Tennesseahawk
Veteran Expediter
Looks like I got rid of my truck just in time.
Profound Information for All Expediters
- Thread starter ATeam
- Start date
Looks like I got rid of my truck just in time.
paullud
Veteran Expediter
It seems that there would be a better option out there for CV companies. That could really be a nail in the coffin for small companies.
Sent from my SCH-I535 using EO Forums mobile app
I know I'm late to the party here. Just an observation, but I an picking up some "our industry is getting screwed" mentality goin on here. It's not just expediting. Yeah the money is going to the oil companies, but keep in mind, they also have to truck, insure, supply, operate, maintain and buy/lease physical plants. The futures market does play a large part of the price of fuel but they have their risks/rewards. Now everyone, well, most everyone, are getting socked with health insurance and medical costs rising.
As far as income comparisons as an O/O, can't we just take our net dollar/mile for the year and compare this to the past and then adjust for inflation? I don't have the inflation numbers and only been an O/O (C unit) going on 6 yrs, but, my net/mile is up 25% compared to 6 yrs ago.
I attribute this partly to having the truck paid off, and I used to fall into the "b*$%*h about fuel prices" school but now plan ahead to buy where it's cheapest (net less fuel tax of course), slowed down among other fuel saving techniques and now it is usually a wash with the fsc (i.e; 3.70 gal/ 10mpg = .37avg fsc). You guys and gals getting 12 plus mpg in your class 8 ST's should be making more money on fuel the higher it goes assuming the FSC keeps about a 10% pace of price. I heard in the early days there was no FSC.
My current challenge is to lower my labor costs by doing more and more of the maintenance and repairs myself. I know this will go out the window if ever we decide to add more then one truck.
I suppose it is all a matter of perspective. The new car business went south not too long ago and I had the good fortune to get out before the fall. Poor guy who bought our store had his GM franchise pulled so the store basically became worthless (car business was very very good to me, not so good for him). I do not see expediting heading for as hard of a fall and plan to stick with it. For me, it is a lot less headache then retail was and I see a chance for expansion without much effort on my part.
Just my take on things.
As far as income comparisons as an O/O, can't we just take our net dollar/mile for the year and compare this to the past and then adjust for inflation? I don't have the inflation numbers and only been an O/O (C unit) going on 6 yrs, but, my net/mile is up 25% compared to 6 yrs ago.
I attribute this partly to having the truck paid off, and I used to fall into the "b*$%*h about fuel prices" school but now plan ahead to buy where it's cheapest (net less fuel tax of course), slowed down among other fuel saving techniques and now it is usually a wash with the fsc (i.e; 3.70 gal/ 10mpg = .37avg fsc). You guys and gals getting 12 plus mpg in your class 8 ST's should be making more money on fuel the higher it goes assuming the FSC keeps about a 10% pace of price. I heard in the early days there was no FSC.
My current challenge is to lower my labor costs by doing more and more of the maintenance and repairs myself. I know this will go out the window if ever we decide to add more then one truck.
I suppose it is all a matter of perspective. The new car business went south not too long ago and I had the good fortune to get out before the fall. Poor guy who bought our store had his GM franchise pulled so the store basically became worthless (car business was very very good to me, not so good for him). I do not see expediting heading for as hard of a fall and plan to stick with it. For me, it is a lot less headache then retail was and I see a chance for expansion without much effort on my part.
Just my take on things.