My husband is an owner operator. I do the business side of things like taxes and figuring out what is left to the truck each week. I am a little concerned over a couple of things and wanted to reach out for some answers.
First example he is driving from Kissimmee to Nashville TN on Sunday. The miles are 728 approximately he receives 70% of the gross which is $1500 which leaves about $1050 to the truck. I don't know whether this is a lucrative run when he has driven from savannah to Miami for a gross of £1150 to the truck 70% of this amount. He typically hauls drywall and timber occasionally concrete which pays a little more. Any input would be really appreciated
Thanks
Calculating gross to the truck
Discussion in 'Ask An Owner Operator' started by Brit64, Dec 28, 2013.
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I don't really understand the question you're asking. Do you know what it costs to run the truck? That will determine weather his runs are lucrative or not. For example if the run pays $1000 gross, and he is paid 70% that's $700 if it cost you $500 to make the run his runs aren't very lucrative. Knowing the cost to run the truck determines weather the runs are paying well or you're losing you behinds on the matter. Sounds to me like your husband is a flatbedder, seems to me like whoever he's leased to hauls a lot of heavy freight that doesn't pay very well. That's just what I'm gathering based on miles and rates in your example.
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That is $1.44 per mile. That is cheap. That is about $1.00 per mile plus $.44 fuel surcharge.
You will find a lot of freight and people hauling it for that rate. It is still too cheap.
If you have any dead head in the run it makes the rate even worse.
Good luck to you.Cetane+ Thanks this. -
If we can agree that different people figure out different ways to solve the same problem, here is the way I figure my month..... I drive California mostly, running about 2500 miles a week(average about 6.5 mpg). I average about $1600-1700 dollars in fuel a week. Running only 5 days Monday-Friday I gross an average of $4000 a week. If after fuel expenses only, I clear $2,200 I considered it a good week. Now you still have all the other expenses to figure. >>>>>>>>>>>Please spare the negative comments<<<<<<<<< I live comfortably.
RAGIN CAJUN Thanks this. -
The 410 equates to the truck payment and all related insurances
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You need to keep in mind that you're talking about freight going out of Florida, which is really cheap this time of year. When he hauls from Savannah to Miami, the rate is higher because of the poor freight rates once he gets there.
If he wants to make a decent rate, he needs to stay out of Florida. Most of us who live here would never take such a long run for so low a rate. In fact, almost allways, when I leave out, I just deadhead to Georgia and start my run then. I stay in the lanes that pay best for a week or so until I'm ready to come home, then I take a load home, but when I book it, I try to get enough out of it to pay my deadhead to Georgia.
Some drivers will wait 2 or 3 days for a load when they get empty in Florida, and then end up with a cheap load. I'd rather spend a few hours getting to where the good freight is rather then wait and lose money. I find I end up making more this way.
So yes, $1500 from Kissimmee to Nashville is pretty bad, but it's normal for Florida. -
Thank you I appreciate the advice
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CONDO<<<< I earn about $4k weekly. I manage my expenses as follows: $4k-fuel= $2300-$2400. Ill go low with income. $2300*4=$9200-$9600 monthly. Monthly recurring expenses: truck note, insurance, taxes, maintenance. So weekly I put away $150 for insurance,$100 for taxes,$300 for truck payment, $150 for maintenance and $150 for unexpected expenses. I have several different account so that the money is not mixed/and I don't see the lump amount as a whole(helps me personally). I pay myself $1100 weekly and I manage. Not much compared to the tells I heard, but this is realistic to me. Oh, my priority is not the amount of money I earn right now it's home time.
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Calculating gross is easy. It's the total amount of revenue. Did you mean how to calculate net? Gross revenue - Expenses = Net revenue (profit or loss)
Lilbit Thanks this.
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