What is an hourly income for an owner operator business?

I see you are a student so I will be kind. The only time you should worry about the rate per hour is when it concerns demurge time. From there on out, it is rate per mile! Not how many miles you run per week, but rate per mile. My goal (which I seldom reach) is $5,000 a week on 500 miles. (Fact is I never reach that goal but it isn't for lack of trying).

 

Who cares ... you never count the hours when it comes to your own business, it is childish to think in terms like that.

 

Yep, nailed it.

 

After another long day of busted knuckles dealing with maintenance issues I'm guestimating I made around -$50.00 an hour give or take. Just another day in.paradise baby!

 

thanks rollin coal. i didn't know i was inspiring anyone. glad you have found my post usefull. just the nature of the work i do being hard on equipment and the fact shops around here are always back logged sometimes taking up to a week before they can even look at your truck dictates that i do much of my own repairs. I have a background in mechanics but not so much heavy truck mechanics. every once in a while i find myself outside of my comfort zone on repairs but normally ends up going without a hitch once you get in there the anxiety caused by well iv never done this repair not sure if i know what im doing goes away. the more you do the more you feel comfortable doing, and its good to push your comfort level a little now and then

thanks for the tip on ken tool, i just checked there products out on e-bay i will be ordering some tire tools soon.

I don't think ill be doing my own in frames any time soon, hopefully i won't be needing to in frame any thing soon either though...lol I like the shop really makes things much nicer and gives me the ability to tackle much larger repairs than i could otherwise. of course the cost of the shop does kinda kill a lot of the cost savings of doing your own repairs but for me its as much a time stand point as it is for cutting overhead. and also gives me a secure place for parking equipment as well as even doing person repairs and hobby stuff. I don't think i could go back to not having a shop.

 

I don't think in terms of hourly pay, I think in terms of annual earnings. I cleared 50k this last quarter.

 

For me it depends on how much deadhead I have. When I figure my cost,I include driver pay. Which is off the hub. So at the end of the week between 34-40%. If I get my deadhead down,I could probably get over 50% but that means dragging freight back down the road,that I don't want to deal with for the rates they offer.

 

Thats where I am at.

I'm not sure what effect I alone have on the industry,.. but I absolutely loath moving cheap freight. I try not to DH too much if I dont have to. If nothing in a 150mi radius,.. I sit for a day or two. When that doesnt pan out I'll broaden the radius rather than pull a load at $1.50 mi. This drives my carrier bonkers. My dispatch in particular becomes distressed when I am not under a load. LOL.

Hurst:smt111

 

How many trucks are you running?