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profit

Discussion in 'Questions From New Drivers' started by Chicago123456, Apr 22, 2022.

Page 1 of 4
  1. Apr 22, 2022 #1
    Chicago123456

    Chicago123456 Light Load Member

    67
    22
    Nov 27, 2020
    0
    lets say you book 700 mile load at $3 per mile. lets say your cost of operations is $1.3 per mile (all in gas, insurance ifta etc). lets say you pay 2.5% for factoring and 7% for your dispatch service..from gross of course
    would you know how much % profit do you give away ?

    lets say you have a driver and cost of operations is say $2 a mile. what's the % profit do u throw in the garbage in this situation ?

    lets do some friday number crunchy times...
     
    Chicago123456, Apr 22, 2022
    Chicago123456, Apr 22, 2022
    #1
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  3. Apr 22, 2022 #2
    Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

    9,302
    29,928
    Jan 20, 2010
    Hesperia, Ca.
    0
    Plenty of threads on factoring numbers………
     
    Diesel Dave, Apr 22, 2022
    Diesel Dave, Apr 22, 2022
    #2
    bumper Jack Thanks this.
  4. Apr 22, 2022 #3
    Chicago123456

    Chicago123456 Light Load Member

    67
    22
    Nov 27, 2020
    0
    this has nothing to do with factoring numbers. i am talking about overall profit on operation.

    do u realize that 2.5% factoring costs you actually 7.5% if your cost per mile is $2 in the above example ?
     
    Chicago123456, Apr 22, 2022
    Chicago123456, Apr 22, 2022
    #3
  5. Apr 22, 2022 #4
    tscottme

    tscottme Road Train Member

    14,833
    28,727
    Jul 25, 2008
    Somewhere out West, in my mind.
    0
    It depends, how many henweighs?
     
    tscottme, Apr 22, 2022
    tscottme, Apr 22, 2022
    #4
    LtlAnonymous Thanks this.
  7. Apr 22, 2022 #5
    Big Road Skateboard

    Big Road Skateboard Road Train Member

    6,727
    37,860
    May 2, 2021
    0
    693$, that's how much
     
    Big Road Skateboard, Apr 22, 2022
    Big Road Skateboard, Apr 22, 2022
    #5
  8. Apr 22, 2022 #6
    Big Road Skateboard

    Big Road Skateboard Road Train Member

    6,727
    37,860
    May 2, 2021
    0
    You're that good at math, why are you asking us?
     
    Big Road Skateboard, Apr 22, 2022
    Big Road Skateboard, Apr 22, 2022
    #6
    Coffey, Last Call, tscottme and 1 other person Thank this.
  9. Apr 22, 2022 #7
    sealevel

    sealevel Road Train Member

    2,664
    10,282
    May 31, 2012
    U.S. 41
    0
    At 3 bucks a mile, factoring, paying a driver along with 5 dollar fuel, I figure you would be out of business before the IRS caught your 1099 scam. You haven't even figured for breakdowns of the jalopy you bought. That's my Friday crunchy time
     
    sealevel, Apr 22, 2022
    sealevel, Apr 22, 2022
    #7
    Kenworth6969, Coffey, Last Call and 8 others Thank this.
  10. Apr 22, 2022 #8
    welldigger00

    welldigger00 Light Load Member

    186
    1,504
    Jan 18, 2022
    0
    welldigger00, Apr 22, 2022
    welldigger00, Apr 22, 2022
    #8
  11. Apr 22, 2022 #9
    Stone Express

    Stone Express Medium Load Member

    345
    481
    Feb 26, 2013
    0
    Shoot the works and hope you die rich before you go broke. That is Friday night factoring and a good business model.
     
    Stone Express, Apr 22, 2022
    Stone Express, Apr 22, 2022
    #9
  12. Apr 22, 2022 #10
    Brettj3876

    Brettj3876 Road Train Member

    11,257
    54,060
    Nov 18, 2014
    Land of local
    0
    This was mine. The crust was crunchy

    [​IMG]
     
    Brettj3876, Apr 22, 2022
    Brettj3876, Apr 22, 2022
    #10
    PSM379, Midwest Trucker, Coffey and 7 others Thank this.
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