First Week as a Knight Transportation Lease Operator/Purchase Pay Dry Van OTR Trucking Mega Carrier
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- Опубліковано 30 лип 2024
- Link to the Lease Profit/Loss Spreadsheet
docs.google.com/spreadsheets/...
Interested in Becoming a truck driver? Want to drive a tractor trailer for a living? Want to get paid to see the country? Knight Transportation Offers Dry Van or Reefer. No CDL No problem. Knight offers a CDL School. Click the link below to contact a driver recruiter.
knightfriends.com/177155
Link to the Lease Analysis Spreadsheet.
docs.google.com/spreadsheets/...
Google link to the company pay spreadsheet. It was converted from Excel to Google Sheets so some formatting issues may have occurred.
docs.google.com/spreadsheets/...
Blank Company Driver Spreadsheet
docs.google.com/spreadsheets/...
Interested in driving for Knight Transportation? Click the link below to contact a driver recruiter.
knightfriends.com/177155
lol man you better stop playing and return that bs
Who in their right mind would work for knight?
@truckingthesevenseas your doing the most important thing that 95% of O/Os refuse to do. Tracking the numbers. Look into Profit Gauges, at Let’s Truck for a great accounting system made for trucking that will provide you and your tax preparers a great P&L and business report. You seem like a smart guy, maybe should have just bought a used truck and leased on to Landstar or Mercer, etc etc , you’d make more money and drive less miles, be way more control of the maintenance other cost, and your life in general.
ua-cam.com/video/-qXzbGKS6GE/v-deo.html
That's exactly the plan. I talked about it in this video. Test drive this vehicle, wait out the trash market and then go Land star. I'm not in a hurry to make the leap at the moment. Next year though.
@@truckingthesevenseas If your overall “good” plan is to go work for a company that takes over 30% off the top from you then I don’t care how good you are with numbers or how dedicated you are you’re fucked. The industry standard to lease a truck to a company is 10~15%. Landstar has been absolutely raping people for decades now just like knight. It doesn’t matter how amazing their drivers lie and say they are I promise you their freight is not 20-25% better than the open market to justify what they take off the top. So step one get away from knight turn that shit in and just go drive a company truck so you can actually make money while you learn all this stuff and step two stop looking at huge mega fleets as a way to be profitable as an individual. They don’t care about you, they will NEVER care about you. Start making friends that own 5-10 trucks and lease on to them and take home 85-90% and you’ll find out what actually making money in trucking is all about. Preferably one that’s in a niche market like ltl reefer or oversize.
Say NO to cheap freight !
😮😮 that’s horrible! You brought in almost $6000 in revenue for 3347 miles and you only bring in $1660???? Bro turn that truck back in!!!! Holy Hell that’s awful!
I know company drivers who make way more than that ….
50 cents per mile is a joke
If u added da $2k for tires dat he didn’t needed but wanted, his check would’ve been $3660!!!
He needs to train in order for it to work
I was making that with Swift (you are actually Swift) 17 years ago running less miles!!!!!!
Not worth it if you gotta shell out 1000 dollars a week to knight. Dont know why people keep doing those purchases for mega carriers.
Because they are absolute morons!
Stupid is what. Stupid does.forest gunp famest saying.
They own the truck. The driver works to pay the expenses and maintenance. Perfect plan for mega carriers. I was a company driver to learn the business. Saved my money and then purchased my own truck.
they never give you anything back, as you will find out in the end no matter what they tell you
I agree with you 💯 💯💯💯 They're going to find so many reasons not to pay you at the end 💯💯💯
😂 very true I had a buddy buy 2 trucks like this and when he wanted to start his own fleet him thinking the trucks where already paid off they said nope not your trucks read those contracts very good and it'll stake it there you and the truck needs to be with knight at all time
@@truckinitwithedward3886that’s what leasing is all about. Maybe your friend wasn’t the brightest 🤷🏼♂️
I don’t understand why anyone would run as a lease operator. $1650/week is what a company driver makes without the maintenance costs. Once you take your taxes out, you’re clearing about $1100/week. Great content in the video but those are some tough numbers to see. Good luck to you brother.
I averaged 650$/Wk with Knight refrigerated, I never refused one dispatch.
