Average revenue needed to survive.
Discussion in 'Ask An Owner Operator' started by bomoto, Jan 17, 2016.
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Buy an older truckGrijon and blairandgretchen Thank this.
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@Bakerman is not being a smarty pants here either - the insurance cost is going to depend heavily on the value of the truck and trailer, my junk valued at $15k, with my driving record costs me $1500/year plus $300 for an 'enhancement package' (which is good ((for me)) because my duct-taped junk is likely to need a tow more often than your 2017 truck).
Now - this is leased on to a carrier - right - 'cos you said you were looking at leasing on to a carrier, not running your own numbers.
So - best bet is to contact the carrier you've decided on, contact their insurance agent (if they have one they recommend), and get them to quote you on YOUR equipment in YOUR situation (zip code) with YOUR driving record.
Now - fuel rebates. It seems you're pretty confident you're getting some top notch fuel rebates. Where I am, if you pay attention daily, it's pretty good. I've seen over 50c/gallon off at times this year. For one month that I could be bothered calculating it, the discount was 15% off posted retail. May have been November. So - ballpark on that, $5k savings for the year. It wasn't a deal breaker for me, I just crunched all my numbers on current retail plus 10%, at 6 mpg, knowing that was worst case scenario. -
Now I just bought a new truck and considering getting my own authority and taking my truck from prime to maybe landstar or panther to learn load boards.
Sorry - just re-read your question and you'll have to clarify this statement for me. -
You Leasers....are just a bunch of hard-running, non-stop working, high-dreaming, high-paying, low-NETting, high blood pressure'ing, cant-take-a-day-off, couple of trucker slaves.
Nobody ever listens.Jilani, Brettj3876, brodgers and 5 others Thank this. -
Your insurance seems on par with the corporate rate I'm getting now. I'm working on quotes soon for my solo rate. That is what I'm concerned about. Don't take offence to the duct tape comment. Some older trucks are well maintainedBig_D409 and blairandgretchen Thank this.
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I leased my first year and just ordered a new one that will be a purchase. So I'm free to take it anywhereblairandgretchen Thanks this.
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Ok, so you did a straight lease in the first year, and now this one will be a lease-purchase. You also said "considering getting my own authority and taking my truck to . . . " - or did you mean to say "Take my truck to . . . . . and then consider my own authority"wore out Thanks this.
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A serious question to op. With your attitude and opinion of this board why did you even come on here? Some of the numbers you give are deceptive. An example is $500 a week for insurance. Then you say that number includes other items. 100,000 miles per year x $1..35 per mile = $135,000 - $11,616 truck payment - $26,000 Insurance (or insurance plus other costs as you put it) = $62,384. Now deduct maintenance, fuel, the $80,000 you say you netted. What is left? A negative zero. I'll say no more. You said it all in your first post.
57104 - Ya Heard! Thanks this. -
Your comments are useless and not helpfull. Anytime you want to compare numbers I'm game. I don't care if some dumb ### can't run a business or leased under rate per mile and not revenue. I know I make more than half owner ops. My inquiry is mostly to Guage the cost difference in insurance and fuel. I know my revenue will rise from 72 percent to as high as 90 with trailer cost being the main difference in my percentage of revenue.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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