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Originally Posted by Skywalker
Originally Posted by DD60
when Cyanide says he makes $1.18 a mile.....he is arriving at that figure based on every inch that tractor moves....each and every last inch is included. He's not counting just revenue producing miles and deadhead miles to tankwashes and terminals, he's including the miles he puts on the tractor no matter where he goes. Got it?
Balance that with all operating costs associated with owning the truck and what do you have left? No,I didn't miss it. It would be too low of a figure for me to work with,but like I said before,to each their own. |
You can also buy a truck from Superior for $15K. With that investment you are evaluating the underlying financial fundamentals in weeks/months instead of years. Low investment = low risk = not much to worry about = enjoying a few extra days at home.
I have not take the time to read all your posts on this subject. But, it seems you may be missing the point with respect to Carlos' goals.
Originally Posted by DD60
Originally Posted by Skywalker
Originally Posted by DD60
when Cyanide says he makes $1.18 a mile.....he is arriving at that figure based on every inch that tractor moves....each and every last inch is included. He's not counting just revenue producing miles and deadhead miles to tankwashes and terminals, he's including the miles he puts on the tractor no matter where he goes. Got it?
Balance that with all operating costs associated with owning the truck and what do you have left? No,I didn't miss it. It would be too low of a figure for me to work with,but like I said before,to each their own. |
Actually, while you are entirely free to exercise your opinion....like the rest of us, I fail to see where you actually have a problem, considering the following:
Oct. 8th to Dec. 31st, 2007 Gross: $31,803.78 Total fixed and variable expenses: $20,462.93 Taxable Net: $11,340.85 Hub Miles: 27,678 (ALL ODOMETER miles off-duty and on-duty.) Avg.: $.409/mile Days Working: 52 Days Off: 33 Regardless of cpm or anything else, the most salient factor is simply that in an 11 week period, during which he took off 33 days, he still "netted" $11,340.85....which in true "truckers math" that being applying the $$ only to days or weeks worked.... he made $11,340.85 in 7.5 weeks, or $1512.11 for each week worked. Not bad after all expenses. Since you're such a "high-roller"...suppose you post your numbers? Or are you "sceeeered"? Oh, never mind that had he done it like a true lease slave or indentured O/O with a supertruck....and had he stayed out incessantly for the entire 11 weeks ....he would have netted $16333.21 for 11 weeks. Oh, and lets not forget what time of year this was....with major holidays and slowdowns involved.. Lets take it just one step farther... if he was to do it true "chickenhauler/truckdweller" style....for 52 weeks out of the year, that would net him $78,629.72. But he has other priorities and isn't going to do that. 8) While you might declare $3.00+ to be your revenue....thats wonderful, but for how many miles? 3 X 100 is only 300. 10 X 30 is 300. SO, the reality is that without some forthcoming exposure of your actual and realistic numbers....the situation remains: Opinions are like assholes, and you have one too.....but the difference lies in the fact that yours lacks substance 8) Your numbers, please?" |
Originally Posted by mike3fan
Originally Posted by Skywalker
But I made it up to him later....
