In Steve's thread, someone asked what his profit loss was. When calculated strictly as a Motor Carrier, here's a simplified versin of what mine looked like for two trucks pulling steps and DD's in the NEast.
My apologies for the terrible format....Excel doesn't seem to paste well. Each line represents a different load. Columns are as follows from left to right; dead miles to pickup, loaded miles, dead miles from delivery to yard, all miles, rate per loaded mile, rate for all miles, profit on the load.
Cost is $1.33/mile including driver. Tolls and OD permits are not in here so the $7100 is actually a bit less.
IMO, the loaded mile rate was quite good but we still only profited $7100 on 15,000 miles.....$28,000/year to the corp annualized. February is looking much better.
It should be noted that most of these are backhauls only (we are a private carrier for the headhaul). Once you figure that we would otherwise be coming home empty, these beackhauls added $15,000 to the bottom line for Q1....not $7,100.
What I see:
1. Dead miles kill.
2. Once you pay the driver, there isn't much left.
3. These are good rates from SD's and DD's. Don't know how anybody survives with vans.
4. Stay out of trucking. It ain't worth the risk.
NOVEMBER-DECEMBER-JANUARY
133 300 204 637 2.67 1.26 -47.18
90 493 171 754 2.08 1.36 20.02
75 493 171 739 2.08 1.38 39.97
75 493 171 739 2.08 1.38 39.97
25 265 40 330 2.26 1.82 161.10
0 255 50 305 1.96 1.64 94.35
75 493 171 739 2.08 1.38 39.97
75 493 171 739 2.08 1.38 39.97
75 493 171 739 2.08 1.38 39.97
75 493 171 739 2.08 1.38 39.97
21 405 100 526 2.59 2.00 350.42
51 433 180 664 2.42 1.58 166.88
55 495 125 675 3.02 2.22 598.25
480 507 0 987 4.73 2.43 1,087.29
570 507 0 1077 4.64 2.18 917.59
475 507 101 1083 4.64 2.17 909.61
475 507 101 1083 4.64 2.17 909.61
570 507 101 1178 4.64 1.99 783.26
570 507 101 1178 4.64 1.99 783.26
20 215 40 275 2.49 1.95 169.25
7,143.53
FEBRUARY
25 505 10 540 3.17 2.96 881.80
225 244 200 669 3.69 1.35 10.23
100 820 300 1220 2.96 1.99 802.40
106 466 152 724 5.17 3.32 1,444.08
100 482 152 734 4.82 3.1 1,347.78
4,486.29