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Trip Summary
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|
|
|
1300 mi |
@ 1.10 |
+$1430.00 |
1000 mi |
@ .98 |
+$980.00 |
|
(236 gal) |
Fuel |
-361.64 |
(172 gal) |
Fuel |
-227.27 |
|
|
Tolls |
-40.00 |
|
|
|
|
|
|
a |
|
|
Total |
$1,028.36 |
Total |
$752.73 |
|
Driver Wage (.36 cpm) |
-468.00 |
Driver Wage
(.36 cpm) |
-360.00 |
|
|
|
s |
|
|
New Subtotal |
$560.36 |
New Subtotal |
$392.73 |
|
Looks pretty good, doesn't
it? You've paid for fuel, tolls as well as paid yourself, and the
truck still has money left over! Gee, isn't that great...!
Let's not forget, though, about all of the "other stuff". |
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|
|
|
|
|
First, let's factor in TIME...
In terms of time, the loads above made: |
|
|
|
|
|
|
Income per DAY |
$476.00 |
Income per DAY |
$490.00 |
|
This makes the loads look
just a little different, doesn't it? Load B paid less per mile,
but fuel was cheaper, there were no tolls and it was done over 2 days
instead of 3. If you automatically assumed Load A was the better
load on the basis of the $$$$, you didn't factor in TIME.
|
Expenses |
|
$560.36 |
$392.73 |
|
a |
|
|
|
|
Truck Payment |
20% |
112.00 |
78.40 |
|
Insurance |
5% |
28.00 |
19.60 |
|
Maintenance |
4% |
22.41 |
15.68 |
|
Accounting/Tax Prep |
1% |
5.60 |
3.92 |
|
Escrow Acct |
1% |
5.60 |
3.92 |
|
Tolls, Pallets, etc |
2% |
11.20 |
7.84 |
|
Out of Route Fuel Cost
|
8% (104
mi) |
28.93 |
23.63 |
|
Note:
Percentage equals 100% when driver wage and fuel are factored in. |
Expenses |
213.74 |
153.00 |
|
a |
|
|
|
|
On the sample trips, this is what you
might have left over from each trip as long as:: |
346.62 |
239.73 |
|
a |
-
You had no breakdowns,
-
You had no cargo
claims,
-
Equipment expenses, etc
were not above and beyond what you have budgeted for,
-
You paid yourself .36
cents per mile,
-
Fuel prices remained
stable and within your budgeted amount.
If you did not have any
of the above and you actually came out ahead as in this example,
this money is NOT YOURS!!! It belongs to the truck. Just
because you don't spend it now doesn't mean you aren't going to!!!!! |
How do the figures look over a longer period of time?
|
|
|
Many first-time Owner Operators fail in their first year because of equipment breakdowns. On the other hand, new O/O's with new trucks take longer to fail -- by not putting back that will be needed as the truck gets older. |
|