|
Originally Posted by Skywalker
Actually, while you are entirely free to exercise your opinion....like the rest of us, I fail to see where you actually have a problem, considering the following:
Oct. 8th to Dec. 31st, 2007 Gross: $31,803.78 Total fixed and variable expenses: $20,462.93 Taxable Net: $11,340.85 Hub Miles: 27,678 (ALL ODOMETER miles off-duty and on-duty.) Avg.: $.409/mile Days Working: 52 Days Off: 33 Regardless of cpm or anything else, the most salient factor is simply that in an 11 week period, during which he took off 33 days, he still "netted" $11,340.85....which in true "truckers math" that being applying the $$ only to days or weeks worked.... he made $11,340.85 in 7.5 weeks, or $1512.11 for each week worked. Not bad after all expenses. Since you're such a "high-roller"...suppose you post your numbers? Or are you "sceeeered"? Oh, never mind that had he done it like a true lease slave or indentured O/O with a supertruck....and had he stayed out incessantly for the entire 11 weeks ....he would have netted $16333.21 for 11 weeks. Oh, and lets not forget what time of year this was....with major holidays and slowdowns involved.. Lets take it just one step farther... if he was to do it true "chickenhauler/truckdweller" style....for 52 weeks out of the year, that would net him $78,629.72. But he has other priorities and isn't going to do that. 8) While you might declare $3.00+ to be your revenue....thats wonderful, but for how many miles? 3 X 100 is only 300. 10 X 30 is 300. SO, the reality is that without some forthcoming exposure of your actual and realistic numbers....the situation remains: Opinions are like assholes, and you have one too.....but the difference lies in the fact that yours lacks substance 8) Your numbers, please?" Please show me where I claimed to make 3.00+ a mile? From Oct to Dec. I drove 19,000 miles and grossed 33,889.00. This is for all miles ran including deadhead. My truck is a 2000 classic and not much worth more than 30k and my highest out-of-pocket expense is my insurance since I have my own authority. These numbers will change in the upcoming months. Hopefully in an upward direction. :lol: BTW,those fixed variable expenses can change if something drastic happens,such as losing a motor or transmission. It is not impossible to make it on 1.18 a mile if you are busy enough and hardly have any problems with the truck,but to me it isn;t worth the risk. A company driver can earn 1552.00 a week and not have the headaches and hassles of owning a truck. If either the motor or transmission go out within a 60-day period you could be looking at 20k or more plus weeks of downtime to replace it. With an old truck priced at 15k this makes it even riskier. |
That is valid point DD60. The reason trucks depreciate so fast is because they become increasingly costly to maintain. With a truck in that price range I would not put a major breakdown out of question. If I were gonna run something older I would make sure I had a reserve set aside for the just in case scenario...... as in another $15,000 grand set aside for an engine overhaul.
Originally Posted by DD60
Originally Posted by Skywalker
Actually, while you are entirely free to exercise your opinion....like the rest of us, I fail to see where you actually have a problem, considering the following:
Oct. 8th to Dec. 31st, 2007 Gross: $31,803.78 Total fixed and variable expenses: $20,462.93 Taxable Net: $11,340.85 Hub Miles: 27,678 (ALL ODOMETER miles off-duty and on-duty.) Avg.: $.409/mile Days Working: 52 Days Off: 33 Regardless of cpm or anything else, the most salient factor is simply that in an 11 week period, during which he took off 33 days, he still "netted" $11,340.85....which in true "truckers math" that being applying the $$ only to days or weeks worked.... he made $11,340.85 in 7.5 weeks, or $1512.11 for each week worked. Not bad after all expenses. Since you're such a "high-roller"...suppose you post your numbers? Or are you "sceeeered"? Oh, never mind that had he done it like a true lease slave or indentured O/O with a supertruck....and had he stayed out incessantly for the entire 11 weeks ....he would have netted $16333.21 for 11 weeks. Oh, and lets not forget what time of year this was....with major holidays and slowdowns involved.. Lets take it just one step farther... if he was to do it true "chickenhauler/truckdweller" style....for 52 weeks out of the year, that would net him $78,629.72. But he has other priorities and isn't going to do that. 8) While you might declare $3.00+ to be your revenue....thats wonderful, but for how many miles? 3 X 100 is only 300. 10 X 30 is 300. SO, the reality is that without some forthcoming exposure of your actual and realistic numbers....the situation remains: Opinions are like assholes, and you have one too.....but the difference lies in the fact that yours lacks substance 8) Your numbers, please?" Please show me where I claimed to make 3.00+ a mile? From Oct to Dec. I drove 19,000 miles and grossed 33,889.00. This is for all miles ran including deadhead. My truck is a 2000 classic and not much worth more than 30k and my highest out-of-pocket expense is my insurance since I have my own authority. These numbers will change in the upcoming months. Hopefully in an upward direction. :lol: BTW,those fixed variable expenses can change if something drastic happens,such as losing a motor or transmission. It is not impossible to make it on 1.18 a mile if you are busy enough and hardly have any problems with the truck,but to me it isn;t worth the risk. A company driver can earn 1552.00 a week and not have the headaches and hassles of owning a truck. If either the motor or transmission go out within a 60-day period you could be looking at 20k or more plus weeks of downtime to replace it. With an old truck priced at 15k this makes it even riskier. |
Originally Posted by DD60
It is not impossible to make it on 1.18 a mile if you are busy enough and hardly have any problems with the truck,but to me it isn;t worth the risk. A company driver can earn 1552.00 a week and not have the headaches and hassles of owning a truck. If either the motor or transmission go out within a 60-day period you could be looking at 20k or more plus weeks of downtime to replace it. With an old truck priced at 15k this makes it even riskier.
