Trucking Case Study: How I Make $1,100 per Day with Minimal Effort [Full Breakdown]
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- Опубліковано 5 гру 2021
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ABOUT ME:
What’s up y’all? I’m David McGill, a 2007 graduate of Indiana University’s Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From Scratch®️ to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
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The information provided in this video should not be construed or relied on as legal, tax, investment, or business advice for any specific fact or circumstance. It's content was prepared by McGill Accounting LLC, with its principal office located at 1075 Broad Ripple Ave., PMB 390, Indianapolis, IN 46220. This video is designed for entertainment and informational purposes only. Viewing this video does not create an accountant-client relationship with McGill Accounting LLC. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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He's the best at breaking down information to me about the trucking industry keep it going brother
Facts
I agree. No babbling...just straight, smooth, and to the point!
agreed! straight to the point
“Not your average trucker” is great too. He owns trucks and still drive them from time to time.
Brother, I have 30 years in trucking. You MUST factor in tires, preventative maintenance, scheduled maintenance, and the devil of unscheduled maintenance. If you have a rookie driver, you see higher maintenance. At the end of the day, you are barely breaking even. Here are some horror stories I have had with drivers in the last 30 years. A Jack knife in California Truckee, towing and recovery $8000. Engine failure in El Paso TX, $26000 for a rebuild., Theroking Reefer repair $6000. The list is endless and unpredictable. If I knew what I know now, I would have been better off, buying trucks, and selling them to drivers under a lease purchase, so as to avoid these unforeseen expenses on the company. Pay close attention to what I have said. May God bless you, and Good Luck. Shalom.
Brothers need to really educate themselves I know exactly where you coming from I've been in this business for 30 years. These are not the real hard numbers he is posting. That 1100 is more like 300-400 at the end of the day. I would rather drive for a company for that
@@flyby1708 10-4 You are exactly right.
I wonder what he’s up too now. With fuel being up and freight being down
@@flyby1708 hes making 400 a day, from one driver, and he isn't the one driving.
Is it lucrative to lease a truck today and hire a driver. This video was a yr ago. I still have my CDL, but I don’t want to drive, I’m retired
Thanks for this breakdown David. The video is absolutely golden and it's clear to me what I need to do. Amazing Stuff brother. Well Done!!!
DAVE! Good to see you. Thanks for taking the time to do these videos.
You're the best man, I want to start my own company and you the person that explains it the best, detail by detail. Keep it up, greeting from Laredo, TX!!
Up late studying for my test when I found ur video. New 2 the industry but ur breakdowns are very easy and show good business model. My buddy got a couple trucks and is gonna help me get started up, this information was definitely helpful and useful. Looking forward 2 seeing what u put out next👌🏾👌🏾
You are real yet easy to understand i love your way of doing, explanation and simplicity in your choice of words .. simply amazing
Appreciate the breakdowns. Very useful info and insight in my future goals🙏🏼
Thank you for all your videos. I preparing to start my own business by buying one truck at a time. I didn’t know where to start and no one had no advice to help me or tell me. I ran across your video by searching about how to. I’m thankful I found your videos. Keep up the good work. I’m taken this all in knowledgeable. Thank you
I started the same way, and David's videos were so helpful in the beginning, and still are now. I am so grateful to have come across this humbled young man when starting my company.
His experiences were my do's and don'ts, and after following his instruction, I'm 2yrs successfully in the industry, and still growing.
You always make me understand, keep making these. Much appreciated!!
You’re God sent I’ve been watching all your videos trying to decide which route to get into thanks for all this information your providing.
You’re one of the best educating in the trucking bussines 💪🙌🙏
love your videos, u always bring that information and break it all the way down. your videos are gems. Thank you so much!
Hello David!
I really appreciate and enjoy your videos.
Thank you for your time.
Thank you for these videos. Getting some insight. My friend wants to get in the business but from NY so I’m hoping to utilize these tips.
This is a great video bro, I started my box truck company a couple months ago and after hardships of a new authority I landed my first contract a couple weeks ago. I make a fairly solid amount each week that works for me. I have watched your videos for a while. The way you break down costs from revenue to expenses is paramount and extremely helpful. One day I hope to get in to semi trucks, I’m just crawling before I run and trip up. Thanks for the videos and keep them coming. You’re one of my biggest inspirations.
if you don't mind me asking, how is contract pay compared to just using load boards?
howd u get funding for your first truck
@@over-achiever I saved up and I also used some loan money. Looking back on it I should have used a different route or just saved up more. I don’t mind sharing my story but I hit some hard times between the time I started & now
Great video, thanks for sharing your knowledge and information about the trucking industry.
Another great quality video. I love your approach on how you explain why you do what you do - (Keep it simple (KIS).
Hi David, thank you for the videos that you are putting out.
Young man, I'm just starting my dispatch business I appreciate what you bring to the table.
Good to see back, David.
