Going on my own

What's your cost per mile?

 

OK. That is first to consider. Secondly do you have savings set aside for emergencies?

 

So basically your cost to operate is approx 1.43 pm. Rounded up to 1.45 pm. That's a break even point (baseline)and whatever u gain from there is profit.

Seems to me like you know where it's going. Quite a few dont.

 

Did you add in the cost of employing people?

Whatever you pay your guys, add in another 25-30% for employment taxes and workman's comp.

And also add in months of downtime for when your driver decides to quit and go to another company and you can't find another one. Remember that turnover rate in this industry is 100%+. Trucks are being put up for sale these days because the owner can't find and/or keep a driver. I've seen this multiple times.

Add in 6 weeks of downtime for drivers wanting to be home, and also trucks being down and needing to be serviced.

IF you can keep all your trucks loaded AND have a driver for them available 90% of the time, you can probably make $25-30k per truck per year before your taxes.

From all the calculations I've done on the subject, one can expect to have 3.5 trucks running to make the same as if he were just driving one by himself.

 

Well, kinda. But are you going to realistically run 115000 miles per year? That's an average of 2200 miles per week, constantly. 52 weeks at 2200 miles. I don't believe that's realistic.

And ask yourself, will I always get 175 pm runs? You might end up with an average of say 175 pm runs, some coming in less some more.

You have ur own authority correct? If so hoof it and try to find a few good customers u can be consistent with. Reefer always has the option of hauling hazmat.

There are so many variables to that situation. But at least u know where u stand.