel for how much freight, and what it paid, was available in different parts of the country. I've also learned to be versatile, do what the other guy won't. you can't limit yourself by having s big list of what you won't do, and where you won't go. for instance, nobody likes hauling heavy, or tarping, and nyc? That place just sucks. But when that load popped up out of Cincinnati heading to Brooklyn and paid 2400, the very next morning i was rolling my tarps back up in Brooklyn with more than 1500 in my pocket. not to many people in this world can make that in a week, let alone a single day, so when opportunity knocks you answer. If you decide to buy a truck, don't be one of these guys that lets the money go on pass them.
     
  6. spyder7723

    spyder7723 Road Train Member

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    sarasota, fl
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    Ha!
    Bill, I'm pretty sure rollin is competing with me to see who can sit on their butt the longest. I really am gonna try to work more than six months this year. So far it isn't looking good tho.
     
    BigBadBill Thanks this.
  7. Steeleandsonfarms

    Steeleandsonfarms Light Load Member

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    Sep 16, 2012
    Edgerton, OH
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    On what you are saying, I could run on that and make about $ .80 per mile with fsc. 2000 truck with a 10 speed. Not sure what all the fuss is about. That said I work percentage and clear over $1 on the odometer. I could make that work if necessary.
     
    BigBadBill Thanks this.
  8. wore out

    wore out Numbered Classic

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    CHASIN THE DEVIL'S HERD
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    I'm just an ol hillbilly with a wore out Pete that don't know if he is backing up or pulling up just glad to be trucking. Things turned around for me when I decided less miles for more money had a better bottom line than a lot of miles for a little money. Whether it's brand new or antique the wear and tear plus replacement cost eats up the little money on a bunch of miles. I just about don't take a load out unless I have something in the bag to bring back, or enough in it to deadhead back and not waste time or risk injury to my equip for cents
     
    SL3406, BigBadBill, barnmonkey and 2 others Thank this.
  9. spyder7723

    spyder7723 Road Train Member

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    Mar 31, 2013
    sarasota, fl
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    There is no way you got your costs down to 55 cpm. Your fuel maybe, if you attack mpg with a vengeance, but not all costs. The type of contract the op is referring to is going to be paying after fsc in the ballpark of 1.33.
     
  10. Steeleandsonfarms

    Steeleandsonfarms Light Load Member

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    Sep 16, 2012
    Edgerton, OH
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    My bad. Tired math. 53 CPM fuel, 3.7 CPM insurance. If you want to add in my repair budget, add 13cpm but I have extra in the account already and the amount doesn't get put in unless the $$$ drops below a certain thresholds. So ATM, my cost is 56.7 cpm. Last week was 45 CPM fuel so that is $1.40 so I pocket 83.3 CPM before taxes.
     
    BigBadBill Thanks this.
  11. spyder7723

    spyder7723 Road Train Member

    15,471
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    Mar 31, 2013
    sarasota, fl
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    Those are some extremely low operating costs there. Plus a high fsc compared to the majority of these mega carrier cpm packages. I'd bet les than one percent of truck operators can achieve those numbers.
     
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