My truck is payed off, don't own a dollar, 2019 t680, and i still park it , now I'm driving as a company driver, less things to worry about, until the market gets back.
@Corleone_Napoleone Жыл бұрын
Good luck with your insurance premium when you decide to get back in your truck. Unless,….. you were leased to a company, which means, you were never a O/O. Good day.😉
@kennethsnyder9236 Жыл бұрын
Smart
@michaelwright1602 Жыл бұрын
@@Corleone_Napoleone Oh BS on your never an owner operator comment. Giving money away to an insurance company is not the definition of an owner operator. Do you even know where your dipstick is? This is not the 1980's, this is the purposeful implosion of our economy and a lot of guys and companies are going to go down, insurance or no insurance.
@Pat_Omar Жыл бұрын
@@Corleone_NapoleoneWhy, does the insurance go up after not being in use?
@Corleone_Napoleone Жыл бұрын
@@Pat_Omar because it takes you as a new client. Take a look at the new entry rates. They are outrageous.
@kyu2u2 Жыл бұрын
When I first looked over your numbers, I thought I was leasing on to the wrong company. I only get between 1.24-1.55 a mile. I was thinking, man I’m really getting ripped off. How the hell am I still in business? That was the thought going through my head. But once I saw your breakdown, I realized, my situation isn’t all that bad. I really want to thank you for breaking this stuff down. It is really hard to figure out how compare all these videos on KZfaq regarding revenue because the financial setup from one company to another varies so much. I really find your videos very informative and it helps to keeping me sane because you break things down in a very logical, rational, reproducible manner. So I really want to thank you. I have this saying, life is as simple as “mind over matter.” “If you don’t mind, it doesn’t matter.” I can endure a lot as long as I don’t mind.
@NorthAmerican-Trucking-News Жыл бұрын
Hey thanks for the feedback! Glad to help 🙂
@ThePsicocat101 Жыл бұрын
that is so low price per mile i was asking one machine to be delivered in europe mind you they were asking 8 dollars per mile
@kyu2u2 Жыл бұрын
@@ThePsicocat101 no, the numbers look low but there are a lot of things this company does not charge me for and they also pay for things like all deadhead miles, tolls, a fuel surcharge. They have a network of repair shops across the country. If I need a repair, I can get it done in 24 hours if they have the parts. I also only pay 150 a week for insurance, trailer rental, flatbed securement rental, etc. but most importantly, they have a lot of contracted firefight. This is why I liked Roman’s breakdown because I get a better perspective and I FEEL alike my situation is not that bad. If I thought I was getting screwed, it would eat at me and I know I would quit.
@mr.knight78164 ай бұрын
My equipment is payed off. I dropped my speed from 70 to 60 to increase fuel mpg to compensate for the drop in load prices.
@NorthAmerican-Trucking-News4 ай бұрын
Loving that you paid it off!
@user-dp2ck8nv6g Жыл бұрын
The best thing I did when I got into trucking in March of 2023 was that I bought my tractor and trailer cash. I promised you if I did not do that I would be hurting right now. Beacuse the cheap paying freights would put me out of business. So I have a little bit of wiggle room compare to other drivers that have payments. Nevertheless, I'm keeping my head up and hoping for the best.
@OvenBak3d360 Жыл бұрын
You completely and utterly forgot, one major factor, not having to listen to a boss. As long as you have money coming in and a decent nest egg for major repairs it doesn’t matter if you make $500 after everything if that’s what you need to live and you don’t have a boss breathing down your neck telling you what to do and how many days you have to work and what days you get off it’s 1,000,000 percent worth it. I quit i job making three times as much to be able to work for myself and not deal with a piece of shit boss that has a shit life and takes it out on me.
@Knightransport Жыл бұрын
95 percent of bosses are assholes with huge egos. Ive worked jobs for 20 years its the same shit!
@kennethsnyder9236 Жыл бұрын
I own my house and have a rental plus I don’t spend money on the road. Half of my income goes into the savings and checking accounts
@imbrandon163 ай бұрын
Hell yea bro 👍🏻
@michaelwright1602 Жыл бұрын
My equipment is paid for, and it is parked. I am driving a company truck for a carrier as a company driver. I was simply pissing monies away when everything was considered. Much more economical to work for a carrier as a driver right now.
@nickhearn7288 Жыл бұрын
Does anyone really need to watch the video to know why?😂
@Nofacenocase1619 Жыл бұрын
😂
@Donyk Жыл бұрын
You'd be surprised🤓
@CamioneroblW Жыл бұрын
You be surprised😂😂😂😂 how many drivers out there don’t even know their actual cost per miles.
@ne9835 Жыл бұрын
🤣🤣🤣
@jmh4ggg Жыл бұрын
3,000 miles for $1900 is wild.
@williamhodges3941 Жыл бұрын
We did it by saving a lot of money when the market was high and getting rid of our debt. That way when the market slows it won't hardly show....
