The journey begins - purchased a truck.

Discussion in 'Ask An Owner Operator' started by blairandgretchen, Dec 10, 2014.

  1. blairandgretchen

    blairandgretchen Road Train Member

    9,483
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    Dec 9, 2011
    South west Missouri
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    Actually - there's a ton of points in there to reflect on.

    A poster on another thread PM'ed me with the comment "I made it through the first 2 pages of your thread, but I ain't got the time". I looked to see a 1,033 message count on the thread, and I kinda get it, but - in the internet age where you actually have access to years of experience, but you can't be bothered absorbing 2% of it before jumping in . . .

    It always bothered me that folks wouldn't share honest information. I applaud members who offer real figures - no matter at what level. I understand that some don't want to trade that information, but I became quickly tired of snippets and lunch counter stories. Show me and recite to me figures from months/years/averages/growth etc., without ego. We'll all learn. We should all know - like you say - down to the penny, where we're at.

    I saw an email today limiting me to a 1,000 mile exemption. The 3 day pass is gone. Previously this week the CAB5 (?) rule that will affect many LS guys residing in CA. I hear you on CA - the fact you've seen it erode at net profit gradually over the years speaks volumes.

    On the 'big number' front - I watched a couple of guys run 14' wides from SD to NV. Started with a $14k price tag on LS's board. Through various forms of mis management, one wound up with $1.50 all miles after DH to and from the job, the other not too much better. $8k to the truck for 2 weeks work and a bunch of miles, well - it's revenue, but it's not exactly profitable, depending on one's definition of that.

    Kudos to you for having run a successful operation for many years. Sad to hear that you're considering winding down operations - I wonder where the industry will head as a whole in years to come.

    The echo of 'finding good hands' is almost deafening these days. I ran a couple of hours with a guy that spreads lime, he was liming my field - same story - looking for a guy he could trust to run a chicken poop spreader, but nervous.

    My mechanic let 2 guys go and headed back into the shop after discovering his charge out to hours paid ratio was at 50% -not the 70% it needs to be to remain profitable. That, and the amount of re-work and warranty/wrecker bills to pay (because he's honorable).

    If I could clone myself I'd be into all kinds of things.

    I should probably focus more on maximizing myself.
     
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  3. blairandgretchen

    blairandgretchen Road Train Member

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    Dec 9, 2011
    South west Missouri
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    Now I know where you hide out, I'll take you up on that next time I get out that way.

    One came a little closer today - 9'1" wide KC to your home 20. His selling point was "Almost $5/mile" on the LS board.

    $3.75 TTT divided by 2 (round trip) is $1.875 , then the deadhead . . . permits . . . you know the rest of the story.
     
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  4. starmac

    starmac Road Train Member

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    Apr 11, 2019
    Fairbanks Ak
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    The first year I pulled hot oil tankers I pulled in just a hair over 5 bucks for all miles that summer, sometimes pulling doubles. Every year was a little less, until the last year when I started we were finishing a job we had started on the summer before, that I pulled 2 loads a day for 2800 a day, they decided to pay hourly on that job. I pulled it 2 days at 135 an hour, pulling doubles of hot oil grossing 151,000, paying hazmat insurance for 10 bucks an hour less that what I could get to drag a side dump around town, burning 50 gallons of fuel a day. I just couldn't do it any more, even knowing there would be better jobs as soon as I finished hat one. lol
     
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  5. Blu_Ogre

    Blu_Ogre Road Train Member

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    Jul 14, 2013
    Chasin the $ out west
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    I think your doing all the right long form math there....... Going to post up a simplified version of how I ran and looked for loads.

    Running a van I did simple math. I wanted to see a net to the truck of about $750 per day that I was not sitting on my sofa.

    My net average to the truck was 75% of booked freight value. ( Line haul at 72% because it was my trailer + the FSC and accessories at 100% yielded 75% of gross revenue)

    If the load did not pay $1k per day or set me up to average $1k per day I was not overly interested.

    For the OS/OD crowd I would expect that to be more along the lines of $1k per day + permits, escorts, and other "off the top" costs.

    The per day costs break down to $200 to the driver, $300 in fuel, $150 for truck payment and maintenance, and $100 for insurance, plates, and the other charges pulled out of the settlement.

    You all are bright enough to fill in the blanks or create new ones if needed.

    But that was how I ran it.
     
  6. double yellow

    double yellow Road Train Member

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    State of Jefferson
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    Would make a nice escort, right? Has to have more range than that Ford Focus you fired...
     
  7. 062

    062 Road Train Member

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    Ready to go back trucking? The rates are crazy:rolleyes:
     
  8. double yellow

    double yellow Road Train Member

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    State of Jefferson
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    Ha, I do miss it at times (usually when dealing with tenants). But then I see Hendrickson & Celadon going bankrupt right in the peak of the Christmas rush and think twice...
     
  9. 062

    062 Road Train Member

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    I’ve thought about doing the rental deal. Normally I lay down until I feel better, but sometimes I’ll start looking at the price of cabover’s.
     
  10. Tug Toy

    Tug Toy Road Train Member

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    Jul 4, 2015
    Corn field
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    Well well we’ll, look who the cat dragged in?

    hope all is well for you?
     
  11. double yellow

    double yellow Road Train Member

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    State of Jefferson
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    Long term/big picture, I think rentals can be a great way to build wealth. It is just that in the short term you're often dealing with the consequences of other people's poor life decisions.

    Is that what caused you to sell your rentals Blair?

    It is, it has been a very busy year for me. Last November a wildfire destroyed 14,000 homes in a neighboring town which has caused demand in my city to skyrocket to the point I've often got twice as many people living in a unit as it was designed for. Let's just say the plumber and I are now on a first name basis...
     
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