income
- Thread starter newguy
- Start date
To get a real world number I would ask recruiting for up to date numbers. I could quess and you might get excited or run screaming! In todays market place your equipment has a lot of influence on revenue. What type of cargo you can and will haul, such as White Glove Specialized Freight. I know I'm being vague, but you would be more upset if I told you a number you never achieved.
So saying all that I will tell you when my wife and I ran as a team in a "D" unit non reefer we wouldn't take a break during the month until we generated 10,000.00 dollars. As a Reefer "C" unit the money goal was 15,000.00. I know of single "D's" that do 7,000.00 or more and are very happy. When you create your own business you need to analzye what your expectations are and how you can reach them. Some months I was available all 31 days and fell short, and other times 2 weeks in and we had gone over our goal. Set goals, start small and update and educate yourself what time of month to be running and what lanes of freight work for you. It will take a few months to figure this out and try not to get to frustrated. You can make this work. God gave you 2 ears and one mouth, as my wife says, "be quite and listen twice as much as you talk". Good advice for us all. Drive safe and be profitable!
So saying all that I will tell you when my wife and I ran as a team in a "D" unit non reefer we wouldn't take a break during the month until we generated 10,000.00 dollars. As a Reefer "C" unit the money goal was 15,000.00. I know of single "D's" that do 7,000.00 or more and are very happy. When you create your own business you need to analzye what your expectations are and how you can reach them. Some months I was available all 31 days and fell short, and other times 2 weeks in and we had gone over our goal. Set goals, start small and update and educate yourself what time of month to be running and what lanes of freight work for you. It will take a few months to figure this out and try not to get to frustrated. You can make this work. God gave you 2 ears and one mouth, as my wife says, "be quite and listen twice as much as you talk". Good advice for us all. Drive safe and be profitable!
As a solo D unit who just started in expediting my first three settlements totaled about $8900 gross. I started in the middle of the first pay cycle and took a few days off twice during the time so my total time on was somewhere around one month for about a $9k monthly gross. I suspect someone who knows more than I do can do better but I have to take the time to learn the systems and get good at this. Good luck to you.
Leo
truck 767
Support the entire Constitution, not just the parts you like.
Leo
truck 767
Support the entire Constitution, not just the parts you like.
Remember that whether you gross $10,000 or $15,000 a month it doesn't matter except for cash flow. The important number that you want is what you net after all expenses. We have known alot of folks who grossed well over $100,000 a year and went bankrupt.
Davekc
Davekc
That is what I was trying to get at. What NET numbers (money in your wallet) (spend on groceries money) can you expect or hope to get as one of two drivers working for an O/O. Gross numbers sound good and can be good for the ego but "It don't feed the bulldog"
From what I am taking away the numbers are around $30000 to $40000
(not good money for a primary family income) per year working almost all the time.This does not strike me as any way to live unless all you want to do is drive and never see your family.
Am I wrong.
From what I am taking away the numbers are around $30000 to $40000
(not good money for a primary family income) per year working almost all the time.This does not strike me as any way to live unless all you want to do is drive and never see your family.
Am I wrong.
I would have to agree with you. Two different drivers with seperate households is not recommended. Even more so if one is not the truck owner. Too many people eating out of the same pot. In most cases for teaming, I would only recommend husband & wife team or same household team. I don't think the income is there for both unless you are out all the time. It would be better to run a single truck.
Do remember that everyone's income expectations may be considerably different. Some may think $50,000 is the gravy train while others may consider that poverty.
Davekc
Do remember that everyone's income expectations may be considerably different. Some may think $50,000 is the gravy train while others may consider that poverty.
Davekc
>That is what I was trying to get at. What NET numbers
>(money in your wallet) (spend on groceries money) can you
>expect or hope to get as one of two drivers working for an
>O/O. Gross numbers sound good and can be good for the ego
>but "It don't feed the bulldog"
That's where individual business planning comes in. It's fine to ask general questions here for information gathering purposes, but the only person that can answer your net income question is you. Only you know what your monthly expenses will be, on the road and off. Even if you've never driven before, you can put together a daily, weekly, and monthly expense estimate. How much will you use hotels? Will you eat in the truck or in resturants? How often will you deadhead home? Do you smoke? If so, how much does that cost? When you take time off for entertainment, will you sit in your truck and read, go to an afternoon movie, or spend $50+ to go to a professional ball game?
