Man, dude I really appreciate you putting in all the hard work you do. In putting out all the good quality video's. New guys like me need to hear this! Keep trucking partner 😊
Very nice video Sammy. That low end example of 5 mpg's was horrifying. I drive part time for a carrier up in Canada and their Volvos D13 with the i-shift get 8 mpg's and better if you baby it along. With a tandem trailer load.. Love those classics but I could not stomach getting below 7mpgs...love your Videos....
Man, that boy at roadrunner lied to me. He told me ltl was payin 2.02/mile. I'm gonna have to call him out when he calls me back Monday. Thanks for the real numbers bro.
Jeremy Brugger maybe so. Not sure how or what people mean by their lingo. I was Linehaul. But everyone called it ltl. I did terminal to terminal. Coast to coast. Northeast will get you that or at least close lol
I say it cost 1.65 a mile to operate your truck for the cost of fuel,ifta,insurance,paying a driver wage ect.anything over 1.70 a mile is profitability
Hey Makecents , love your Videos bro, keep it up ... have a few questions i want to ask you . first one is "the 7% you take out of your check for maintenance on the truck , does that go on any kind of savings account ? second is "do you currently own a fuel card ? if so, which one ? or which one you recommend best for saving money while fueling method ?
my cost per mile is $1.08 before i even think about paying myself. double payments and warranty/regular scheduled service plus tire budget. now then, how about we talk about brokers and carriers stealing our fuel surcharge ?
Thank you for your info even tho my numbers may not match yours but now I'm thinking of buying a truck getting the load board learn how to build good rep and run
Great video bra appreciate all the information I been knew lease was bull shit lol I was making 2 k a week at Sysco local I wasn’t smart with my money tho but live learned
Hey bud been a while since I contacted you actually a couple years back then I was going to buy a truck and I still have yet to do it and I ended up buying another house cash but that’s beside the point I’m back on the truck idea again my question to you is what do you think about older trucks say the 1980s but they have been rebuilt refurbished in tiptop shape can you still make money in those trucks? Or are they hard to insurance or brokers gonnaGet in the way
Do you pay "cash" for fuel or do you put it on a card for easier itemization monthly and yearly? Also I dont see your home cost included in your calculations I know you've said wife kids animals ECT. Just curious. New sub thanks for putting out great vids mzand thanks jcanell for tuening me on to your content
I use my Amex Business for fuel Wayne. I find the cheapest fuel stops with Fuel Book app. I pay myself $1000 a week for the wife to handle the home side and im letting the business account grow. Glad to have you man :)
MakeCents Trucking Show Is it true, that you have to run these trucks over the road vs regional in order to keep the truck running, A trucker I spoke with, was telling me that ,if I only run the truck local it more likely to break down more frequently, because they're design to run. The only reason I asked if because, I had an idea to run loads from Vegas to Reno or CA to Vegas, short runs and hire a driver, which seems like it's doable, where I can pay my driver, fuel and still make profit ,but he says the problem can be the maintenence on the truck. Does that sound right?
This is some great info. The truck I want sounds similar to what you have. 2019 389 280" wheel base. 565 H.P./2050 Torque. 18 Speed. What should I assume my M.P.G. will be if (I drive @ 60 M.P.H.) I keep my foot out of it?
I can baby mine (2013 ISX CM 2350) and get over 7MPG. If i run 70ish, i can turn 6-6.2 MPG. If youre getting a 2019, you’ll prob have a 2018 X15 engine and ive been hearing they are more effiecent on fuel so i think you’ll be good to assume 7’s giving you baby it. Maybe even if you run a lil faster, i get what i get and i also have 4 Ft of trailer sticking up above my sleeper lol I need a wing!!!
Hey buddy just wanted ask a question I’m an lease driver for a small carrier and they mainly run just to the south east and just finished my first year being an owner operator and trying to get put on dedicated warehouse to warehouse run but like you I’ve been in the trucking business for 18 years
No not at all. I'd rather have a 13 now that I've had the 18. Better ratios on the low end not pulling heavy. But still not over kill. I have the option to go heavy, where as if I didn't have an 18, I wouldn't :) Plus added resale value.
