Low freight rates

Plenty of ways to hide it when your that big too

 

They have lots of golfing buddies

 

It’s not just “hiding” profits. Megas own lots of real estate, have large terminals, a bunch of non-driving employees, service shops and mechanics. A lot of things that don’t necessarily generate revenue directly but it all has to be paid for by the trucks.

 

When I went through Knight orientation 5 years ago, they told me they were making $30k in profit per truck per year.

If each driver did 120,000 miles a year, that would be close to 25 cents profit per mile.

I’m pretty sure the average mileage per driver was less than 120k/year so the profit per mile is probably a little higher.

 

They forgot to add a Zero to that 30

 

I’d guess around $150-200 or so.

 

I disagree!

 

Swift .35c a mile probably. NFI guys are prob making a decent wage. A lot of their drivers are older. Lots of guys in their late 40s 50s and 60s.

 

Is he telling the truth