Get your facts straight. Those numbers don't apply to all. There are trucks out there worth 10 to 15k that breakdown less than new trucks. There are very good dry van for 4k or reefers 8k+. Having a low overhead is the key for those starting out. A new truck and new trailer is what will get most out of business quick. Also owing your own authority is the best way to start, if you will be leased to a carrier or broker then you will make lot less on your runs. Also it will be a lot easier for a do it yourself on most repairs and maintenance to save a ton. We need more owner operator out there to level the playfield against big Monopoly. I make 5k per week driving 6 days a week from AZ to CA for 9 months of the year and that's after expenses. I have done nothing other than oil changes and one alternator in two years to my 1997 Freightliner century. My weekly gross is 7800. So buy a cheap truck with a good engine in it (Detroit 60 series, n14 Cummins or cat) to have a reliable runner. Detroit 60 series by fat the most cheap to repair anywhere or buy and do yourself. I have been running hard for sometime now and have plenty of money to cash out a new truck and trailer, but why would I want to do that. Will just buy a newer Coronado with a series 60 and continue with hiring a driver. There are no limits in this business when you have the right guidance and information.
I have a freightliner with 20k shy of two mil, moles. It has a 60 series detroit and it just keep running. Last in frame was 1.1 million miles ago. A good buy would be a freightlinrr Columbia or century with a s60. Under 900k
Mike Johnson exactly. That's exactly how I do it. I just fix the truck up as a go, and it will be able to perform just as well as new trucks. These trucks are designed to run non-stop. They will pretty much last forever if you take care of it
Miguel Robb the only thing these new trucks have is comfort and technology which is not really needed for a work truck. They are Diesel engines obviously they will be super strong and powerful.
Cargo insurance- 250/week Trailer rent(or payment)- 300/week Truck payment- 600/week Tolls- 120/week Maintenance- 250/week Taxes- 300/week Company commission cost(unless you have your own authority in which case the taxes, insurance and everything else costs more)- 15% So truck 1 takes home- $1699.65 Truck 2 takes home- $1663.25 Now. These rates of $2.4 or $3 a mile are excellent. One every 6 weeks youll have a week like that where you go home for a couple days and still pull a good paycheck. Most weeks youll be at around $2 a mile and some weeks lower than that. As of now, april 2019, the rates move between 1.6-1.8 on all miles. Horrible rates and thats nation wide average on all loads. Companies lie to you because once they get you tied up to a truck, they keep collecting the commission and the truck payment while you struggle to get by. Its a dirty bussiness. I have a company and i work only with owner operators but i dont lease trucks. Cause i dont wanna destroy people. And i tell my drivers the truth. Right now the truth is theres no real money to be made until 2021. All the contracts up untill then are cheap. This guy on the video didnt even account for commission so i guess he wants you to believe he works for free. Be careful , dont get fooled !!!
excatly. i change so many companies here in chicago area from renting or doing half & half now i deceide to work as i comp. driver. 1500$ flat a week. on west coast they still offering 45-50c per mile. loada to california are so cheap not even for gas.
The words Owner and Operator mean INDEPENDENT. This term now means lease on to a company. If an independent driver leases on, he becomes an operator, not an owner.
One factor that you didn't break down in detail is the actual hours on the road. That would be really interesting to see how much more time it took for truck 1 to make that extra $100 dollars. I'm guessing it was around 8 hours of driving. Great video. I'm not a trucker but I'm thinking it might be a career to get into after I retire.
I was told they’re having good luck with the Detroit motor with all that smog crap....What’s always work for me a third for the truck that includes Payment tires breakdowns etc. a third for fuel,A third to the driver. Get a couple months no breakdowns the bank account gets high for the truck
That's not your only expense! You got taxes, truck insurance, Workers comp insurance, driver salary, and if you're pulling your own trailer. You may have to pay insurance on it if it's not included with the truck. You don't start making real money until you own at least 4 or more trucks. And the profit off of each truck average between $500.00 to $1000.00 per truck a week.
@@williewilliams8754 if start up cash isnt a problem, would it be smart to hire logistics/dispatching to make sure they keep the trucks rolling and start with multiple trucks within the first year? I'm looking for passive income and I have reserves on stand by to reduce downtime.
You own your truck (or paying for it)... You make a lot, You spend a lot... for the truck, and fuel, and business costs. You end up with about 40% of your gross. If you are doing it smart and correct, you write off as much as possible as tax write-off, which you should and must get. It's best to own your own truck, a used one, an old one. And don't pour money into it unnecessarily. Quit goin over 59mph. Don't be stepping on the accelerator when you're going downhill. Quit stepping on it to pass cars and other trucks. (Both = All your earned net income is disappearing by the hundreds of dollars A WEEK). Common sense MPG stuff. ...then somehow you'll do okay.
After seeing all your comments I would have thought everyone would have understood he is showing the basics of the operator of the truck it’s up to y’all to take out the rest of the expenses be cause none of y’all have the same amount of expenses after this basic numbers However Take 1/2 the above net for your net before taxes is a very good estimate per month $20.000 a month = $10.000 net to y’all before taxes is a good average
Just had a 15k brake down put me out for 3 weeks with the rates being at rock bottom truck depreciation truck payment insurance ifta no health insurance I'm starting to look at McDonald's employees as winners
If you are an Owner Operator how a 15k break down can put you out of bussines? It make no sense you are supposed to make 3k to 5k a week , where all that money went? Vegas?
@@unknowndriver6652 what freight are you pulling? With cheap freight out here it's hard to save for that type of repair. With loans to pay on and personal expenses at your house and truck expenses such as insurance which is high as hell and other unexpected expenses how can you say its unbelievable. And you say 3k or more a week pay, that's ridiculous to say considering that amounts aren't the same each week unless you on a contract. You must be a company driver talking like this
@@unknowndriver6652 it costs me 10k a month to run my truck.... 4k a week ×3weeks= 12k I take one week off so I pocket 2k per month. 2k might seam like alot to you but for the amount of work I put in it comes out to $3.98 per hr
THE difference between driving 2330 miles and 1769 miles is 561 miles. At 2330 miles, is ruffly 8 hours more driving then at 1769 miles. At $100 difference as shown on board, that is only making an extra 12.50 an hour for 8 hours for that $100 bucks. Not worth it.