Also, I don't see anything in your Cost Per Mile about oil changes, truck wash, tires, transmission, engine, repairs, parking, scales, brakes, etc. etc. All of that has to be calculated into your CPM. Plus what you want to make per mile. I appreciate your breakdown but it is so far off.
If you would've watched the video all the way through he talks about how he recommends having $20k put away in a maintenance account and having another $20k in available credit for stuff like that, and he's not adding his income because every driver is different and not everyone wants to make the same amount... good video with a lot of accurate info, you're just impatient and shitty at listening, if you dont like it then go learn how to drive truck and make your own videos
@@Sinister_Reaper I did watch the whole video. having a maintenance account doesn't change your cost per mile. Example: you can have $1,000 set aside for front tires lets say. That money had to come from some where right? So you need new steer tires and they cost $1,000. How many mile did you get out of the steer tires? Lets say 100,000 just for calculation purposes, so how much per mile did those tires cost? .01 cent a mile. everything on you truck has a cost per mile regardless of how much of a maintenance fund you have. A $300 oil change every 15,000 miles will cost you .02 cents per mile. Do you see what I'm saying? So many people don't break down their cost per mile so they really don't know what it cost to run a truck per mile. This is important because every mile you put on that truck costs, loaded or empty. And you need to figure in your static costs into that as well by dividing your monthly costs by your average miles per month. so if you have a $2,400 truck payment and do an average of 12,000 miles a month, your cost per mile works out to .20 cents per mile. Hope this helps. Oh, and you have to consider income, otherwise you are just wasting you time out here
@@TerraFirmaX you're breaking down the cost per mile of something that's already paid, at that point its not a maintenance fund, you never know how long a tire is gonna last its a variable cost, i've seen steers go 150k miles and some that blow after 30k miles, he doesn't do a set savings amount, he just puts aside random amounts each month so for him its not relative to his cost, if someone else wants to put a set amount away each month or per mile they now know how to calculate it for themselves
@@TerraFirmaX i found the easiest way is just to set aside $1000 a month, instead of being like alright i went 8,792 miles so ill put away $879.20, its easier just to throw $1k in the account
Reaper I understand what you are saying about putting a certain amount away. That’s not my point. And believe me, I know tire mileage varies just like fuel mileage. After some time out here you figure out your average. That was my whole point. It helps to have an understanding of what it cost so you are not pulling loads you can’t afford to pull.
Or how about this... We used to haul roses from Miami and pu ferns in ATL going to Chicago. They receiver in Chicago would unload the ferns and leave them on the dock so they could say the temps were way off and product was bad, wrote off as a loss but they kept the ferns. The roses we found the loaders were stealing boxes of roses as they put pallets on the trailer. So the receivers were short and another loss. Picked up a load of bagged potatoes that had some ripped bags on top so entire load rejected. Cargo claims happen.
The reason im not so diligent on fuel anymore. Haul ass average .47-.50 cents per mile cost. Drive slow average .4o cpm cost. .07-.10 cents dont mean nothing when you’re averaging $1.00 more per mile than what you’re use to.
sure. on a daily, mon-fri. On short hops MON. you book a load, bump a dock, deliver, bump a dock, paper work. TUE. same process. WED.same process THUR. same process. FRI. same process. Long haul… MONDAY… book a load, drive, sleep. TUES. Drive, sleep. WED.drive, sleep. THUR.Y Drive. and deliver, bump dock and paperwork. FRI. Get a another long and repeat. I should say, long hauls are less work. Less docks and paper work. Thats why i loved long haul. Its easier. Short hauls, you have to work lol
you have static and rolling costs. Its important to differentiate those costs. You insurance is insane. I for pay 175 a month for truck and trailer. Call First Gaurd insurance. The worst I ever paid with a brand new truck was 800. oh wait, you are on your own authority? that explains it all. so many on their own authority argue with me, they say they get 100% I always say, 100% of what? Look at those expenses, you should really look at leasing to landstar.
Van Freight ove $3 a mile before LS cut of 35% if you want to know real world numbers for comparison, here is my email: warrentrucker@yahoo.com I would be more than happy to show it to you. I was not trying to knock you, you seem like a guy that would do so well in this environment. and no, i don't get any commission for recruiting.
