How are they doing it???

Discussion in 'Ask An Owner Operator' started by DocHoof, Nov 30, 2014.

  1. freightwipper

    freightwipper Road Train Member

    9,366
    11,439
    Mar 24, 2014
    OTR
    0
    Is not being able see "Marten" on a trailer a bad thing? :biggrin_2559:
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Hegemeister

    Hegemeister Road Train Member

    1,912
    1,660
    Jun 16, 2012
    Mechanicsburg, PA
    0
    $1.44 per mile cost? Seems really high. What is the breakdown?
     
  4. FLATBED

    FLATBED Road Train Member

    If your Cost is $1.44 / Mile you better be getting loads at the Min of $1.83 / Mile
     
  5. allis327

    allis327 Light Load Member

    72
    54
    Aug 26, 2011
    Melrose mn
    0
    Some of our local truckers with chromed out rigs have wives with good paying steady jobs. It allows them to be super truckers since if they make money it is just adds some gravy to the check book. I wish it was my situation but it is not and it is the path I chose but it would be fun to dream that my my paycheck didn't really matter.
     
    jbatmick Thanks this.
  6. DocHoof

    DocHoof Light Load Member

    160
    81
    Sep 2, 2014
    0
    Based on 100,000 miles per year:
    Fuel: 0.75 per mile.
    Truck payment: 0.14
    Insurance: 0.13
    Permits: 0.04
    Taxes: 0.17
    Repairs: 0.20
    Load board fees: 0.01
    Factoring loads: 0.10 (5%).
    Total: $1.44.

    I've gone high on fuel and repair deliberately. Fuel could be set as a realistic of $0.64, but leaves no wiggle room if prices go above $3.85. Repair is put into an interest bearing account that I will cap at $40,000, if I ever reach that. And taxes are an uncertainty at the moment, but I have figured my max to be around 17% by IRS documentation. And that doesn't include my pay. Believe me when I say, I'm not doing this just to break even; I have bills to pay BESIDES my truck, so taking loads paying at $1.60, I'm gonna end up living in my truck.
     
  7. rollin coal

    rollin coal Road Train Member

    13,288
    26,800
    Mar 29, 2008
    TN
    0
    Actually sounds quiet low. My equipment is paid for and my cost is higher than that. This comment really riles people sometimes but as a one truck show if he is responsible for feeding a family and maintaining a household off that truck then those count as legitimate operating expenses that he has to cover. It's not going to happen at $1.44 a mile average unless your name is Jerry Moyes, Kevin Knight (you get the idea). If you're one truck and you're in it to profit you don't make any profit until all truck and household expenses are covered for the year.
     
    wore out, SL3406, scottied67 and 5 others Thank this.
  8. DocHoof

    DocHoof Light Load Member

    160
    81
    Sep 2, 2014
    0
    Not necessarily, but I don't wanna see "LSG" and "Paco's Tacos" spray painted on MY trailer, either!!! [emoji12]
     
  9. DocHoof

    DocHoof Light Load Member

    160
    81
    Sep 2, 2014
    0
    That's exactly my point. I'm really fighting with trading this dry van in for a reefer. At least reefer pays at a decent rate consistently. And if push came to shove, you can always haul dry van with it. Anyone got a reefer they wanna trade for a dry van???[emoji90] [emoji90] [emoji90]
     
  10. double yellow

    double yellow Road Train Member

    5,946
    10,066
    Aug 28, 2011
    State of Jefferson
    0
    Where do you run? Unless you are trying to stay in the Southwest or Florida, you still should be able to average 1.80+ with a van.


    Do you negotiate?

    Guy getting loaded next to me is going to the same place I am & asked what I was getting. I told him $1800, he said $1500. Turns out his wife dispatches him from home & she doesn't feel comfortable haggling so she just accepts the opening offer if it meets his minimum.
     
    LittleMissCabover Thanks this.
  11. jbatmick

    jbatmick Road Train Member

    2,198
    2,506
    Dec 1, 2009
    hastings, Fl
    0
    We try to tell newer O/O's that the better paying loads go to established / well connected trucks. It takes time to make connections. Most of us do ( or did ) not work off of load boards, they usually only show the loads that have already been turned down due to lower rates.
    Everybody's situation is different. My cost per hub mile is a buck fifty five, and my revenue per hub mile is two dollars fifty one. I pull local dedicated farm products, quite happy being home every night.
    Reefer is probably not your answer, unless you have connections.
    I can make any business look profitable on paper using published figures, but the real world is much different. Good luck
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.