Great content as always!
The info is FIRE and getting sponsored is DOPE!!
gotta say, im so glad i found you brotha. ive been wanting to bring back my families trucking business for a while i just didnt/dont have the know how. ive binged just about every video you've uploaded over the last couple weeks. also just bought your "8 ways to start a trucking business" course, i deff see you as a mentor and ive learned alot. im looking forward to purchasing your other 2 courses and booking a 1 on 1 with you.
He is a good guy for sure . You got this brother just give it your all and you won’t be disappointed!
@@safetrucker preciate the words of support!! failure is not an option for me, so i know i got this. i gotta legacy to leave behind ya know. you just gained a follower btw 💪🏾
subscriber*
Man I like your style you seem like you are really trying to help your information is very good and easy to understand
My staff just shared this with me Very informative 💪🏾
This is Great information brother. Thank you
Thanks for sharing your knowledge. You and another UA-camr influence me to be a trucker .
Nice... Ive been reading, listening, watching and researching foelr months on in.. You Basicslly broke down in minutes what i have still yet to come across in darn near 3/4 of a yr. Oh ive come across ablot of people explsingnand talking about what you just out out but not actually breaking it down numbers wise.. Not only that but Dedicated.. ive heard thiz load board thst load board. But none that have mentioned dedicated. I appreciate all you habe done and all the knowledge you spill. If this isnt a million dollars worth of ga
Very helpful video! Thank you!
I love how you broke this down, for the first time I feel like I’m actually understanding this industry
Another great video!
good vid as always. thanks
This is a channel I would recommend great breakdown
Thank you for this useful video 🙂
Thank you for this!
Good job man👍👍
Good stuff!!
Hell yeah man, great vid! I'm over here in Indy too!
Naptown standup
What's up bruh... good to see ya
Great information
Appreciate your knowledge
1,100 a day is a good goal to start with. I have my authority and home about 2 to 4 days a week. Good video dave
Well if all u need is only couple thousand a week then u should open your own authority.. you could dedicate lane from mega carrier that pays 2k a week ans weekend off.. sir I’m sorry to say it but bieng your own boss will not get u more money if u will to stay home.. Im one man show everything on my own and I make 9700 average a week. Because I stay grind and go home weekend.
@@Gstarxpress I'm not really sure what you are talking about. I make 7 to 10k a week and home almost every other day .my truck and trailer both are payed off. 1,100 is my goal. I get more than that I have video of it. I been trucking since 2005. How long have you been a trucker ?
@@Gstarxpress I pulled a load off the DAT last week that picked up Monday Morning in Michigan that delivered Tuesday morning morning in PA 3,400 then got a load 2,000 Back to Michigan home in my bed delivering Wednesday. Do that twice a week and tell me how much I make and home every we ekend. It's in my videos bro. All mines too only thing I pay is fuel
@@BigCed good for u bro but that 1100. A day is different the numbers u just mentioned.. being strong and reliable all times is the key to max your week.. so yeah even staying weekend home I’m still loaded that money Delevry 💂♀️☝🏿
@@Gstarxpress 1100 is the lowest amount that I will accept and that's for a short runs. I haven't ran anything under 1,400 per day in a while.
Great video
very informative!
Thanks alot u always keep ir real .. God bless
This brother gonna blow up real soon with a huge fleet....He's figuring This cut throat trucking game out on his own,so proud of u bruh 💯💯💯💪🙏
Real soon? U might wanna catch up. David been grinding
I appreciate the kind words
Been watching is videos, David has quite the company.
thank you for your info .
Thanks for the video brother. I want to start box truck but don’t know nothing bout it or how to start.
Great break down.
Great job
I always thought those emails were spam and viruses 🤣🤣. Well damn thanks bruv , your info along with others helped me make the decision to start my trucking company . I had no knowledge of over the road living or how to even handle paperwork . Just a company driver that hauled locally . I research what I needed and I have to admit this has been one heck of a journey . Be blessed and stay safe my trucker families !
So you ended up going over the road or stayed local?
@@Saul.Tbawss I do both now !
What a great story about Alfred and Jonathan!!
First off, two thumbs up for this priceless information. It’s saved me thousands in dollars and Countless of hours in time. Truly grateful! However I’m having a hard time finding a trailer for rent in Nashville, TN. Any ideas that could point me in the right direction?
Looking to quit my regular job to get into trucking. These videos help a lot man. Thank you!!!
It’s exactly what I’m doing. I got my CDL this month and I just put in my two week resignation notice at my current job. Good luck
@@DavidHernandez-nr2jp goodluck bro. How much was you’re training school for trucking? What state are you license in?
@@MrMatute7 I did mine in Illinois where I stay at a school by me and totaled $3500
@@save-the-civic6386 How do I search for power only loads in my area??
@@save-the-civic6386 how do you search for power only loads??
