People who don't realize that they should/could ask for more.

Thats 3.00 Canadian dollars, correct? About 2.60 USD.

On a loadboard the other day I saw a 95,000 pound RGN (Removable gooseneck/lowboy) load paying I think $1700 on 1000 miles. :shock: :lol:

 

Was it a Landstar load?

 

Yes but I "fixed" the cost a zero on most of those items so it's moot. I put these items in there just to illustrate that there's many, many expenses to consider....and all of mine weren't in the calculation.

With regard to the maitenance costs, you're correct that it's a (self run) acount. Anything less than the budgeted amount is a bonus. I tend to estimate on the safe side. I don't like suprises.

Not quite new. It was a one year old T-2 back when they were a hot ticket. It looks like a mistake now.....but he wanted a new T-2. :roll: And those are Canadian dollars.

I'd like to know also. The driver is 67 years old with 20 years experience and one speeding ticket on his record. Something to do with going to the US. The Canada only truck is only $1,500/year. I'd love to know what other non fleet Canadian o/o's pay to run stateside.

Basically it's about 30%.

Yep, I'd need to charge about 30% ontop of every penny over the $1.44 to cover the taxes. But based on what I've seen on these internet load boards, I don't need to worry about that.

There was a recent load that offered a flat bed $1300 for three drops and 750 miles. What's that......$1.70 a mile? Using my $1.44 number, I'd gross $200...$135 after tax. For three days work. I'd sooner deadhead the 400 miles straight home and get re-load two days sooner.

...And no, I'm bidding $3.00 US per mile for a SD + tarp. A'int nobody banging down my door but it needs to be that to make it worth the hassle. After all, it's only a back haul. 8)

 

I think i`m around 78 cents a mile now, but i`m only taking 5 cents a mile these days for my maintenance/equipment fund. all my equipments paid for and if I go get another one it comes out of that fund, or if I get take a catastrophic hit on parts ( I do my own work) it also comes from there, anywho if any of those scenarios happen I bump it up to 15 cents a mile for the account.

right now my thresholds 1.80 a mile if over 1000 miles, 2.50 a mile if under, most of my work these days is oil field stuff with relatively short runs (400 or less)

 

Fuel cost for me is around 30 - 40 cpm, depending on fuel mileage and fuel cost(Canada is cheaper).

Using a "cash flow" method, I'm paying $1,400 a month for the truck. That works out to 14 CPM, since I average 10,000 miles a month. The truck will be paid off next year.

Using a "net worth"(wich is how it works with income tax)method, the truck is probably costing me much less, around 6-8 CPM, since it has depreciated faster then I can pay it off. This isn't unusual.

Maintenance is very good, I do almost all the work myself, and I do a good job. This year I've spent over 10k, including new drive tires, a deer bumper, new rad and air-air, and a bunch of front end work. Many of this stuff wont be done again, so I'm not too worried. Figure 10-12 cpm easy(for this year). Last year it was MUCH lower, 3-4 cpm.

Income taxes shouldn't be figured into the cost of the truck, they are two seperate issues.

I do not pay any type of insurance.

Should food be figured in? I mean, you have to eat anyways. You don't put the food into the trucks fuel tanks, it goes in your belly. You'd have to do this if you were trucking or not.

Given all this, I run from about 46 cpm all the way up to 64 cpm, depending on accounting method, fuel mileage, and fuel cost.

 

Could you elaborate a bit more on that? :roll:

 

This is a lousy way of figuring your expenses. Next you'll be saying that you don't want to include your cell phone, because you'd have one anyway.

Expenses are expenses, no matter whether they occur in a different situation or not. That's why I can figure out why so many of you don't include a salary in your cost per mile figures.

 

While I can't tell you what my company pays on my behalf(I think they might even be self-insured), I sure can tell you why it's so high.

Lawsuits.

I've heard of situations where people specifically target Canadian carriers. They automatically must have a $ amount of insurance to operate in the states. Theres been many situations where someone has made a completely false claim, say for $5,000. The truck driver had nothing to do with it. What happens? The drivers insurance company pays it out. It's more expensive to fight it then it is to just pay it out. If it was an american company, they don't need to hire a whole bunch of different lawyers to fight it. Canadian companies do.

In Manitoba, vehicle related lawsuits do not exist. About 15 years ago, the province abolished them. You can still sue the crown corporation that runs insurance, specifically for the amount of your settlement, but you cannot sue the person.

 

I do not pay vehicle insurance, either my company pays for it on my behalf, or they are self-insured.

 

Should I include my personal vehicle expenses as well? Or how about my house, since I use it as an office? Cost of living <> cost of operating a truck.

Salary isn't included, because I do not have to pay one out. I am self-employed, so all the "excess" money goes to me.