From the dark side..............
- Thread starter dabluzman1
- Start date
Since I was mentioned in post 18 by usafk9 I will put up our numbers for 1/1/2011 through 5/28/2011.
We did 45,177 dispatched miles for $67,212 on 67 runs. Average run was 674 miles. And we were home for 40 days.
Our truck which is a 2006 Columbia was purchased 18 months ago for $28,000. Factory condo sleeper, nothing fancy dry box "D" truck.
We got home today and will be home for 9-10 days before heading out again.
Our goal on the new flat rate program is to run more, sit less and take our time off at home.
We would rather be at home enjoying life than sitting in a truck stop.
By the way, great numbers usafk9.
We did 45,177 dispatched miles for $67,212 on 67 runs. Average run was 674 miles. And we were home for 40 days.
Our truck which is a 2006 Columbia was purchased 18 months ago for $28,000. Factory condo sleeper, nothing fancy dry box "D" truck.
We got home today and will be home for 9-10 days before heading out again.
Our goal on the new flat rate program is to run more, sit less and take our time off at home.
We would rather be at home enjoying life than sitting in a truck stop.
By the way, great numbers usafk9.
Humble2drive
Expert Expediter
The rest of the story . . . . . . .
$225,000.00 a year, Wow! “I laugh at them all the way to the bank”! Even though all the “know it alls” on EO said to go work for “Micky D”! Ahh, success is the sweetest revenge and flaunting it on this forum must be the pinnacle of satisfaction. Oh, wait a minute lets take a deeper look:
He drives for someone else so 225 x 62% = 139
$139,000.00 a year! Still great bucks, everyone should do this! Oh, almost forgot he has to pay for fuel
So 225 x 20% = 45,000 which means 139 - 45 = 94 so . . .
$94,000.00 a year! Still beats that “Micky D” job though. Oh darn! Almost forgot, he has to pay for
Fuel taxes, workers comp, tolls and prepass so 94 - 8 = 86 so . . .
$86,000.00 a year! Not bad, but wait “Micky D” provides health insurance and benefits so he is going to have to pay for that 86 - 6 = 80 so
$80,000.00 a year! Still not bad? Oh wait, there are 2 drivers so 80/2 = 40 so
$40,000.00 a year per person before taxes! Well, we better pay some taxes. Is 20% fair? 40 x .2 = 8,000 so
$32,000.00 each after taxes? Gee, I hope these two are married and not trying to support two households. Lets not even add up all of the on the road expenses like: Dinning out, dead heading home, hotels, tools, gloves, etc. and . . .
Isn’t the OP of this thread one of those Elite White Glove T-Val trucks. So this is probably one of the top earning trucks in the field??
Okay, hold the phone. Can’t a hard working Manager at the “Micky D” make $50,000.00 per year with salary, bonus and benefits? And doesn’t that Manager get to go home each day, sleep in their own bed, see family and friends on a daily basis, attend their neighborhood church each Sunday, etc. etc.
Conclusion: Those considering getting into the Expediting business should probably perform some due diligence and as far as this forum is concerned , look back through several years of topics and discussions. This thread is a good example of why that should be done.
** Please re-read post #23 of this thread where jjoerger gives a much more realistic example of how you can do this business and what you can expect.**
My wife and I absolutely love this business; however, if we are driving to the bank laughing it is because we are having fun, not because we are getting rich.
$225,000.00 a year, Wow! “I laugh at them all the way to the bank”! Even though all the “know it alls” on EO said to go work for “Micky D”! Ahh, success is the sweetest revenge and flaunting it on this forum must be the pinnacle of satisfaction. Oh, wait a minute lets take a deeper look:
He drives for someone else so 225 x 62% = 139
$139,000.00 a year! Still great bucks, everyone should do this! Oh, almost forgot he has to pay for fuel
So 225 x 20% = 45,000 which means 139 - 45 = 94 so . . .
$94,000.00 a year! Still beats that “Micky D” job though. Oh darn! Almost forgot, he has to pay for
Fuel taxes, workers comp, tolls and prepass so 94 - 8 = 86 so . . .
