Unprofitable O/O - Canadian

Hello,

I don't know whether this is the right place to put this thread of the Canadian Section but anyways, I need some help. I currently have 3 trucks with carrier pulling containers daily, from Montreal Port - Toronto Ontario. My drivers are awesome, love the work and are making decent money. However, I cannot drive truck for few months now because of a recent Big surgery. After many calculation by myself and my son, we noticed that we still are not making any money from the three trucks. The trucks are consuming too much diesel and in the end, I am making monthly truck payments (for 2) out of my savings. I contacted LandStar and Loadlink for some information, and if there is any path to turn this unprofitable business into a profitable.

Please everyone, I will be grateful for any help as to what options i have besides selling the truck. And I had own authority once but now i don't and i am a total newbie when it comes to loadboards.Therefore, a kick in the back will be needed as my first step and if you guys can tell me what i have to do. I am okay with working with flatbeds as well.

Thank you.

 

I agree with you, and brought in my son to figure it our for me. I had trucks in another company before and was making good money. That was not container work. At this new company i am getting decent miles and pay is decent too but between 65%-70% of my Gross is going towards Diesel, and that is hurting me a lot. For example, 1 truck did $25000 of work, and consumed $18000 of diesel.

 

My trucks are averaging 450 litres to a 690 (average) mile trip. Discount fuel from the company is $1.35 litre. So with taxes being added to the fuel, it words out to be $0.88 . Sometimes heading to Montreal its empty and return its always full. Difference of pay between empty and full is $0.20.

 

Looking at my last 2 week statement for example, one driver made 6.5 Trips to Montreal (690 miles each). With fuel surcharge, we made $6900. Paid $4800 in fuel, and $2000 to my driver. The only portion is saved is HST rebate fro fuel and drivers pay.

I want to look at other options and be independent with own authority, i dont see any decent margins being an O/O with driver