Your average weekly revenue?

Truckpaper.com costs like 100 to list truck for sale ....then go to closest casino and put it all on black

 

You want to learn then you need to drive the truck yourself and book your own frieght.....then you will learn right now that broker is taking you for a ride

 

Sell it

 

Years ago, my cousin , who is a farmer had a pretty nice kenworth farm tractor, his driver talked him into leasing it on with Malone and let him drive it.
It ran two weeks and my cousin went over the settlements and the way he had it figured the truck itself made 10 cents a mile, it came home after just two weeks. I have always said I would rather watch mine sit in he driveway, than run it for peanuts.

 

All in all, you aren't in a bad position. You aren't in a good one either.

How much did you put down on the truck? That will indicate your potential for success. If you dropped $20,000 down and are netting $300 a week you are looking at roughly $10,000 a year in returns from a $20,000 investment. Even if it is only $5,000 a year and the truck lasts three years (assuming it is paid off in that time) you would still havd a better return than a CD. All in all not bad.

The red flag for me is the low revenue number and the low driver pay. $700 a week isn't going to get you anyone good, nor keep anyone decent. You will never see the revenue you want/need. Even if it only takes 5 days to hire a new driver, that's a week of no revenue while still paying your fixed costs. Your truck will not be maintained well, you are at a higher risk of accidents, etc.

In short if you can't average $4,500 weekly gross, cut your loses.

 

Hours in truck divided by gross pay equals what the hell was I thinking.

 

Without fancy math, the truck needs to try to make $1000/day or more. You are averaging $775/day. Thats fine once a week, not all week.

Dry run, paid, unpaid. You arent using the right words.

Loaded is with a paying load on trailer. Deadhead is with no load on trailer, hopefully driving to a load
"All miles" means both of those, deadhead + loaded. All miles matter.

I think you did 1,616 all miles and 902 loaded, yes? 700 miles deadhead?

$3100/902mi= $3.44/ loaded mile. Great

3100/1616 = $1.92/mile all miles. Not so great.

See how bad your deadhead miles hurt? Very bad.

You said the truck ran 4 days. Was it parked otherwise or was the rest of the time driving to a job empty?

Long term, im of the belief that an older truck costs somewhere around $1.60 per mile to run when you consider all costs, insurance maitenance fuel replacement fund.. To drive it yourself. Some guys lower some maybe even higher.

$1.92 revenue - $1.60 cost = 32cents profit per mile. X 1616 miles = $517 earnings per week.

It doesnt even cover the driver much less all of the broker fees. You are losing money every week because your income will never be enough to replace the truck or cover any major breakdowns.

1. Drive the truck yourself
2. Ditch that MC and get one who isnt fleecing you
3. Dispatch yourself from a DAT or Truckstop account and bid all your jobs based on all miles for a higher rate. Do not undercut the other drivers on the lane. It just means you will all starve. When drivers all hold out for higher rates the shippers/brokers are forced to pay more to move freight.

4. Cut down on the deadhead unless all miles pay very well. Deadheading still takes time, unpaid time hurts your weekly revenue.

If you do all these things you might turn things around, otherwise maybe smart to sell before the truck breaks. You will have difficulty recouping your money on those numbers before the truck fails. Your expenses are too high