More than likely not,which is why Cyanide went in this direction,it basically gives him drivers wages+ and gives him the oppurtunity to take extra time off to do things that are important to him,I for one wish I was in the same position,but we all make our own priorities. Would I,or could I run for $1.18 a mile?,no but I also can't take off 33 days in 2.5 months either. |
It's not like your buying from Joe's Buy Here Pay Here Cream Puff Used Motor Cars.
You talk to the driver and mechanics and get one that just had a new drive train or engine. Superior's equipment might not be the purdiest, but they are pretty good on the maintenance.
Originally Posted by hamboner
That is valid point DD60. The reason trucks depreciate so fast is because they become increasingly costly to maintain. With a truck in that price range I would not put a major breakdown out of question. If I were gonna run something older I would make sure I had a reserve set aside for the just in case scenario...... as in another $15,000 grand set aside for an engine overhaul.
Originally Posted by DD60
Originally Posted by Skywalker
Actually, while you are entirely free to exercise your opinion....like the rest of us, I fail to see where you actually have a problem, considering the following:
Oct. 8th to Dec. 31st, 2007 Gross: $31,803.78 Total fixed and variable expenses: $20,462.93 Taxable Net: $11,340.85 Hub Miles: 27,678 (ALL ODOMETER miles off-duty and on-duty.) Avg.: $.409/mile Days Working: 52 Days Off: 33 Regardless of cpm or anything else, the most salient factor is simply that in an 11 week period, during which he took off 33 days, he still "netted" $11,340.85....which in true "truckers math" that being applying the $$ only to days or weeks worked.... he made $11,340.85 in 7.5 weeks, or $1512.11 for each week worked. Not bad after all expenses. Since you're such a "high-roller"...suppose you post your numbers? Or are you "sceeeered"? Oh, never mind that had he done it like a true lease slave or indentured O/O with a supertruck....and had he stayed out incessantly for the entire 11 weeks ....he would have netted $16333.21 for 11 weeks. Oh, and lets not forget what time of year this was....with major holidays and slowdowns involved.. Lets take it just one step farther... if he was to do it true "chickenhauler/truckdweller" style....for 52 weeks out of the year, that would net him $78,629.72. But he has other priorities and isn't going to do that. 8) While you might declare $3.00+ to be your revenue....thats wonderful, but for how many miles? 3 X 100 is only 300. 10 X 30 is 300. SO, the reality is that without some forthcoming exposure of your actual and realistic numbers....the situation remains: Opinions are like assholes, and you have one too.....but the difference lies in the fact that yours lacks substance 8) Your numbers, please?" Please show me where I claimed to make 3.00+ a mile? From Oct to Dec. I drove 19,000 miles and grossed 33,889.00. This is for all miles ran including deadhead. My truck is a 2000 classic and not much worth more than 30k and my highest out-of-pocket expense is my insurance since I have my own authority. These numbers will change in the upcoming months. Hopefully in an upward direction. :lol: BTW,those fixed variable expenses can change if something drastic happens,such as losing a motor or transmission. It is not impossible to make it on 1.18 a mile if you are busy enough and hardly have any problems with the truck,but to me it isn;t worth the risk. A company driver can earn 1552.00 a week and not have the headaches and hassles of owning a truck. If either the motor or transmission go out within a 60-day period you could be looking at 20k or more plus weeks of downtime to replace it. With an old truck priced at 15k this makes it even riskier. |
I dont know the condition of the truck or any of Superiors trucks, but I know from experience that they are all subject to major mechanical failure with lil or no warning whatsoever.
