Ok interesting. What I've been doing is full throttle up the grade(or whatever is enough to hold speed) and try to time it where I can let off close enough to the top where I top the crest at 40-45ish and regain on the other side(hopefully without touching accelerator)
Double Yellow's Company Driver to Independent Thread
Discussion in 'Ask An Owner Operator' started by double yellow, Nov 5, 2014.
Page 55 of 198
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the company I'm leasing to pays ifta. Does this mean I just pay pump price? (don't subtract fuel tax).
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If it is the former, buy where it is cheapest price less IFTA. If is is the later, then just fill up at the place with the cheapest pump price.csmith1281, paul_4lp, tsavory and 1 other person Thank this. -
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Ok DW. I've tried to explain IFTA to people and I haven't found anyone who understands it. Most argue with me even though they don't have their own authority or file it themselves.
So, given that. Can you tell me how you can end up owing zero after filing every quarter?paul_4lp Thanks this. -
dannythetrucker Thanks this.
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Okay so I did my ein number I need a bussiness account how can I prove my business address? I haven't registered a name as I'm leasing to a carrier
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T. Pete's Trucking for example.
Come up with a name that will get printed @ the top of checks and other business paperwork. Show the EIN paperwork to the banker and let them know it is Sole Proprietorship and your home address is the mailing address.TruckerPete1990 Thanks this. -
I've been avoiding looking at this quarter's numbers. I knew going in this would be my worst quarter, but still... Anyway, here are the results (keep in mind I took off most of January and all of February):
[TABLE]
[TR]
[TD]Lane[/TD]
[TD]odometer[/TD]
[TD="width: 86"]loaded mile[/TD]
[TD="width: 86"]rate[/TD]
[TD="width: 100"]$/LM[/TD]
[TD="width: 86"]$/AM[/TD]
[TD="width: 17"][/TD]
[TD="width: 86"]Weight[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]Vacaville to Bend to Milwaulkie to Seattle[/TD]
[TD]1516520[/TD]
[TD]773[/TD]
[TD]$2,350.00[/TD]
[TD]$3.04[/TD]
[TD]$2.60[/TD]
[TD][/TD]
[TD]15000[/TD]
[/TR]
[TR]
[TD]Auburn, WA to Groveport, OH[/TD]
[TD]1517425[/TD]
[TD]2400[/TD]
[TD]$4,750.00[/TD]
[TD]$1.98[/TD]
[TD]$1.86[/TD]
[TD][/TD]
[TD]43000[/TD]
[/TR]
[TR]
[TD]Troy, OH to Bethlehem, PA[/TD]
[TD]1519981[/TD]
[TD]526[/TD]
[TD]$1,775.00[/TD]
[TD]$3.37[/TD]
[TD]$2.70[/TD]
[TD][/TD]
[TD]43000[/TD]
[/TR]
[TR]
[TD]Findlay, OH to Sacramento, CA[/TD]
[TD]1520638[/TD]
[TD]2307[/TD]
[TD]$3,575.00[/TD]
[TD]$1.55[/TD]
[TD]$1.22[/TD]
[TD][/TD]
[TD]33000[/TD]
[/TR]
[TR]
[TD]Herlong, CA to Ft Jackson, SC[/TD]
[TD]1523563[/TD]
[TD]2659[/TD]
[TD]$4,000.00[/TD]
[TD]$1.50[/TD]
[TD]$1.34[/TD]
[TD][/TD]
[TD]32000[/TD]
[/TR]
[TR]
[TD]Summerville, SC to Rockford, IL & Dubuque, IA[/TD]
[TD]1526555[/TD]
[TD]1069[/TD]
[TD]$2,350.00[/TD]
[TD]$2.20[/TD]
[TD]$1.94[/TD]
[TD][/TD]
[TD]45000[/TD]
[/TR]
[TR]
[TD]Oshkosh, WI to Lexington, SC[/TD]
[TD]1527766[/TD]
[TD]977[/TD]
[TD]$2,625.00[/TD]
[TD]$2.69[/TD]
[TD]$2.13[/TD]
[TD][/TD]
[TD]13000[/TD]
[/TR]
[TR]
[TD]Browns Summit, NC to West Babylon, NY[/TD]
[TD]1529000[/TD]