How do you NOT get detention? Negotiate it from the start and have it put on the rate con. If they try to put something in the contract you don't like, cross it out! Do not agree. I've got 100/hr from CHR and TQL. Nobody gets my equipment for free. I usually bill 60-80/hr in 15 minute increments. Whether it's FCFS or appointment I get an hourly rate after the first 2 on both ends...period.
I agree with you on the mileage !!! One guy told me am average 3.07 loaded miles ...well what about the empty miles ??????? Who pays for the empty miles ?????
-Ryano- Ryan where the hell can u even find these 3$ a mile loads? I came into trucking as an owner op, and all i have ever averaged was 1.05 a mile with Werner. I have a paid off truck and i would kill to get something closer to $2 a mile
Miguel Robb search for them I find them often, very often iv got a few important customers that only use me and they pay well I haven’t hauled anything less than 2.85 in over a year
2.00$per mile is junk. I get from 1.50 to 2.00$ brother going out mid west. I dont get less than 3.00$ coming back to east coast from mid west. Usually i get 2,700 -3,200 for 700 to 750 miles so way over 4.00$ per mile on reefer
Yes you should get over 3.00 mi going east look at all the tolls and fuel price is 3.60 a gallon out there .i know because i run the same..your cost to operate is very high going east..
You have to follow the demand the $3+ per mile is out there and plentiful if you know what when and where to look. Like right now Texas is a hotspot lotta 4-6$ mile pay lds around and iv seen upwards of that even. Yes it’s hard running so be prepared to be wore out if your not prepared to hustle then don’t bother lol
This is billy bigriger stand up when you read my comments im maken 5$ a mile i steal all my fuel and tires from various company trucks i religiously eat the doller menu at mcdonalds i run exempt paper logs im a very rich man
Or you can buy a broken down frightliner for 7000 and haul containers its not top doller frieght but its plentaful and with old shitty truck overhead is low when you get dot just act like you speak no english and you will be wealthy man
Michael Grossman dollar menu? Fuck that. I make turkey and cheese sandwiches in my truck. 50cent a sandwhich!! And 3 big cases of water battles from Costco.
Anything under $3 is too low.Stop with this race to the bottom.We have to stick together.Truck 2 made moneyTruck one you lost money.Why work so cheap???U under cut other drivers!!!!I wish drivers would stop taking less than 3 a mile.You are stuck on that $5000 mark stick to rate per mile.
As an OO this is not complete. What about food and your monthly maintenance that you WILL pay for. You also have bills on the truck, trailer and both insurance coverages for both commercial and personal. Let’s not forget the random hotel stay that you may make. You lose money every time your breath
Hi Guys, I originally found you guys on UA-cam following the Hot Rod power Tour. Love your ride. I'm in my fifties in the CT/MA area. I have my CDL and I'm thinking about buying a truck and going trucking. Any advise on how to get started being an Owner Operator? Thanks for the videos. Maybe I'll find you soon at a car show. Thanks
this is the bare basics what this guy is showing you. there's alot being left out. first you pay your expenses, then your truck then your driver then the owner if anything is left.
Quit a few people who go into buisnss for the first time think they pay themselves first then the employee then expenses...and leave out paying your business.
Im in NC as well and Im trying to get into end dumping and was wondering can i haul a Mac 6 axle end dump its 36ft 102 wide and 92 tall and would my day cab need to have a tri axle on it looking at Frightliner Cascadia and International Prostar? I have been looking into companys to work for before hand as well
Ok kids... Our instructor is forgotten many basic trucking expenses. These are not “take home” numbers he showed. Maintenance. I figure .20 for truck and .5 for the trailer. Every single mile. Truck and trailer payment. Insurance expenses. Plates, 2290, ifta, ect. Tolls, UCR filings, Replacement cost of equipment. Factoring fees. I could go on and on about expenses but my coffee will Be getting cold... Know your CPM. (Cost per mile) with every single expense. Then you will know if the load is profitable.
Chris Barber I’m at a loss to why everyone else didn’t understand he is just giving bare bones cost and income. Which is actually all he can say No two people have the same operating expenses Everyone can simply deduct there company expenses from the numbers he said Seems like a lot of uneducated people are watching the videos
I enjoy guys coming up to my older w900 (paid for) taking pics and asking questions. Most say their owner/ops. Come to find out they are lease operators or I call them rental drivers. Most say they are not making any money. I simply ask “What’s you’re cost per mile?” 99.9% have no idea. I explain this simple formula. They leave a bit more educated and depressed. However, now they know the expenses of running a truck.
Everyone is a boss today funny but sad. Tell these people the truth. When the market is bad it’s all bad and that’s just the beginning. Best way to sum it up is this. For owners it’s mostly all divided in 1/3s. This means a 1/3 of your yearly gross will go for fuel, 1/3 will go to company/all truck maintenance(paperwork) and the last 1/3 is yours more or less but this is the deal. It does help if you dispatch yourself but it requires a lot of work and is stressful, only a few can do it. A paid off truck/ trailer helps but doesn’t make an astonishing difference.
Let's set a standard of at least $5.00 per mile. Consider the time away from family, stress, health and time spent waiting at the customer for loading and unloading. If you pay yourself minimum federal wages per 24 hours a day, you will see how little we end up taking home.
Understand the rate you have to run isn't based on what the Broker wants to give you , its supply and demand if we have more trucks in one area the supply is high of trucks , so now you're competing for rates to get out of there . Less trucks that are in the area better rate .
