Owner Operator

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Marc Lee AKA The 100k mil's Comment
member avatar

Yes they are .... theyb have to provide me with their profit and loss statements and they are some people who do quite well

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from looking at their financials their take home is around 2k a week

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And by that do you mean their tax forms, specifically the line that says, "Net income after all deductions" - that's the only number that matters. Everything else is just a fantasy.

I also find it impossible to believe they're bringing home $100,000 in net profits. Don't worry though, I've found every big number impossible to believe because not one person in 26 years in this industry has ever shown me the real number.

Old School's Comment
member avatar
do you mean their tax forms, specifically the line that says, "Net income after all deductions" - that's the only number that matters.

Cornelius, Brett's point is important. You say you're looking at their "financials." I'm a longtime business operator. Right off the top of my head, if you tell me they're grossing around 5K per week, my calculations would say they're earning maybe 1,500 - 1,700 per week. That's a decent company driver's compensation without the added stress, responsibilities and liabilities.

If you're seeing their tax returns that's a critical piece of evidence. If you're looking at other financials like P&L statements or balance sheets, they don't really mean much in terms of your interpretation of their actual income.

Giving us what you guess they're doing is hardly helpful in a discussion like this.

Brett Aquila's Comment
member avatar
theyb have to provide me with their profit and loss statements

I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Marc Lee AKA The 100k mil's Comment
member avatar

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

double-quotes-start.png

theyb have to provide me with their profit and loss statements

double-quotes-end.png

I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Sid V.'s Comment
member avatar

Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

theyb have to provide me with their profit and loss statements

double-quotes-end.png

double-quotes-end.png

I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

double-quotes-end.png

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Marc Lee AKA The 100k mil's Comment
member avatar

Are you an owner operator?.... these are people running their own trucks .... go to truckstop.com and check the rates

Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

double-quotes-start.png

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

theyb have to provide me with their profit and loss statements

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Sid V.'s Comment
member avatar

I am an o/o. I own both truck and trailer free and clear, titles in hand. I run under my own authority.

And if you think I'm dumb enough to go look at holiday freight rates, you're out of your mind.

Are you an owner operator?.... these are people running their own trucks .... go to truckstop.com and check the rates

double-quotes-start.png

Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

double-quotes-start.png

double-quotes-start.png

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

theyb have to provide me with their profit and loss statements

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

I agree with Old School. That means nothing. They're not publicly held companies. They're not obligated to release any financials under oath. They can just make those numbers up.

Turning $250,000/year in revenues is massive for a straight truck. Are these teams? What kind of mileage pay are they getting?

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

double-quotes-end.png

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Marc Lee AKA The 100k mil's Comment
member avatar

Now do you understand the difference between expedited freight and regular freight?

I am an o/o. I own both truck and trailer free and clear, titles in hand. I run under my own authority.

I am an o/o. I own both truck and trailer free and clear, titles in hand. I run under my own authority.

And if you think I'm dumb enough to go look at holiday freight rates, you're out of your mind.

double-quotes-start.png

Are you an owner operator?.... these are people running their own trucks .... go to truckstop.com and check the rates

double-quotes-start.png

double-quotes-start.png

Cornelius

If class b trucks are making 100k running loads for 2 bucks per mile why aren't the highways packed with box trucks and sprinter vans?

I don't get those rates with a 53.

If you're talking about short 50 mile hops paying that you're just misleading people.

double-quotes-start.png

double-quotes-start.png

double-quotes-start.png

Just asked an owner , the rates are between $1.8 to $2.20 per miles depending of the area, same for sprinters

Owner Operator:

An owner-operator is a driver who either owns or leases the truck they are driving. A self-employed driver.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Errol V.'s Comment
member avatar

tenor.gif?itemid=7874103

PackRat's Comment
member avatar

tenor.gif?itemid=7874103

Right!?!?

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