Van Reefer Division - How much did I make in 2021? (Net Income, Repairs, Mileage)

Рет қаралды 71,355

Күн бұрын

Happy New Year everyone! So, how much money have you made in 2021? Ronen shares the entire consolidated pay statement of one of our drivers in Van Reefer Division. How much did he take home gross, how much did he spend on repairs, gas, deductions and everything?
Check out the video and don't forget to share this with a friend who might benefit from watching this.
And as always, SUBSCRIBE!!!
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00:00 Introduction
00:54 Why do people become lease operators?
01:42 Consolidated pay statement for 3 months
02:26 Truck Specs- 2018 Freightliner Cascadia
03:00 3 month truck driver pay statement
03:19 Driver gross pay full year
03:30 Quarterly bonuses
03:55 Truck driver total gross earnings
04:06 Truck driver reimbursements
04:26 Truck lease cost; bimonthly payments
04:48 Truck driver yearly deductions
05:05 Truck driver yearly fuel costs
07:09 Truck driver IFTA tax
07:40 Truck driver yearly repair cost
08:20 Yearly truck repair total cost
09:31 Truck driver net income amount
10:21 Truck driver total mileage for 1 year
11:47 Truck driver payroll deductions
12:01 Truck driver pay stub
12:21 Company driver vs Lease Operator net pay
14:15 Breaking down your own stats as a truck driver
14:41 Total fuel consumption per year

Пікірлер: 331

@luisrosario363 2 жыл бұрын

You guys are slowly becoming my fav trucking KZfaq channel. The quality + information transparency is unmatched. Thank you for putting all of this great information together for aspiring owner ops like myself. Your videos are extremely helpful. Cheers to a great 2022! 🥃

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u very much I really appreciate the positive feedback Looking forward to a really big 2022 Happy New Years Luis, and stay tuned.

@TheHappyHermit 2 жыл бұрын

Hands down the most informative channel I've ever found for Canadian trucking info. Thank you for putting the time and effort into this channel. You deserve all the success you are seeing on the platform!

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Much appreciated Stay Tuned, great Videos coming

@william1998cc 2 жыл бұрын

unbelievable how detailed and educational these videos are, thank you so much for you and your team's efforts.

@NorthAmerican-Trucking-News 2 жыл бұрын

Really appreciate the positive feedback. Thank u. Many great videos are on the pipeline Stay tuned and have an amazing New Year (Ronen)

@kmg501 2 жыл бұрын

Thank you Ronen, you and your team are doing a valuable service for an industry that has always been difficult on drivers.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u for the positive feedback Lots of great videos coming up. Stay tuned and happy New Years

@patrickn.99 2 жыл бұрын

Your honesty make you my favourite trucking channel and if you continue on this lane you will be the biggest and best trucking channel in North America. Thank you for all you do !

@NorthAmerican-Trucking-News 2 жыл бұрын

I really appreciate the positive feedback. Thank u. Wishing u an amazing new Year and stay tuned for more great videos

@christophergordon7521 Жыл бұрын

Thank you so much for this information y’all have been the best channel I’ve viewed. I am about to make my move into independent trucking and you guys have helped me so much plan in preparation for this great move. Thank you so much.

@grillscheese1805 2 жыл бұрын

This is great info! Awesome channel!

@rayjohnson1686 2 жыл бұрын

This is incredible information. I am new to this industry, very educational and high quality useful stuff. Thank you!

@mrstevemoyo6777 2 жыл бұрын

This s powerful and informative! Av just registered my trucking company here in Zambia yet have not yet bought a truck, I appreciate your information and even from previous video, it's arming me to do a correct job

@jeffkriger1833 2 жыл бұрын

Unbiased info is unfortunately very rare. I really appreciate it.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for the comment Jeff Appreciate it

@ruttinbuck06 2 жыл бұрын

Thank you Ronan. Best Trucking channel on KZfaq!!!