@joelcruz9415 Жыл бұрын
It's funny because that's the mindset everyone in any industry should have.
@robertovillalon28412 ай бұрын
Another great video! Thanks!!!
@NorthAmerican-Trucking-News2 ай бұрын
Thanks again!
@jamesberry276 Жыл бұрын
Yea, If Your stuff is paid for and the rates get stupid you can park it and go fishing or do Uber. The borrower is and has always been slave to the lender. Like Dave Ramsey says " don't ever borrow money for business "
@adambennett2176 Жыл бұрын
Ronen!! You da man!!
@frankzimmerman4391 Жыл бұрын
Close to 2 bucks a mile just to operate the truck, so 1.85 on top of that is a good Starting point. Just saying.
@ConradJenk8 ай бұрын
I agree it is much better to own equipment, but you have to factor in what you paid for the truck/trailer and use that in your numbers because that can reduce your margin in the beginning until you recoup that money because of the high buy in cost, but you would have the peace of mind and more wiggle room than the guys who took loans or lease although they should have more margin(on paper).
@elcastorgrande Жыл бұрын
Overhead killeth, but cashflow giveth life.
@justinwestmoreland3020 Жыл бұрын
Thanks for sharing Ronen. I would like to see a comparison with an owner op that does dryvan Hazmat/dryvan tanker endorsement vs Dryvan
@NorthAmerican-Trucking-News Жыл бұрын
Great suggestion!
@frankh257 Жыл бұрын
Leases are a scam wtf is 800 a week for smh that’s ridiculous.. my truck payment is almost that a month
@Prodigal1 Жыл бұрын
I own my truck and I’m on the verge of going out of business. Damn truck with emission problems constantly putting me in the shop.
@hoodtrapper16 Жыл бұрын
“Engine tuning” hint hint is your friend damn the EPA
@jmh4ggg Жыл бұрын
@@hoodtrapper16I second this. My truck is pre-emissions...don't go out of business over something half of these trucks don't have to deal with.
@stevefanslow35305 ай бұрын
Have you loved in to P.P. dorthy tecknoligy? only eaver seen one on the doad but the driver swore by it.
@HA-nx5qn Жыл бұрын
The question shouldn't be if OO's that have paid off equipment, are able to survive these rates or what's their breaking point... the question on these oo's minds should be; are you willing to sacrifice so much, being in the road (health, family, hobbies.....) for these crappy rates!! my answer is a big fat NO
@clickrebel Жыл бұрын
A few things, why is Ronen talking about pay per week when the top of the spread sheet says it's for 14 day? Second, none of his calculations include payments to a repair fund or any maintenance. You still have to save up for your turbo or fuel injector going out, a bad sensor needing replaced.... All those things. I can see maybe not putting money into an owner payback fund to pay yourself back for the huge loan you made yourself to buy off the truck and not use a bank but eventually you need to pay yourself back.
@soflodoug Жыл бұрын
Insurance $400? more like $1200
@fredrickcampbell5183 Жыл бұрын
The way i look at it is that it cannot get any worse
@itsmitchnewton7670 Жыл бұрын
Why don't you ever do O/O with their own MC?
@thatoneguy4138 Жыл бұрын
Because his company doesn't track data on things outside of their own company
@Sicwkskxkckckzd Жыл бұрын
What a great video 👏👏
@NorthAmerican-Trucking-News Жыл бұрын
Glad you enjoyed it!
@eman4959 Жыл бұрын
I gross 20k a month DSL 3500 month Insurance 1200 a month 48 states Equipment paid off . Home everyday.. some times I stay out 3 days .. flatbed in tx . But I’ll say I work harder to get that 20k a month..
@jondoe6315 Жыл бұрын
What is DSL?
@Taha83 Жыл бұрын
@@jondoe6315 I think diesel
@jondoe6315 Жыл бұрын
@@Taha83 thanks
@Cp-jv6mf Жыл бұрын
Same here I have 4 trucks paid off and just haul local in DFW and Houston average around $20k per truck a month been in business for 11 years flatbeds Stepdeck and RGN
@johncalvo1743 Жыл бұрын
Yeah, I'm netting $3000 to $4000 a week pretty consistently. I don't know what all the hullabaloo is about!
@jonathanjupio1589 Жыл бұрын
I love this video.
@user-tj6hz9uu9u11 ай бұрын
If someone had a say $120k deposit to put on a truck, what would your opinion be, put that on a new truck, have payments, but have a full warranty and low chance of issues for the next couple of years or buy a $120k truck, no payments but potentially have older truck issues.
@imbrandon163 ай бұрын
You can spend $3,500.00 to have a “full warranty” on a used truck. We’ve done it with every used truck and it’s paid for itself every time. Buy a used truck for $50k get the warranty and be out the door for all in under $60 and go buy a trailer second hand cash too. If your business is going to thrive, you’ll make that $120k back plus some then you can upgrade to that new truck cash. Debt is what’s wrecking everyone right now. When rates are low, they can’t even afford their payments. Cash bro cash cash cash, forget the loans, they’re dangerous.
