Nope. Truck and trailer payments, insurance, base plates, prepass, tolls, satellite radio, eld, maintenance, fuel. That all equals $0.88 per mile. Then add in what I withhold for taxes and it goes to $1.20 per mile. Not sure why I was thinking $1.22 a mile. I account for everything.
Schneider Choice load board for OO
Discussion in 'Ask An Owner Operator' started by REEFERman450, Jun 10, 2018.
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You know I just realized, I don't pay for or have to worry about cargo insurance because I move freight under another companies numbers, I think that might be where the confusion lies when people mention being able to make a profit off of anything less that 1.50/mile. If you're full independent, no way, I've heard cargo insurance rates are as much as a whole trailer. A lease opp doesn't have to pay up for that.
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For the sake of argument , please go to Mercer or Landstar.
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Let's take my numbers but throw out tax withholdings. It costs $0.88 per mile to run my truck. If I'm running for #1.50 a mile that leaves a profit of $0.62 a mile. Now to the company guy making $0.35 per mile that looks pretty good. Almost doubled the income. But not really. Now we have to pay taxes out of that money. My tax liability averages about $0.15 per mile. So now I'm at $0.47 a mile. Now part of this should be left in the business account so technically I wouldn't even get all $0.47 a mile.
If a guy had no truck payment and is debt free at home then this wouldn't be that bad.
I'm not talking about any company in particular either.
$1 a mile at 3k miles or 10k miles doesn't matter. No one is making money at that. -
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RStewart Thanks this.
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