@@BobCrane787 I’m sorry to hear that. Good that you didn’t refuse any dispatch. Because of that level of commitment, you are owed more than $650/week. Hope you have found a better gig somewhere else! Be safe driver.
@mileclaimer132 I appreciate it, I'll see where the road takes me.
Good luck brother.
Thanks for being out there, making sure freight moves.
FKJOEB!
Good luck with your truck, drive safely and enjoy life.
Well done, like your presentation, good spread sheet. Can plainly see that keeping up on your expenses and revenue is key to success!!
Much appreciated!
All the best to you mate
Great Video.....everyones situation is different. Thanks for being transparent.
Thanks for watching!
Don't listen to all the steering wheel holders that have never owned and never will own a truck.
Awesome, I'm looking forward to this! I'm just almost finishing CDL school and talked with Knight transportation to go into a flatbed, and thought about maybe in the future doing a lease purchase, these series would be very helpful!
Glad you liked it! I'll keep them coming.
Looking forward to what??? Getting effed in the ass!! You people just dont listen! You will lose your ass in these types of programs jesus people
don't do a lease trust me
Just remember when you sign that lease and you give it back theycancom after you for the rest of the contract. Just like a car lease go work for somebody for a few years then go buy your own .only fools rush in.
The dedicated flatbed account I’m on the average company driver is making 100k with benefits home on weekends and can get home during the week . Keep your record clean don’t hit things don’t speed and tailgate show up on time don’t cause problems with customers and communicate effectively with dispatch . You will developed a good reputation. That will allow you to network into a high paying position . It could take a couple years but the jobs are out there . And fully fund your 401k before you run off and buy a new car , your spending a week or more in a truck and your going to leave your car parked in some random lot a 3000 dollar grandma Corolla is fine you might put 5000 miles a year on it . Also otr you can probably ditch having an apartment and bank that money as well . We have a local driver that rides a Walmart bicycle to work and leaves it I. His trucks parking spot makes 100k a year and rides a 100 dollar bike to work . I prefer my brompton it folds up nice and fits right in front of a freightliner passenger seat .
Been there done that run from golden Colorado it’s a beer 🍺 run,nice and Heavy.
I really like your video editing keep it up.
Thanks, will do!
Sounds like they are nickel and diming you to absolute death. That 3 cent per mile ifta charge is a complete scam. I don’t think I’ve ever seen my ifta bill ever be over 75 bucks per truck per quarter. This year I’m actually owed 300 bucks. I hope you get through this phase and upgrade out of the lease purchase
Hope he gets a refund, If you fuel up in the correct places he shouldn't pay anything. But this whole lease is legal slavery.
These new drivers think they are doing well by this.
Good luck . Dont worry about the ney sayers. You keep doing you
Thank you. Appreciate a positive comment from time to time...
Amazing video brother, absolutely loved how you broke everything down and explained it. SUBSCRIBED, looking to become an owner OP once the market rebounds a bit to around $2.20-$2.50ish
Appreciate that!
Lol ok
Welcome to the world of indentured servitude
This really puts things into perspective. I play american truck simulator with as realistic mods as possible and its almost spot on as to what your getting so thats awesome how close to irl it is
Glad you like it! I'll keepem coming!
Would you be willing to share your mod list with me?
That’s not a good income for an owner operator, I own my own truck and I take home after fuel around 13k a month.
great video, 🙏🏽 thank you
Leasing in this economy is insane
Nice explanation. Step-by-step. Regards
Glad it was helpful!
Make sure you take out .25 cents a mile for the Stealership. They make a percentage off everyones truck as well. $227.00 an hour labor in Atlanta. You'll need their software
Congratulations
@@Tony-lm5zs only people making less on a lease is people who don't understand how money work.
I never hit nothing in a couple years either, then just cruising in the darkness of a drop lot my trailer ripped off the radar sensor / grill of a company truck. Not turning, just cruising by straight in the dark. Woke that driver up out of a dead sleep 😂. We have the same model truck and honestly .40¢ - .45¢ cpm is average for me out west depending on weight.
A lot of short trips, but I wish you good luck
You’re hauling some of the same loads as me to the same places. I’m out of the Indy terminal.
Good luck brother be safe out there!
Thanks! Will do!
I love the little truck map feature it’s different.7:29😬!
If you going business school you was get kickout for doing this type of deal.
