GET RICH!

Discussion in 'Ask An Owner Operator' started by FREEBRD, Mar 14, 2010.

  1. mitchtazz

    mitchtazz Road Train Member

    1,823
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    Sep 6, 2009
    Lake Wales, Fl
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    sorry bout the double post, but here goes.. i ask that if you see, if anyone sees anything wrong with these numbers please let me know, if i need to go more in detail about something let me know also. i wont take comments or suggestions as a personal beating but more as a lesson learned, and knowledge is power. if you all can find my errors now then it'll only help me when it comes time for me to put this plan to work.

    all of the numbers are based on 500mi a day, a 5 day work week, and fuel is 2x 150gal # 5mpg

    House - $4500 a month..... 0.45cpm
    Truck
    30,000-5000dwn pym = 25000 over two years.......0.11cpm
    ?Trailer
    11,000-5,000dwn pym = 6,000 over one year ......0.05cpm
    Fuel
    300gal # $3= 1,800/1500mi........0.60cpm
    Ins
    16,227 - 6,227dwn pym = 10,000 over nine months.......0.12cpm


    notes
    ok for the house it includes all of our (me and wife's) bills: rent, water, electric, cable, phones, POV Ins, POV payment and a loan that will be paid off in a few months.

    truck payment, people are like "he forgot about intrest" i didn't forget about it. every month after i make one payment i'll make another quater payment towards principal, which will reduce the balance quicker (not the quickest) and in turn lower the amount of the payment that goes towards interests.

    ? mark next to trailer. this is all gonna go one of two ways, either i'm going to purchase my own flatbed and scurry around the south east, or i'm going to run for a citrus broker and drag their trailers around for a season and then buy a flatbed and run it. i know a few from my teenage days and my dad knows more then enough that have their own trailers and are hiring release drivers. let me know what ya think.. and thanks for your help. i'm not trying to be another guy who's young dumb and full of fun, and that's why i spend my idle time on here. all i've ever known is citrus and i've been out of the game for a long long time.
     
    Last edited: Mar 15, 2010
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  3. coastie

    coastie Road Train Member

    First you must define leased on O/O or ones with own authority. My Operating cost will be different once I am out on my own authority.

    An O/O leased on to a carrier will not have a High operating Cost. So an O/O leased on to a carrier can make good money at 0.90 per mile. But you have to realize at making 0.90 per mile he not having to deadhead for free as you would be.

    But as being leased on to a company, I pay for fuel + 280 a month for Insurance and qualcom. I get paid 75% of the load. The load I am currently unloading paid me 2300.00 and fuel cost me 498.00, though I did top my tanks before getting to an area where fuel was over 3.00. so I put another 200.00 worth in. With this one load I will make enough to make a truck payment and some.

    But if I had my own authority I would hope for a higher pay but what I have looked into The rate I am getting I still be making a profit, for when I get my own authority I will have a different truck, and this one will be reconfigured into a 10 wheeler and doing 2300 to 3000 per load no matter how far it goes pending on the weight that is loaded on it.

    No all have a low operating cost and same time not all have a High operating cost. That is how some can make it on cheaper freight.
     
    losttrucker Thanks this.
  4. rbht

    rbht Heavy Load Member

    888
    524
    Jan 23, 2010
    CT,NH
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    Being an independent o/o cheap freight to me is any load that does'nt pay enough to cover operating cost plus a profit with empty miles included i have to make minimum $1.50 a mile for all miles for my truck and trailer to be profitable plus pay me i argue with guys all the time at a local lumber yard taking loads for $.95 to a $1.10 a mile and i get the same answer it pays the fuel to get somewhere better it cost me $1.02 to run my truck so at the rates there hauling at with empty miles included it would cost me money to run and i bet it cost them to they just have'nt figured it out yet and never will because the mentality whith to many is as long as there a load on the truck its making money so wrong.
     
  5. outerspacehillbilly

    outerspacehillbilly "Instigator of the Legend"

    4,350
    2,420
    May 28, 2009
    The Who's Your State
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    Thanks for the link.
     
  6. XiZBiT

    XiZBiT Light Load Member

    131
    9
    Dec 8, 2007
    Detroit
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    I am going to call you on this, your full of Sh1t and I can back this up. JB pays 1.08 to plus a .29 FSC if you have your own authority. :biggrin_25512:
     
  7. miconn

    miconn Light Load Member

    65
    41
    Jul 29, 2009
    Mobile,AL
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    not so fast there X, I am currently set up with JBH on a percentage basis. They must have changed the program for new carrier setup, but the old plan was on a percentage basis, and I can vouch that the rates are that high. They tried to convince me to change over to the new program, but I declined. I do not run with them all the time, but I am still set up under the old plan.
     
    112racing Thanks this.
  8. Big Duker

    Big Duker "Don Cheto"

    2,922
    2,855
    Sep 18, 2007
    Weatherford, TX
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    I agree and also disagree with you. It's not all "new" drivers and OO s. There are plenty of guys w/ 20+ years out there running for .90 a mile. Got to remember that for several years we were getting $4 plus on loads. Too many didn't save anything and figured the good times would roll forever. Bad business there. I hate the CR Englands of the world, but there is nothing you can do about them. Shut them down and 4 more will open up. All you can do is sell yourself and why you are better. I have done a lot more sitting than running the last 4 months. Guy I drive for said screw this. Unless they are willing to pay let someone else tear up their equipment for nothing. No big deal. I have had HVAC license for 25 yrs. Electrical license for same. Those markets have been devastated by all the criminal illegals in this country. But I can make more going in and fixing their screwups than doing the job the 1st time. Until the economy picks up it's going to be hard to find good paying hauls. Those that have paid off their equipment and aren't living in houses they can't afford and driving autos that are way above their means will be ok in the long run. The bums in all businesses always fall by the wayside. I know it's frustrating but that is the way it has always been. Be patient and ready to strike when the iron is hot again.
     
    Working Class Patriot Thanks this.
  9. 112racing

    112racing Road Train Member

    1,384
    20,538
    Nov 30, 2008
    pocono's, pa
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    and i said i'm working for a broker that has a contract for this account from jb hunt

    any way you want to look at it it's still jb's freight using jb's trailers
     
  10. 112racing

    112racing Road Train Member

    1,384
    20,538
    Nov 30, 2008
    pocono's, pa
    0
  11. FREEBRD

    FREEBRD Medium Load Member

    499
    116
    Oct 18, 2007
    Lafollette tn
    0
    Somewhere between Waylon Jennings and George Jones! LOL!


    ANYWAY SITTING IN SPRINGFIELD IL WITH FLAT. POSTED TRUCK FOR 2.50 SHOULD ATLEAST BE THAT OUT OF HERE! FUELS OVER 3.00 GALLON.

    HAD OFFERS OF 2 PR, BUT THEY TRY TO TRICK U SHORT MILES , HAD TOLL RDS ,EXTRA STOPS! AND TARP SECOND DROP WAS 250 MILES AWAY.

    ANOTHER THING IVE MADE IT A POINT TO GET TARP PAY THIS YEAR ! NOT THIS ALL IN BULL!

    COME ON OWNER OPS! LETS MAKE A PROFIT THIS YEAR! BEEN TAKONG IT U NO WERE FOR SOMETIME NOW!

    BY THE WAY JB HUNT SUCKS MORE THAN MOST! ESPECIALLY HOLLY!:biggrin_2551:
     
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