Why you'll go Bankrupt hauling around $2 a mile loads

Don't confuse him with facts. It confuses his agenda.

Not to mention I've seen thrive at Stevens Transport on $1.04/mile+FSC.

Heck as a contractor I was banking 12-1500 a week.

But according to him I was going bankrupt. LOL

 

Lol people always say to me you don't make money doing this. If I didn't I wouldn't be the only one in my family working and supporting my wife and 2 kids. Still had a truck payment on my 2014 T680 which is paid off now. People think they need $5 a mile to make it out here.

 

Me I doubt I ever would. I like being my own 100 percent. No worries if I don’t want to work for months. But for some it is an easier way and can see the right situation working just fine.

 

Lol it's not bad if you get it fresh.

 

That’s really just buying a job, If you are happy with that great but I have zero desire to run 2700 miles a week, I don’t NEED $5 a mile, but I’m certainly not moving for much under 3.50-4 mi or $125 an hour depending on customer

 

2700×$2.25=$6,075.00....

What did you leave out?

 

TONU and couple hours detention. My flat rate isn't $2.25 as my FSC depends on area. $2.25 is the lowest sometimes its $2.31 and higher just depends on what pad I'm in for FSC. But I also get hourly detention and layover when I don't move 200 miles within 24 hours of $400

 

Each of there own I work hard and then take time off. I also don't gotta worry about insurance cost or anything else. While I've thought about going to get my own trailer again market is too unstable

 

I have to agree with the Op.
When a O/O is driving an avg. of 2500 miles still has weekly truck payments ($750), fuel/def ($3850), tolls ($250), insurance ($410), phone ($21.33), Load boards ($70) etc. Expense: $5,281.33

$2/mile @2500 miles = $5000 (not eating this week because I'd be $281.33 in the hole)..

Now @ $3/mile for 2500 miles there is a major difference of $2,218.67 after weekly expenses.

Imo knowing some company drivers who earn $2200/week (driving a company truck) a O/o earning should be $3,468.67 on avg. ($3.50/mile avg.) makes more sense to at least pay yourself $2000/week and use the $1468.67 as an emergency reserve (16.8% of your gross for emergency funds 1/6 or even better 1/3 of your overall gross = $2887.50) this still leaves you a weekly wage of $581.17 (of course at lease $1000 is satisfactory and reasonable)

Note: I included higher fuel rates avgeraging $7.65/gallon the way fuel prices are going in the future.

 

Might want to check for a typo on your fuel/def costs because $3850 doesn't make sense.