Drivers always say you git a bad deal, but never tell about good deals
Don’t let all the naysayers wear you down. Stay focused on your own goals. 👍🏻👍🏻
Thank you, I will
There's a difference between staying focused and being a sucker
Dumb AF
--i bought my first truck in 1979--had my own company a year later(my wife and i) --these lease scams are all the same--night is trying to pass expenses off to the driver--these lease scams have been around for over 50 years== now retired i help a company out here in northern nevada,short hauls,home every night--they pay me 2000 a week whether i work or not--all lease purchase are scams,bottom of the barrel but ignorance is bliss
I wish he would stop calling that a truck. And the miles versus what you took home is laughable.
Ride that steed right onto the bankruptcy court steps… you’ll have plenty of company 😂
working for 70 hours at 9 bucks an hour after all expenses he will make 630$ per week..not very smart
I use to drive for a company that was acquired by Knight. FYI: if you stop at Albuquerque again, you have access to the Swift yard that is 2 miles or so away. As a Knight driver, you can park there. There is plenty of room, and you can just bobtail to Flying J to use their shower or enjoy town conveniences.
Thanks for sharing all the content. That animation of the truck illustrating the routes you are driving is awesome. How are you doing that?
Travelboast app. Its available on the app store. And ya I knew of the swift yard but had a free shower at the Flying J... It costs me a light but at least I was clean.
It can be done. Just recently paid off my truck at CRST.
yeah will you made 9 dollars an hour--big deal
Average hourly pay before taxes $14.70 (Based on 36 days on duty, divided by total net profit, divided by 11 hours worked per on duty shift)
Man give Knight that truck back and go get a job driving a tanker as an owner operator.
Nice spreadsheet
Glad it was helpful!
drove for aa lot of years i remember calling dispatch and telling them fuel was 1.50 a gallon and they told me get 50 and head south i was in new england your fuel costs are more than i grossed i know you cant imagine a fuel war where all the stations lowered the price 10 gallons to fill my vw was 2.50 25 cents a gallon how much of todays fuel is tax theyll never lower the tax its only going up tractors keep getting nicer but its the same grind as before get loaded and hit the road drop is 60 bucks that sucks tried to get as much drop and hook as i could some places you were there allday getting loaded there needs to be some sort of pay dealing with down time at these venndors.keep up the channel it lets everyone know what its like driving its so much more than driving
those extra charges will end up killing you
Reach out to me when you start having peoblems. I drove for them for 9 years, leased two trucks, i have LOTS AND LOTS OF information available if and when you need it. Luckily, i had the resources to just purchase my truck out right but LOTS AND LOTS AND LOTS of pay issues.
Those drive tires should last about 2 years. So divide 1988 by what ever you drive in two years. About 2 cents a mile. Check your batteries and shocks. Steer tires last about a year.
I can't say because I never saw what your other tires look like for sure but I feel like giving the time of year that we're at it was probably a good idea to go ahead and put brand new drives on anyway.
I just hope they were not recap
They needed replacing. But looking back i probably should have waited. If something had been wrong with the truck and i had to turn it in I may have had to fight to get the money back for the tires. Hindsight 20/20
@@truckingthesevenseas I feel ya bud, but I know for me I fight my company every year around this time to put new drives on, I think we all feel safer having fresh virgin drive tires in the winter months.
I actually just quit a job over a mandatory chain policy they instituted after 3 years of working there I have 2 weeks and left.
You can never be to careful with your safety and what makes u feel more comfortable
wow ,lucky you got a used truck ,i retired paid off my home and retired 2yrs ago
I bought 2 from Knight with low miles an warranty.
Get your LLC do not operate as a sole proprietorship. If you do you might as well be a company driver
Do a video on how to do a spreadsheet w numbers app on iPhone
I feel like those truck payments kill any real profit that could have been made… wouldn’t it be cheaper to find someone selling their truck and seller finance it?!
Absolutely. Wanted to try leasing to in order to protect against... say...idk.. the fifth wheel being bent. Just got a new one installed for free. Will later purchase the vehicle with a bank loan if everything works out.
Keep updating us please
Interesting video buddy 🤔 But it does seem like a lot of pay out dosh 💰 for little reward 🙄 See how it goes!! Take care 🏴
Don’t see how it can possibly be worth it to run for that. A couple of months ago that was company driver pay
Take away the one time tire purchase and he made over $3600 for the week.No company driver made that in a week.