@NorthAmerican-Trucking-News 2 жыл бұрын

I really appreciate the positive feedback Glad u are enjoying these videos

@mohamedmakhtal2487 2 жыл бұрын

Thank you Ronen. your videos means alot to those of us who are new to the business. you really do well on cost & comparison. Thank you and happy New year.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for the positive feedback Appreciate the comments We have a big year ahead of us Happy New Years to you as well (Ronen)

@veed_official 2 жыл бұрын

One of the best informative channel I have faced, really enjoying the info that you guys sharing, it's been a few days following you and learned a lot of things. Hope someday I will be one of your company drivers too.... 😊😇🙏

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for the positive feedback Appreciate the comments

@evguenimertodjan9783 2 жыл бұрын

Every video you guys do , is help and good education, thank you once again!

@NorthAmerican-Trucking-News 2 жыл бұрын

Much appreciated Thank u

@debbiepowers4743 2 жыл бұрын

Super helpful info!! Keep it up please.

@clarencestanley5988 Жыл бұрын

I always LEARN FRO YUR VIDEOS...

@symonnmburu 2 жыл бұрын

Great video Ronen! The breakdown & contrast with company driver was superb. Showed lease operator can be a viable option for those who can't afford to become OO. Happy New Year to you Sir and the ET Transport team!

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u for the comments I appreciate it. Happy New Years

@TrackJax 2 жыл бұрын

thanks again Ronen love these it does help. Keep them up

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank you I appreciate the feedback.

@williamq5627 2 жыл бұрын

Great info Ronen!! Thank you very much!!👍🏼👍🏼

@NorthAmerican-Trucking-News 2 жыл бұрын

U are most welcome William Appreciate the positive feedback

@ricrahk6499 2 жыл бұрын

Thank your breaking this all down. 🔥🔥

@paulbuehler7847 2 жыл бұрын

I do rate your videos very high, I noticed that you are quite accurate and honest Thank you for the tips

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Appreciate the comments

@conleycroom8813 2 жыл бұрын

Your videos are the best thing to happen to trucking.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u soooo much for the feedback Much appreciated

@MrSomeofthem 2 жыл бұрын

Thanks so much for the time and effort 💪🏻🚛

@NorthAmerican-Trucking-News 2 жыл бұрын

Appreciate the comment Thank u. Glad u enjoyed it

@billylunn7415 Жыл бұрын

Very helpful information. Thank you.

@taraiyalaizer6172 2 жыл бұрын

Hi there , I’m very impressed with your analysis, keep the good work.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks Appreciate the positive feedback

@yezzir5464 2 жыл бұрын

Very good info!!! Thank you much!

@borooooo 2 жыл бұрын

Happy New Year,best greeting from Germany. Thx a lot for all the information!

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Appreciate the comments And happy New Years to u as well

@Hvlog-tv 10 ай бұрын

Thank you Ronen for this very detailed information, now at least I have some idea. I loved to watch all of your videos… cheers to you and to the team… now thinking to go into trucking and move to canada… thanks… watching from Australia👍

@DimitreP 2 жыл бұрын

Great job guys, keep it coming

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank you!

@mcgaughey74 2 жыл бұрын

Once again thanks for the good information I'm a newbie so you could be lying to me but it doesn't look like you are. Seems to me you put out some pretty good honest information and I greatly appreciate that I'm going to use it to make decisions off of for sure

@V29546 2 жыл бұрын

All your content is great man! Very good job. Happy New Year!

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Same to u and your family

@ThehouseofSIN999 2 жыл бұрын

Greatly done👍🏻

@ronbranum4134 2 жыл бұрын

Good info... Thanks for the effort.

@ernierobles972 2 жыл бұрын

Good video with good information

@SummerTimeTrivia 2 жыл бұрын

Good , thank u so much, am thinking of starting trucking as a new life work , am fifty now, and I am really enjoying the information you are putting out there

@richforeverguapo8890 2 жыл бұрын

Thank you this data just proves to me that I don’t need to give up my old 2007 Freightliner classic

@NorthAmerican-Trucking-News 2 жыл бұрын

Glad u found value in the video Stay tuned for more great videos

@eduardwilliams1245 2 жыл бұрын

Great video. Really useful.

