Log in or Sign up

Some numbers for new O/O

Discussion in 'Ask An Owner Operator' started by DUNE-T, Aug 23, 2018.

Page 135 of 157

Tigerfishinc Light Load Member

Joined:

May 28, 2021

Messages:

81

Thanks Received:

138

0

Jubal Early Times said: ↑

Those are used engines. Well the one is a long block and one is “refurbished” who knows how well, even that will be 30 grand before it’s all said and done.
Click to expand...

Get real folks - I just did a cursory reply for settling a difference in opinion -
There are CATS, ISX DD’s MX etc out there - each engine having its own price point.
A b10 category engine would have done a million miles before it needs an overhaul- you should’ve saved up for repairs by that time. eBay is the last stop for the laziest to search for an engine!
We have now devolved into semantics- and the original topic was O/O - if you need help with an engine issue or replacement- let me know and I’ll try and point you in the right direction- or someone here who has the wherewithal- would do the same

Last edited: Jan 27, 2023

Tigerfishinc, Jan 27, 2023

#1341
Jubal Early Times Road Train Member

Joined:

Oct 17, 2022

Messages:

3,069

Thanks Received:

20,583

0

Tigerfishinc said: ↑

Get real folks - I just did a cursory reply for settling a difference in opinion -
There are CATS, ISX DD’s MX etc out there - each engine having its own price point.
A b10 category engine would have done a million miles before it needs an overhaul- you should’ve saved up for repairs by that time. eBay is the last stop for the laziest to search for an engine!
We have now devolved into semantics- and the original topic was O/O - if you need help with an engine issue or replacement- let me know and I’ll try and point you in the right direction- or someone here who has the wherewithal- would do the same
Click to expand...

You said that, that guy was crazy for suggesting that a rebuild would cost 30-50,000. You proved his point. A ####ty Craigslist rebuild is 20,000 just for the engine. You still have to pull the old one out and put the new one in. While you’re there you may as well do the clutch. Replace all the coolant hoses. And anything else that is suspect which is probably a fair bit at 6-700,000 or a million if you get that far. You will easily be at 30,000 probably even more.
And who tf actually does all that to just put an unproven unknown internet used engine in. And that only will save you about 5 grand.

you need to get real. And the original post was 5 years ago.

Jubal Early Times, Jan 27, 2023

#1342

Oxbow, Bean Jr. and Siinman Thank this.
Tigerfishinc Light Load Member

Joined:

May 28, 2021

Messages:

81

Thanks Received:

138

0

Jubal Early Times said: ↑

You said that, that guy was crazy for suggesting that a rebuild would cost 30-50,000. You proved his point. A ####ty Craigslist rebuild is 20,000 just for the engine. You still have to pull the old one out and put the new one in. While you’re there you may as well do the clutch. Replace all the coolant hoses. And anything else that is suspect which is probably a fair bit at 6-700,000 or a million if you get that far. You will easily be at 30,000 probably even more.
And who tf actually does all that to just put an unproven unknown internet used engine in. And that only will save you about 5 grand.

you need to get real. And the original post was 5 years ago.
Click to expand...

I guess I’m 5 years late to the party ol boy ! Knock yourself out with the rebuilds and the 80k mile oil changes! Your’e every mechanics wet dream! Loosen up - it’s ok - every one has their own methodology- I’m glad it’s working for you and if I need $30k or $50k rebuilds - I’ll be sure to hit you up.
For all the new O/o out there - if you’re willing to work - money is there to be made

Last edited: Jan 27, 2023

Tigerfishinc, Jan 27, 2023

#1343

Nova Scotia newbie and Nakobi Thank this.
Jubal Early Times Road Train Member

Joined:

Oct 17, 2022

Messages:

3,069

Thanks Received:

20,583

0

Tigerfishinc said: ↑

I guess I’m 5 years late to the party ol boy ! Knock yourself out with the rebuilds and the 80k mile oil changes! Your’e every mechanics wet dream! Loosen up - it’s ok - every one has their own methodology- I’m glad it’s working for you and if I need $30k or $50k rebuilds - I’ll be sure to hit you up.
For all the new O/o out there - if you’re willing to work - money is there to be made
Click to expand...

