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My numbers

Discussion in 'Ask An Owner Operator' started by haider99, Nov 29, 2016.

Page 1 of 3
  1. Nov 29, 2016 #1
    haider99

    haider99 Medium Load Member

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    Mar 19, 2014
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    Hello,

    I will be starting own operations in the New Years and put together my numbers to see how much I have to make in order to break-even. If there is anything I am missing on, please let me know.
    Also, please keep in mind the expenses are in Canadian Dollars and Cent/mile is based on 10,000 miles per month. Hauling dry van and I believe most of the revenue will be in USDollars.

    Truck Payments:
    On a 2012 year truck: $1300/ month = $0.13/mile
    Driver pay: $0.44/mile + 28% for CPP, EI and taxes = 0.57
    Fuel: $0.55/mile
    Tires: 3000/3 years = $0.10
    Maintenance: 1000 per month = $0.10
    Road and Permit Fee's = ???
    Insurance= $0.13
    Broker Fee's for Loadboards = 300/month = $0.03
    Trailer Rental until I purchase one: 0.20/ mile
    Total: 1.81

    Are my numbers realistic or too high?
    Thanks
     
    haider99, Nov 29, 2016
    haider99, Nov 29, 2016
    #1
    TallJoe Thanks this.
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  3. Nov 29, 2016 #2
    Ridgeline

    Ridgeline Road Train Member

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    Michigan
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    What happens if you can't make 10k a month?

    How much does your numbers change for say 8k or 6k?

    Oh and if we have broker's fees, we take them out of the front end of the load, not the gross revenue received.
     
    Ridgeline, Nov 29, 2016
    Ridgeline, Nov 29, 2016
    #2
  4. Nov 29, 2016 #3
    flood

    flood Road Train Member

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    Dec 25, 2010
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    Remember that you will not get 10000 miles every month.... breakdown. hometime....

    You have 2 types of experiences
    1st is fixed... things that must be paid if the truck moves or not.... truck payment ect..
    2nd variable expenses.... fuel...ect.

    What will your numbers look like if you only get 7000 miles...?
     
    flood, Nov 29, 2016
    flood, Nov 29, 2016
    #3
  5. Nov 29, 2016 #4
    Ubu

    Ubu Road Train Member

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    Set up a spread sheet with the actual costs and a field where you can ender in different mileage numbers to see how it affects your numbers based on the mileage.

    OOIDA has a few spreadsheets you can download at http://www.ooida.com/EducationTools/Tools/ to give you a start.
     
    Ubu, Nov 29, 2016
    Ubu, Nov 29, 2016
    #4
    TruckDrivingtn Thanks this.
  7. Nov 29, 2016 #5
    haider99

    haider99 Medium Load Member

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    Mar 19, 2014
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    I put together a spread sheet. My total costs seem very high. $1.80/mile CAD
     
    haider99, Nov 29, 2016
    haider99, Nov 29, 2016
    #5
  8. Nov 29, 2016 #6
    DUNE-T

    DUNE-T Road Train Member

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    May 10, 2015
    Detroit, MI
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    That 2012 truck can put you in a poor house. What are you planning to buy?
     
    DUNE-T, Nov 29, 2016
    DUNE-T, Nov 29, 2016
    #6
  9. Nov 29, 2016 #7
    Ubu

    Ubu Road Train Member

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    That’s $1.34/mile in US dollars.

    It’s very high unless you are including paying yourself with your calculations.
     
    Ubu, Nov 29, 2016
    Ubu, Nov 29, 2016
    #7
    TallJoe Thanks this.
  10. Nov 29, 2016 #8
    haider99

    haider99 Medium Load Member

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    Mar 19, 2014
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    A volvo D13.

    We have been using Volvo's mostly over the past 12 years in this industry.
     
    haider99, Nov 29, 2016
    haider99, Nov 29, 2016
    #8
  11. Nov 29, 2016 #9
    haider99

    haider99 Medium Load Member

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    Mar 19, 2014
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    I will be paying a driver. $0.44cent/mile + 28% for CPP, EI and Taxes.
     
    haider99, Nov 29, 2016
    haider99, Nov 29, 2016
    #9
  12. Nov 29, 2016 #10
    TruckDrivingtn

    TruckDrivingtn Light Load Member

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    Sep 8, 2016
    Maryville Tn
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    [

    OOIDA has a few spreadsheets you can download at http://www.ooida.com/EducationTools/Tools/ to give you a start.[/QUOTE]


    Wow looked at there spread sheets played with numbers scary stuff right there at today's current rates...
     
    Last edited: Nov 29, 2016
    TruckDrivingtn, Nov 29, 2016
    TruckDrivingtn, Nov 29, 2016
    #10
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