$86,000.00 a year! Not bad, but wait “Micky D” provides health insurance and benefits so he is going to have to pay for that 86 - 6 = 80 so
$80,000.00 a year! Still not bad? Oh wait, there are 2 drivers so 80/2 = 40 so
$40,000.00 a year per person before taxes! Well, we better pay some taxes. Is 20% fair? 40 x .2 = 8,000 so
$32,000.00 each after taxes? Gee, I hope these two are married and not trying to support two households. Lets not even add up all of the on the road expenses like: Dinning out, dead heading home, hotels, tools, gloves, etc. and . . .
Isn’t the OP of this thread one of those Elite White Glove T-Val trucks. So this is probably one of the top earning trucks in the field??
Okay, hold the phone. Can’t a hard working Manager at the “Micky D” make $50,000.00 per year with salary, bonus and benefits? And doesn’t that Manager get to go home each day, sleep in their own bed, see family and friends on a daily basis, attend their neighborhood church each Sunday, etc. etc.
Conclusion: Those considering getting into the Expediting business should probably perform some due diligence and as far as this forum is concerned , look back through several years of topics and discussions. This thread is a good example of why that should be done.
** Please re-read post #23 of this thread where jjoerger gives a much more realistic example of how you can do this business and what you can expect.**
My wife and I absolutely love this business; however, if we are driving to the bank laughing it is because we are having fun, not because we are getting rich.
Gee.....can't say that response is a surprise. Have to thank Phil for asking the question. But that aside, the numbers jjoerger put up are more in line with what either has already been posted or what we have been shown from other trucks and fleet owners on a dry van with a gate.
If you are doing great, stay the course. But don't think for a minute there is only one way.
And again, if "every mile" has paid above their flat rate program, you would be of service to your fellow Fedex drivers to explain how you accomplish that. Especially before they sign up since they can only switch back and forth once according to JJ. I don't know why you wouldn't want to share that?
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springrivergroup
Seasoned Expediter
In 04 we did about $200k to the truck in a drybox
stear tires were about $400 a set out the door
could get a pm done for $99
two could eat a good meal at a truck stop for $20 with drinks and salid bar
and our cost for fuel was about $0.165 per mile to move the truck
$225k today is not as good when you back out your real costs and you are in a DR unit hauling the best paying loads
stear tires were about $400 a set out the door
could get a pm done for $99
two could eat a good meal at a truck stop for $20 with drinks and salid bar
and our cost for fuel was about $0.165 per mile to move the truck
$225k today is not as good when you back out your real costs and you are in a DR unit hauling the best paying loads
Bingo! Someone finally gets it from the Fed. All the mystical stories mean little unless you have ALL the numbers. Not just a part of them so someone feels good.
Think I have mention this a time or two........"It isn't what your making, its what you keep".
Make no mistake about it. It is no accident that dealers no longer stock new reefer specialty equipment.
Why? Because the banks look at the revenue streams and they aren't seeing the numbers. Simple as that. Look at how many got repoed, and now they are running at less miles and rates.
No rocket science.
Why do you think you are seeing corporate reefer trailers now?
No need to complicate the simple.
These are great points to help newbies think about what to consider when looking at the seemingly big 'dollas', to put them into perspective.
In fairness however.... there are so many other things to consider as well, such as.... perhaps some drivers do not also need to support a residence somewhere, a vehicle, etc. If a couple decides to perhaps sell off their worldly goods and do this for a few years... a large bulk of that $32K x 2 x ?years could be saved for a nice nest egg for the future (whereas perhaps the McD employee is struggling to make ends meet on his income in paying for his desired lifestyle).
There are also the write-offs to consider.. and the fact that perhaps both parts of the couple may not otherwise be able to obtain a employee position earning $32K.. and the fact that even McD employees need to eat and spend a portion of their income on food and other necessities of life.. and the fact that there are so many interesting and beautiful places to see, which might not otherwise have been seen... and at the end of the day, like you mentioned at the end of your post.. there is also a measurement of enjoyment to consider, it is a lifestyle that it seems many think they want to have, and enjoying what one is doing on a day-to-day basis is in itself worth 'dollas'. As has been said numerous times, each person's determination and measurement of success is their own.
