June Financials | Episode 56
We’re still experiencing the roller coaster ride of a tough economy and a volatile freight market. With that being said, we still made money in June, it just wasn’t much. Like my dad always says, “It’s better than a swift kick in the butt.” The biggest difference this month that really affected our financials were much higher than normal maintenance and repair expenses.
What To Expect From Episode 56
Here are the numbers for the month. Craig and I go over them and talk in detail about what made the monthly profit lower than we like to see.
- Total miles ran – 12,765
- Deadhead miles – 1,178 (A bit higher than I like, but a lot of it was one load that was a good paying load, even with the deadhead)
- Total revenue – $19,889.62
- All-in rate-per-mile – $1.56 (Not very good, we had a hard time with rates for freight that was moving from east to west)
- Full days on the road – 17
- Partial days on the road – 4
In the end Haulin Assets realized a profit of $169.63.
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What about operating under the authority of an established freight co like JB Hunt, Schneider Werner,
I have not heard of too many people who have been happy operating long term under the authority of one of the larger trucking companies. I think if you want to go that route, there are small and medium sized trucking companies that seem to do a better job keeping leased owner operators happy. I would definitely talk to some leased owner operators that have worked for a company you are thinking about leasing to for at least year and get their opinion before signing on. The more people you can talk to the better.
I been listening to the podcast for a few months now , great information every episode. How come there was no spreadsheet for june finacials?
Thanks for pointing that out, not sure how it got overlooked. I don’t actually do the website wizardry and post those items, but I will forward them on to the techies who do and make sure they get posted. You should see them in the next day or two.
its not good to own or drive a truck with all that expenses
what you realy kep on your pocket after taxes at all ??
$169.00 i can do more then that if i go work for mcdonal or tacobell may be better at home depot!
Juan, you are taking the $169 way out of context. Yes, June was not a great, month, but look at some of my other months. I suggest you listen to all the podcast episodes, it will help clarify everything and give you a better idea about the overall profitability of a truck.
You are working for $5.00 hour wend today minimum wasges are $8.50hour in any state so you work for less and you have to pay your own heathinsurance
Juan, I am not sure where you are getting your numbers from. FYI, to really calculate what most owner operators will earn, you will have to add the driver pay and net income together. The first year you are not going to get rich, but you will do much better than minimum wage.