@mukfay Жыл бұрын

We love yor channel. You might consider a database management consultant. A specialist could make your data pulls less painful. 🙂 Thank you for the great content! Keep up the good work!

@shabalalamartin 2 жыл бұрын

Great video big guy

@ennengb2010 2 жыл бұрын

Good info, thanks !

@marcedwards5643 2 жыл бұрын

I appreciate the information.

@arthursmith9264 2 жыл бұрын

marvelous video and what today's drivers need to see esp newbies..what the lowest Driver would make compared to a lease of same because you start low then grow in this business

@theophiluswilson3683 Жыл бұрын

Very educative

@renneesmith7518 2 жыл бұрын

Very informative, thank you!

@NorthAmerican-Trucking-News 2 жыл бұрын

U are welcome Appreciate the positive feedback (Ronen)

@PROquickscope360 2 жыл бұрын

Awesome!! Awareness!!!

@francisdelaney2228 2 жыл бұрын

Thank you for the information

@michelb01 2 жыл бұрын

thanks a lot for all these info. and all of your videos.

@NorthAmerican-Trucking-News 2 жыл бұрын

NP Glad u are enjoying them

@78043jimenez 2 жыл бұрын

Do a pay comparison between an owner operator a lease operator and a owner operator with there own authority.... that would be really interesting and very useful information to all truck drivers and help us decide which would be the best route to take as owner operators

@jeffreyreyes949 2 жыл бұрын

Very informative video!

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for watching!

@ralphkrahn7440 2 жыл бұрын

Great segment

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for watching!

@JAvellino669 2 жыл бұрын

Thank you for the video! It's yet another example of why I like this channel so much. Hard numbers from a transparent company are extremely helpful for those of us weighing the differences between the two options. Tax situations can vary, but since the potential refund was discussed, we should try taking how much is paid into them to begin with into consideration. After all, the final, money-in-the-bank income is the most important figure. I suspect ET doesn't handle the yearly taxes for lease operators, and therefore you would not have access to those exact numbers. Theoretically, including tax burden, the lease operator is probably netting closer to $90,000-$95,000. It's still an advantage, but feels like a lot of extra risk for a relatively minor reward. Other factors need to come into play at that point. How important is it to have your own business, with the freedoms and responsibilities that come with it? Do you have pride in owning your own truck, or plan on trying to keep it after it's paid in full? Do you have the capabilities to manage a budget and balance the books (be honest with yourself)? Do you have enough cash in reserve for unexpected problems?

@NorthAmerican-Trucking-News 2 жыл бұрын

Hi really great points Thank u for taking the time and share Your points are all 100 correct. Stay tuned for more great videos (Ronen)

@323Jjay 2 жыл бұрын

Thank you for this info 🙏🏾

@NorthAmerican-Trucking-News 2 жыл бұрын

NP Glad u enjoyed it

@ronhaddock5710 Жыл бұрын

another great video

@604h22a 2 жыл бұрын

Happy new year 🙏🏻

@NorthAmerican-Trucking-News 2 жыл бұрын

Happy New Years Glad u enjoyed. And thank u for the fist Like.

@alberthill6025 2 жыл бұрын

Thx for the information. Now I plan on doing a lease purchase.

@NorthAmerican-Trucking-News 2 жыл бұрын

U are welcome Glad the data helped

@chaimberger5392 2 жыл бұрын

Thanks for the video!

@NorthAmerican-Trucking-News 2 жыл бұрын

U welcome

@peterajoku4602 2 жыл бұрын

Waooo. You buddies are so cool. Thanks so much for these info. It's invaluable. We'll done. I will always watch your videos

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Appreciate the comments

@gmullinsiii 2 жыл бұрын

Thank you for this

@Turbo-6 2 жыл бұрын

All thumbs up, love the numbers.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Much appreciated

@dariddler3099 2 жыл бұрын

I might be in Canada but I feel like I'm in Canada already driving a truck. Thank R for the info.

@rodericktrowhill4132 2 жыл бұрын

Thanks for these videos. Absolutely want to see the break down of flatbed lease operator video. Seriously considering making the move. 23 years driving under my belt and have looked into ET as a high candidate to do so.