@@user-qy5pq9hg2r Your right, I make $3900 as a company driver and am still home on the weekends.
Let me know when you received the bill for the truck $ 450 a wk equal $1800 a month for a new one uh!!!!!
So you bought yourself a job in the worst freight market since I started in 2008...Good luck with that, Really mean it driver. Good luck
Industry driver success rate for lease purchase programs is around 3%. That means very few drivers actually end up owning the vehicle. The vast majority turn it in well before completion. This is purposely designed. The companies make much more money if the drivers fail because they can then lease it out to someone else. In the meantime the driver is basically paying the truck payment for the company, plus the company makes a profit from the drivers loads. The whole thing is a scam.
Well it’s not just leases it’s owner operators as well and it comes down to a lack of understanding your numbers and not knowing how to maximize efficiency for most of them . I know successful owner operators as well but they are not driving Pete’s down the road at 75 or 80 trying to chase miles all your accomplishing doing that is to run your expenses per mile so high that you lose money on every mile you run and if your not tracking your numbers you won’t realize it until your bankrupt .
You look like a dispatcher undercover
Great video bro… I was going to work for knight years ago,but you had to become a company driver for 6mths before you could lease a truck…. Is that still going on over there?
Sort of. Its been lowered to 3 months. So you need to company drive for three months and have 9 months OTR experience at any company before you can apply. So 3 months at knight and 9 months of experience.
In 3months he be starvin.lots of short runs.my avg miles per load dry van is 1100.
Hey there ! Do some long term math. Calculate the average of what you have done with expenses in a few months and put it up against the average of those revenue rates. Do this for an estimated 3,4 or 5 year period . You’ll find those loads don’t pay enough per mile , which forces you to run miles to make your bills. Miles equals maintenance and wear on the truck. Look in truck paper what that truck is worth after you run up the miles , versus what you are paying for it. You got the fuel efficient rig which is a plus but over time the rates will eat the truck alive, and your fuel bill. You need to make more in a shorter amount of time. Mega carriers have lots of perky benefits from their size , but their rates just force one to wear out the equipment too fast while making the low end of the o/o spectrum. Plus, your life is spent always driving…Go to a place where you can dispatch yourself and work on percentage. You’ll get more flexibility to choose better loads for you. When you’re dispatched , someone else has the control of where and what you do. You have a lot of skin in the game . Carrier makes $$ no matter what rate you haul for. They don’t care if you go broke in time , someone just like you is waiting in orientation. Be careful… and best wishes on your quest !
Do they control what tires your allowed to buy ? Or can you install the Michelin low rolling resistance tires ? Would they allow you to go to synthetic oil which equals lower churn and better fuel economy . Just going to the low resistance tires can save you 15000 in fuel costs a year . Also when you chose a lease truck do they allow you to take it to an independent mechanic to get checked out ? This should be interesting to watch but it’s convincing me to be thankful for my dedicated regional job so far .
Tires aren’t saving anyone $15000 a year in fuel.
@@brianhoppenrath8379 they are if they increase your fuel economy buy nearly 10 percent . And they will .
I have been known to make this much money, gross in a week,as a company driver. I've been saying it for years lease purchase is a rip-off.
Maybe you could get a 5th wheel off of a parts trucks? Surely they keep some parts trucks around??
They ordered one and luckily it was there the next day. Im back on the road
Hey Buddy, let's talk about your Net Profit Lease operator in a few months ???? I would like to see if you still in business ??????
We will be. I'll be posting a weekly update on how things are going. Good bad and ugly.
Great video breakdown. Where did you get the spreadsheet from?
I made it from scratch. Its available in the about section.
@@truckingthesevenseas10/4
The fuel surcharge needs to be tracked for transparency. The rate changes daily so if you are getting the same thing frrom Phoenix to Indiana and back to Phoenix you are not really getting the 100% fuel surcharge the shipper is paying. The complete 100% fuel surcharge is to go to the truck. Not to be shared with the company and driver, or broker and driver. Many companies and brokers try to take a piece of this when they are to be. Please look into this as I'd like to see you succeed as a lease driver and to complete your lease so you will then have your own truck. Good Luck.