TruckerWarren oh nah I didn't think you was man. You were right though. I have a good friend at LS now and I've been in the bco side load board and compared to carrier side. By the time we get to a load, we will make the same that gos in our pockets. Bco side has some perks that I don't get, but then again I have some you guys don't. I'm wanting to grow or I'd be there already. Maybe my third year ins will drop real good and I'll start leasing guys on.
@@MakeCentsTrucking another question sir. After you bid on a load and you deliver do you have to pay the company that you're delivering to to unload? Or is that something that you're able to find out before you bid on the load? Thanks
I really have no idea. But from what I've experienced and learned is this. They all can be profitable once you learn the companies and how they operate. Best bet is save and get a truck from other source and take it to Landstar or similar :)
Soo from what I can come what with add everything together don't run anything under 1.50 mi. You always be good? You were miss quit a bit my man. Owner operator there's a lot to think about. Each state varies also how long you been a owner like you said. Counts.
Bro there are so many variables there. Ive mastered my business model with miles... miles and miles. If you can turn 2000+ mile trips at 1.5cpm then yes, you're good as long as you can keep those moving. But if its 500 mile trips. Then no, you'll eat so much time that if your expensed are high you'll go broke and out of business.
Ain’t gonna make much at a dollar 1.50 a mile... just going off my figures... there not the best bc I run a block down the road as well with a cat engine, I drive it right though... but I still only average around 5.2 to 5.7 on fuel mileage... sucks! I know! But when you factor everything else in, like tires, insurance, tags, insp, brakes, grease, oil changes, parts etc... your total operation cost should range from 1.25 to a 1.40 a mile. Lil gap there I know... but that gap depends on the fuel mileage you get... I’m closer to the 1.40 a mile cost of operation. I just run Texas at the moment... haul sack corn for deer seasons and carpet grass... both pay okay... 3.90 a mile for 🌽 and 4 to 4.50 a mile on grass... those are loaded miles though. U always dead head back so u gotta split the loaded miles.
no. business is business and home is home. I keep them seperate. if you budget your business between youre account and business account you dont need to add together.
Corsicasportinggoods Grace depends on the lane. They average .90-1.40. + fuel surcharge (.22 today I think) My run I was getting 1.00+FS out, 1.05+FS back.
My fuel is costing me, or would cost me .40 if i was getting 1.20 per mile. Truck tailer and ins is .26 per mile. if i added maintence of .10 thats an oparating expense .76. Then add .04 for other yearly things,thats .80 leaving me .40 profit. Good thing i dont see .40 profit lol
Breaking down fixed monthly costs into what it is in cents per mile monthly makes absolutely no sense. Not to mention no maintenance cost variable. I'm sorry brother but this video is ridiculous. Taxes? oh yea forgot about those too. Or your APR and interest rates on your nice big ol loan you have for you "nice stretched out w900 with a big ol cummins". I hope no one actually takes any advice from this video. Just my two "cents". Stay safe out there driver.
While building a safety net of $20k that is for maintenance or taxes or any other unplanned expense. How can I take more out when all profit is building that safety net? As far as a ratio, last year was .08 for the year, .09 for the prior year. When $20k is reached I'll use funds from maintenance fund to fit the bill be it tires, oil change, turbo, what ever. I'll add back as spent. That's my maintenance plan, build it up front and not basically finance it weekly as a cost per mile extra. As far as taxes... I've received returns for the last 4 years. But, if I get a tax bill to pay, I'll have it covered. We all have different ways of business. As long as we reach the desired point, then what's to question? Some take and build it as they go, I choose to build it up front and have plenty of capital afterwards to lower the then current operating expenses. Thanks Driver you too
I applaud your planning and saving for maintenance. However, you still have maintenance costs, including preventative and break down/emergency. You may not have had an exact number when you made this video. Now, over a year later, go back and see what your maintenance and repair bills were and divide by your miles for that time frame. Next, add that to your overhead(insurance, notes, and other monthly costs), and your fuel cost per mile. Now you will have a better estimate of your cost per mile to move your truck. Yes, you have your $20,000 fund, but, you have spent money from this and need to replace it. This is your maintenance expense and needs to be added into your cost per mile. Whatever is left over, is your profit. Now, you have to pay self employment tax, and health insurance, and retirement contribution. I mention this to help you compare to working for another company that pays you cpm, and benefits. Do you come out significantly ahead? I wish you well and hope that I prompted some future thought.
