My numbers as an O/O leased to Crete

January 8, 2011

John, following you will find your December 2010 monthly financial statement.
The December numbers represent your final financial statement for 2010. They
should agree with Schedule C of your federal income tax return although there
may be some adjustment as additional income tax information is received.

In looking at the December financials, you are showing a Net Profit of $79,483 for
the year-to-date period. This comes out to $0.560 cents per mile and is based
on 142,026 paid miles. Your Net Profit increased $24,477 from last year due
primarily to improved productivity and less depreciation expense.

You are averaging 11,836 paid miles per month this year compared with 11,141
monthly miles you averaged last year. You were out on the road 320 days
through the end of December 2010 (88% in service) and averaged 444 miles for
each day you were out. By comparison you were out on the road 325 days last
year and averaged 411 miles/day. You were out 5 less days however, your daily
productivity improved by 33 miles/day resulting in 8,333 more paid miles in 2010
versus 2009.

Your maintenance expense for 2010 was $11,759 or $0.083 cpm and your
tractor supplies expense was $907 or $0.006 cpm. Together your variable
tractor expenses end the year in line with expectations and comparable with your
2009 cost of $0.093 cpm.

Fuel costs averaged $0.418 cpm less fuel surcharge reimbursements of $0.275.
This results in a net fuel cost of $0.143 which is a very good net fuel cost and
almost identical with your 2009 net fuel cost of $0.144.

Your tractor depreciation expense for 2009 was $9,280 or $0.065. You are in the​

fifth and final year of a five year depreciation schedule for your tractor.

I averaged $1.294 cpm for Dec. and $1.269 cpm for the year.

This may be the last posting of my financials as I am being forced to find another CPA. My current one has sold his business to ATBS. :smt022

 

Close to $80k in pre-tax pay and 45 days off. Not bad. Not bad at all!

 

congrats nice year for you hopefully your numbers double for next year lol
hope you get a new cpa and continue making your post the are so usefull
and lets the newbies know what there going in to.i like that you dont sugar coat all
your stuff and post all with facts

may god bless you and your family happy trails drive safe

 

John, I'm interested in the specs of your truck. I know it an international, sky rise. What year is it? and how is the maintenance on it? So far from the signature, it looks clean.

 

I hope you find a good CPA one that is good or better then the one you have had. I hope you will run far and away from ATBS they are bad news. I hope you keep posting your numbers.

 

U mentioned there r a few companies u would potentially do better with but not enough to make the jump. Which companies would those b? U have any thoughts on Mercer?

 

From my research, Mercer seems like a good company. Lots of drivers have good things to say about them. They'll keep you hopping, especially now while frieght is plentiful.

The thing you have to keep in mind is, should the economy slow, Mercer's freight could take a harder hit than van and reefer companies. But while freight is up, you stand to make more money at Mercer, i believe.

 

It is a 2007 with a 2006 Cummins ISX 435. The maintainance has been not to bad considering it is an EGR engine. All other components have worn at normal rates. Over all it has been a good truck.

 

Have you had a bad personal experience with ATBS?

 

The few that I would consider are, in no particular order, Bruce Oakley, Fremont Carrier Corp., and Schnieder National via their Choice Program. There are others like Cargil and Refrigerated Foods Express, but the problem with the later companies, and Schnieder as well, is that they pay on a percentage bases. And living in SOTEX I would take a tremendous hit in the wallet when it comes time to leave the house.

When I talk NET profit with an operator leased to any of the afore mentioned companies, or any other company, they the same as me. So the only reason for me to leave is for a better opportunity for home time, and living in SOTEX their all about the same with the exception of Oakley and possibly FCC.

I'm not to motivated to go to Oakley because there is some extra wear/tear issues due to the type of hauling (end dump). FCC I'm considering heavily if I can get regular hometime with productivity confirmed.

As for Mercer, or any other flatbed company paid on percentage, does not make economic sense in SOTEX. Besides,I'm not the flatbed type.