Cost Per Mile, Struggling to Make Money In Trucking? Watch This!
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- čas přidán 11. 09. 2024
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Thank you for taking the time and showing us this video and great info your drive safe out there
Yousiff, appreciate the detailed breakdown.
Hey this was a very awesome breakdown of your cost for a mile excellent
These numbers are very light, nobody gonna dispatch for 3%, and everybody gonna factor lawsuit headache not worth it, if you aren’t running $3 a mile you’re gonna be broke period. In the next two years, the truck you are in gonna need way more maintenance.
Yeah, well, uh, that's just like your opinion man!
How much weight do you carry for $3 dollar smile?
@@giorga2004 I’m not hating or saying his rates are bad comparatively, I’m saying in general for trucking to be getting ahead in life $3 is needed a new truck is $250k they don’t run forever
@@hungrytrucking3074 yeah but how much weight for $3. He also doesn’t say how much weight he Carrie’s for 2.3 or whatever. Carrying 1200 lbs for $2.3 is a good price. But 20,000 lbs for 2.3 is bad price.
Great analysis. The only thing is you might need to change your annual mileage to something less than 120k if doing short haul. Very good clearly explaining fixed and variable and a spreadsheet makes it easy to run different scenarios. Take care.
Very Informative , great video .
Thanks for explaining your numbers. Much appreciated
Don’t you have to adjust your CPM for your fixed costs for short haul (in the comparison of Long vs. Short haul) because you now have fewer miles but the same fixed costs? It still makes sense (or should it be cents) to go short haul!
Great analysis that facilitates great decisions.
You are absolutely right. The net would be less then he is showing on the short haul as that is not 120k a year. 2200x52 is 114400 assuming you ran every week which is not realistic. So assume you are able to run 50 weeks which is 110000 his proration would be off by 20000 bucks or so or around 400 a week so 1600 vs the 2000. Still more profitable but not quite as good.
In fact neither one is completely accurate.
On the long haul let’s use 3200 miles a week not the 3500 a week he used. Also use 50 weeks that allows for a bit of extra downtime as well. So 160000 miles a year. His cost with salary is $2.21 using the 120000 formula his fuel cost is 0.91 so 1.31 by the 40000 miles is 52400 so approximately 1000 a week. Profit not calculated in the spreadsheet on the long haul. The short is still better but only by 100 bucks or so. Now one thing is for sure it creates more wear on the truck but may improve the mpg so maybe lower that.
what is up brother from the imperial co California.
Most drivers won’t be able to book the same amount of money by dispatching themselves. Good dispatcher will gross minimum 10% more.
Great video my friend!
I know my numbers very well with my Freightliner and 53’ Reefer . I am independent as well . For me it doesn’t make since to run local because I live in California where fuel is $1.20 more per gallon than say Texas . My sweet spot is 800 - 1500 miles from California. But no more than that because your right …. It doesn’t pay !! So yousiff , how far do you go from your home ??
I think he mentioned no more than 2000 miles
Yousif,
I made some comments under Rauols comments. Would love to get your feedback. If you like I can build you a sheet where you put in your miles for the fixed costs so you can get a better one and email you it. I appreciate the info you put out so would be returning the favor.
I rather stick w my company lol no headache no BS just drive and get paid weekly
900 dollars a year for phone wow and I am not happy at 20 dollars a month
Great explanation. I'm going to buy me a truck now and get rich.
👍👍
Looking towards being otr but a salary of 40k is just too low
Yousiff, I hope this isn't too rude, and I apologize if it is, but did or do you make 6 figures in a year? That would be a huge motivation for me, especially as I have no wife or kids who depend on me, so I could work as long as necessary. It just doesn't seem like the load Net take home pay is that great, according to what I saw here. Did I miss something?
Without him putting the salary in the expense side, short haul net was over 2k/week. This would be over 100k annual, but what is take home vs stays in the company is dependent on your situation.
Yousif can we get this template 🙏☺️
Give me your email, I’ll send it to you
So Yusuf, if the numbers look better for short hauls is that what you choose now or are you still doing long haul ?
He said in the video he is doing short hauls now…
Imagine you got a driver....small company 3 4 trucks, can't make money
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Would it be safe to say you were making more money doing hotshot ?
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So after I got all my expenses added up how do i get the cpm out of that number?
Once you have your annual costs, fixed and variable, divide that total by your annual mileage, to get CPM.
DAMM 1000 accountant ..
I got a Mexican 150 bucks LOL
I would like for that person to do my taxes. How can I contact him or her?
Hey what’s up bro how are you
How much weight do you carry on average ?
You're from Egypt 🇪🇬??
Wow looks like you would get nothing if you employ a driver
You drive a flatbed for $2.17 rate per mile long haul? Or 2.75 short haul? That’s terrible. Do you think that is a good rate? Do you not have a broker, is that your load board pay?
Unfortunately the spot market supports the rates he used. You can certainly find some loads for more but it depends on the lane. I’ve heard of people getting 4 a mile but I’m not seeing it using a load board
With these numbers, it’s better to be leased on or a company driver
You should put the sheets link for everyone to use
“You should.,you should..” YOU SHOULD DO SOMETHING TOO, lazy man !!! Do some homework instead of telling others what and how to do !!!
:)