Driver profit split question

$3000 per mo per truck a month is kinda optimistic for a new start up. Figure that would be around .25 a mile, kinda hard to squeeze out of today's market.
As part of your research you need to read the business news.
Here is one indicator of a tough market.
http://www.wsj.com/articles/trucking-companies-throttle-back-expansion-plans-1454014013

 

3000 per truck a month ? I guess no on else wants to hurt your feelings it's not going to happen in this economy.
Sounds like you have zero truck experience so need enough money to support ten truck to start with.
Most drivers on percentage make 25% excluding FSC. Never herd of a 50/50 split before.

 

Yeah $3,000/mo/truck......that's a goal for sure.

Just as a rough idea:
- figure 2000 loaded (paying) miles a week*** x 4 weeks = 8000 miles/month.
-20% dead miles = 9600 miles/month
-9600 miles/month x $1/mile costs*** before driver = $9600/month costs
-$3,000/month profit + $9600 = required revenue of 12,600/month
-$12,600/8000 loaded miles = $1.57/mile required before driver costs and income taxes

***mileage may vary

 

I worked for 50 50 back some time ago...was the biggest sewing I got from trucking so far.

 

That's s c r e w I n g not sewing.

 

Gotta love autocorrect, huh?

-Steven

 

50/50 Is kinda hard unless you have some way of having tons of high paying freight. But, you could just do the math and see how much you can afford. If you use $1.50 as your revenue and your expenses at $1 then you only have $0.50 left to pay your drive and yourself. Split that and it would be $ 625 on 2500 miles ($0.50X2500). No driver will drive for that low a wage. That will be good for you because you are getting $3,125 on the whole fleet ($625X5 trucks).

And before anybody goes crazy about the rate or the expenses, I was just using simple numbers for illustration only!!

 

At 3000 a month per truck Swift would be clearing half a billion a year.

 

HATE it..can I turn it off?