UPS FEEDER VS O/O

Discussion in 'Ask An Owner Operator' started by QotisFiya, Mar 26, 2021.

  1. QotisFiya

    QotisFiya Bobtail Member

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    Since were only limited to 8 hours per day with hub work, I’ll probably just get a 26ft Box Truck and do Amazon Relay or go OTR with my box truck for a little more money then what I’m making now. I’m in the bottom 10%, so I rarely been driving. I think it would make sense to do the Box Truck until work starts picking up where I’m actually driving a truck instead of working 8 hours unloading trailers. We have the option to pass on hub work. These 5 to 600 dollar checks aren’t cutting it. We had a deal that fell through with UPS. UPS was suppose to turn 57 people into sleeper teams in our local, but we only end up turning 27 people into sleeper teams in our local. The only reason we was hired off the street was for that reason alone. Now it’s dang if you do, dang if you don’t . Doesn’t matter to anyone else cause they’re getting their money. That’s what I’ll probably end up doing, buying a Box Truck with my own authority and just ride it out until peak season come back. Keep the job of course. Of Course while following DOT regulations and hours of service, then just work on Friday’s cause that’s the only time we actually get to drive. Im past my 90 days, so I should start getting my benefits soon. My girlfriend got hired with me, I told her she should wait it out, if they have a sleeper team bid open we can do that since she has more seniority, But you know women. She’s complaining that she has to work the hub lol. She’s trying to find others trucking jobs as we speak, I get it. But a sleeper team with both of us would be insane money we could make.
     
    Last edited: Mar 28, 2021
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  3. ready2truck

    ready2truck Light Load Member

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    But I'm not trying to figure anything out though, mr. Garrison.
     
  4. asphaltreptile311

    asphaltreptile311 Road Train Member

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    Screenshot_20210328-191800.png
    That's gross before taxes . Being a owner operator ain't about the money
     
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  5. jinxutoo

    jinxutoo Light Load Member

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    Those numbers are not right.
     
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  6. asphaltreptile311

    asphaltreptile311 Road Train Member

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    Why not ?
     
  7. jinxutoo

    jinxutoo Light Load Member

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    Well, in the upper lefthand corner of your graph it says " net income " you state " gross income" in your statement.
    I have a one truck operation and I don't have a magic system in place, but I net more than double the numbers on your graph and gross a whole lot more than that.
    Now, when I visit the accountant, I het those numbers as low as I can as any business owner does.
     
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  8. asphaltreptile311

    asphaltreptile311 Road Train Member

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    I meant gross after expenses but before taxes . Like he grossed 67k before child support got his nutz . I got the article from overdrive magazine I'd imagine it's pretty spot on.
     
  9. asphaltreptile311

    asphaltreptile311 Road Train Member

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    If you are netting 120k + after taxes that's just about unheard of
     
  10. Dino soar

    Dino soar Road Train Member

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    No, no, no, no again.

    Gross means nothing. Equating gross to being profitable is the same as seeing someone driving a Corvette down the street and you say well they must make $250,000 every year if they have a nice car like that. Or you see a wife in diamonds and Furs and you say well the husband must have millions and millions in the bank.

    And for the record there are plenty of people that are massively in debt that drive Corvettes and there are plenty of men without a penny in their pocket that work to keep their wives in Diamonds and furs. And there are plenty of businesses with nice shiny new trucks rolling up and down the road that in the snap of a finger they will go bankrupt because you can't see what's going on in their books.

    I'm not trying to knock you but it's an exercise in stupidity to look at gross income. And as the rates go back down the gross income will go down. The only number that means anything is net income.

    So owner operators are putting 5 and $6,000 a week into their pocket and they have no truck payments and they have no insurance payments and they have no breakdowns and fuel is free and the truck runs 52 weeks a year and they're all making three hundred and something thousand dollars right? And I guess they're home every night to be with their family too, right?

    And I guess somebody subsidizes and pays for their health insurance and pays them several weeks a year vacation... and some magic Genie does all of their paperwork and truck repairs and scheduling and billing and paperwork and everything else that goes along with it.

    The point I'm trying to make is if you want to be an owner operator you do it for the lifestyle. You figure you're going to earn a reasonable living and within that you can try to raise it and find where the money is and do the best you can but you don't say oh I think I'll get rich there so let me go do that! You do it because that's what you would enjoy doing and then you work on finding the money. But if the huge money doesn't come which for a lot of people that does not, you're doing something that you like to do and that's the reason for it.

    If an owner operator attempted to pay himself $42 an hour for every single solitary hour that he worked he would be bankrupt instantaneously.

    So $42.50 an hour is $1,700 a week at 40 hours in a week. I don't know if they work overtime or give you a differential for weekends or whatever else but I highly doubt there are any owner-operators that work exactly 40 hours a week and make that amount of money and get paid holidays and medical insurance and all of that sort of thing.

    It's your decision.
     
  11. jinxutoo

    jinxutoo Light Load Member

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    One needs to know more details about the information used for the graph.
    Are the people questioned for statistical reasons sole proprietor or s-corp or something on those lines?
    Those differences could make the numbers alot lower. I just know what my numbers are and they are alot different.
     
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