D Mc depends. It's overhead vs revenue. Miles turned vs. time. If you can turn and burn on both ends and pull plenty of miles to exceed your expenses then yes. You'll need to have a good run set up
There is the thing about speed and few if you're getting at least $2 per mile faster look on a beach but you're making up more than the cost of the fuel in additional revenue purba for our so going Faster can actually be more profitable they going Slow
When at RRTS i was at a ceiling of $1.20-1.25 per mile. I drove slow to maximize take home. I have authority now and average twice that and well…… i hardly drive slow anymore lol
Taylor Carr it is just like a credit rating. The longer you are in business and you make all of your payments on time or early your credit rating goes up. You keep all of your payments paid ahead or on time your line of credit goes up.
you have to add maintenance into Cost Per Mile. first or not, you cannot take loads without knowing what your ACTUAL COSTS are. You are fooling yourself. And IFTA doesn't cost me anywhere near that. Once you have a few years of tax returns, you will understand what real Cost Per Mile is.
oh no, ive got all of that. My videos are shot from the hip and i find it hard to fit everythng in at times. I forget alot of things. My Plan now is to grow a $20k nest egg. Then take .10 per mile. Past two years my maintenance cost has been under that. But Then again that was with a fully tuned and deleted truck. Time will tell with this one but im tageting a low expense, but if not ill have the funds avail.
I never get tired of watching your older videos! 👍
Man, dude I really appreciate you putting in all the hard work you do. In putting out all the good quality video's. New guys like me need to hear this! Keep trucking partner 😊
thats why I do it bro! appreciate ya :)
Very nice video Sammy. That low end example of 5 mpg's was horrifying. I drive part time for a carrier up in Canada and their Volvos D13 with the i-shift get 8 mpg's and better if you baby it along. With a tandem trailer load.. Love those classics but I could not stomach getting below 7mpgs...love your Videos....
It hurts lol I was use to that 7.5 and up with last truck and went to a Hood. I'm doing good now 6-6.5 with heavy. 6.5-7.8 with under 30k.
I really appreciate the time that you take to help us, man God bless.
victor castano thanks bro! I appreciate you find it helpful. Thank you sir
Very Good video that I can actually understand smart, I plan on doing it similar to yours minus my own authority.. Thanks..
I fuck with you driver. I'm on the same page as you. And the info that you're preaching is factual.
Awesome vid! Your vids and info have helped me greatly in preparation to run at Landstar after being a company driver for 11 years! :) Jeananne
Woohoo Congrats on the move!! Glad to help out Jeananne! Youre going to love it
I see now why people say don’t haul cheap freight.
Man, that boy at roadrunner lied to me. He told me ltl was payin 2.02/mile. I'm gonna have to call him out when he calls me back Monday. Thanks for the real numbers bro.
Jeremy Brugger maybe so. Not sure how or what people mean by their lingo. I was Linehaul. But everyone called it ltl. I did terminal to terminal. Coast to coast.
Northeast will get you that or at least close lol
Thanks for the numbers. Good video, very helpful.
I say it cost 1.65 a mile to operate your truck for the cost of fuel,ifta,insurance,paying a driver wage ect.anything over 1.70 a mile is profitability
Perfect 👌
Hey Makecents , love your Videos bro, keep it up ... have a few questions i want to ask you . first one is "the 7% you take out of your check for maintenance on the truck , does that go on any kind of savings account ? second is "do you currently own a fuel card ? if so, which one ? or which one you recommend best for saving money while fueling method ?
Yes, savings. I do, I have a xpo fuel card with wex and this one as well refer.amex.us/SAMUELj6J9?xl=cp17
@@MakeCentsTrucking THANK YOU SO MUCH BOSS
HOW CAN I APPLY FOR THE XPO FUEL CARD ?
my cost per mile is $1.08 before i even think about paying myself. double payments and warranty/regular scheduled service plus tire budget. now then, how about we talk about brokers and carriers stealing our fuel surcharge ?
