Not sure I'm a good judge. I used to own a construction company, and then I put 15 years into the oilfield. After 11 hours, I'm just getting ready to put in another 11. My average miles per day is just over 400. But that's because of so much sitting time. When I'm driving, I try to get as close to 11 hours as possible, and right around 700 miles if I push at max speed.
I'll take it. Not very often someone corrects my grammar. I'll edit my post.
I see. You're running shorter radius. That's kind of what my numbers looked like when I ran the NE exclusively. I stretched out this time. One of my trips was from North of Seattle all the way to Cape Cod.
Rate my month! How did I do as an Owner Operator?
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Before I give my input, you're doing great!
I did 38k. But only did 9k miles. 4700 n fuel. I'm running south and midwest. Flatbed.
I see you're doing the longer trips. I do short jumps. My average trip is 400 miles. So I'm dropping off and picking up every single day.
Sounds like me when i decide to actually work, got a run coming up that im going to have to push pretty hard to get done, guy had at least 2 loads, he asked if i could pick on a friday, and then be back on the immediate tuesday for another, sounds fine till you realise its Tennessee to washington state.
Dont get me wrong, im going to try to make it back and do another turn, but it wont be THAT fast, thatd be 55 mph without stopping for 96 hrs straight 0 stops, im not a team driver, and even if my needs for sleep arent huge, i need better than 0 hrs every 4 days
Clearing $1000/day after fuel cost is good. Doesn’t matter how you get there. Long trips, short trips, combination, hourly, no right or wrong way. All kinds of ways to mix it up, and average out.Last edited: Sep 16, 2021
You sure have a pretty month there, driver. You see that log?
I think everyone else had hit the nail on the head already and I agree. IMO, if you're hitting your day rate after expenses and don't feel like you're running yourself into the ground then you're doing good. Anything less is uncivilized.
Get as much as you can now so when the market flips you'll be sitting pretty and won't have to turn the key at all unless it meets your financial requirements.
@blairandgretchen I still had a lot of start up cost and maintenance roll into this year, so my cost vs revenue is all out of whack. Right around the dead opposite of what you're doing. Probably closer to 25/75 all told. Plus I've been pretty lazy (taking into consideration I'm a start-up, so I should be burning the midnight oil), so I haven't made that much money this year. I can turn that around in the next few months, but I've only grossed $145k this year. Since I've been in business, I've spent almost $120k, and only made $156k. That does include fuel, insurance, and the cost of truck and trailer. I'm thinking I can get cleaner metrics starting next year.
For example, I'm currently building a tarp rack. I've also got 95% of the stuff I need to convert to factory dual stacks. Then I'm putting on a headache rack, and getting rid of my bulkhead. That's a lot of cost that I won't have on the books next year. Not "regular maintenance" stuff. Do you guys categorize it differently when you figure your cost per mile, or do you just roll it all in? Reason I'm asking, is I don't have to put on a headache rack and remove the bulkhead. Truck makes money fine without it. But if I drop five grand in tires, well I have to have those. See what I mean? Do you put that kind of thing against your profit per mile from a metrics standpoint?Last edited: Sep 16, 2021
You might not have the same expenses next year as you did this year but you sorta need to factor that in anyway
If not needed. Bonus
Something is going to want some of that revenue
Plan on restarts as the norm and if you can run without them and bumping your clock then that’s a bonus
Something usually will pop up
As it looks. You’re on the right track
If you keep track of your expenses and categorize them well as to what exactly $ went to, after a year or 2 you should be able to tell at a glance about how much youre going to need to set aside for maintenance etc.
The lazy mans calculation is to take a new truck $ amount and divide 750-1 million miles by your yearly running miles, save any of the amount you dont dppend on payments/maintenance, so lets say 100k miles, 150k truck, 750k miles expected, thats a 7.5 year payoff, so 20k a year in operational maintenance, 1666$ a month.
Some months itll just be an oil chg, but 4 months of that and you drop a diff input... not ahead but not behind.
My truck is older and 6 years of on average 1.5k a month. Im always finding ways to dump money into her.
Happily much of the early stuff was tools i dont have to rebuy and an inframe
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