Is it hard to get load for new authority company

86965.60 miles
Loaded Miles 59663.70 miles
Empty Miles 26301.70 miles
22 YTD miles

I don’t remember exactly, that notebook is at home, I’m thinking 195-198 days out, for me, as I’m the driver too.

$290,158.58 Gross
Total Expenses $247,515.11
Profit / (Loss) $42,643.47

That’s now that I’ve updated expenses with 2290 @$1100 for me with two trucks and one as a spare, that i ran miles on when one was down.

But, most won’t make $300k/year.
Gotta be a stepper.

 

Now if you want to figure cost per mike, take expenses and divide by mikes.
That’ll be all expenses for me, which everybody will have different cost per mile.
I won’t start my truck for less that $3, although I’m bringing a load that is 2.93/mile back to Memphis, but truck is going to go to shop and it runs me by the house to do so, and not taking money from my pocket to get back home.

 

$3/mi is good and all but really all he has to do is run double the miles @ $1.50/mi to match your income!

 

There is guys out here that have been at it for 10+ 20+ 30+ years that are really struggling on the spot market now.. What makes you think you can come in brand new and navigate the market and make more money than them..? I dont know anybody doing well on the spot market right now... You would be the first person i hear of...

Would you open a returant with no experience of how to cook?

Would you open a repair shop with no experience of how to turn wrenches ?

Getting off the ground is the hardest part. If you have no experience in the actual job itself how do you expect to get it off the ground? If your answer is to hire someone else that knows how to do it. You are going to need 100k in the bank at all times to deal with the nonstop ######## that gets thrown in ur face as a truck owner. Especially if you plan to start a fleet and hire a driver, only to run off the spot market...

I dont think you understand, the average spot market rate right now is about 1.60 a mile for dryvan.. At 100k miles fuel is .75 and rising higher. Driver pay .60 a mile. Insurance .25 a mile.. Repairs and maintence .25 a mile... Those are just the basic expenses for every company ... And include that your equipment is already fully paid off . there is much more expenses depending what you are doing... Please do the math on that and tell me how you are going to succeed.

 

I know what i am going to do,

 

$40k profit after all the expenses paid isn’t bad.

what type of trailer do you drive ?

 

That’s company money/trucks money, business bank account

 

Thank your for responding sir, I will be buying flatbed trailer. I know they’re harder to pull but that’s why there will be an experienced driver for it

 

I see

 

I just dont think ur seeing the bigger picture of it.. An experienced driver in the flatbed market is going to demand a higher wage then that.. The flatbed spot market is not any better than the van market. Hopefully you did the math on the expenses i mentioned and see they dont add up... Your revenue is going to be less than most other o/op because u have no experience to navigate the market and know where the freight lanes are at.. Unless you are willing to lose every penny you invest in this business i would think long and hard about what you're getting into... Im not saying you cant do it. But the learning curve is very steep and you are going to need to be willing to lose 6 figures to ride out this market with the way that it is... There is much better ways to invest that money where u can actually make money... Trucking is nothing more than a money pit.