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bought a new truck hired someone how do i know if im making enough profit

Discussion in 'Ask An Owner Operator' started by kbrdispatch, Jul 18, 2014.

  1. Jul 18, 2014 #1
    kbrdispatch

    kbrdispatch Bobtail Member

    2
    1
    Jul 18, 2014
    0
    hi everyone been in trucking for 3 years im 22 started dispatching for leased OP but then thought let me try getting my own trucks
    just purchased 2015 freightliner evolution and a 53 stepdeck hired a driver/ now after i subtract driver pay and fuel cost and other expenses, i usually get left with about 1.20-1.80 a mile is that good ?
    this is after all the expenses subtracted (total profit(after expenses) divided by miles)
    what is your profit $ per mile after expenses ?????
    my driver runs 2000-3000 miles a week

    thank you in advance
     
    kbrdispatch, Jul 18, 2014
    kbrdispatch, Jul 18, 2014
    #1
    Simpledriver Thanks this.
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  3. Jul 18, 2014 #2
    Simpledriver

    Simpledriver Light Load Member

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    Nov 9, 2013
    0
    Is he fine with 2000-3000 miles?
     
    Simpledriver, Jul 18, 2014
    Simpledriver, Jul 18, 2014
    #2
  4. Jul 19, 2014 #3
    281ric

    281ric Road Train Member

    1,248
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    Oct 20, 2011
    TX
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    so you dispatched for 3 years , just bought a brand new truck put a driver in it and not sure what youre making?
    something smells fishy.
     
    Last edited: Jul 19, 2014
    281ric, Jul 19, 2014
    281ric, Jul 19, 2014
    #3
    exhausted379 and Bandaid Thank this.
  5. Jul 19, 2014 #4
    Ridgeline

    Ridgeline Road Train Member

    22,389
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    Dec 18, 2011
    Michigan
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    They now giving trucks to anyone?

    It seems that you lack more than just the basic business skills.

    I strongly suggest you get an accountant and have them figure all of that out for you before you get dinged with some serious tax issues.
     
    Ridgeline, Jul 19, 2014
    Ridgeline, Jul 19, 2014
    #4
  7. Jul 19, 2014 #5
    cnsper

    cnsper Road Train Member

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    Feb 28, 2014
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    You are probably forgetting a LOT of expenses. Not actual cash outlay right now but what you have to save for later. You are also probably forgetting your fixed costs such as plates,
     
    cnsper, Jul 19, 2014
    cnsper, Jul 19, 2014
    #5
  8. Jul 19, 2014 #6
    Fire-Man

    Fire-Man Light Load Member

    59
    49
    Jun 8, 2013
    SC
    0
    Need specific information to provide a good reply. Your definition of all costs may not be mine/ours. Lay it out completely if you want a realistic response. Otherwise you are inviting criticism.
     
    Fire-Man, Jul 19, 2014
    Fire-Man, Jul 19, 2014
    #6
  9. Jul 19, 2014 #7
    Western flyer

    Western flyer Road Train Member

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    Mar 13, 2014
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    How did you buy a brand new truck and a 53 ft step deck trailer and hire a driver
    all from being a dispatcher.and you got a 1.20 to a 1.80 mile left over after all expenses
    including paying the driver.
    Somehow you outsmarted the whole industry!
     
    Western flyer, Jul 19, 2014
    Western flyer, Jul 19, 2014
    #7
    Ukumfe, exhausted379, Charli Girl and 2 others Thank this.
  10. Jul 19, 2014 #8
    OW/OP Wolfman

    OW/OP Wolfman Light Load Member

    102
    58
    Feb 1, 2014
    0
    I'm calling ######## on this. Prove it. What's the weekly break down?
     
    OW/OP Wolfman, Jul 19, 2014
    OW/OP Wolfman, Jul 19, 2014
    #8
    Western flyer Thanks this.
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