Some numbers for new O/O

what is a dry van exactly?

 

It's the van down by river, that's dry.

 

This was meant to quote the comment a guy made about using a scanner in the truck for documents. Not a sales pitch for the app. I didn't hit the quote button i guess. Sorry. Haha

.
Download the camscanner app on your phone. It works great.

 

Why is this post pinned? The OP basically takes every expense imagined, inflates it to a worst case scenario(i.e. Everything going wrong) combined with best case scenarios(i.e. taking the most time off and vacations) then adds household expenses and makes it all a fixed cost for the business.

Surely there is a post somewhere on this forum that provides real numbers applied to actual business accounting that would more accurately describe the costs a new O/O would encounter monthly or quarterly along with realistic expectations of rates and lanes to better describe the concept of owning a truck.

 

Because that's how it works in real life?
Feel free to post different numbers and share your experience

 

You can really break the categories down how you want but as far as the first year o/o expense total this is pretty accurate. Average expenses will be around 10k a month. That's not including paying yourself.

 

I’m in the process of buying a truck and going to pay cash. My emphasis is operating costs and keeping them as slow as possible. I’m in the ball park of paying $15k’ish for a 2007 or older FL with a Detroit 60 12.7. After I pay $15k’ish I’ll have about $50k leftover. To get it load ready I’m estimating $25k so that’s $40k’ish for a payed off truck. The $25k I have leftover will be for maintenance fund that I will build up. Not sure how much per mile I’ll dump into the maintenance fund but off the top of my head maybe 35 cents a mile.

I want to keep my CPM LOW and lean. I’m a micro manager whether that’s a good or bad thing. I’m the type that would calculate how much per mile for health insurance, CPM for this is that, CPM for ties fuel etc.

I’m wondering if I can get my CPM under a $1. Since we have no other debt I need to make $1k net in my pocket after every CPM.

What I’m researching too is I think a 100% complete Detroit series 60 rebuild would cost $25k? If that’s about right I’m looking into how much more I’ll need for other big repairs down the road so I can include that in my CPM or cost per day. I’m thinking I would be comfortable building that maintenance fund to $50k then scale down CPM for maintenance?

I’m taking my time because I want to have all my ducks...