Why don't I share? Because there are parts of my operation that I don't feel compelled to share....just like I am sure there are parts of yours that you don't.
My response to your post was simply to illustrate that you, among others, express 'concern' over the actions by FedEx, and their possible dilutions to the industry. People who contract for FedEx or drive for them grow a little weary hearing it. Fairly certain that was the intent of dabluzman's post. He's doing well in his estimation, and I'm happy for him. Your trucks apparently are for you, and I'm happy for you, too. But why try to discount his accomplishments with yours?
On to the, um, embellishment thing.
If you'd like, I can have a disinterested third party verify what I say is true. In exchange, you get to apologize to me in this forum for challenging my integrity. Fair enough?
For the record, your fly dropped first. Let's see your numbers. Oh, and not the just the ones that make you feel good. I mean everything in the costs of your operation.
That's my Ten Million, Sixty-two Thousand, Three Hundred Fifty-four pennies in the pond.
My response to your post was simply to illustrate that you, among others, express 'concern' over the actions by FedEx, and their possible dilutions to the industry. People who contract for FedEx or drive for them grow a little weary hearing it. Fairly certain that was the intent of dabluzman's post. He's doing well in his estimation, and I'm happy for him. Your trucks apparently are for you, and I'm happy for you, too. But why try to discount his accomplishments with yours?
On to the, um, embellishment thing.
If you'd like, I can have a disinterested third party verify what I say is true. In exchange, you get to apologize to me in this forum for challenging my integrity. Fair enough?
For the record, your fly dropped first. Let's see your numbers. Oh, and not the just the ones that make you feel good. I mean everything in the costs of your operation.
That's my Ten Million, Sixty-two Thousand, Three Hundred Fifty-four pennies in the pond.
The value of your information is to provide assistance to folks at your carrier as to whether they should participate in their flat rate program. My numbers from another carrier would have little value for that exercise.
That is the whole point. If your numbers are accurate and are that much different from what is posted, they might want to know what they are doing wrong. Would they not?
But for a what it is worth, my numbers over the years have been posted numerous times. Additionally we have booked loads for members right here on EO so rates/mileage aren't exactly a secret either. A quick search will bring all that info up.
Lighten up a little and help your fellow drivers out.
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I understand all your points.
My settlement is 100k+ your generalizations are close but not exact.We have paid the owner between 85k and 98k which if we owned the truck after expenses I would think another 20k to 30k settlement would be realized.
BUT, you completely missed the point.
I NEVER said I was getting rich.
What I said was I laughing all the way to the bank despite
the doom and gloom warning of entering the expedite field
when we did ( a little over 4+ years ago).
Let me help you understand.
We are saving money. Last year we banked 15k. The year before 13k. No Rockefeller here, but its better than none.
I would venture to say that would be encouraging to someone hoping to find a career.
Will everyone save that little or that much or none at all, depends on personal needs.
I hope I was able to open your mind as to what I was saying.
Youre never to old or young to learn.
And it has been a learning experience for me in expediting.
We just get to go to the bank and ....okay maybe we dont laugh all the way, I think we do kind of giggle, as I am right now.
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Humble2drive
Expert Expediter
Actually your point was understood and well taken; however, I was not addressing your point in my reply.
I was addressing the way your post may have come across to the potential Newbie's who have the difficult task of filling in the blanks that are left when someone makes the following types of statements:
My tongue in cheek response was meant to build some meaningfulness into the numbers that you provided and provoke more in depth critical thinking from those considering this opportunity. I appologize if I offended you by picking your post to make my point. Nothing personal.
As for your revenue figures, congratulations! Most impressive is the fact that you two have proven to be consistant over the four year period.
Actually your point was understood and well taken; however, I was not addressing your point in my reply.
I was addressing the way your post may have come across to the potential Newbie's who have the difficult task of filling in the blanks that are left when someone makes the following types of statements:
My tongue in cheek response was meant to build some meaningfulness into the numbers that you provided and provoke more in depth critical thinking from those considering this opportunity. I appologize if I offended you by picking your post to make my point. Nothing personal.
As for your revenue figures, congratulations! Most impressive is the fact that you two have proven to be consistant over the four year period.
Thanx and I agree with your idea.
Care to share?