My numbers as an O/O leased to Crete

There is a drop yard in the Denver area. Your home terminal would probably be Cheyenne,WY.

 

Thanks for the great info

 

John, following you will find your July 2009 monthly financial statement.

In looking at the July financials, you are showing a Net Profit of $33,876 for the
year-to-date period. This comes out to $0.436 cents per mile and is based on
77,748 paid miles. You received detention pay totaling $232 during the month.
This additional pay added $0.017 cpm to your net profit for the month.

You are averaging 11,107 paid miles per month this year compared with 12,045
monthly miles you averaged last year. You were out on the road 189 days
through the end of July 2009 (89% in service) and averaged 411 miles for each
day you were out.

Your maintenance expense for the first seven months of 2009 was $4,875 or
$0.063 cpm and your tractor supplies expense was $143 or $0.002 cpm.
Together your variable tractor expenses remain right in line with expectations.

Fuel costs averaged $0.317 cpm less fuel surcharge reimbursements of $0.172.
This results in a net fuel cost of $0.145 which continues to be an excellent net
fuel cost.

Federal Highway Use Tax deductions totaling $550 were taken in July. These
costs are included on the “License, Permits, FHUT” line of your financial​

statement.


This July was a very good month. I had a NET PROFIT of .55 per mile. More miles and low opperating cost for the month helped. August will not be as good, because I'm taking 10 days of vacation, and used that time to get some maintainance done. i.e. Fewer miles + higher maintainance cost= lower NET PROFIT. This is where saving money in a maintainance account (by not spending all the settlement check and budgeting) helps an o/o stay in business.

 

Hello everybody, new to the forum here. I've heard of O/O's being paid up to $1.75 cpm? It seems like jdrent is only making about $1 cpm? Why is it that some companies are paying alot (~$1.75) and some paying so little (~$.85)?

 

Its all in what to co. Pays for. Some pay everything some you pay everything. Also nobody is paying that much right now unless your running your own authority and even then its rare these days. Rates suck

 

Do you think that $1.25cpm for an O/O is reasonable today? Also, what is "running your own authority"? As you can tell I'm really new. Thanks, J.

 

With this rate you are paying yourself #.20cpm. If you are lucky that is.

 

$1.75 ain't that much with your own trailer. $1 is about the norm for freight haulers, but that is mostly because they don't know any better. You come out of school and go drive a truck for some big company and you just think that what your truck makes is what every truck makes

 

September 8, 2009

John, following you will find your August 2009 monthly financial statement.
In looking at the August financials, you are showing a Net Profit of $36,518 for
the year-to-date period. This comes out to $0.419 cents per mile and is based
on 87,163 paid miles. You are averaging 10,895 paid miles per month this year
compared with 12,045 monthly miles you averaged last year. You were out on
the road 220 days through the end of August 2009 (91% in service) and
averaged 396 miles for each day you were out
.
Your maintenance expense for the first eight months of 2009 was $6,214 or
$0.071 cpm and your tractor supplies expense was $152 or $0.002 cpm.
Together your variable tractor expenses remain right in line with expectations.
Fuel costs averaged $0.322 cpm less fuel surcharge reimbursements of $0.177.
This results in a net fuel cost of $0.145 which continues to be a very good net​

fuel cost.

My revenue per mile for the year is $1.154 for all miles. This includes fuel surcharge.

 

Do you do much drop and hook? Getting tired of dealing with reefers and thinking of making a switch.