We get 100% of the fuel surcharge. The fuel surcharge changes week to week. It does not change per load. It is being tracked weekly on the "Fuel Surcharge" column. Of the spreadsheet. There's three different fuel surcharges at knight based on geographical location. I'm based on the west coast so I get the highest fuel surcharge. If you are based in Texas its a lot less and the east coast is in the middle.
Buckeye to Albuquerque is an easy 4 buck a mile run WTH
Do you get to log "personal time" which doesn't count against your "legal" driving log time? I know it varies from company to company; with TransAm you can; with CRST, you cannot log personal time.
Personal Conveyance is allowed. You do not need to ask permission. I use it from time to time. As long as you dont go over around 50 miles they wont even contact you.
@@truckingthesevenseasWith personal conveyance, do you have to return to the starting point from which you started using it? Or can you go from point A to point B and then turn it off?
You are legally required to return to your starting point... Knight does not keep track that closely though so if you were to not return to the exact location you started in. Nobody will notice.
@@jessebarrios7534incorrect fmcsa law don’t required that but you can’t used to reposition near to your next load that is the gray area so is better to come to exactly where you stat to use the Pc so dot can’t have any Grau area to mess with you
PC can’t be used to advanced a load towards its destination
Zoan R? Is that like a muffler berring.
I feel like the lease program is predatory at best. Does knight have a owners program?
Yes its the same program really, minus the financing of the vehicle.
I’m fixing to get into Trucking in January with CFI for my CDL training. I’m single no kids no bills except for my cell phone and will live in my Truck to stack my money…..I’m excited to get out on my own and travel the USA with OTR and get paid doing it…..What’s your opinion on my situation? I’m the type of person who likes to be on my own and if I decide to get a girl I can bring her out either way me, so I’m not one of these that has to have home time every week or two weeks….anyway glad I found your channel 👍
This is exactly what I am currently doing. No Kids, house, or even a car. You can do very well for yourself in this situation. You are in a prime position to give it a shot. Just be aware the first few months of trucking will be brutal. Alot of stress and confusion. But if you can get through the first 3 months or so it gets very easy, relaxing and fulfilling. Give it a go
Come see me in ATL. I have a team run that pays well and Garunteed $1500.00 Minimum per week.
Awesome. Just wondering - do you have an academic background?
Yes I have a degree in History. I was also a communication officer (Computer Geek) in the Marine Corps.
how in the flyingfudge did you get in there wow must be
one of the top 3 companies Hmmmmm
As a lease operator, they don’t know, what they don’t know. Basically paying rent to drive somebody else’s truck, with a load of restrictions to honor the lease.
Youre paying 1600 a month to lease a 60k truck? At a reasonable interest rate to BUY a truck of that cost it would be a fraction of that... for 4 years at 5 percent it's around 1400, For that new of a truck you could probably get a longer term than 4 years however... Seems you got bent over on that deal.
1800 a month for 3 years. I intend to get a bank loan after i test drive the vehicle. Unlikely to remain in the lease.
You won’t find 5% interest in this market, especially as a first time buyer. You’d be lucky to find 10%.
@@stretchingmileswithstretch7227 maybe not, but it’s a general baseline stat, fact is 1600 a month for a lease on a 60k truck is pretty rough, why not buy one outright for the same money then sell it in the end to get some reimbursement from the deal.
@@towtruckajbanks are super hesitant now. You'd be looking at 15-20% interest as a first time buyer, if approved at all.
Please do a week 2,3, and 4. Do they take a percentage of each load? Last time I did a lease purchase, the company took 30% of each load.
holly molly 30% 🤬
No the pay a flat rate mileage. Not percentage based. I will do a week 2,3,4,5,6,7,8,9,10, etc as long as I am in the lease.
@@truckingthesevenseas thanks!! 😊
@@nafakaboy yes but I would average about $2.50-$3.00 a mile.
No they pay per mile with fuel surcharge
1st year is tough. You have to rely on tax write offs. But the 2nd year and the following are better. Less spending hopefully. Save money for that automatic and engine.
Thank you! I will.
Don’t forget you still need to
Deduct your federal and state income taxes (about 40%) plus an additional 15.6% self employment tax!
No it's nowhere near that much
I know because I wasn't independent for well over 30 years...