A company had asked me to lease a truck with him and he will teach me the business. Says he wants to help me out. That’s all he mainly does is owner operators. I understand it’s kinda vague info but what y’all think?
im interested in the O/O field after steven's has been screwing me for 2 yrs as a co driver at 38cpm. My question to all of you old riggers is how do you find your good paying loads? do you use load finding apps or do you find a company to latch onto? Another question is if I went for one of these 16-30k trucks off the auction sites I've seen in comments, do you have any tips on picking out a not-so-lemon-flavored truck? I'm not very mechanical inclined, so the most I can do is change fuses, oil, bulbs, mudflaps, or diagnose an issue for a shop. As far as the company driver jobs go, where are these 70-80k company driver jobs people keep talking about? Please keep in mind I'm staying far out of the northeast but every other region is fine. I don't like going higher than virginia or east of penny. Also, what should I take for an average CPM as an O/O? I keep seeing numbers like $3.00 per mile, but that seems a bit fictional to me, I'm sure those loads are out there, but I feel like I'd have to fist fight someone for that rate.
The only way to be a successful OO is to have a contract with a carrier which is hard to get. Load boards lead you nowhere. Having a contract will eliminate the hassle dealing with leaches-brokers who kill truckers industry. A contract makes you grow not load boards. Another thing is if you NET is less than 60% of your GROSS it is completely pointless being an OO because that means you basucally working to pay your money to government. And if your NET is not exceeding 100K a year you should quit and become a company driver where you can make the same or even bigger amount with a lot less hassle and headaches.
Good for you for saying tires turning (or even motor running) it costs money! FYI - I like Detroit's too! I run 1,500-2,000 mi a week, gross $4,500 - $6K. $3 mi. I don't drive a lot of miles, so, I need to keep my rates higher. 5 mpg? I thought you were running a Detroit? You should be able to get at least 6 mpg if not better. The rate per mile is not changing you maintenance costs. Your miles run are. Granted, having a higher average per mile is what GIVES you the $ to pay the maintenance. HOWEVER Certain expenses are fixed regardless of miles. Ins, plates, taxes, etc. You run less miles, the cost per mile on those expenses are higher!!! Keep that in mind.
Mike Mascow how much do i need to save up to get a truck ive seen some prices around between 50 to 70k what percentage down do i need to pay down? I want my own truck. I drive for schneider currently.
James Cannon. There are far too many variables to answer that here succinctly. You should always start any search by asking yourself, what type of work am I going to use the truck for? Are you going to drive it or is someone else? How long do you plan to keep it? What is the rate you expect to get paid? What is your budget for fixed and variable expenses? Will I need to buy a trailer or can I rent/lease or just run Power Only? Then, you need to understand what your basic cash flow is going to be. How soon will you get paid for the work you just did, versus, how soon do you have to pay the bills for the work you just did? Bills include fuel, tolls, meals, any repairs or parts you had to buy while on the road. The real question you should ask yourself is, how much MONEY do I need to have in my bank account after I buy my truck and start my operation? What is your "emergency fund"? How much of the revenue you generate are you going to set aside for things like: 1.) Paying for your next repair 2.) Budgeting for long-term repairs/replacement, including replacing the truck itself 3.) How much do I need for next years plate/registration, taxes, fees, etc 4.) How much do I need for next years insurance down payment 5.) How much do I I need for an unexpected major repair, like rebuilding a motor or transmission? What kind of insurance do I need for me and my family? Life, Health, Liability Umbrella, Short and Long term Disability, Workers Comp? What is the plan if I become disabled, will I sell or hire a driver? These are just things I am thinking off the top of my head. You can probably come up with a whole host more questions if you put your mind to it. Here is an example. I wanted a pre-2k semi so I didn't need ELD's and didn't have to worry about repairing or maintaining costly and finicky emissions controls...I wanted a 60 Series Detroit 12.7 or 14 liter motor with a 13 speed. I found one with a brand new 12.7 motor out of the crate, rebuilt trans, new clutch, new radiator and turbo all 150K mi ago. Over $30K in repairs. I bought it for $10K. It needed tires, shocks, brakes, horizontal torsion bars, spring hangers and shackles, radiator flush and fill, fan clutch, thermostats, temp sensor, radiator cap ($6, cheapest part by far!!!), 3 axle alignment, work on the AC plus a good, deep thorough cleaning. I drove it 4K mi and the syncros needed to be rebuilt, when they did the trans, they didn't replace the air valve and related parts, which failed and tore up the syncro going from low range to high range. I've spent well over $10K getting the truck "right", maybe closer to $15K. So, all in, getting close to $25K Was it worth it? Heck ya! The motor is good for at least 1 million, and since I'll be driving and maintaining, a lot more. I now have a good trans. The truck rides like brand new, the brakes are all new and so are the tires, so, good to go for another 100k mi (at least). I am having issues with the temp sensor still. It thinks the truck is over heating on hill climbs. It isn't, an infrared heat gun proves it. I think we about have the situation nailed down. The AC still needs some parts. I drive it locally/regionally. I am home every night. I have my own authority and 23 years experience, so, I have my own regular accounts. I try to run about 1,500 - 2,200 miles a week and keep the average rate at $3 or higher on all miles. The work is seemingly always there, if not, there is always CH Robinson, Coyote, or Landstar loads (in that order, their are a few others as well) or the load board. I subscribe to DAT. Oh, and I am just pulling a 53' dry van. If you want to run flatbed, the work is endless...the rates are incredible, it is more work and you need more components, tarps, load securement devices, and know what they heck you are doing, but, you can do very well financially and always find good paying work anywhere you want to go! I also see reefer rates are good. I don't particularly care for running them myself. The reefer units are noisy when you are trying to sleep, the wait times can be extensive and the pick up or delivery schedules are all over the board time wise. It can really play havoc on your sleep schedule! Definitely a younger persons game! Good luck to you, feel free to contact me if you have more questions.