@NorthAmerican-Trucking-News 2 жыл бұрын

Video will be releasing tomorrow on Flatbed Appreciate the positive feedback Feel free to reach out to me when u want to discuss more in detail

@truckerraven.8906 2 жыл бұрын

Another great video thank you very much👍

@NorthAmerican-Trucking-News 2 жыл бұрын

U are very welcome

@MrBombilla 2 жыл бұрын

Great video.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks!

@andrewbarnett4621 2 жыл бұрын

Happy New year 🎆🎆🎇🎇🎇🎇🎇

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Same to u

@jeanm3988 Жыл бұрын

thanks Renen!!!

@NorthAmerican-Trucking-News Жыл бұрын

Thanks for watching!

@ayazkhalid1196 2 жыл бұрын

Superb

@TheEnginescrazy 2 жыл бұрын

Great videos thank you

@isaacroland7968 2 жыл бұрын

Very good presentation

@SmoothSoothingSounds 2 жыл бұрын

Great 👍🏽 info

@sundayamubioya6941 Жыл бұрын

Thanks buddy

@rockout1180 2 жыл бұрын

Great comparison Ronen Want to see the flatbed breakdown

@NorthAmerican-Trucking-News 2 жыл бұрын

Stay tuned Tomorrow release Flatbed comparison

@kennethsnyder9236 2 жыл бұрын

I am just getting interested in this channel

@kingsleyokehi5705 2 жыл бұрын

Hey Ronan! Thanks for this wonderful information that you've shared so far, I really appreciate your effort on bring this information to us. Do you have any idea on joining the trucking industry in CA or US from Nigeria?

@jonathanpatrick4310 2 жыл бұрын

thanks!

@gashawmekibib1781 2 жыл бұрын

Great information

@NorthAmerican-Trucking-News 2 жыл бұрын

Appreciate the comments

@alirahal5900 2 жыл бұрын

Thank you.

@NorthAmerican-Trucking-News 2 жыл бұрын

NP Hope u enjoyed

@alejandrocastro0309 2 жыл бұрын

Thank you

@anthonyfernandez5826 2 жыл бұрын

Great information. That’s what i made being leased onto a company out of NJ. Grossed $229,000 netted $146,000 after tax took home $106,000. Local.

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for sharing

@anthonyfernandez5826 2 жыл бұрын

@@NorthAmerican-Trucking-News yea that’s paying 12% off each load and $250 week for cargo insurance. Had 20k in repairs this year and last year. Might be time to buy a new truck. Going into 2022 closely looking at my first 6 months of revenue and repairs. Own authority is the way to go but would need a spare truck because down time kills u.

@anthonyfernandez5826 2 жыл бұрын

@Paul Smith $40 a hour net profit.

@doubledeucecanada1410 2 жыл бұрын

Hey Ronen. When converting from US dollars to Canadian when is the conversion done? Is it the rate at the time of the transaction or when the statement is produced? Can make a difference, especially on the fuel. Keep these videos coming. Great info for the guys/girls in our industry.

@jimotis2185 2 жыл бұрын

I guess the lease driver doesn't have to pay his income taxes and other taxes that the company drive pays. Because the "gross" for the company diver is not much less than the "gross net" of the lease truck.

@Tek905 2 жыл бұрын

im from hamilton ontario and almost done my first year trucking and these guys are rock stars to me ... hey buddy can you make a video on investing in trucks as an owner instead of being a driver

@NorthAmerican-Trucking-News 2 жыл бұрын

Stay tuned Will be coming out approx Jan 20th

@GoaltoGo Жыл бұрын

Not to mention that the lease purchase driver also has equity in the vehicle with his payments upon successful completion of the contract.. so one could generalize and safely say twenty to thirty per-cent of the payments made that year will be equity..

@chrisgarrett3110 2 жыл бұрын

Very helpful video, thanks Ronen. Can't wait to see the upcoming video on "Investor" driver who has a 2nd truck running. Thanks!

