Getting Started
- Thread starter Marmino
- Start date
Welcome Tod and Colleen. Before signing on with ANYONE or buying ANYTHING, take some time out and read through the EO forums. This site is the #1 source for information about the expedite freight industry and along with that trucking in general, and after researching the site and forums you will without a doubt approach your entry in to the industry with a different and hopefully better view than you have now of what your goals are and how you can go about attaining them. This type of thing is nothing to jump into, so I don't suggest buying that $80k truck or signing on with FedEx just yet. You are here because you are not sure, as I see your questions are vague. I hope you will be able to make a much more informed decision on what to do after a few days of cruising the EO forums.
Take Care and please read
-Weave-
Take Care and please read
-Weave-
My first recruter with FECC (then Roberts exp) suggested that I get a used truck,about 2 yr old first to be sure I would like the business.I took his advise,and found I loved the business.I have found FECC to be very honest in introducing you to the Co.As long as you ask the right questions.IE How much does the size truck I plan to drive gross(average) per year? Do these figures apply to team or solo? There are many other questions to ask.A search of the EO arcives will help.
Thanks for the input. Actually we spent the evening crusing this site and found some very helpful answers. We also attended the MATS in Louisville and talked with several team drivers who were leased to FedEx, none of them had nothig bad to say. We have done part of our homework I am just trying to crunch the numbers now.
Hi,
I crunched some numbers some time back..I'll try it again.
$1800/month truck cost x 12 months = $21600/yr.
Divide by 52 weeks = $415.00/week
4000 miles/week of pay miles @ $1.10/mile = $4400/wk.
4000 miles/wk @ 45 mph average - 88.8 hrs./week (12.6 hours/day)
4000 miles divided by 9 mpg (average) = 444.4 gallons of fuel
444.4 gal. x $1.65 gal = $733.33/week
Wear/tear @ $.10/mile = $400.00/week
Insurance @ $4000/year = $ 76.92/week
Truck payment $18200 = $415.00/week
Food/Shower @$15/day = $105.00/week
Tolls/misc @$20/day = $140.00/week
Totals =$1870.25/week = 42.5% of gross
Whats left ???
$2529.75/week divided by 88.8 hours = $28.74/hour
$131,547/year
All this assumes you run all 52 weeks..
Real life ...How about 40 weeks/year (3weeks out/1 off)
40 x $2500/week - $100,000/year
Expenses @ 42.5% - 42,500/year
Net profit to truck 57,500/year
Of course this is divided by 2 since you are a team
I asked for real feedback on this ...so I'll throw it out again.
Is this real ???????
Frank in Pa.
"The Beast in the East"
I crunched some numbers some time back..I'll try it again.
$1800/month truck cost x 12 months = $21600/yr.
Divide by 52 weeks = $415.00/week
4000 miles/week of pay miles @ $1.10/mile = $4400/wk.
4000 miles/wk @ 45 mph average - 88.8 hrs./week (12.6 hours/day)
4000 miles divided by 9 mpg (average) = 444.4 gallons of fuel
444.4 gal. x $1.65 gal = $733.33/week
Wear/tear @ $.10/mile = $400.00/week
Insurance @ $4000/year = $ 76.92/week
Truck payment $18200 = $415.00/week
Food/Shower @$15/day = $105.00/week
Tolls/misc @$20/day = $140.00/week
Totals =$1870.25/week = 42.5% of gross
Whats left ???
$2529.75/week divided by 88.8 hours = $28.74/hour
$131,547/year
All this assumes you run all 52 weeks..
Real life ...How about 40 weeks/year (3weeks out/1 off)
40 x $2500/week - $100,000/year
Expenses @ 42.5% - 42,500/year
Net profit to truck 57,500/year
Of course this is divided by 2 since you are a team
I asked for real feedback on this ...so I'll throw it out again.
Is this real ???????
Frank in Pa.
"The Beast in the East"
Frank your numbers look good with one exception,4000 paid miles a week=16,000 paid miles per momth or 208,000 per year.This is not going to happen,so looking at a 3 week time frame comes to 12000 paid miles per month or 160,000 paid miles per year.Doable,maybe but there will be much deadheading to do that in paid miles.Most expediters will tell you that deadhead miles works out to the 30-35% range,unless you live in and only run in the Great lakes area. So at 30% deadhead ,total yearly miles comes out to 208,000,that is a lot of hard running which can take it!s toll on you plus the vehicle.
Other expenses are health insurance,a motel room once in a while,etc.
However on the other side of the coin there is what I like to call intangible income. I consider intangible income to be expenses that you do not accrue because you are an expediter vs a 8-5 person.You have no commuting costs,you do not need an expensive wardrobe,you can deduct your meals on the road,your home utilities will be much lower as you will not be there. The big saving is that you and your wife will only need one car vs 2 if you both worked. Many people spend 20-25% of their income to generate that income.
So keep that in mind,sometimes the take home net may seem low but compare apples to apples and you will see that you will probably come out ahead.
Other expenses are health insurance,a motel room once in a while,etc.
However on the other side of the coin there is what I like to call intangible income. I consider intangible income to be expenses that you do not accrue because you are an expediter vs a 8-5 person.You have no commuting costs,you do not need an expensive wardrobe,you can deduct your meals on the road,your home utilities will be much lower as you will not be there. The big saving is that you and your wife will only need one car vs 2 if you both worked. Many people spend 20-25% of their income to generate that income.
So keep that in mind,sometimes the take home net may seem low but compare apples to apples and you will see that you will probably come out ahead.