Do hit me up. You’ll be disappointed

Jubal Early Times, Jan 27, 2023

#1344

Oxbow, Slim51, JoeyJunk and 4 others Thank this.
Newtrucker123579 Light Load Member

Joined:

Feb 3, 2023

Messages:

70

Thanks Received:

10

0

DUNE-T said: ↑

There have been a lot of threads lately here and in Facebook groups from people wanting to start their own business. Here are some rough numbers to show how much does it really cost to run a truck.
Lets take a single O/O with new authority and a dry van trailer, who will run 100% brokered loadboard freight (thats how majority of people start out, right?). Lets say this guy (John) has a family and wants to be home every weekend to have somewhat normal life, so he will work Mon-Fr.
1. Truck payment of $1500 per month
2.Average truck/trailer yearly maintenance/repair bill is $25000, so lets say $2000 per month
3. Trailer payment $600 per month. Yes, you should get a brand new trailer. Running a used one will cost you the same or most likely more, when you calculate the repairs and downtime
3.Insurance for the first year will be $12-16k, so lets say $1200 per month
4. Driver salary (pretend you are an experienced company driver and you make $72k per year, so $6000 per month.
5. Fuel $5000 per month
6. Ifta, plates,parking, misc expenses $1000 per month
So we have $17300 in expenses. Now for being a business owner and all the headaches, you deserve another $1000 per week, which makes it $21300 per month, I will round it up to $22000.
$22000 per month, means you need to gross at least $5500 per week, or $1100 per day. You have to figure out lanes/rates and how to make that amount every 5 working days and be home for the weekend.
If everything goes smooth as planned, John will make $120000 per year and be a happy camper.

Of course things never go as planned. John takes time off to spend time with his kids, some repair downtime adds up and now gross revenue starts shrinking. John is lucky if he does all repairs at home, thats usually cheaper. Because if his 500k Cascadia starts having DEF problems on the road and a gangsta dealer charges him $6000 to fix it, on top of the $1000k towing bill, his maintenance/repairs budget starts having problems. Its not uncommon for a new O/O to dump $40k into his truck during each of the first couple years of ownership. The worst I have seen is complete engine failure and a few months of downtime. (happened to me too haha).

Now think if you have a tough enough skin to deal with shark brokers every day, make your revenue goals and deal with all the headaches of owning this business. Remember, in busy months you have to gross much more, than $5500, because in the slow season you might be working only couple of days per week and only do $2-$3k. It means you have to play constant poker games on spot market. You have to be ready to talk to 50 people per day, constantly hear "NO" for an answer, be very resistible to stress and be very efficient with time management. The first year you will be spending time learning lanes,you will make many mistakes, like taking 1500 miles load to Miami for $3500 and thinking its a great rate, or taking already late loads to grocery warehouses and sitting there for 3 days waiting to get unloaded, while getting paid $150 per day broker layover fee. Some of those mistakes can have you make a great big $0 profit at the end of the week.

Oh, also, if you are one of those people who just want to buy a truck and put a driver in it, think about all that and about your truck going down for a month and how you will be paying your driver to seat and wait while your truck is getting fixed. Also think about your driver not checking oil level, ####ing up the engine 1000 miles away from home, getting put out of service for some stupid reason, damaging the load, e.t.c and another 100 mistakes crappy drivers do, because being a new business, you will not be able to hire great experienced drivers, they usually already have good places to work at.

Some people will be lucky and have less expenses and some will be lucky to make more money, but you still will be around numbers posted above. Good luck
Click to expand...

How much would a person owning the truck with a driver profit on average?