Thank you for your info even tho my numbers may not match yours but now I'm thinking of buying a truck getting the load board learn how to build good rep and run
Thanks for your insight and time
Good video! What is the name of the rookie driver's page? Kato Kaelin? Give me a link if you can, always nice to see new drivers making it.
I do believe he deleted his channel. I think he started a new one though. I'll see if I can find out
Great thank you.
Great video bra appreciate all the information I been knew lease was bull shit lol I was making 2 k a week at Sysco local I wasn’t smart with my money tho but live learned
Most folks who buy a W9 aren’t extremely concerned with fuel mileage. Nice truck though. My dream truck.
This is true. If I cant stay under .50 cpm cost. I'm happy. Thanks man
Hey bud been a while since I contacted you actually a couple years back then I was going to buy a truck and I still have yet to do it and I ended up buying another house cash but that’s beside the point I’m back on the truck idea again my question to you is what do you think about older trucks say the 1980s but they have been rebuilt refurbished in tiptop shape can you still make money in those trucks? Or are they hard to insurance or brokers gonnaGet in the way
Do you pay "cash" for fuel or do you put it on a card for easier itemization monthly and yearly? Also I dont see your home cost included in your calculations I know you've said wife kids animals ECT. Just curious. New sub thanks for putting out great vids mzand thanks jcanell for tuening me on to your content
I use my Amex Business for fuel Wayne. I find the cheapest fuel stops with Fuel Book app.
I pay myself $1000 a week for the wife to handle the home side and im letting the business account grow. Glad to have you man :)
That's a good payment for a truck, that's smart
D Mc only better way is paid off lol
MakeCents Trucking Show You will, just keep chipping away at it.
MakeCents Trucking Show Is it true, that you have to run these trucks over the road vs regional in order to keep the truck running, A trucker I spoke with, was telling me that ,if I only run the truck local it more likely to break down more frequently, because they're design to run. The only reason I asked if because, I had an idea to run loads from Vegas to Reno or CA to Vegas, short runs and hire a driver, which seems like it's doable, where I can pay my driver, fuel and still make profit ,but he says the problem can be the maintenence on the truck. Does that sound right?
Thank you for the video .
Tom H you're welcome Tom
Where do you get your fuel surchage numbers for the week?
Thanks for this video
This is some great info. The truck I want sounds similar to what you have. 2019 389 280" wheel base. 565 H.P./2050 Torque. 18 Speed. What should I assume my M.P.G. will be if (I drive @ 60 M.P.H.) I keep my foot out of it?
I can baby mine (2013 ISX CM 2350) and get over 7MPG. If i run 70ish, i can turn 6-6.2 MPG. If youre getting a 2019, you’ll prob have a 2018 X15 engine and ive been hearing they are more effiecent on fuel so i think you’ll be good to assume 7’s giving you baby it. Maybe even if you run a lil faster, i get what i get and i also have 4 Ft of trailer sticking up above my sleeper lol I need a wing!!!
MakeCents, yes a turbo wing would pay for itself pretty quick!
Man I'm still tempted to get a 3k a month truck and Sacrafice for 5 years. Have a paid off truck at 500k and work it 10 more years
Good info!
Hey buddy just wanted ask a question I’m an lease driver for a small carrier and they mainly run just to the south east and just finished my first year being an owner operator and trying to get put on dedicated warehouse to warehouse run but like you I’ve been in the trucking business for 18 years
Go for it. I loved the dedicated stuff
Isn't it kind of overkill to drive an 18 speed pulling dry van?
No not at all. I'd rather have a 13 now that I've had the 18. Better ratios on the low end not pulling heavy. But still not over kill. I have the option to go heavy, where as if I didn't have an 18, I wouldn't :)
Plus added resale value.
Also, I don't see anything in your Cost Per Mile about oil changes, truck wash, tires, transmission, engine, repairs, parking, scales, brakes, etc. etc. All of that has to be calculated into your CPM. Plus what you want to make per mile.
I appreciate your breakdown but it is so far off.