@manuelnavarro2240 Жыл бұрын

Ronen this is like to become some day ,as a Truck Driver,,,

@gavin4502 2 жыл бұрын

I work in the oil and gas industry the Fuel in Canada is the exact same in the USA

@trentallman984 2 жыл бұрын

Your content is excellent. You have convinced me that a lease to own is in my future. Brian needs a better microphone.

@NorthAmerican-Trucking-News 2 жыл бұрын

Lol Definitely agree with Brian’s Microphone. Good luck finding a good carrier Make sure u read reviews and talk to drivers within the fleet. Best of luck

@trentallman984 2 жыл бұрын

@@NorthAmerican-Trucking-News well I can't come to Canada, all I have is a regular passport. And I can't drive 65 either.

@kentr2424 2 жыл бұрын

Ronan, what did the lease operator pay for income tax? You HAVE to put that number out and subtract it from the lease ops' take home pay, because you've done so with the company driver. It's not really an accurate comparison without figuring income tax for both.

@NorthAmerican-Trucking-News 2 жыл бұрын

I will do a separate video Each driver is different I might need only 40K to live while someone else needs 80K But I will go into detail when I do that video. Thanks for the comment Happy New Years.

@HaHaHaHoHoHo365 2 жыл бұрын

I would like to add to your point that the reimbursements should also to be deducted from the payout to lease operator as it is not income!

@arsenix2026 2 жыл бұрын

exactly what i said to myself .... where's the income taxes on that lease operator ?? so i guess we can say the company driver made around $102k and the lease operator around $117k gross on that year . not a big difference between the 2 amounts . so in my opinion it's not really worth it to lease BUT lease purchase option is a different story since the truck is gonna be yours after a certain amount of years . leasing only is pretty much paying for that company truck ... company ain't paying nothing ... you pay the repairs and after the 3 years ( in this case ) you give the truck back with all new parts you paid .

@MantimeHustle 2 жыл бұрын

Minus 22% for uncle same federal income tax plus self employment tax and maybe state tax if he lives in such state

@dalehansen5050 2 жыл бұрын

Interesting 🤔 , from Minnesota

@arthursmith9264 2 жыл бұрын

plus a time home vs ti.e work job runs would be interesting

@derrickclarke3920 2 жыл бұрын

Very important video Ronen I am now where there

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for the comment Derrick

@robertkaraczun8906 2 жыл бұрын

Nice.

@jaseheff5022 2 жыл бұрын

Great Vid, very informative. I am a Rookie metro driving Trucker from Auckland, New Zealand and enjoy the content on your channel, keep up the good work. Question, what comparable hours do the drivers work in a week or 5 or 6 day period?

@NorthAmerican-Trucking-News 2 жыл бұрын

Thanks for the feedback Much appreciated They work a maximum of 70 Hours in 7 days then they reset for 36 Hrs

@walterdowns3389 2 жыл бұрын

good info

@NorthAmerican-Trucking-News 2 жыл бұрын

Thank u Appreciate the comment. (Ronen)

@huddy2588 2 жыл бұрын

Hi Ronen, The first like.

@NorthAmerican-Trucking-News 2 жыл бұрын

Hey, thanks

@DLSWV 2 жыл бұрын

HAPPY NEW YEAR. Is there a place I can download the papers you shared with us? Thanks for the videos.

@NorthAmerican-Trucking-News 2 жыл бұрын

U can pause the video and take an image of it, unfortunately I don’t have. A place where u can have the data. Stay tuned, more great videos coming out.

@DLSWV 2 жыл бұрын

@@NorthAmerican-Trucking-News Ok. Thanks. I will be watching.

@bobboy5508 2 жыл бұрын

After taxes, the lease operator makes about the same. Difference is equity. Or as he mentioned wealth. The idea is you buy the truck at the end of the lease. And that’s where the wealth or equity comes in. You’ve invested in your future. All at the same as a company driver. But a $3,000 raise a month after purchase. You can’t get that kind of raise in 20 years as a company driver. Yes you start saving some of that for a future investment in equipment but it’s giving you wealth until then.