Newtrucker123579, Feb 9, 2023

#1345
Newtrucker123579 Light Load Member

Joined:

Feb 3, 2023

Messages:

70

Thanks Received:

10

0

DUNE-T said: ↑

There have been a lot of threads lately here and in Facebook groups from people wanting to start their own business. Here are some rough numbers to show how much does it really cost to run a truck.
Lets take a single O/O with new authority and a dry van trailer, who will run 100% brokered loadboard freight (thats how majority of people start out, right?). Lets say this guy (John) has a family and wants to be home every weekend to have somewhat normal life, so he will work Mon-Fr.
1. Truck payment of $1500 per month
2.Average truck/trailer yearly maintenance/repair bill is $25000, so lets say $2000 per month
3. Trailer payment $600 per month. Yes, you should get a brand new trailer. Running a used one will cost you the same or most likely more, when you calculate the repairs and downtime
3.Insurance for the first year will be $12-16k, so lets say $1200 per month
4. Driver salary (pretend you are an experienced company driver and you make $72k per year, so $6000 per month.
5. Fuel $5000 per month
6. Ifta, plates,parking, misc expenses $1000 per month
So we have $17300 in expenses. Now for being a business owner and all the headaches, you deserve another $1000 per week, which makes it $21300 per month, I will round it up to $22000.
$22000 per month, means you need to gross at least $5500 per week, or $1100 per day. You have to figure out lanes/rates and how to make that amount every 5 working days and be home for the weekend.
If everything goes smooth as planned, John will make $120000 per year and be a happy camper.

Of course things never go as planned. John takes time off to spend time with his kids, some repair downtime adds up and now gross revenue starts shrinking. John is lucky if he does all repairs at home, thats usually cheaper. Because if his 500k Cascadia starts having DEF problems on the road and a gangsta dealer charges him $6000 to fix it, on top of the $1000k towing bill, his maintenance/repairs budget starts having problems. Its not uncommon for a new O/O to dump $40k into his truck during each of the first couple years of ownership. The worst I have seen is complete engine failure and a few months of downtime. (happened to me too haha).

Now think if you have a tough enough skin to deal with shark brokers every day, make your revenue goals and deal with all the headaches of owning this business. Remember, in busy months you have to gross much more, than $5500, because in the slow season you might be working only couple of days per week and only do $2-$3k. It means you have to play constant poker games on spot market. You have to be ready to talk to 50 people per day, constantly hear "NO" for an answer, be very resistible to stress and be very efficient with time management. The first year you will be spending time learning lanes,you will make many mistakes, like taking 1500 miles load to Miami for $3500 and thinking its a great rate, or taking already late loads to grocery warehouses and sitting there for 3 days waiting to get unloaded, while getting paid $150 per day broker layover fee. Some of those mistakes can have you make a great big $0 profit at the end of the week.

Oh, also, if you are one of those people who just want to buy a truck and put a driver in it, think about all that and about your truck going down for a month and how you will be paying your driver to seat and wait while your truck is getting fixed. Also think about your driver not checking oil level, ####ing up the engine 1000 miles away from home, getting put out of service for some stupid reason, damaging the load, e.t.c and another 100 mistakes crappy drivers do, because being a new business, you will not be able to hire great experienced drivers, they usually already have good places to work at.

Some people will be lucky and have less expenses and some will be lucky to make more money, but you still will be around numbers posted above. Good luck
Click to expand...

Also weird question but does anyone know the average time it takes to complete a 160mi box truck delivery?

Newtrucker123579, Feb 9, 2023

#1346
Long Haul Lumper Fee Bobtail Member

Joined:

Feb 1, 2023

Messages:

14

Thanks Received:

6

0

Newtrucker123579 said: ↑

Also weird question but does anyone know the average time it takes to complete a 160mi box truck delivery?
Click to expand...

Averaging 60 mph about 2hrs 45 min if not driving through major towns during rush hour

Long Haul Lumper Fee, Feb 11, 2023

#1347

Bean Jr. Thanks this.
Newtrucker123579 Light Load Member

Joined:

Feb 3, 2023

Messages:

70

Thanks Received:

10

0

Could a box truck complete multiple of these a day with Amazon relay?

Newtrucker123579, Feb 11, 2023

#1348
Superbrat Bobtail Member

Joined:

Jul 15, 2011

Messages:

36

Thanks Received:

17

0

Young_Gun said: ↑

Just curious, would it be wiser for someone who is in their first year as O/O to lease onto a company, and learn that way?
Click to expand...

