Is there truth in this statement about O/O income?

Many won't like my plan. I don't chase every $$$. My plan is more reliable hauling the same loads for customers. I leave only small room for SPOT market. I am not making/working as much as others.
With costs up, I am not getting rich.
But I'm not going down.

****The good part is I bought a used truck along with a trailer before the Pandemic. I paid for my equipment using old market prices. If I would have to sell my business, it would pay off my mortgage. I didn't lose anything.

But the equipment isn't new and with prices up and part shortage, it eats up quite a bit. I'm almost done paying off the truck. I paid off the trailer.

What I'm worried is what I will do in a few years. If prices will stay so high and I'm going to be in need of a new equipment then I might leave this business. It might not be worth it. I don't know. I hope either the prices for equipment going down or rates going way.

 

Ummm, so costs are up but you dont increase your rates to your customer?

That seems like slow suicide, at very least your fuel and cost of living adjustment (read roughly inflation) should increase as you go

 

I raised only by 10%. Spot Market TOP rates for the same lane are about 15-20% more than mine. Not all brokers pay top rates. But when rates will go down, my rates are locked.
I only have that agreement with two brokers who run the same loads. And I work with one shipper who doesn't like when I ask for a raise. When getting a load off DAT then I ask for the top price I can get off the board.

Two brokers send me loads one week in advance. And I work with the same shipper on a weekly basis twice a week. The shipper pays the same day by comcheck. No fees for issuing the comcheck. So, I always have some money every week if other payments are coming late. I leave a bit of room for Spot Market. But this week my loads were booked last week.

 

Gross earnings mean nothing


it’s the net profit that matters .