Can owner operators make 4k per week after all expenses and taxes?

Discussion in 'Ask An Owner Operator' started by Power Meister, Aug 26, 2022.

  1. Power Meister

    Power Meister Light Load Member

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    Revised:
    Right, well the load from MO to WA paid $3.24 per mile. Just say fuel is $.50 per mile. Maintenance is .08/mile on a new truck, and all the other Authority expenses added together are .25/mile. And truck depreciation is .25/ mile. So your income per mile on that load is 2.16/mile. But, actually, average spot rate today is 2.40/mile not 3.24/mile. So, at today's average spot rate of $2.4 your income per mile without truck payment and taxes would be 1.32/mile. Depreciation was calculated in, so this what you would get per mile if you sold your truck later. All said and done, income before taxes comes out to about 3k per week at today's average spot rate of $2.4/mile.
     
    Last edited: Aug 28, 2022
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  3. Power Meister

    Power Meister Light Load Member

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    Right, probably 20k - 24k is about the average per year for repairs and maintenance, so about .17/mile -.22/mile for maintenance. Figuring 2250 miles/week.
     
  4. Siinman

    Siinman Road Train Member

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    Why are you worried about average spot rate? You asked for real numbers and get them and then you throw in at todays spot rate????????? I guess I don't understand what you are trying to get out of this thread?????????
     
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  5. Power Meister

    Power Meister Light Load Member

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    Because since the average spot rate is $2.4/mile, that is the rate you are going to be getting averaged out over time if you drive say 117000 miles in the year. Because you are going to get some $3 loads but then be forced to take an equal amount of $1.50 loads. So on average your rate will be $2.25/mile - $2.40/mile. So, the income per week of an owner operator using a van, who drives 2250 miles / week, is literally 3k.
     
    Last edited: Aug 28, 2022
  6. Long FLD

    Long FLD Road Train Member

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    And next week the average spot rate could be $2.30 or it could be $2.10. You have plenty of options that don’t involve the spot market and a van trailer if your only concern is having $4k left every week after all expenses and taxes.
     
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  7. Power Meister

    Power Meister Light Load Member

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    What are those options?
     
  8. Siinman

    Siinman Road Train Member

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    Spot rates change every week and change depending on the lane you are running. The average means nothing as some would be the ones running the $1 a mile and others running the same thing for $4 a mile.
     
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  9. Long FLD

    Long FLD Road Train Member

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    Seriously? The 5th wheel on your truck can hook onto any trailer on the market. And the option for something other than spot market is to lease your truck to an established carrier with their own customers.
     
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  10. Siinman

    Siinman Road Train Member

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    I am guessing this guy is a young man trying to figure out when he grows up if he can be an owner operator.
     
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  11. Long FLD

    Long FLD Road Train Member

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    I understand that. But he’s obsessing over numbers that change by the hour and that’s just going to drive him crazy from over-analyzing every little detail. I just want them to understand that there are many options available to someone that owns a truck.
     
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