If you would've watched the video all the way through he talks about how he recommends having $20k put away in a maintenance account and having another $20k in available credit for stuff like that, and he's not adding his income because every driver is different and not everyone wants to make the same amount... good video with a lot of accurate info, you're just impatient and shitty at listening, if you dont like it then go learn how to drive truck and make your own videos
@@Sinister_Reaper I did watch the whole video. having a maintenance account doesn't change your cost per mile.
Example:
you can have $1,000 set aside for front tires lets say. That money had to come from some where right?
So you need new steer tires and they cost $1,000.
How many mile did you get out of the steer tires?
Lets say 100,000 just for calculation purposes, so how much per mile did those tires cost? .01 cent a mile.
everything on you truck has a cost per mile regardless of how much of a maintenance fund you have.
A $300 oil change every 15,000 miles will cost you .02 cents per mile.
Do you see what I'm saying?
So many people don't break down their cost per mile so they really don't know what it cost to run a truck per mile. This is important because every mile you put on that truck costs, loaded or empty. And you need to figure in your static costs into that as well by dividing your monthly costs by your average miles per month.
so if you have a $2,400 truck payment and do an average of 12,000 miles a month, your cost per mile works out to .20 cents per mile.
Hope this helps.
Oh, and you have to consider income, otherwise you are just wasting you time out here
@@TerraFirmaX you're breaking down the cost per mile of something that's already paid, at that point its not a maintenance fund, you never know how long a tire is gonna last its a variable cost, i've seen steers go 150k miles and some that blow after 30k miles, he doesn't do a set savings amount, he just puts aside random amounts each month so for him its not relative to his cost, if someone else wants to put a set amount away each month or per mile they now know how to calculate it for themselves
@@TerraFirmaX i found the easiest way is just to set aside $1000 a month, instead of being like alright i went 8,792 miles so ill put away $879.20, its easier just to throw $1k in the account
Reaper I understand what you are saying about putting a certain amount away. That’s not my point. And believe me, I know tire mileage varies just like fuel mileage. After some time out here you figure out your average. That was my whole point. It helps to have an understanding of what it cost so you are not pulling loads you can’t afford to pull.
What would you consider low home monthly expenses? Would appreciate you input.
moreno man guy I look up to a while back told me get and keep expensed .60 cpm or lower.
Probably a dumb question.... but how do you have lost cargo claims?
for example it you haul a load of Berries and the temps is set wrong and the load spoils. It's a loss
Or how about this... We used to haul roses from Miami and pu ferns in ATL going to Chicago. They receiver in Chicago would unload the ferns and leave them on the dock so they could say the temps were way off and product was bad, wrote off as a loss but they kept the ferns. The roses we found the loaders were stealing boxes of roses as they put pallets on the trailer. So the receivers were short and another loss. Picked up a load of bagged potatoes that had some ripped bags on top so entire load rejected. Cargo claims happen.
$150 a week is not a huge expense considering that if you are getting the right race bringing home $4000 a week
The reason im not so diligent on fuel anymore. Haul ass average .47-.50 cents per mile cost. Drive slow average .4o cpm cost. .07-.10 cents dont mean nothing when you’re averaging $1.00 more per mile than what you’re use to.
What is this “app” called...? I have IPad ...looks like a nice organizer...
It's Mac book Launch Pad. Not sure iPad has it. Both my MacBook and iMac have it, not the iPads though
You said the short hauls take up to much time.... vs long hauls. Can you explain?
sure. on a daily, mon-fri.
On short hops
MON. you book a load, bump a dock, deliver, bump a dock, paper work.
TUE. same process.
WED.same process
THUR. same process.
FRI. same process.
Long haul…
MONDAY… book a load, drive, sleep.
TUES. Drive, sleep.
WED.drive, sleep.
THUR.Y Drive. and deliver, bump dock and paperwork.
FRI. Get a another long and repeat.
I should say, long hauls are less work. Less docks and paper work. Thats why i loved long haul. Its easier.
Short hauls, you have to work lol
you have static and rolling costs. Its important to differentiate those costs. You insurance is insane. I for pay 175 a month for truck and trailer. Call First Gaurd insurance. The worst I ever paid with a brand new truck was 800. oh wait, you are on your own authority? that explains it all. so many on their own authority argue with me, they say they get 100% I always say, 100% of what? Look at those expenses, you should really look at leasing to landstar.