Only you know the answers to such questions. That's why people tend to offer vague answers to the repeated "how much can I expect to earn?" questions.
The points made about the difference between gross and net income are valid, but don't stop there. Again, it's all about the individual planning you do and the industry committments you make. I know people that drive expensive trucks and net out more than many drivers that drive low-cost trucks that are paid off. How is that possible? The high net drivers have a good business plan, management skills, and work ethic. The low net drivers don't.
>(money in your wallet) (spend on groceries money) can you
>expect or hope to get as one of two drivers working for an
>O/O. Gross numbers sound good and can be good for the ego
>but "It don't feed the bulldog"
That's where individual business planning comes in. It's fine to ask general questions here for information gathering purposes, but the only person that can answer your net income question is you. Only you know what your monthly expenses will be, on the road and off. Even if you've never driven before, you can put together a daily, weekly, and monthly expense estimate. How much will you use hotels? Will you eat in the truck or in resturants? How often will you deadhead home? Do you smoke? If so, how much does that cost? When you take time off for entertainment, will you sit in your truck and read, go to an afternoon movie, or spend $50+ to go to a professional ball game?
Only you know the answers to such questions. That's why people tend to offer vague answers to the repeated "how much can I expect to earn?" questions.
The points made about the difference between gross and net income are valid, but don't stop there. Again, it's all about the individual planning you do and the industry committments you make. I know people that drive expensive trucks and net out more than many drivers that drive low-cost trucks that are paid off. How is that possible? The high net drivers have a good business plan, management skills, and work ethic. The low net drivers don't.
On $8900 gross my net was $4300 not counting truck pmt since that can vary widely and mine won't equal anyone elses. That does include fuel, tires, routine maint. etc. though. I'm sure those aren't numbers that people are going to write home about but for a new guy with a lot to learn I'm satisfied with them for now.
Leo
truck 767
Support the entire Constitution, not just the parts you like.
Leo
truck 767
Support the entire Constitution, not just the parts you like.
I know people that drive expensive trucks and net out more than many drivers that drive low-cost trucks that are paid off. How is that possible? The high net drivers have a good business plan, management skills, and work ethic. The low net drivers don't.
====================================
It is a little more complicated than the above. As with any business there are many variables not to overlook. Even more so when your freight is coming from a particular carrier. Since you are not running their business, your success is determined by theirs. If not, you have to know when to move on. In addition, business plans are hard to forcast when the economy is in the state that it is in. Major swings in oil has fuel at its most unpredictable price point.
Very tough to work in a business plan when it could be 2.00 to 4.00 a gallon over the next year or so. What if your carrier is slow to react to this? Alot of folks are running freight at contract levels with little or no surcharge. Some have guaranteed tariff rates and essentially the driver gets burned under that plan. There s a much bigger picture to consider. Make sure you understand ALL of your costs before buying an expensive truck. Alot have went down that path only to find they are in a mess when the warranty runs out. Many more in a great number have went under with a new truck, verses the paid for special. Look at the classifieds on here and the auctions. That will tell you plenty.
Davekc
====================================
It is a little more complicated than the above. As with any business there are many variables not to overlook. Even more so when your freight is coming from a particular carrier. Since you are not running their business, your success is determined by theirs. If not, you have to know when to move on. In addition, business plans are hard to forcast when the economy is in the state that it is in. Major swings in oil has fuel at its most unpredictable price point.
Very tough to work in a business plan when it could be 2.00 to 4.00 a gallon over the next year or so. What if your carrier is slow to react to this? Alot of folks are running freight at contract levels with little or no surcharge. Some have guaranteed tariff rates and essentially the driver gets burned under that plan. There s a much bigger picture to consider. Make sure you understand ALL of your costs before buying an expensive truck. Alot have went down that path only to find they are in a mess when the warranty runs out. Many more in a great number have went under with a new truck, verses the paid for special. Look at the classifieds on here and the auctions. That will tell you plenty.
Davekc