How much CPM are you averaging?

Not sure on the exact number yet. But I am an O/O with my own authority and own trailer. First year in the business. I am at 2+ a mile. I ran roughly about 109,000 miles. Only worked roughly 8-9 months this year. Deadheaded home from Atlanta many times this year as well. LTL is the ONLY way to roll. Learned a lot this year. Can't wait for 2013 as I should have some more direct customers!!! Been a great time.

 

That's great,
I bought my truck recently and it's paid off,
I'm leased to a local company. I am only averaging about 1.50 after gas, maintenance, insurance etc. I'm not making too much profit.
So, I am looking into a Trailer and getting my authority soon!

 

Really! Use much gas, do ya?

 

The thing with landstar and mercer and companies alike. You can choose and pick what you drive for. Many of those drivers only tell the gross and never mention the 30% the company grabs. You can still make a decent living with it if your smart. I can't remember what i drove for as a O/O but I made plenty of money and home time was great. Took many vacations and my wife didn't need to work. I was paid percentage with high paying outhauls and cheap backhauls "mostly brick because it got us back and no appointment time" I'm a company driver now. .56 cpm for the exact miles ran. Wife works also. She's happier with me as a company driver and a set daily home time. It's nice to have cheap benefits also. Its like pulling teeth getting a day off as a company driver. I made a boat load of money as an O/O . I remember paying income tax one year in the late 90's on $113,000. I remember something around 98,000 miles. Don't sound like much but it was after fuel. Then again, fuel was cheap back then.

 

And some of the per mile rate compensation packages at some carriers do not factor in all the extras. Like if the stop off pay is pretty good, or the detention compensation is good. And when you factor out any costs you would have that the carrier is picking up, then it is not as bad as it seems getting that buck and a half a mile. And the net is affected by what a carrier would charge for incidentals. Some have hardly any fees or charges that come off the top. The net is the only true picture. And also where you live has a bearing. One person's good net is another person living in the poor house. It costs a lot more to live in a major metro area than it does in rural Iowa for instance. If what you are getting covers all your costs and allows you to live a decent lifestyle (wow... that is a broad definition), then it all works out just fine.

 

I'm an o/o leased on to a company pulling a dry van. My numbers are not exact plus they vary from month to month. My gross is around 1.75 a mile, based on my paychecks, net is around $1 a mile(thats after fuel, company cut and insurance). I usually don't haul loads over 20k lbs, most of them are less than 10k and no touch; 99% from load boards.

What kills my bottom line is that I live in So.Cal so each time I head back home it's for cheap, coming out is not that good either. I'm ok with it, truck and trailer are paid off and I minimize maintenance costs by doing most of my own repairs.

 

WOW! Thanks for the math Lesson!!!!!!!!!!!!

 

I ran 41,500 miles since July this year and averaged out to $1.78 to the truck on ALL miles. I averaged 10 days off per month too.

 

76,006 a year is actually a little under 1500 a week average. He might need a new calculator.

 

Averaged 2.43 per mile shop to shop with a reefer. Used to think produce was the only thing to haul. I was wrong. I still haul produce but have different methods of getting there when I want to. Fairly large number of 400-600 mile loads nowadays.

Jay