Mike Mascow hey mike I’ve been reading your replies you are very knowledgeable. I’ve just began to take an interest in trucking and am looking to start CDL training. Could you shoot me an email so I could learn some things? Cortes.nick89@gmail.com thanks
-Ryano- Ryan wait a second.... I remember you now. Those are flatbed loads. Of course you are going to have a a high paying per mile load. Those pay a hella a lot more than vans. But i did score a van load thats 398 mile load that's paying me $1343.
Sorry brother, but if your getting 5 miles per gallon your truck is outdated and you’re losing 40% NET PROFIT! A used Freightliner 2014 will get you 8-10 mpg and will run you 20-25k , you’d make that money back in 3 months
As a owner operator truck driver, how do you find subcontractor workers when you have emergencies and cannot drive your truck? Also, do you hire subcontractors to drive your truck?
I Haven't seen often on load Boards rates this high it's very tricky because one way rate can be this high but the way back it's only half of this rate
yep the market changes all the time.You just have to keep up with what's happening.I have lost money not looking into where we were going when i started out.
So imagine you do close to five thousand miles a week ? This week I ran 5600 miles ,I am not a owner operator, and 5600 miles is possible just learn to cheat you logs and pay for a prepass so you bypass weigh stations . You can make 10 thousand in a week ? Or is that not realistic ?
Sorry but these are not real numbers. You need to include all other expenses like insurance, repairs, etc... being an owner operator is not that easy specially when the load rates sucks!😏
How long does it take the shipper to have the money in your company account ? Before the run or after the run any wait times for them paying you by Friday ?
What about the other expenses, such as driver, maintenance, IFTA, roads pass fees and other things. My question is, how we can calculate the net profit weekly basis? I am brand new in the industry. Thank you sir
What about insurance and taxes and maintenance and the fact that people will pay you a dollar a mile since people destroy the market for allowing cheap work and taking time out to schedule work and do maintenance on your truck? Serious question, not being a smart ass
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Get your facts straight. Those numbers don't apply to all. There are trucks out there worth 10 to 15k that breakdown less than new trucks. There are very good dry van for 4k or reefers 8k+. Having a low overhead is the key for those starting out. A new truck and new trailer is what will get most out of business quick. Also owing your own authority is the best way to start, if you will be leased to a carrier or broker then you will make lot less on your runs. Also it will be a lot easier for a do it yourself on most repairs and maintenance to save a ton. We need more owner operator out there to level the playfield against big Monopoly. I make 5k per week driving 6 days a week from AZ to CA for 9 months of the year and that's after expenses. I have done nothing other than oil changes and one alternator in two years to my 1997 Freightliner century. My weekly gross is 7800. So buy a cheap truck with a good engine in it (Detroit 60 series, n14 Cummins or cat) to have a reliable runner. Detroit 60 series by fat the most cheap to repair anywhere or buy and do yourself. I have been running hard for sometime now and have plenty of money to cash out a new truck and trailer, but why would I want to do that. Will just buy a newer Coronado with a series 60 and continue with hiring a driver. There are no limits in this business when you have the right guidance and information.
I have a freightliner with 20k shy of two mil, moles. It has a 60 series detroit and it just keep running. Last in frame was 1.1 million miles ago. A good buy would be a freightlinrr Columbia or century with a s60. Under 900k
Jesus T well said old semi trucks are pretty much just as powerful
Jesus T get a super cheap one then pay for the repairs then it will run like it’s brand new
Mike Johnson exactly. That's exactly how I do it. I just fix the truck up as a go, and it will be able to perform just as well as new trucks. These trucks are designed to run non-stop. They will pretty much last forever if you take care of it
Miguel Robb the only thing these new trucks have is comfort and technology which is not really needed for a work truck. They are Diesel engines obviously they will be super strong and powerful.
Cargo insurance- 250/week
Trailer rent(or payment)- 300/week
Truck payment- 600/week
Tolls- 120/week
Maintenance- 250/week
Taxes- 300/week
Company commission cost(unless you have your own authority in which case the taxes, insurance and everything else costs more)- 15%
So truck 1 takes home- $1699.65
Truck 2 takes home- $1663.25
Now. These rates of $2.4 or $3 a mile are excellent. One every 6 weeks youll have a week like that where you go home for a couple days and still pull a good paycheck. Most weeks youll be at around $2 a mile and some weeks lower than that. As of now, april 2019, the rates move between 1.6-1.8 on all miles. Horrible rates and thats nation wide average on all loads. Companies lie to you because once they get you tied up to a truck, they keep collecting the commission and the truck payment while you struggle to get by. Its a dirty bussiness. I have a company and i work only with owner operators but i dont lease trucks. Cause i dont wanna destroy people. And i tell my drivers the truth. Right now the truth is theres no real money to be made until 2021. All the contracts up untill then are cheap. This guy on the video didnt even account for commission so i guess he wants you to believe he works for free. Be careful , dont get fooled !!!
excatly. i change so many companies here in chicago area from renting or doing half & half now i deceide to work as i comp. driver. 1500$ flat a week. on west coast they still offering 45-50c per mile. loada to california are so cheap not even for gas.
The words Owner and Operator mean INDEPENDENT. This term now means lease on to a company. If an independent driver leases on, he becomes an operator, not an owner.
Best way to make a million dollars in the trucking industry is start with Two million.
In which world do you get those numbers. I would like to put my trucks with your brokers.
Thanks bro this career is what’ll get us millions if we evolve it and buy more trucks and hire somebody to run it
One factor that you didn't break down in detail is the actual hours on the road. That would be really interesting to see how much more time it took for truck 1 to make that extra $100 dollars. I'm guessing it was around 8 hours of driving. Great video. I'm not a trucker but I'm thinking it might be a career to get into after I retire.
