I know Rev, now it's been awhile since I've looked at an annual report but I didn't think most of those guys were averaging $2/mile from trucking operations. Actually, now that I think about it, if they include LTL operations in there, those numbers might not be far off.

 

After looking at Werner's 2007 results, I'm sticking to my original statement...those numbers are high. Werner turned a profit on '07 on revenues of less than $1.80/mile for all miles.

 

How much profit, and how many trucks do they operate?

 

I don't remember the exact numbers, they're in the financials. I believe their operating ratio was around 93% and they reported an average number of units for the year around 8500.

I don't deny that large carriers operate on thin volumes, but even if they only made a one-cent profit, that puts their operating cost at $1.79...that's a far cry from what that report says. Rough numbers would put their costs in the neighborhood of $1.70, give or take a dime :lol:

 

Even if their net profit on each vehicle was $0.05, and each vehicle ran 100,000 miles a year, they still net $42,500,000 per year.

 

Yep, they're still making plenty of money...unless you ask them, I'm sure :lol:

 

No worries wrote:
Tractor fuel 42897
Reefer fuel 1855 (lots of dry and dh last year)



For how many miles?

 

Yeah. I'll hit the high spots for ya.

$17,000 on one truck..new cylinder head, turbo, all new rubber, compressor...
$4500 on another truck for....a seat, 8 new air bags, a $500 service call to the scale house, new exhaust, new steers, 2 new brake chambers, wiper arm pivot assy.
$3700 on yet another money pit for.....windshield, clutch, exhaust, 8 new drives...

$12,000 per US truck x 3 trucks = $36,000 no collision
$1,500 per trailer x 6 trailers = $8,000
then there's 2 local trucks that have insurance also

That was last year. It's probably more than that now. We'll likely be over 300,000 this year. About 30% of those miles are MT.

 

Check your prior post...91,000

 

Thanks for posting the site, it's interesting. The national average of rates charged is here:

http://truckloadrate.com/truckload_r....htm?chart=TA\

If both were true, it would mean the entire industry is operating at a loss. All of the big publicly traded carriers have to make their financial results public. Werner is a good example. Here is a link to the 2007 annual report for Werner.

http://biz.yahoo.com/e/080225/wern10-k.html

For all of 2007 Werner revenue per mile for all miles loaded and empty including FSC was $2.04 and without FSC was $1.46.

Cost per mile for Werner was $1.65 including fuel, wages and everything. Cost per mile for Werner excluding fuel was $1.25 per mile.

There are few if any carriers paying their owner/operators an average of $1.65 for ALL miles loaded and empty, including FSC, which is why they love owner/operators.