TruckerWarren you are absolutely right. I have plans to grow a fleet so I'll keep it. If I didn't or I change my mind, I will come on in at LS.
Van Freight ove $3 a mile before LS cut of 35% if you want to know real world numbers for comparison, here is my email:
warrentrucker@yahoo.com
I would be more than happy to show it to you. I was not trying to knock you, you seem like a guy that would do so well in this environment. and no, i don't get any commission for recruiting.
by the way, thanks for the part numbers for the IMAP and DELTA P sensors for the CM2250
TruckerWarren oh nah I didn't think you was man. You were right though. I have a good friend at LS now and I've been in the bco side load board and compared to carrier side. By the time we get to a load, we will make the same that gos in our pockets. Bco side has some perks that I don't get, but then again I have some you guys don't. I'm wanting to grow or I'd be there already. Maybe my third year ins will drop real good and I'll start leasing guys on.
Where is your maintenance expenses?
He talked about it in the video.
Elise is no different than purchasing your cost per mile is about the same the key is to not take cheap freight
agree 100 CB
Any advice on companies with good lease purchase program?
save $5000 and get one from lonemountain and take it to Landstar or similar.
@@MakeCentsTrucking another question sir. After you bid on a load and you deliver do you have to pay the company that you're delivering to to unload? Or is that something that you're able to find out before you bid on the load? Thanks
no. I do not pay for anything as far as lumpers. Just fuel and tolls to get it there
What are you paying yourself for salary per week or per month?
Not really nothing but paying the bills man. Building up a nest egg at the moment.
Been driving 10yrs ia kllm ok to lease to and learn how to run truck profitable
I really have no idea. But from what I've experienced and learned is this. They all can be profitable once you learn the companies and how they operate. Best bet is save and get a truck from other source and take it to Landstar or similar :)
What did u put down on the truck
Todd Blackburn $10k. Financed remaining $68k
Does quality pay for maintenance ?
No, they will have a maintenance account from your pay. But it's not a full maintenance lease
i heard is not hard to hit 15k revenue monthly.
How are you going to be affected by the upcoming round of emissions laws in 2020?
Adam Vondran I won’t be affected.
So you mean to tell me if I bought my truck cash and all I had is my insurance payment I can hire driver make $5,000 a month
D Mc so many different ways to work that figure but yea you can make some good money.
Soo from what I can come what with add everything together don't run anything under 1.50 mi. You always be good? You were miss quit a bit my man. Owner operator there's a lot to think about. Each state varies also how long you been a owner like you said. Counts.
Bro there are so many variables there. Ive mastered my business model with miles... miles and miles. If you can turn 2000+ mile trips at 1.5cpm then yes, you're good as long as you can keep those moving. But if its 500 mile trips. Then no, you'll eat so much time that if your expensed are high you'll go broke and out of business.
MakeCents Trucking Show I get what your explaining now! Right on that
Ain’t gonna make much at a dollar 1.50 a mile... just going off my figures... there not the best bc I run a block down the road as well with a cat engine, I drive it right though... but I still only average around 5.2 to 5.7 on fuel mileage... sucks! I know! But when you factor everything else in, like tires, insurance, tags, insp, brakes, grease, oil changes, parts etc... your total operation cost should range from 1.25 to a 1.40 a mile. Lil gap there I know... but that gap depends on the fuel mileage you get... I’m closer to the 1.40 a mile cost of operation. I just run Texas at the moment... haul sack corn for deer seasons and carpet grass... both pay okay... 3.90 a mile for 🌽 and 4 to 4.50 a mile on grass... those are loaded miles though. U always dead head back so u gotta split the loaded miles.
You're forgetting your home expenses operating Expenses .Expenses
no. business is business and home is home. I keep them seperate.
if you budget your business between youre account and business account you dont need to add together.
How much was driver pay? 89 cents a mile? So you are the guy hauling freight for $1 a mile...
Corsicasportinggoods Grace ummm I think you missed some numbers.