@DrLumba-NPeale Жыл бұрын
How can I contact you? I’m interested in knowing if I could be on your team. I’m in Ellenwood/Atlanta, GA.
@simpletruckerstuff9478 Жыл бұрын
Thank you
@davidkang6663 Жыл бұрын
Wow! I have a truck that's bought-out It has been parked since sept.22 due to AB5 if I don't get a job at $$ an hour soon I'm going to restart my business.
some owners have loyal customers and provide great service and have 0 DEBT.... also you are forgetting CLIENTS ARE KEY if you have bought out equipment and no customers than no good at all
@Kataklizma740 Жыл бұрын
Should a drive semi for 57cents per mile or boxtruck with a sleeper for 50cents per mile
@joelcruz9415 Жыл бұрын
Which one will get you more miles?
@GearGrinder50 Жыл бұрын
The fuel went up with no explanation lol fuel penalties for taking cheap freight lol
@Alex-cm4ul Жыл бұрын
Nice work Thank you How about if Owneroperator have paid off truck and trailer and have his own authority and not paying 12% to no one? How low can he go
@johncalvo1743 Жыл бұрын
Pretty low my friend! I'm in that situation. But I don't understand something...I'm averaging about 2.65 on ALL miles. I've been netting over $4000 a week lately. And I pull power only. The good rates are out there. You just have to think outside the box a little.
@Taha83 Жыл бұрын
@@johncalvo1743 How many years experience do you have under your MC? I'm trying to do PO with brand new MC. Do you recommend it?
@johncalvo1743 Жыл бұрын
@@Taha83 I got my authority about 15 months ago. But I was a company driver on and off for 6 years before that. How long have you been driving?
@Alex-cm4ul Жыл бұрын
Started in 2008
@Taha83 Жыл бұрын
@@johncalvo1743 I started in 2018 summer.
@stillyoungish Жыл бұрын
they’re ripping that lease driver off 100%
@freedomworks3976 Жыл бұрын
Most drivers are just that , drivers. Many can't make the jump to business person.
@pauliegee69808 ай бұрын
Cost to run is more than 2 dollars a mile. PARK IT and wait for those few high paying runs
@matthewreese6104 Жыл бұрын
need to take away the 300 dollar trailer payment from the scenario
@lightspeeddan8263 Жыл бұрын
"With no repair bills"
@fernandoestrada5367 Жыл бұрын
💯
@tw7111 Жыл бұрын
💯🎯💯
@gst4043 Жыл бұрын
Still making money
@superteckmp Жыл бұрын
Again, sound issues. not loud enough...
@Corleone_Napoleone Жыл бұрын
This dude only talks about leased trucks/drivers. Insignificant.
@jtrocktree5409 Жыл бұрын
Too many truck . Crooked brokers . High fuel = you must be crazy 🤪 😜
@gekogals128 Жыл бұрын
Just my opinion. Most people with bought out equipment are running older equipment. That 2800 per week can get eaten up quickly with fuel and maintenance equipment. I tell people the most important thing is get a newer truck with a warranty. The bulk of repair costs my equipment is usually covered under warranty. The second thing I tell people is keeping your monthly payments to minimum. If you can afford to drop cash on newer truck great. Most can't. This is flaw in these calculations. You have to factor in replacement costs. I want haul at less then 1.90 for these reasons. I want a pile of money built up. Once the warranty is up. That's it for that truck. I sell it. Lots of guys will buy it up and get started. I have helped alot guys get started. After 3 to 5 years with the truck I can alot of cash in and keep the payments low.
@Sicwkskxkckckzd Жыл бұрын
Also u can live in ur car if u wanna save on rent !
@uria711 Жыл бұрын
All a warranty does is potentially pay for a repair. This does not factor in lost revenue due to down time. And everyone know when u get warranty work done ur gonna be there for a while
@NorthAmerican-Trucking-News Жыл бұрын
Thanks for your feedback!
@kylemartin-jz7ur Жыл бұрын
I love older trucks cheaper to work on less that can go wrong with them I'll take a pre emissions engine over an emission engine any day
@jmh4ggg Жыл бұрын
Older trucks are more reliable than you think. I do most of the work on my truck myself, only time I have to go into a shop is if its engine work, and my engine has been rebuilt a few years ago.
@ronss1 Жыл бұрын
probably cant average 2950 a week
@antoniolabrada1278 Жыл бұрын
I’ve never financed equipment Not in good times Not in Bad times
@3HonestGoat3 Жыл бұрын
theres already freight paying 1.75 , ive seen even worst
@Corleone_Napoleone Жыл бұрын
You “have seen worse” , I agree, but, not with these fuel prices, insurance prices , not to mention this or of control inflation.😉