Truck Load Rates Halt 8 Week Slide 2.0

@Dino soar
I just think that with time and enough observations we are able to judge based on a gross alone what that gross means. It gives us not only a rough idea of how much that person made but also how hard he worked. We can do it because we presume all other things to be at some recognizable levels. For instance, if someone runs a dry van regionally or OTR on the spot market, it should be more or less easy to guess what his numbers are. Presumingly.
By the same token, if someone says that he generated $280 000 with a dry van in year on a spot market...I'd prefer to respectfully clap my hands to applaud and congratulate rather than dismiss it entirely but I'd have some reservations nonetheless.

 

Joe I am not at all saying that you are incorrect.

I just do it differently.

Myself every load I do I figure what it will cost me in fuel and tolls and that is the profit. From that the fixed expenses are paid and my salary and whatever else.

The reason why I don't like gross is that let's say we're looking at a load for $2,000. Some would say that is $2,000 of Revenue.. I don't see it that way.

For myself a $2,000 load could be something you make a lot of money off of, or a $2,000 load could be a 2000 mile load that you make a dollar a mile or you make $0.50 a mile.

So for me if I say the load paid $2,000 but I'm making x amount after Fuel and tolls, that's my number.

And my loads are shorter loads so I really don't figure a cent per mile cost the way that guys that run longer distances do. I figure a rate per day.

And that's just the way I run my little short run operation here.

I'm not at all saying you are incorrect.

That's just not how I do it.

 

I noticed that you listed your health insurance cost as a line item.
This reminds me of something I need look into fast.

I buy my insurance through Obamacare. It is Blue Cross Blue Shield of Illinois and it costs me $750 per month after tax credit. The entire insurance coverage price is $1400 for myself and my wife and the kid was redirected by Obamacare to the State Program which is called here All Kids for which I pay additional $40.

Due to the fact that this year my business profit is much higher and also my rental property pending sale will increase my personal income, I am likely to lose a large portion of the tax credit, if not all of it.

I need to look at a possibility to include health insurance as a line item too. It probably varies from a state to state but I need to learn if in Illinois it is possible to purchase an insurance as a 1 person corporation and then insure myself and the family and mitigate the increased costs by shifting it into the business side.
I'll speak with my current tax preparer first.

 

I don't know about anyone else but I think anyone that goes into this right now has got to be completely mentally insane.