I was told they’re having good luck with the Detroit motor with all that smog crap....What’s always work for me a third for the truck that includes Payment tires breakdowns etc. a third for fuel,A third to the driver. Get a couple months no breakdowns the bank account gets high for the truck
Maintenance fund, driver wage, insurance, registration, tools, you should add this numbers as well to be more clear. Don’t delusnate people man.
check out this video...
ua-cam.com/video/Vp9dtRHztpo/v-deo.html
Exactly what I thought
That's not your only expense! You got taxes, truck insurance, Workers comp insurance, driver salary, and if you're pulling your own trailer. You may have to pay insurance on it if it's not included with the truck. You don't start making real money until you own at least 4 or more trucks. And the profit off of each truck average between $500.00 to $1000.00 per truck a week.
@@williewilliams8754 but you still can make a good living with just one truck right
@@williewilliams8754 if start up cash isnt a problem, would it be smart to hire logistics/dispatching to make sure they keep the trucks rolling and start with multiple trucks within the first year? I'm looking for passive income and I have reserves on stand by to reduce downtime.
You own your truck (or paying for it)...
You make a lot, You spend a lot... for the truck, and fuel, and business costs.
You end up with about 40% of your gross.
If you are doing it smart and correct, you write off as much as possible as tax write-off, which you should and must get.
It's best to own your own truck, a used one, an old one. And don't pour money into it unnecessarily.
Quit goin over 59mph.
Don't be stepping on the accelerator when you're going downhill.
Quit stepping on it to pass cars and other trucks.
(Both = All your earned net income is disappearing by the hundreds of dollars A WEEK).
Common sense MPG stuff.
...then somehow you'll do okay.
Appreciate the knowledge man I'm going driving in mqy
I am paying broker driver n fuel 48 states avg 4900 not take home after paying broker driver i am left wirh 500 a week
@Your Name Here yes it's not a joke. After all expenses paid you dont net much at all with the rates as low as they are right now
@Your Name Here what are you pulling dry van or flatbed?
@Your Name Here east coast. Dry van. All over and I'm not making money. All brokers keep saying 1k for 600 to 800 miles with 45k loads
After seeing all your comments
I would have thought everyone would have understood he is showing the basics of the operator of the truck it’s up to y’all to take out the rest of the expenses be cause none of y’all have the same amount of expenses after this basic numbers
However
Take 1/2 the above net for your net before taxes is a very good estimate per month
$20.000 a month = $10.000 net to y’all before taxes is a good average
Thanks for the insight, good show!
Remember to pay your taxes quarterly.
If u have a reefer you need $3.25 or above! I get loads all the time $4 and up it's very rare I take a load under $4. You just have to know brokers!!!
Hack Daddy - Official - Whom do you work with ?
What company you work for?
Bs
I really appreciate this great content. Look forward to supporting you.
My type of channel!Straight to business
Just had a 15k brake down put me out for 3 weeks with the rates being at rock bottom truck depreciation truck payment insurance ifta no health insurance I'm starting to look at McDonald's employees as winners
You are right. I make less now as a independent contractor than as a company driver. I have more expenses than net revenue
If you are an Owner Operator how a 15k break down can put you out of bussines? It make no sense you are supposed to make 3k to 5k a week , where all that money went? Vegas?
@@unknowndriver6652 what freight are you pulling? With cheap freight out here it's hard to save for that type of repair. With loans to pay on and personal expenses at your house and truck expenses such as insurance which is high as hell and other unexpected expenses how can you say its unbelievable. And you say 3k or more a week pay, that's ridiculous to say considering that amounts aren't the same each week unless you on a contract. You must be a company driver talking like this
@@unknowndriver6652 it costs me 10k a month to run my truck.... 4k a week ×3weeks= 12k I take one week off so I pocket 2k per month. 2k might seam like alot to you but for the amount of work I put in it comes out to $3.98 per hr
@@davesmith2150 how it cost you 10k a month to run your truck?
You're missing alot of numbers here man
THE difference between driving 2330 miles and 1769 miles is 561 miles. At 2330 miles, is ruffly 8 hours more driving then at 1769 miles. At $100 difference as shown on board, that is only making an extra 12.50 an hour for 8 hours for that $100 bucks. Not worth it.
How do you NOT get detention? Negotiate it from the start and have it put on the rate con. If they try to put something in the contract you don't like, cross it out! Do not agree. I've got 100/hr from CHR and TQL. Nobody gets my equipment for free. I usually bill 60-80/hr in 15 minute increments. Whether it's FCFS or appointment I get an hourly rate after the first 2 on both ends...period.
I agree if everyone would stop giving their time away we could put a stop to this nonsense!
Good tots and insight into how to negotiate from the onset. Would like to know the meaning of CHR and TQL?
That prices last seen in 15-16 , even 2.5 average???
I agree with you on the mileage !!! One guy told me am average 3.07 loaded miles ...well what about the empty miles ??????? Who pays for the empty miles ?????
The empty and deadhead miles are out of your own pocket. That's why he said he counts driveway to driveway like I do.
One of the best video ever 🙌 👍💯
What about after driver paycheck, truck note, insurance, etc. Great idea btw.
Do not take loads less than $3 or mile anything less is peanuts and shouldn’t be even considered
-Ryano- Ryan where the hell can u even find these 3$ a mile loads? I came into trucking as an owner op, and all i have ever averaged was 1.05 a mile with Werner. I have a paid off truck and i would kill to get something closer to $2 a mile
Miguel Robb search for them I find them often, very often iv got a few important customers that only use me and they pay well I haven’t hauled anything less than 2.85 in over a year
And you are liar if you say you don't, we all sometimes have to do it to get to $5 a mile loads ,if you don't you are wrong
@@captainflatbed.7927 you just contradicted yourself.You haul loads for even less than you are saying.