Corsicasportinggoods Grace depends on the lane. They average .90-1.40. + fuel surcharge (.22 today I think)
My run I was getting 1.00+FS out, 1.05+FS back.
Corsicasportinggoods Grace and no, I Like 1.50+ for long haul. 2.5+ for short haul.
$1.20 a mile Is only 15 cents a mile profit .
My fuel is costing me, or would cost me .40 if i was getting 1.20 per mile. Truck tailer and ins is .26 per mile. if i added maintence of .10 thats an oparating expense .76. Then add .04 for other yearly things,thats .80 leaving me .40 profit. Good thing i dont see .40 profit lol
Breaking down fixed monthly costs into what it is in cents per mile monthly makes absolutely no sense. Not to mention no maintenance cost variable. I'm sorry brother but this video is ridiculous. Taxes? oh yea forgot about those too. Or your APR and interest rates on your nice big ol loan you have for you "nice stretched out w900 with a big ol cummins". I hope no one actually takes any advice from this video. Just my two "cents". Stay safe out there driver.
While building a safety net of $20k that is for maintenance or taxes or any other unplanned expense. How can I take more out when all profit is building that safety net? As far as a ratio, last year was .08 for the year, .09 for the prior year. When $20k is reached I'll use funds from maintenance fund to fit the bill be it tires, oil change, turbo, what ever. I'll add back as spent. That's my maintenance plan, build it up front and not basically finance it weekly as a cost per mile extra.
As far as taxes... I've received returns for the last 4 years. But, if I get a tax bill to pay, I'll have it covered. We all have different ways of business. As long as we reach the desired point, then what's to question? Some take and build it as they go, I choose to build it up front and have plenty of capital afterwards to lower the then current operating expenses. Thanks Driver you too
I applaud your planning and saving for maintenance. However, you still have maintenance costs, including preventative and break down/emergency. You may not have had an exact number when you made this video. Now, over a year later, go back and see what your maintenance and repair bills were and divide by your miles for that time frame. Next, add that to your overhead(insurance, notes, and other monthly costs), and your fuel cost per mile. Now you will have a better estimate of your cost per mile to move your truck.
Yes, you have your $20,000 fund, but, you have spent money from this and need to replace it. This is your maintenance expense and needs to be added into your cost per mile. Whatever is left over, is your profit.
Now, you have to pay self employment tax, and health insurance, and retirement contribution. I mention this to help you compare to working for another company that pays you cpm, and benefits.
Do you come out significantly ahead? I wish you well and hope that I prompted some future thought.
@@davidlL714 Add additional 15 cents to the cpm and call it a day
Can I make money running Nevada to Ca?
D Mc depends. It's overhead vs revenue. Miles turned vs. time. If you can turn and burn on both ends and pull plenty of miles to exceed your expenses then yes. You'll need to have a good run set up
MakeCents Trucking Show Is it a good strategy to take a dedicated run one way, and take another dedicated run coming back?
There is the thing about speed and few if you're getting at least $2 per mile faster look on a beach but you're making up more than the cost of the fuel in additional revenue purba for our so going Faster can actually be more profitable they going Slow
When at RRTS i was at a ceiling of $1.20-1.25 per mile. I drove slow to maximize take home. I have authority now and average twice that and well…… i hardly drive slow anymore lol
How do you have 80k in personal unsecured credit?
I'll have to go back and listen for what you're talking about :)
Taylor Carr it is just like a credit rating. The longer you are in business and you make all of your payments on time or early your credit rating goes up. You keep all of your payments paid ahead or on time your line of credit goes up.
you have to add maintenance into Cost Per Mile. first or not, you cannot take loads without knowing what your ACTUAL COSTS are. You are fooling yourself. And IFTA doesn't cost me anywhere near that.
Once you have a few years of tax returns, you will understand what real Cost Per Mile is.
oh no, ive got all of that. My videos are shot from the hip and i find it hard to fit everythng in at times. I forget alot of things. My Plan now is to grow a $20k nest egg. Then take .10 per mile. Past two years my maintenance cost has been under that. But Then again that was with a fully tuned and deleted truck. Time will tell with this one but im tageting a low expense, but if not ill have the funds avail.
Mpg