Im not here trying to say that he can or cannot make it on his wages - just trying to point out the realities of owning a truck and being responsible for your own income and equipment. My Father has been an O/O for 35 years and he has had equipment that he ran for years after it was paid for and now he runs a truck that is a year old and makes payments on. Other than having to run a lil more to make payments his profit margins always stay about the same. The reason being when he has a truck payed for it is more maintenance intensive, and TAXES KILL YOU when you have lil or no equipment to depreciate at the end of the year. Having a newer truck means warranty covers most unexpected major repairs, less down time, and more to write off when paying the taxes. Last year my dad avg. around $1.75 for all miles. He pulls a flatbad and hauls mainly oversize structural steel and construction equipment for a large construction company that does business all over the country.
Originally Posted by mbadriver
It's not like your buying from Joe's Buy Here Pay Here Cream Puff Used Motor Cars.
You talk to the driver and mechanics and get one that just had a new drive train or engine. Superior's equipment might not be the purdiest, but they are pretty good on the maintenance.
Originally Posted by hamboner
That is valid point DD60. The reason trucks depreciate so fast is because they become increasingly costly to maintain. With a truck in that price range I would not put a major breakdown out of question. If I were gonna run something older I would make sure I had a reserve set aside for the just in case scenario...... as in another $15,000 grand set aside for an engine overhaul.
Originally Posted by DD60
Originally Posted by Skywalker
Actually, while you are entirely free to exercise your opinion....like the rest of us, I fail to see where you actually have a problem, considering the following:
Oct. 8th to Dec. 31st, 2007 Gross: $31,803.78 Total fixed and variable expenses: $20,462.93 Taxable Net: $11,340.85 Hub Miles: 27,678 (ALL ODOMETER miles off-duty and on-duty.) Avg.: $.409/mile Days Working: 52 Days Off: 33 Regardless of cpm or anything else, the most salient factor is simply that in an 11 week period, during which he took off 33 days, he still "netted" $11,340.85....which in true "truckers math" that being applying the $$ only to days or weeks worked.... he made $11,340.85 in 7.5 weeks, or $1512.11 for each week worked. Not bad after all expenses. Since you're such a "high-roller"...suppose you post your numbers? Or are you "sceeeered"? Oh, never mind that had he done it like a true lease slave or indentured O/O with a supertruck....and had he stayed out incessantly for the entire 11 weeks ....he would have netted $16333.21 for 11 weeks. Oh, and lets not forget what time of year this was....with major holidays and slowdowns involved.. Lets take it just one step farther... if he was to do it true "chickenhauler/truckdweller" style....for 52 weeks out of the year, that would net him $78,629.72. But he has other priorities and isn't going to do that. 8) While you might declare $3.00+ to be your revenue....thats wonderful, but for how many miles? 3 X 100 is only 300. 10 X 30 is 300. SO, the reality is that without some forthcoming exposure of your actual and realistic numbers....the situation remains: Opinions are like assholes, and you have one too.....but the difference lies in the fact that yours lacks substance 8) Your numbers, please?" Please show me where I claimed to make 3.00+ a mile? From Oct to Dec. I drove 19,000 miles and grossed 33,889.00. This is for all miles ran including deadhead. My truck is a 2000 classic and not much worth more than 30k and my highest out-of-pocket expense is my insurance since I have my own authority. These numbers will change in the upcoming months. Hopefully in an upward direction. :lol: BTW,those fixed variable expenses can change if something drastic happens,such as losing a motor or transmission. It is not impossible to make it on 1.18 a mile if you are busy enough and hardly have any problems with the truck,but to me it isn;t worth the risk. A company driver can earn 1552.00 a week and not have the headaches and hassles of owning a truck. If either the motor or transmission go out within a 60-day period you could be looking at 20k or more plus weeks of downtime to replace it. With an old truck priced at 15k this makes it even riskier. |
If you're paying taxes you're making money. If you have a bunch of deductions you are spending money. Having a big truck payment isn't the most creative way to keep the IRS out of your pocket. Also, you can write off the full cost of M&R in the year they happen.