Not Brainwashed your gonna knock me over .02$ that was a backload lol good luck to y’all How much is your load putting in YOUR pocket today
2.00$per mile is junk. I get from 1.50 to 2.00$ brother going out mid west. I dont get less than 3.00$ coming back to east coast from mid west. Usually i get 2,700 -3,200 for 700 to 750 miles so way over 4.00$ per mile on reefer
PolishAdam TV are you talking about box truck or 18wheeler
P
Yes you should get over 3.00 mi going east look at all the tolls and fuel price is 3.60 a gallon out there .i know because i run the same..your cost to operate is very high going east..
I didn’t know DJ Vlad was a truck driver!!
You have to follow the demand the $3+ per mile is out there and plentiful if you know what when and where to look. Like right now Texas is a hotspot lotta 4-6$ mile pay lds around and iv seen upwards of that even. Yes it’s hard running so be prepared to be wore out if your not prepared to hustle then don’t bother lol
You probably believe in a Santa Claus, too
Not Brainwashed sure do and the Easter bunny too
This is billy bigriger stand up when you read my comments im maken 5$ a mile i steal all my fuel and tires from various company trucks i religiously eat the doller menu at mcdonalds i run exempt paper logs im a very rich man
Or you can buy a broken down frightliner for 7000 and haul containers its not top doller frieght but its plentaful and with old shitty truck overhead is low when you get dot just act like you speak no english and you will be wealthy man
Michael Grossman dollar menu? Fuck that. I make turkey and cheese sandwiches in my truck. 50cent a sandwhich!! And 3 big cases of water battles from Costco.
How much can a tanker owner operator can make?
Anything under $3 is too low.Stop with this race to the bottom.We have to stick together.Truck 2 made moneyTruck one you lost money.Why work so cheap???U under cut other drivers!!!!I wish drivers would stop taking less than 3 a mile.You are stuck on that $5000 mark stick to rate per mile.
I agree .
asif3969 specially being away from family!!!
Who do you drive for earning $3/mile?????
Were can i get at least 2.50 man for hot shot 3500 ram 40ft trailer 48 states they pay really low
What laod bord r u you using
The owner-operators are always the guys at the truck stops eating Ramen noodles.
Yes,you right.
why do you say this? one guy say he makes $5000 per week net after expenses
lmaoo so true
Keep the videos coming my new friend 😎
As an OO this is not complete. What about food and your monthly maintenance that you WILL pay for. You also have bills on the truck, trailer and both insurance coverages for both commercial and personal. Let’s not forget the random hotel stay that you may make. You lose money every time your breath
Hi Guys, I originally found you guys on UA-cam following the Hot Rod power Tour. Love your ride. I'm in my fifties in the CT/MA area. I have my CDL and I'm thinking about buying a truck and going trucking. Any advise on how to get started being an Owner Operator? Thanks for the videos. Maybe I'll find you soon at a car show. Thanks
What about insurance cost
this is the bare basics what this guy is showing you. there's alot being left out. first you pay your expenses, then your truck then your driver then the owner if anything is left.
Teneysia Leno yeah there's more to it than that this guy in fully explaining it to you
Is there a video explaining more on this? I start school next month trying to get all the knowledge I can
@Jake D
Not everybody. You would be surprised.
Quit a few people who go into buisnss for the first time think they pay themselves first then the employee then expenses...and leave out paying your business.
How is this bare basics? Not everyone has a lease payment lol this is real
Im in NC as well and Im trying to get into end dumping and was wondering can i haul a Mac 6 axle end dump its 36ft 102 wide and 92 tall and would my day cab need to have a tri axle on it looking at Frightliner Cascadia and International Prostar? I have been looking into companys to work for before hand as well
Ok kids... Our instructor is forgotten many basic trucking expenses. These are not “take home” numbers he showed.
Maintenance. I figure .20 for truck and .5 for the trailer. Every single mile.
Truck and trailer payment.
Insurance expenses.
Plates, 2290, ifta, ect.
Tolls,
UCR filings,
Replacement cost of equipment.
Factoring fees.
I could go on and on about expenses but my coffee will
Be getting cold...
Know your CPM. (Cost per mile) with every single expense. Then you will know if the load is profitable.
Chris Barber
I’m at a loss to why everyone else didn’t understand he is just giving bare bones cost and income.
Which is actually all he can say
No two people have the same operating expenses
Everyone can simply deduct there company expenses from the numbers he said
Seems like a lot of uneducated people are watching the videos
I enjoy guys coming up to my older w900 (paid for) taking pics and asking questions. Most say their owner/ops. Come to find out they are lease operators or I call them rental drivers. Most say they are not making any money. I simply ask “What’s you’re cost per mile?” 99.9% have no idea. I explain this simple formula. They leave a bit more educated and depressed. However, now they know the expenses of running a truck.
Is it better to get paid mile or by the load
Other things to consider. Insurance heavy vehicle tax registration unified carrier oil changes tires and maintenance.
Awesome stuff man. If you could show how much of the left over goes to the owner vs the drivers and other expenses.
Everyone is a boss today funny but sad. Tell these people the truth. When the market is bad it’s all bad and that’s just the beginning. Best way to sum it up is this. For owners it’s mostly all divided in 1/3s. This means a 1/3 of your yearly gross will go for fuel, 1/3 will go to company/all truck maintenance(paperwork) and the last 1/3 is yours more or less but this is the deal. It does help if you dispatch yourself but it requires a lot of work and is stressful, only a few can do it. A paid off truck/ trailer helps but doesn’t make an astonishing difference.
Let's set a standard of at least $5.00 per mile.
Consider the time away from family, stress, health and time spent waiting at the customer for loading and unloading.
If you pay yourself minimum federal wages per 24 hours a day, you will see how little we end up taking home.
Good point, wish it was that easy
I have no problem staying 3$ pm and above If it’s not at 3$ pm I make it that way with fuel surcharge. Tarp fees stop fees I make sure it’s tthere
@@miguelrobb5719 who do you work for and what area.
$5.00 a mile? Where just to start.
Understand the rate you have to run isn't based on what the Broker wants to give you , its supply and demand if we have more trucks in one area the supply is high of trucks , so now you're competing for rates to get out of there . Less trucks that are in the area better rate .