Self-employment tax is 15%
Federal and state combined is 15% if you have dependents, And it's even lower than that if you file jointly with your spouse.
And you end up getting a refund if you're paying a total of 30% when you file
Of course it all depends on what your net profit is for the entire year if you are under $75,000
And there's a good chance working for these fleece companies is that you're not going to net a $100,000 of profit
Being in trucking since 2014, you are getting scammed with 1,77 a mile , our average is 2,28 that’s a big difference dude
Does Knight put cab (spy) cam's in their trucks? I drove for Swift for about 4 years back in the mid 90's as a company driver (.25 cents PM) but spent more time sitting than running so got out of it. Always heard that knight trans was a better company. Hopefully now that they are one of the same they are better company's over all. Good luck to you in your new venture. Liked & sub'ed ya.
Knight doesn't have spy cams but swift does
@@truckingthesevenseas Thanks
If your trying to make that kind of money net . Come to J.B HUNT up in the northeast DCS .
How much after taxes?
You’re making .49 cpm?
Why didn't you buy another Volvo?They are nicer than the Freight Shakers.
Yea used mine at giltner was brand new at 75 mph and 73 percent 100 percent fuel charge
where u get tha beats from tho? they pretty dope specially when u drivin
UA-cam has a list of songs content creators can use. Its for UA-cam creators only though so i dont think they are available to the general public.
@@truckingthesevenseas well they hard tho lol
Do you driver. Is this a lease purchase?
Hey I just now found the other spreadsheets. Maybe you can do another video and go over the YTD (year end) and then also talk in detail about the MRP account and its funciton etc...... Thanks Oh...and NICE TRUCK!! I bet it feels good to be your the Boss and OWNER!!!
I'm planning on going over the MRP on not the next video but the one after. I'll show what is covered by Knight and how much of it. Stay tuned. What do you mean by YTD? The total profit section I added? What questions did you have on it?
That prewitt load was paper roles from the plant out there wasn’t it?
Yup. The only real freight coming out of that area is the paper factory in Prewitt... Pickup from there almost every time
If you're gonna do it,
Do it in Prewit.
They have short loads and heavy loads, for lease operators..and give all the light loads and long haul for the company drivers,
they have alot of those headlights sitting around if u give the mechanic a couple of dollars he will give you one, no biggie
You can make 2k a week as a Company driver and drive less miles
@@jarjoobinko i know of lots of companies i could go work for 2000 a week easily,home every night--he is working for 9 bucks an hour--after expenses he will have nothing year to year--one week means nothing,zero
Where at I'll put in an application
After taxes and I work nine hours a day local driver I make that in five days
🤞
As a 35yr trucking veteran, Your absolutely nuts to be leasing or buying a truck in this economy, u worked close to 70hrs and made $1600, Wait till your truck breaks down and the tow bill is $5k
You are absolutely right. This guy is day dreaming in colors 😂😂😂
How can or will you allow that beautiful spreadsheet to be shared so I can edit it?
docs.google.com/spreadsheets/d/19wKorxQCaQWMsK7rjDo1e_xHzXbFUuPUlpm7HWDv20E/edit?usp=drivesdk
You can download and edit it via excel. This link is available in the about section of my videos if you lose it. Enjoy.
Do you train?
Miles or percent.
Hey Captain! Great video. excellent excel work and description!! All you needed tho was to just show a "normal " week...youknow..after the first 2 or 3 weeks which are always wonky and have one off payments etc. Awesome work tho!
lastly...Can you explain exactly how all the mx gets done?j And the MRP accounting?? Do you hve any warranty?
Covering the Maintenance and MRP account in a couple videos. I'll be adding an "Average Week" column soon. Just haven't added it due to lack or data. Its coming though.
What most carriers do is charge you a per mile maintenance fee. Problem is that money is theirs if it’s not spent on actual maintenance, so they will cheap out on everything to keep the balance of their fund up
Don't use Zonar for your GPS.
I made more as a company driver
If you don’t mind what was the purchase price of truck
60k
Guess if your desperate to own a new truck you don’t mine giving them most of your pay check makes no sense to me good luck hope it works out for you
Also, was that $1900 with all eight tires?
Yes. All drive tires including labor.
@@truckingthesevenseas that’s nice