[TD]546[/TD]
[TD]$2,243.00[/TD]
[TD]$4.11[/TD]
[TD]$1.81[/TD]
[TD][/TD]
[TD]45000[/TD]
[/TR]
[TR]
[TD]Chardon, OH to Ringgold, GA[/TD]
[TD]1530240[/TD]
[TD]631[/TD]
[TD]$1,600.00[/TD]
[TD]$2.54[/TD]
[TD]$2.27[/TD]
[TD][/TD]
[TD]43000[/TD]
[/TR]
[TR]
[TD]Loudon, TN to Atlanta, GA[/TD]
[TD]1530945[/TD]
[TD]185[/TD]
[TD]$975.00[/TD]
[TD]$5.27[/TD]
[TD]$3.41[/TD]
[TD][/TD]
[TD]45000[/TD]
[/TR]
[TR]
[TD]Salem, SC to Louisville, KY[/TD]
[TD]1531231[/TD]
[TD]430[/TD]
[TD]$1,200.00[/TD]
[TD]$2.79[/TD]
[TD]$1.93[/TD]
[TD][/TD]
[TD]46000[/TD]
[/TR]
[TR]
[TD]Winchester, KY to Herlong, CA[/TD]
[TD]1531853[/TD]
[TD]2240[/TD]
[TD]$3,800.00[/TD]
[TD]$1.70[/TD]
[TD]$1.46[/TD]
[TD][/TD]
[TD]32000[/TD]
[/TR]
[TR]
[TD][/TD]
[TD]1534450[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD][/TD]
[TD]Total Miles:[/TD]
[TD]loaded mile[/TD]
[TD]rate[/TD]
[TD]$/LM[/TD]
[TD]$/AM[/TD]
[TD][/TD]
[TD]Avg Gross Weight[/TD]
[/TR]
[TR]
[TD][/TD]
[TD]17930[/TD]
[TD]14743[/TD]
[TD]$31,243.00[/TD]
[TD]$2.12[/TD]
[TD]$1.74[/TD]
[TD][/TD]
[TD]61201[/TD]
[/TR]
[TR]
[TD][/TD]
[TD]Deadhead:[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD][/TD]
[TD]21.62%[/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[/TABLE]
[TABLE]
[TR]
[TD]EXPENSES[/TD]
[TD="width: 86"][/TD]
[TD="width: 86"][/TD]
[TD="width: 86"]per mile[/TD]
[/TR]
[TR]
[TD]Car & Truck (Business):Fuel[/TD]
[TD]$6,209.48[/TD]
[TD]19.87%[/TD]
[TD]$0.346[/TD]
[/TR]
[TR]
[TD]Car & Truck (Business):Inspection, Maintenance, & Repair[/TD]
[TD]$2,622.24[/TD]
[TD]8.39%[/TD]
[TD]$0.146[/TD]
[/TR]
[TR]
[TD]Car & Truck (Business)ermits, Fees, & Road Taxes[/TD]
[TD]$1,285.78[/TD]
[TD]4.12%[/TD]
[TD]$0.072[/TD]
[/TR]
[TR]
[TD]Car & Truck (Business):Scales[/TD]
[TD]$137.14[/TD]
[TD]0.44%[/TD]
[TD]$0.008[/TD]
[/TR]
[TR]
[TD]Car & Truck (Business):Tolls[/TD]
[TD]$485.65[/TD]
[TD]1.55%[/TD]
[TD]$0.027[/TD]
[/TR]
[TR]
[TD]Insurance (Business & health)[/TD]
[TD]$2,185.00[/TD]
[TD]6.99%[/TD]
[TD]$0.122[/TD]
[/TR]
[TR]
[TD]Office Expenses (Business)[/TD]
[TD]$650.57[/TD]
[TD]2.08%[/TD]
[TD]$0.036[/TD]
[/TR]
[TR]
[TD]Prof and Legal Fees[/TD]
[TD]$310.00[/TD]
[TD]0.99%[/TD]
[TD]$0.017[/TD]
[/TR]
[TR]
[TD]Supplies (Business)[/TD]
[TD]$135.84[/TD]
[TD]0.43%[/TD]
[TD]$0.008[/TD]
[/TR]
[TR]
[TD]Taxes (Business)[/TD]
[TD]$3,051.36[/TD]
[TD]9.77%[/TD]
[TD]$0.170[/TD]
[/TR]
[TR]
[TD]Travel (Business)[/TD]
[TD]$378.85[/TD]
[TD]1.21%[/TD]
[TD]$0.021[/TD]
[/TR]
[TR]
[TD]depreciation[/TD]
[TD]$781.25[/TD]
[TD]2.50%[/TD]
[TD]$0.044[/TD]
[/TR]
[TR]
[TD]TOTAL EXPENSES[/TD]
[TD]$18,233.16[/TD]
[TD]58.36%[/TD]
[TD]$1.017[/TD]
[/TR]
[/TABLE]
Net Q1 income: [TABLE]
[TR]
[TD]$13,009.84[/TD]
[/TR]
[/TABLE]
($0.73/mile)
Net income per month:
[TABLE]
[TR]
[TD]$4,336.61[/TD]
[/TR]
[/TABLE]
In hindsight, I should have taken cheap loads to minimize deadheads out of New York (500 miles) and to & from Herlong, CA (200 miles). Heck I should have just parked in Louisville and flown home rather than take those $1.50/mile loads to get to & from California...
Compared against gps, I see my odometer now reads ~ 1% more miles which means instead of 8.75mpg I'm at 8.66. Not a huge difference, by psychologically 8.75 seems a lot closer to 10 than 8.66...
Last edited: Apr 5, 2015
Iggly, spectacle13, Grijon and 9 others Thank this. -
csmith1281 Thanks this.
Trucking Jobs in 30 seconds
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