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

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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.

 

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...