Setting up my business expenses, what am I missing?

Ok, what I mean about percentage is, when you are leased on to a company and pulling their trailers, companies take out a percentage of your gross revenue to the truck. Generally somewhere between 10 to 15 percent. I would find out what costs are associated with running under his authority and using his trailers.

 

Precisely. If the boss' authority isn't set up for interstate, there's a reason he isn't doing it, or at least a reason to ask him why he's not doing it. Without knowing the details of your employer's business it is hard to guess. Who is he using now to move all this freight he is giving you? Is he going to fire them and give you all the business? Is the boss willing to sign a contract?

 

2.00 on ALL miles under his authority AFTER his cut would be decent. Anything less walk away. Like others have said he'd be doing it with his own if it was so profitable

 

Got any money in the bank or anywhere else? This is an expensive game to get into. Personally I wouldn’t go out and buy anything expensive enough to require you to finance it. Then you need money still to keep it fixed and running.

 

$1000.00 for insurance on a new authority ? Try about $2000.00 to $2200.00 a month and that’s not the down payment.

 

That's the info I'm needing, thank you.

 

Where are you located? There's a guy in my area selling an older CL613 daycab for a good price

 

NC

 

Yea that actually sounds more accurate at this point.

Only way to know for sure is to call several agents! The numbers are all over the place so call quite a few!

 

What prevents your boss from hiring another driver for local work?
Leaving you only the interstate loads?
Would you have to find other shippers?
Is OTR what you want?
What if the trailer needs repair and the boss doesn't want to fix?

Many questions.
Good luck