What is the break even point for an owner operator?
#141
09-07-2008, 07:05 PM
Originally Posted by no_worries
He's obviously lumping profit and wage into the same category. Not correct from a business standpoint
#142
09-07-2008, 07:20 PM
Originally Posted by NotSteve
Originally Posted by no_worries
He's obviously lumping profit and wage into the same category. Not correct from a business standpoint
#143
09-07-2008, 07:30 PM
Let's refresh your memory. Now, where did I put the huge letter L
Originally Posted by Rev.Vassago
Yawn. Okay.
Fixed Expenses / Mo 9000/mo 9000/mo Equipment per month per mile Tractor $2553 $0.28 Licensing/Permits $155.31 $0.017 Federal Use $45.83 $0.005 Bobtail Insurance $82.29 $0.009 Collision/PD Insurance$226.58 $0.025 Liability Insurance $0 $0.000 Health care $451 $0.050 Worker Comp $0.00 $0.000 Retirement $0.00 $0.000 Ph/fax/internt/ldbds $220.99 $0.024 Office $20 $0.002 Tax/legal $10 $0.001 Software etc $0 $0.000 Salary $6000 $0.667 TOTAL FIXED $9765 $0.828 Variable Expenses / Mo 6mpg Fuel @ $4.10/gal (/Taxes/Fees?) $6,150.00 $0.683 D/H Fuel (10%) $0.00 $0.000 Reefer service?? $0.000 Reefer fuel?? $0.00 $0.000 Taxes (road, use, fuel, fed) $26 $0.003 Food $400.00 $0.044 Truck Wash $100 $0.01 Servicing (P/M) $250 $0.027 Lrg Repairs(escrow) $300 $0.033 Tires(escrow) $122.00 $0.013 New truck(escrow) $0.00 $0.000 Total Variable $7348.00 $0.816 ROI (12% on $107K) $0.00 $0.00 TOTAL COSTS $17,113 $1.90
#144
09-07-2008, 08:25 PM
Originally Posted by NotSteve
Let's refresh your memory. Now, where did I put the huge letter L
Originally Posted by Rev.Vassago
Yawn. Okay.
Fixed Expenses / Mo 9000/mo 9000/mo Equipment per month per mile Tractor $2553 $0.28 Licensing/Permits $155.31 $0.017 Federal Use $45.83 $0.005 Bobtail Insurance $82.29 $0.009 Collision/PD Insurance$226.58 $0.025 Liability Insurance $0 $0.000 Health care $451 $0.050 Worker Comp $0.00 $0.000 Retirement $0.00 $0.000 Ph/fax/internt/ldbds $220.99 $0.024 Office $20 $0.002 Tax/legal $10 $0.001 Software etc $0 $0.000 Salary $6000 $0.667 TOTAL FIXED $9765 $0.828 Variable Expenses / Mo 6mpg Fuel @ $4.10/gal (/Taxes/Fees?) $6,150.00 $0.683 D/H Fuel (10%) $0.00 $0.000 Reefer service?? $0.000 Reefer fuel?? $0.00 $0.000 Taxes (road, use, fuel, fed) $26 $0.003 Food $400.00 $0.044 Truck Wash $100 $0.01 Servicing (P/M) $250 $0.027 Lrg Repairs(escrow) $300 $0.033 Tires(escrow) $122.00 $0.013 New truck(escrow) $0.00 $0.000 Total Variable $7348.00 $0.816 ROI (12% on $107K) $0.00 $0.00 TOTAL COSTS $17,113 $1.90
#145
09-08-2008, 03:02 AM
Originally Posted by charged
Originally Posted by GMAN
I am not necessarily suggesting that you run team with your Dad, but the radius is from your home base. In other words, you can run 500 miles in any direction. If you are 500 miles West of your home base, then you conceivably could run 1,000 miles East and still be within your mileage restriction. If you ran with your Dad then he could just pay you for the miles you run or pay the equivalent of 1/2 the solo driver pay for all miles run. He could also pay you a flat percentage of the rate, which is how some of us pay our drivers.
I do 1000 mile runs most every week.....some times I do it twice in the week.
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#146
09-08-2008, 03:11 AM
Originally Posted by Orangetxguy
Originally Posted by charged
If 1000 mile runs were the norm then it may be worthwhile. The reality is that 1000 mile runs are not available all of the time. Some times you make little 300 runs to get to better paying freight. There are some areas of the radius where he doesn't like going. He doesn't like going to PA, NC, WV because of the toll roads or mountain ranges and feels most freight doesn't pay enough for him. Add into that he wants to be home every weekend. I do 1000 mile runs most every week.....some times I do it twice in the week.
#147
09-08-2008, 05:48 AM
Originally Posted by Rev.Vassago
Okay, now show me where profit is listed in there, and where it is supposedly lumped in. After all, profit is not a cost, and that list shows costs. Profit is revenue above costs, including salary. My salary does not include the profit from the business. That is separate, and would be listed on a revenue spreadsheet (which I have, and have posted numbers from in the past).
P R O F I T
#148
09-08-2008, 06:14 AM
Originally Posted by NotSteve
That's the problem. I'm looking for those letters but let me spell it out for you. P R O F I T R E V E N U E. Show me where it is in those numbers.
#149
09-08-2008, 06:20 AM
Doesn't matter Rev. Your the one on the witness stand and you have already posted your numbers. We can now all arrive at our own conclusions. Maybe you should try and remove that foot from your mouth!!! :lol:
#150
09-08-2008, 01:22 PM
Originally Posted by NotSteve
Doesn't matter Rev.
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