Profit/Expense calculation per month. Is this right?

Discussion in 'Ask An Owner Operator' started by johnhawden08, May 18, 2022.

  1. johnhawden08

    johnhawden08 Bobtail Member

    9
    8
    May 18, 2022
    0
    This is per month basis.
    Per Month
    Truck Cost 150000
    Income +32000 (8k per week)
    Truck Payment 5000
    Interest 2000
    Insurance 2083.333333
    Maintenance 1000
    Driver payment 16000
    Fuel 1000
    Factoring Fees 200
    Tolls 200
    Permits 100
    LOAD Board 100
    ELD 50
    Profit 4266.666667

    Does this look right?
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. kay_ray

    kay_ray Light Load Member

    286
    567
    Jun 6, 2019
    0
    More like this
    Per Month
    Truck Cost used 150,000
    Income in this market 20k to 26k (5k to 7k per week)
    Truck Payment 3000
    Insurance minimum 2200
    Maintenance 2500
    Driver payment 8000
    Fuel 8000
    Factoring Fees 200
    Tolls 500
    Permits 100
    LOAD Board 100
    ELD 50
    Profit -200 if you make 22k
    1800 if you make 24 k
     
    Last edited: May 19, 2022
  4. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    5,690
    7,598
    Jan 20, 2010
    Hesperia, Ca.
    0
  5. kay_ray

    kay_ray Light Load Member

    286
    567
    Jun 6, 2019
    0
    He is going to haul oversize with a prius
     
  6. johnhawden08

    johnhawden08 Bobtail Member

    9
    8
    May 18, 2022
    0
    haha meant 10k. that would have solved the mystery. Was shocked on why i was on "good" profit. But ####, how do anyone make money in this industry then as O/O?
     
  7. kay_ray

    kay_ray Light Load Member

    286
    567
    Jun 6, 2019
    0
    Most o/o drive themselves. So that 8k goes into their pocket and we save money when rates are good for times like this. Some o/o do their own maintenance to save whatever they can .
     
    omardten Thanks this.
  8. F4T6UY

    F4T6UY Medium Load Member

    433
    1,331
    Oct 24, 2017
    Very South Texas
    0
    Where are you factoring for less than 1%?
     
  9. D.Tibbitt

    D.Tibbitt Road Train Member

    16,150
    104,219
    Apr 26, 2013
    Gettin' down westbound
    0
    By not working for below break even cost
     
  10. F4T6UY

    F4T6UY Medium Load Member

    433
    1,331
    Oct 24, 2017
    Very South Texas
    0
    Also, does your plan really call for paying yourself $16k a month - $200k a year??
     
    rollin coal and D.Tibbitt Thank this.
  11. TallJoe

    TallJoe Road Train Member

    6,669
    13,903
    Apr 12, 2016
    Chicagoland
    0
    $5000 for the truck payment?!
    $ 2083 for the insurance?!

    If so, this alone is too much to live off loadboard freight.

    To be at $32000 revenue, you need optimistically 9000 - 10 000 miles which translates closer to $10 000 in fuel. I don't know what type of freight is considered here but to stay at $3 per mile on a dry van for 10 000 miles per month has been next to impossible in the last 7-8 weeks.

    Tolls: depends where you go but if it is Chicago outbound. going eastward, they can get easily above $1000 per month.
    Maintenance: if this is one of those 500 000 mile trucks, $1000 is optimistic. Typically it is between $15000 - $20 000 per year.

    Shortly:
    Too much hope for so much revenue at this market and too big truck and insurance payments not to become financially frustrated.
     
    rollin coal and johnhawden08 Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted