[solo379]

Originally Posted by driverboy

.40 cents to the driver(s) is around a $100K, and I have worked out around $175K in expenses leaving $50K net profit per truck, those sound remotely ballparkish to reality?????????????

In a "perfect world"? Yes!

But that's the "beauty" of trucking;-Everything, is not what it seems on a "paper", and Murphy law rules! :P

In a "real world", you'd be lucky, to brake even, with above mentioned numbers.
I've recently, asked, our company operation, how much, does it cost them, to run a company truck?
$1.61 a mile! :shock:

Your projected gross, i assume, and hope, you did mean loaded, and empty, is $1.30 a mile... :roll:
Even, if you could shave those $0.31 a mile, from your costs, i didn't see much, if any, room, for profit! :?

[Sonny Pruitt]

good advice once again

Try it
you will either sink
or swim
you will either make a few thousand dollars
or
lose your house.

when you try one of these deals you have to realize that even if its your best friend , if there is a major accident you will fry. even if you are incorporated.

[just like to drive]

i guess i'm just as confused about the numbers as driverboy. People always say you can't make money but yet the number of trucks on the road increases every year, so there has to be money to be made.

i too have explored the idea of owner op, the numbers add up and equal a profit, but yet i continue to read there's no money in it and that i'm crazy.

aside from simply saying there's no money in it, can someone tell me what i'm missing?

[Mackman]

Originally Posted by duck

New a truck mechanic once - he did that and made it work. Don't know how but good luck.

I knew a mechanic also that had 2 older trucks with reefers . Onlky in it about 3 years lost his ass now need less to say he is still an old mechanic.

[brian]

who said you can`t make money? I dont work for free :lol:

[Sonny Pruitt]

love to drive
you can't just run numbers until you find a company to lease to.
Roadway is paying 54 cpm + benies and retirement.
If you want to be an o/o you have to match that(net) or you are wasting your time

[driverboy]

Ran back with an owner op today and talked for 3 hours on the return, former non-trucking business man who now happens to run a business of running a truck, no loving glances out the window at shiny fuel tanks for him.

Gross over $300K a year at 240K miles and gross profit is $150K, leaves $50K in the business, $50K to the driver and $50K to himself as a salary, been doing it for years, looking to expand to more trucks, trick is finding competent drivers is the key to him. The miles and lanes are there, just need to fill them with decent people and equipment.

Starting to wonder if everyone is losing their shirt how are companies that only employ O/O drivers are running hundreds and hundreds of trucks. Who rolls down the highway at a loss, I am thinking anyone in it more than a few years is not or they wouldn't be rolling they would be selling.

Kinda like asking the owner of a corner car wash how his business is doing as your looking at building one down the street, sure the actual gross and nets would just spill out, haha.

[Ian Williams]

Originally Posted by Sonny Pruitt

love to drive
you can't just run numbers until you find a company to lease to.
Roadway is paying 54 cpm + benies and retirement.
If you want to be an o/o you have to match that(net) or you are wasting your time

Comparing LTL miles to OTR or Regional miles is a bit apples to oranges.

Depending on your company and the region you are in could only drive 400mi per week in LTL but still make plenty of $. If I run line all 5 nights I only drive 1420mi (284 Sac-Reno round trip) but I'll gross over $1k with dock and P&D. Heck we have a "linehaul" run between Stockton and Sacramento.

Its doable to beat LTL wages as an O/O net if you can get into something specialized like Cars, Bedbugging or Tankers. Heck the car hauler I talked to was netting something like $90k per year.

[Sonny Pruitt]

I use the Teamster rate to compare how I am doing as an o/o.
its a good bench mark.
btw I worked for Conway(spring valley,ny) and hauled cars for BMW
but I digress.
If you can find a company that will work with you to keep your drivers moving at an exact 12 hour shift who knows.
I guess Fed ex might do it,
Triple Crown would definately do it
next risk issue:
how are you going to pay your drivers
let me guess a 1099?

[solo379]

Originally Posted by driverboy

1)Starting to wonder if everyone is losing their shirt how are companies that only employ O/O drivers are running hundreds and hundreds of trucks.

2)Who rolls down the highway at a loss, I am thinking anyone in it more than a few years is not or they wouldn't be rolling they would be selling.

3)Kinda like asking the owner of a corner car wash how his business is doing as your looking at building one down the street, sure the actual gross and nets would just spill out, haha.

1)Cause it cost them less, than run a company truck, and practicaly, makes that O/O, slave of that company, and his own truck!

2)I never said, that you can't survive, doing it yourself, it's just not worth it IMO. I've become an O/O, to take control, of my time, and money.
Can't have it, at those substandard rates! :sad:
BTW a lot of them are selling, look at a dealers lots, and "Truck papers"

3)Well, it's your choice, your money, and your life, believe, what you choose to believe, and i'm not even in the same state, with you... :P