O/O Journey, Numbers and Updates

Discussion in 'Ask An Owner Operator' started by Jed2009, Feb 4, 2022.

  1. Midwest Trucker

    Midwest Trucker Road Train Member

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    He’s probably running “out and backs” and came home empty a lot to get his next load. It’s hard to maintain being loaded both ways, and being home every night unless you have a support truck running. Well you can’t have a support truck running if your only running one truck that’s on the money so to speak.

    Running a small radius is saving a lot of insurance at least.
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    @OP I’m glad your doing well. Your numbers look exactly like I’d expect them too. I could probably guess the city you’re based out of.

    Your timing was perfect but do remember it would be hard to be successful if rates hit a bad patch and especially if there was a standard 2 year downturn plus maybe an engine overhaul on top of your normal maintenance.

    Right now your likely getting near round trip price of “normal times”. This is allowing you so much DH. When a load was paying $450 thats now paying 800 to $1000 then your going to be in trouble if it goes back to even $500

    Keep up the great work though, these points are just food for thought. Save, save, save!
     
  4. Brettj3876

    Brettj3876 Road Train Member

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    What he said.

    If you have a steady outbound load that you can do everyday and still coming back empty for 3.50 or better on ALL miles it's worth it. 1250-1500 a day with 50% empty miles is nothing to squak at. No surprise headaches, get empty and head back to reload.

    We try and keep 1 truck on something steady like that and the other truck put rounds together loaded both ways
     
  5. Jed2009

    Jed2009 Light Load Member

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    For sure it’s a lot of DH. Most of my revenue is from two dedicated contracts that pay round trip. They are understanding of small truck operations so there’s no minimum commitment, the downtime is typically minimal (15-45 min avg load or drop) and the pay is fair. In turn I keep my truck available and don’t try to add a broker load “on the way back” because I need to put those guys first.

    Thanks for the input! I appreciate it and see you’re from Midwest, I always make sure to read your posts when I see them. I know I’m lucky to have these high rate times. More so lucky that I have two solid contracts that are my primary way to get miles - around 80% I’d say. These have weekly adjusting fuel surcharges and rates that are written in as not able to fluctuate downward. One of them actually jumped up 45 cents unexpectedly this summer.

    When I started in 2020 I made about $1.55 on all miles, whereas 2021 came out at $2.37, so I definitely felt a bit of “just squeaking by” when I was new.

    Either way though, I know things go up and down a lot and stuff can get ugly quick. I am a big saver and won’t feel ok until I have at least $100k saved up. And even then I won’t stop saving!
     
  6. Beaver9

    Beaver9 Medium Load Member

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    Then it would be more shocking to you. I head empty since during the Pandemic my lanes disappeared going back home. I would run elsewhere but I have my customers like the OP here. I still survive.

    But with paper logs a lot is possible too. :)
    I am using e-logs. And these keep me grounded. Not possible to come early every day.
     
    Last edited: Feb 5, 2022
  7. Beaver9

    Beaver9 Medium Load Member

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    I don't know if we will know the rate the OP is running for.

    I need to prepare taxes for next month, so I want to see how much was spent on parts and maintenance last year and maybe I will compare my numbers once I prepare the data.
     
    Last edited: Feb 5, 2022
  8. cgilliland

    cgilliland Medium Load Member

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    why wait till year end tax time to figure out where we are? i hear this all the time? wouldn't we know where are all the time? take every category divide by 12 review every month
     
  9. Beaver9

    Beaver9 Medium Load Member

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    There is only one driver. Everything is in files. I often keep receipts in my truck or with monthly IFTA. My wife would go crazy if I would hand her every single receipt after each trip and every expense. So, these are kept in files. Then all added. No big deal. I run for myself, so I know the spendings. My wife sees the spendings. It's just easier that way for us. And nothing that way is overlooked. You would be surprised how small things add up though. It's not only the big things like fuel, insurance, maintenance. That way we're not overlooking anything. Nice deductions at the end. It's done right. And everything is categorized. And then just added into a spreadsheet. My tax accountant was impressed.
     
  10. Lucastookis

    Lucastookis Bobtail Member

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    I understand now. I have OTR tunnel vision. Doing it so long it's about all I know and all I do. Just run the DAT Load Board all over the country. I don't limit myself to anywhere in the country (other than Florida of course) and I am out for 3 weeks, back home for one. I didn't even think about the out and backs.
     
  11. cgilliland

    cgilliland Medium Load Member

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    nice, sounds like a good system
     
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