I would not suggest a lease/purchase with a largish carrier.
Yes it can be done. But I’ve just heard too many horror stories. Please research that.
But if you have some money saved, yes I would advise running under someone else’s authority at first and using that experience to see whether you should get your own authority.

Superbrat, May 8, 2023

#1349

Bean Jr. Thanks this.
Superbrat Bobtail Member

Joined:

Jul 15, 2011

Messages:

36

Thanks Received:

17

0

DUNE-T said: ↑

There have been a lot of threads lately here and in Facebook groups from people wanting to start their own business. Here are some rough numbers to show how much does it really cost to run a truck.
Lets take a single O/O with new authority and a dry van trailer, who will run 100% brokered loadboard freight (thats how majority of people start out, right?). Lets say this guy (John) has a family and wants to be home every weekend to have somewhat normal life, so he will work Mon-Fr.
1. Truck payment of $1500 per month
2.Average truck/trailer yearly maintenance/repair bill is $25000, so lets say $2000 per month
3. Trailer payment $600 per month. Yes, you should get a brand new trailer. Running a used one will cost you the same or most likely more, when you calculate the repairs and downtime
3.Insurance for the first year will be $12-16k, so lets say $1200 per month
4. Driver salary (pretend you are an experienced company driver and you make $72k per year, so $6000 per month.
5. Fuel $5000 per month
6. Ifta, plates,parking, misc expenses $1000 per month
So we have $17300 in expenses. Now for being a business owner and all the headaches, you deserve another $1000 per week, which makes it $21300 per month, I will round it up to $22000.
$22000 per month, means you need to gross at least $5500 per week, or $1100 per day. You have to figure out lanes/rates and how to make that amount every 5 working days and be home for the weekend.
If everything goes smooth as planned, John will make $120000 per year and be a happy camper.

Of course things never go as planned. John takes time off to spend time with his kids, some repair downtime adds up and now gross revenue starts shrinking. John is lucky if he does all repairs at home, thats usually cheaper. Because if his 500k Cascadia starts having DEF problems on the road and a gangsta dealer charges him $6000 to fix it, on top of the $1000k towing bill, his maintenance/repairs budget starts having problems. Its not uncommon for a new O/O to dump $40k into his truck during each of the first couple years of ownership. The worst I have seen is complete engine failure and a few months of downtime. (happened to me too haha).

Now think if you have a tough enough skin to deal with shark brokers every day, make your revenue goals and deal with all the headaches of owning this business. Remember, in busy months you have to gross much more, than $5500, because in the slow season you might be working only couple of days per week and only do $2-$3k. It means you have to play constant poker games on spot market. You have to be ready to talk to 50 people per day, constantly hear "NO" for an answer, be very resistible to stress and be very efficient with time management. The first year you will be spending time learning lanes,you will make many mistakes, like taking 1500 miles load to Miami for $3500 and thinking its a great rate, or taking already late loads to grocery warehouses and sitting there for 3 days waiting to get unloaded, while getting paid $150 per day broker layover fee. Some of those mistakes can have you make a great big $0 profit at the end of the week.

Oh, also, if you are one of those people who just want to buy a truck and put a driver in it, think about all that and about your truck going down for a month and how you will be paying your driver to seat and wait while your truck is getting fixed. Also think about your driver not checking oil level, ####ing up the engine 1000 miles away from home, getting put out of service for some stupid reason, damaging the load, e.t.c and another 100 mistakes crappy drivers do, because being a new business, you will not be able to hire great experienced drivers, they usually already have good places to work at.

Some people will be lucky and have less expenses and some will be lucky to make more money, but you still will be around numbers posted above. Good luck
Click to expand...

A lot of great stuff here.
I’m an O/O. 13 years.
I don’t have enough posts to direct message yet.
My rates have collapsed. Leased on to another company. (Not lease/purchase, I own).
Would you reach out to me?
We might be able to help each other.

Superbrat, May 8, 2023

#1350

(You must log in or sign up to reply here.)

Page 135 of 157

Search