I would like to know how many bullet holes the truck has, and the driver as well?


jonboy

 

Here is the breakdown for the last 7 day period.

Load 1: Gross $950 Net after fuel $600
Load 2: $625 $400
Load 3: $600 $400
Load 4: $1400 $1050
Load 5: $975 $625
Totals $4550 $3075

Fixed expenses on the business are $600 per week.

Net income after fixed expenses $2475.

Of course there could be other variable expenses not included ie. repairs and maintenance.

We ran close to 3000 miles averaging 6.62. We ran only Texas and New Mexico at 65-75 mph.

For those of you than like to use the rate per mile as a guage of profitability, it was $1.51.

Hope we can back up these numbers, because this is the best we've done so far with van freight.

Btw, I've got a chance to pickup a Wally Mo 6 car hauler for $15000, and I've been told I can run around Texas with that rig and do quite a bit better. Of couse insurance is higher and the work is harder.....

Comments and criticism are welcome.

I want some pumpkin pie! :P

jonboy

 

On load 1 for example....I'm guessing that the $600 includes your fixed expenses or is that just fuel?

 

[quote="rank"]Rank, the first load paid me $950 gross, and I had $350 in fuel, so I netted $600 on that load. My fixed expenses come out after that. I'm trying to make the biggest spread between the gross and the fuel cost as I can. The rest seems to take care of itself.

I also consider my time on the load as a cost, and choose loads that will allow me to net a minimum of $400 per day. In this case, a higher gross might not be my first choice, if it's heavy, or if it has stops, or is a grocery load where there could be delays, or if it delivers in a major city.

I try to only book loads that deliver in smaller towns or on the outskirts of major cities, which helps me control my time and reach my goals.

My fixed expenses are $2600 per month on the entire business, but do not include any variable expenses or maintenance expenses.

I like to think of my fixed expenses as $100 per day, which leaves a little more than what they are for misc expenses ie. trailer washout from hauling nasty cowhides, etc. etc. :wink:

I know you know more about all this than me, so clue me in if you can.

jonboy

 

I was thinking your fuel cost was high, but ........

you ran 3000 miles / 6.62 miles per gallon is 453.18 gallons used. How much did you pay for the fuel/gal? $3.119 ? 453.18 X $3.119 = $1413.47
You spent $1475 for fuel.

I say you are dead on with your accounting for fuel. Now you need to breakdown your costs (not for us here, but for yourself). Remember

PROFIT = REVENUE/MILE - COST/MILE

cost is everything that has to be paid to keep the wheels turning and you working, Good Luck Jonboy

 

I've been paying $3.25 on average.

 

Soooooo, you ran 3000 miles that week and had 3000 left over after fuel. Do that for 40 weeks and you got 120,000. Take out $45,000 for ammortization/depreciation, insurance & maintenance leaves you with ~75,000 pretax. You should be able to live on that eh?

 

Yet some here say you cant make a living in trucking. I think he can do this and some over 40 weeks. Hang in there Jonboy

 

Now imagine what's going to happen when freight rates go UP.

Nowadays you have to reduce cost as much as possible, and try to go for some type of specialized freight. It's best to do both.

NET after fuel of $1.02 isn't bad at all. How much does everything cost for you?

My net after everything is paid is about 90-92 cpm.

 

How does everyone seem to get such accurate mpg numbers? I know some trucks have the computer on the dash but other than that is it that accurate just dividing the last amount put in by the miles driven?