One of the most common questions owner operators ask themselves is whether they should take a lower paying load now, or sit and wait for a better paying load. We try to answer that question during this episode.
What To Expect From Episode 36
Math class is in session. Here is a story problem we are going to use to answer the question whether we should take a load or sit.
You know you can get a load today at $1.80 per mile that will keep you running 650 miles a day for three days. What rate-per-mile do you need to earn the same gross income if you sit today and wait for a better paying load tomorrow that runs two days at 650 miles per day? Your variable costs are $1.33 per mile.
Download this worksheet to help with the problem.