$2.5 per mile???)))))))))) what r u hauling?? Gold??))))))) where u get that numbers from????
A company had asked me to lease a truck with him and he will teach me the business. Says he wants to help me out. That’s all he mainly does is owner operators. I understand it’s kinda vague info but what y’all think?
Do your drivers find their load or do you find all?
im interested in the O/O field after steven's has been screwing me for 2 yrs as a co driver at 38cpm. My question to all of you old riggers is how do you find your good paying loads? do you use load finding apps or do you find a company to latch onto? Another question is if I went for one of these 16-30k trucks off the auction sites I've seen in comments, do you have any tips on picking out a not-so-lemon-flavored truck? I'm not very mechanical inclined, so the most I can do is change fuses, oil, bulbs, mudflaps, or diagnose an issue for a shop. As far as the company driver jobs go, where are these 70-80k company driver jobs people keep talking about? Please keep in mind I'm staying far out of the northeast but every other region is fine. I don't like going higher than virginia or east of penny. Also, what should I take for an average CPM as an O/O? I keep seeing numbers like $3.00 per mile, but that seems a bit fictional to me, I'm sure those loads are out there, but I feel like I'd have to fist fight someone for that rate.
I have 3500 ram 18 year and 18 40ft trailer i have 4 load bords i am not making paying driver n broker fuel how you do it
Shaffer Trucking is hiring. Refer to James Larsen when applying
This great for OTR truckers. But unfortunately, this does not apply for Los Angeles port o/o. 😠
You can tell this was from 2018. When the rates were great lol not any more
what about taxes, insurances, payroll, cell phone, etc etc. There are sooooo many other expenses that go into this.
These numbers are making my brain burn. I'm in over my head. I already know it.
If you need any help let me know, I just got into it myself. Once you get all organized you'll be good to go.
Teodor J. Stroie - The Ninja How is your experience on it so far
How do you budget for major repairs (engine overhauls, trans failures etc).
I put back 13% from my gross fore maintinance and other road necessities. Plus a truck with good bumper to bumper warrenty is a must.
The only way to be a successful OO is to have a contract with a carrier which is hard to get. Load boards lead you nowhere. Having a contract will eliminate the hassle dealing with leaches-brokers who kill truckers industry. A contract makes you grow not load boards. Another thing is if you NET is less than 60% of your GROSS it is completely pointless being an OO because that means you basucally working to pay your money to government. And if your NET is not exceeding 100K a year you should quit and become a company driver where you can make the same or even bigger amount with a lot less hassle and headaches.
Good explanation.
What about Flatbed owner operator
how much money i`ll make if i buy a semitruck and give it to someone to drive it for me ?
Your the man!!! bro!!
yikes must be dry van? or reefer?hazmat tanker or step deck be triple that at least
what do you think about the tesla semi trucks ?
Good for you for saying tires turning (or even motor running) it costs money! FYI - I like Detroit's too!
I run 1,500-2,000 mi a week, gross $4,500 - $6K. $3 mi. I don't drive a lot of miles, so, I need to keep my rates higher.
5 mpg? I thought you were running a Detroit? You should be able to get at least 6 mpg if not better.
The rate per mile is not changing you maintenance costs. Your miles run are.
Granted, having a higher average per mile is what GIVES you the $ to pay the maintenance.
HOWEVER
Certain expenses are fixed regardless of miles. Ins, plates, taxes, etc. You run less miles, the cost per mile on those expenses are higher!!!
Keep that in mind.
Mike Mascow how much do i need to save up to get a truck ive seen some prices around between 50 to 70k what percentage down do i need to pay down? I want my own truck. I drive for schneider currently.
James Cannon. There are far too many variables to answer that here succinctly.
You should always start any search by asking yourself, what type of work am I going to use the truck for? Are you going to drive it or is someone else? How long do you plan to keep it? What is the rate you expect to get paid? What is your budget for fixed and variable expenses? Will I need to buy a trailer or can I rent/lease or just run Power Only?
Then, you need to understand what your basic cash flow is going to be. How soon will you get paid for the work you just did, versus, how soon do you have to pay the bills for the work you just did? Bills include fuel, tolls, meals, any repairs or parts you had to buy while on the road.
The real question you should ask yourself is, how much MONEY do I need to have in my bank account after I buy my truck and start my operation?
What is your "emergency fund"?
How much of the revenue you generate are you going to set aside for things like:
1.) Paying for your next repair
2.) Budgeting for long-term repairs/replacement, including replacing the truck itself
3.) How much do I need for next years plate/registration, taxes, fees, etc
4.) How much do I need for next years insurance down payment
5.) How much do I I need for an unexpected major repair, like rebuilding a motor or transmission?
What kind of insurance do I need for me and my family? Life, Health, Liability Umbrella, Short and Long term Disability, Workers Comp?
What is the plan if I become disabled, will I sell or hire a driver?
These are just things I am thinking off the top of my head. You can probably come up with a whole host more questions if you put your mind to it.
Here is an example. I wanted a pre-2k semi so I didn't need ELD's and didn't have to worry about repairing or maintaining costly and finicky emissions controls...I wanted a 60 Series Detroit 12.7 or 14 liter motor with a 13 speed. I found one with a brand new 12.7 motor out of the crate, rebuilt trans, new clutch, new radiator and turbo all 150K mi ago. Over $30K in repairs. I bought it for $10K. It needed tires, shocks, brakes, horizontal torsion bars, spring hangers and shackles, radiator flush and fill, fan clutch, thermostats, temp sensor, radiator cap ($6, cheapest part by far!!!), 3 axle alignment, work on the AC plus a good, deep thorough cleaning. I drove it 4K mi and the syncros needed to be rebuilt, when they did the trans, they didn't replace the air valve and related parts, which failed and tore up the syncro going from low range to high range. I've spent well over $10K getting the truck "right", maybe closer to $15K. So, all in, getting close to $25K
Was it worth it?