Go head with the sponsorship ❤️💪🏽🤣! But I’m in Indy and would love to be your mentee!!
if you make that. great pray you keep it up glad for you your family proud of you hard work paying off. god bless you and yours merry Christmas
If you live in the Midwest, it is no sweat making $2K a day and more with some of those short hops, if you are good at scheduling.
I’ve been driving for almost a year now, and looking to start my own company slowly, I didn’t know factoring companies where a thing. Preciate the knowledge
Great information being dropped here! I am curious, are you factoring this as a truck driver dispatching for himself or as a dispatcher do we need to be deducting these numbers as well?
It also helps with driver retention.
Tolls, trucknotes and parking. Im 1200 a month in tolls. Good video
You inspire me bro all the way in London England..I have brothers in US..This wanna make me come to US and jump on one off those trucks..But don’t know where to start..
Currently I'm trying to stack up my paper and just go to a driving school on my own and pay for the class. Those classes are $3,500 and up in Michigan I'm doing the best I can right now Big brother.
Hey i been watching you since before i started
Good content
David
Good afternoon
Thanks for sharing , valuable information.
BEST REGARDS
6 December 2021
sounds good.
We just started a trucking company in Terre Haute Indiana!
Appreciate your content bro! I remember you mentioned in a previous video, you use a compliance firm. Who do you recommend? I’m 2 months in and won’t to make sure I’m tight when they audit me! Thanks!
norb.fehrman@itihq.com
Good video
Bro be ready to pull that Rotella bottle up 🤣🙌🏾🤣🙌🏾🤣🙌🏾
Can you do a video over the drug and alcohol clearinghouse as well as c/tpa
You reached a whole lot more than just that one person. Trust me
Only thing holding me up is my driving record. The company that I work for goes back 3 years when you're driving record. I have just a couple moving violations that's holding me up from advancing to get my CDL. Through my life I have caught many driving while license suspended, revoked, denied driving myself to work everyday.
Great information
Which truck is best to start with as new owner operator?
Great video, but I would add my depreciation per mileage and add 20% to fuel for maintenance to get more realistic numbers.
Thanks for the information my question is simple what size of truck and trailer do you use for the to have this kind of dedicated run Thanks.
For Diésel purpose I pay my guys 50/50 after diesel… they take care of the diesel consumption a lot more
What study have you done on the engine oil to compare fuel efficiency, and maintained cost
Lab tested, microscopes, thermometers, X-rays, the whole 9
Hi. Dave. Where do I find a reliable box truck in Indiana. Thanks
Hey David great video man! I wanted to ask once I do become an owner operator can I call different distributors/companies to see if they have dedicated runs available for me or how exactly can I find dedicated lanes as a owner operator? Thanks again
Yes
Thank you for what you do. Keen on getting in the logstics game in general. My plan is to try to be dispatcher/broker before getting my own truck. What you think of this
I think that’s a smart move
Where you been????? I'm thinking about adding my MC number to my authority after 3 years to my business. And adding some owner operators wanted some advice. I haven't seen no new videos from you. You been MIA 😮
Is there a way to buy trip and fuel permits directly from the state?
How did you find this lane? I can't fund any local work in my city
I got something local 3 miles total daily.no bullcrap 1100-2200 daily.
I need help .,, I have contract almost the same , dedicated loads , the rate is not fixed . My driver wants 35% per load . Gross net . Is that ok
Yo appreciate the shoutout!
Keep my bro on the straight & narrow lol
Listening to you I will be able to buy a convertible cutlass in no time.
You could’ve bought the 71 & 72 I sold a while back lol
Alot of people don't know 85% of dedicated Lanes is the best to run and the other 15% they put on no load board witch is trash loads is why everyone fights on the little board every day
Could I I do this as a driver while adding trucks to do this formula?
Hey bro, please is there a way I can reach out to directly because I might need your advice on how to start… thanks
The commercial was hilarious
If you had the truck volume you would be making our em really really well
What is the lane you are running and who is it for?
Is it better to rent trailers when first starting up instead of starting off so deep into the red with truck and trailer expenses?
It depends
David thanks for all the info which you have saved me tons. I'm in FISHERS myself. Can you tell me a way to get my CDL license at a low cost. I can easily pass my permit its the driving part and the new mandates are coming in FEB so I want to get my CDL however I can't go to work for a trucking company for pennies. I have a FT job not in driving but want to buy my own SEMI, I used to be in the towing business and still have a truck that is put up. I also have my authority however its under a voluntary revoke so I don't pay insurance. I was going to start the box truck thing and even bought a truck (tax exempt thanks to you) however prices went crazy on them plus market flooded, so I decided to sell it because my end goal was the SEMI anyway. I just need a cheap way out of pocket to get the seat time to pass the test. Can you help point me to someone or place since you are local? Keep makng the videos! Thank you
Unfortunately my CDL knowledge is very limited as I don’t have one myself
Man I’m just doing my homework right now