It's really 6 of one and a half dozen of the other. Personally, if I was getting into OO/IC I would rather get my feet wet with $15K out of my pocket versus risking defaulting on loan for a new truck. This is all moot if freight doesn't pick up :wink:
Originally Posted by hamboner
I dont know the condition of the truck or any of Superiors trucks, but I know from experience that they are all subject to major mechanical failure with lil or no warning whatsoever.
Im not here trying to say that he can or cannot make it on his wages - just trying to point out the realities of owning a truck and being responsible for your own income and equipment. My Father has been an O/O for 35 years and he has had equipment that he ran for years after it was paid for and now he runs a truck that is a year old and makes payments on. Other than having to run a lil more to make payments his profit margins always stay about the same. The reason being when he has a truck payed for it is more maintenance intensive, and TAXES KILL YOU when you have lil or no equipment to depreciate at the end of the year. Having a newer truck means warranty covers most unexpected major repairs, less down time, and more to write off when paying the taxes. Last year my dad avg. around $1.75 for all miles. He pulls a flatbad and hauls mainly oversize structural steel and construction equipment for a large construction company that does business all over the country.
Originally Posted by mbadriver
It's not like your buying from Joe's Buy Here Pay Here Cream Puff Used Motor Cars.
You talk to the driver and mechanics and get one that just had a new drive train or engine. Superior's equipment might not be the purdiest, but they are pretty good on the maintenance.
Originally Posted by hamboner
That is valid point DD60. The reason trucks depreciate so fast is because they become increasingly costly to maintain. With a truck in that price range I would not put a major breakdown out of question. If I were gonna run something older I would make sure I had a reserve set aside for the just in case scenario...... as in another $15,000 grand set aside for an engine overhaul.
Originally Posted by DD60
Originally Posted by Skywalker
Actually, while you are entirely free to exercise your opinion....like the rest of us, I fail to see where you actually have a problem, considering the following:
Oct. 8th to Dec. 31st, 2007 Gross: $31,803.78 Total fixed and variable expenses: $20,462.93 Taxable Net: $11,340.85 Hub Miles: 27,678 (ALL ODOMETER miles off-duty and on-duty.) Avg.: $.409/mile Days Working: 52 Days Off: 33 Regardless of cpm or anything else, the most salient factor is simply that in an 11 week period, during which he took off 33 days, he still "netted" $11,340.85....which in true "truckers math" that being applying the $$ only to days or weeks worked.... he made $11,340.85 in 7.5 weeks, or $1512.11 for each week worked. Not bad after all expenses. Since you're such a "high-roller"...suppose you post your numbers? Or are you "sceeeered"? Oh, never mind that had he done it like a true lease slave or indentured O/O with a supertruck....and had he stayed out incessantly for the entire 11 weeks ....he would have netted $16333.21 for 11 weeks. Oh, and lets not forget what time of year this was....with major holidays and slowdowns involved.. Lets take it just one step farther... if he was to do it true "chickenhauler/truckdweller" style....for 52 weeks out of the year, that would net him $78,629.72. But he has other priorities and isn't going to do that. 8) While you might declare $3.00+ to be your revenue....thats wonderful, but for how many miles? 3 X 100 is only 300. 10 X 30 is 300. SO, the reality is that without some forthcoming exposure of your actual and realistic numbers....the situation remains: Opinions are like assholes, and you have one too.....but the difference lies in the fact that yours lacks substance 8) Your numbers, please?" Please show me where I claimed to make 3.00+ a mile? From Oct to Dec. I drove 19,000 miles and grossed 33,889.00. This is for all miles ran including deadhead. My truck is a 2000 classic and not much worth more than 30k and my highest out-of-pocket expense is my insurance since I have my own authority. These numbers will change in the upcoming months. Hopefully in an upward direction. :lol: BTW,those fixed variable expenses can change if something drastic happens,such as losing a motor or transmission. It is not impossible to make it on 1.18 a mile if you are busy enough and hardly have any problems with the truck,but to me it isn;t worth the risk. A company driver can earn 1552.00 a week and not have the headaches and hassles of owning a truck. If either the motor or transmission go out within a 60-day period you could be looking at 20k or more plus weeks of downtime to replace it. With an old truck priced at 15k this makes it even riskier. |
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