Heck ya! The motor is good for at least 1 million, and since I'll be driving and maintaining, a lot more.
I now have a good trans. The truck rides like brand new, the brakes are all new and so are the tires, so, good to go for another 100k mi (at least).
I am having issues with the temp sensor still. It thinks the truck is over heating on hill climbs. It isn't, an infrared heat gun proves it. I think we about have the situation nailed down. The AC still needs some parts.
I drive it locally/regionally. I am home every night. I have my own authority and 23 years experience, so, I have my own regular accounts. I try to run about 1,500 - 2,200 miles a week and keep the average rate at $3 or higher on all miles. The work is seemingly always there, if not, there is always CH Robinson, Coyote, or Landstar loads (in that order, their are a few others as well) or the load board. I subscribe to DAT. Oh, and I am just pulling a 53' dry van.
If you want to run flatbed, the work is endless...the rates are incredible, it is more work and you need more components, tarps, load securement devices, and know what they heck you are doing, but, you can do very well financially and always find good paying work anywhere you want to go!
I also see reefer rates are good. I don't particularly care for running them myself. The reefer units are noisy when you are trying to sleep, the wait times can be extensive and the pick up or delivery schedules are all over the board time wise. It can really play havoc on your sleep schedule! Definitely a younger persons game!
Good luck to you, feel free to contact me if you have more questions.
Good read I found a truck for 16000 going to check it out tomorrow
Mike Mascow hey mike I’ve been reading your replies you are very knowledgeable. I’ve just began to take an interest in trucking and am looking to start CDL training. Could you shoot me an email so I could learn some things? Cortes.nick89@gmail.com thanks
You are real bad on math bro
What about truck maintenance. Year end taxes
Driver, there’s much more than that.
Is it worth buying a truck and hiring a driver?
Picking up Ld this afternoon $907.70-- 305 miles
nice one brotha, how you doing now? rates seemed to have dropped a bit
Teodor J. Stroie - The Ninja still no less than 2.96 a mile, having to turn down lds can’t get caught up I could another couple trucks
-Ryano- Ryan Damn that's pretty fucking good. Do you have your own authority? Do you do flatbed?
Miguel Robb 48’flatbed i run under somebody else’s #’s no headache
-Ryano- Ryan wait a second.... I remember you now. Those are flatbed loads. Of course you are going to have a a high paying per mile load. Those pay a hella a lot more than vans. But i did score a van load thats 398 mile load that's paying me $1343.
Sorry brother, but if your getting 5 miles per gallon your truck is outdated and you’re losing 40% NET PROFIT! A used Freightliner 2014 will get you 8-10 mpg and will run you 20-25k , you’d make that money back in 3 months
And have potentially expensive reliability issues.
As a owner operator truck driver, how do you find subcontractor workers when you have emergencies and cannot drive your truck? Also, do you hire subcontractors to drive your truck?
I believe this is when you have your own authority.
34hr RESET SHOW: nope. Just you with your truck that’s under someone’s else’s authority.
Give me the brokers name who has such paying loads. Because all that is provided is shit.. Unless brokers steal.
Are these your trucks? Or ur truck and another guys truck?
What load bord are u using
I Haven't seen often on load Boards rates this high it's very tricky because one way rate can be this high but the way back it's only half of this rate
yep the market changes all the time.You just have to keep up with what's happening.I have lost money not looking into where we were going when i started out.
How of gross is paid to a hired driver?
Great information thanks
You are not mentioning all the fees you have to pay
Is net about 40% of grosss?
40% to 50% is net
So imagine you do close to five thousand miles a week ? This week I ran 5600 miles ,I am not a owner operator, and 5600 miles is possible just learn to cheat you logs and pay for a prepass so you bypass weigh stations . You can make 10 thousand in a week ? Or is that not realistic ?
Are u loading owenrs?????
Is this for non-CDL?
Can you not wright these off your taxes though?
Insurance?
Your leaving out maintenance, food, showers, phone bill, etc.
You only made half of what you should have made.
If thats all you made, become a company driver, make same as O/O
Sorry but these are not real numbers. You need to include all other expenses like insurance, repairs, etc... being an owner operator is not that easy specially when the load rates sucks!😏
How long does it take the shipper to have the money in your company account ? Before the run or after the run any wait times for them paying you by Friday ?
30 to 45 days
Thank you brother
Buy the mile??? Man I get paid percentage and make more than by the mile. I’m grossing 5.5K-6.5K a week and drive the same miles as truck 2.
What about the other expenses, such as driver, maintenance, IFTA, roads pass fees and other things. My question is, how we can calculate the net profit weekly basis? I am brand new in the industry. Thank you sir
I don't want to cover that in my week video.I will make another video to cover this topic.thanks
My ram can hold 120 gallon at 2.27 diesal travel 48 states loads suck they pay 500 to 2300 n 1k to 2k far away ?
I get 7 miles per gallon on a 2015 volvo 630
Can I start a truck again business and hire people to drive for me
What company you sign on with?
Where do you find loads that pay 2,46 per mile ??? You are talking BS ......
frle frlic that’s what they pay in Texas all day
What about the driver pay that’s not all expenses you got to do all expenses on every truck so you can show the reality
What about insurance and taxes and maintenance and the fact that people will pay you a dollar a mile since people destroy the market for allowing cheap work and taking time out to schedule work and do maintenance on your truck? Serious question, not being a smart ass
are you accepting any one truck owner operator's, to run under you.
How much can I earn on a pickup truck?
i am looking for a driver position. Reply if you are looking for a driver. I like the way you breakdown your numbers.
I'm looking for a driver. form.jotform.com/82317176100144
How long does it take to get paid for a load?
30 to 45 days
How much insurance cast per month . Physical damage and liability and cargo ?
ua-cam.com/video/ML2psvBKzSc/v-deo.html
Maher A $66 a week