Flatbed Division - I made $246K Gross in 2021 - How much did I make net?

Enjoyed our last video? Today Ronen shares the entire pay statement of one of our truck drivers in Flatbed Division. How much did he take home gross and how much was his net income?
Check out the video and don't forget to share this with a friend who might benefit from watching this.
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Chapters:
00:00 Introduction
00:32 Why become a lease operator?
02:40 Routes our drivers take
03:13 Consolidated pay statement for entire year
03:35 Total gross
04:04 On road expenses
04:16 2018 Volvo 760
04:26 Monthly lease cost
04:44 Insurance costs
05:09 Fuel charges
05:30 Total repair costs
06:33 Whole year mileage
07:13 Driver net pay - $199,987
08:36 How much they would make as a company driver
08:47 Pay statement company driver
08:57 70 cents per mile
09:07 $76,415 total after deductions
10:11 Lease operator compared to company driver gross

[@kevinduran9337]

Gotta say i really appreciate the time and thought you've spent on these info packed videos, theres just not enough time in my day to even try compiling all the data you've put together for me! Thank you for another great video!

[@NorthAmerican-Trucking-News]

hi Kevin I appreciate the feedback. I am happy to do it because i see just how many people are finding the Data usefull. Thanks for being a Subscriber (Ronen)

[@sllogistics4754]

I'm constantly trying to explain to drivers that if they would just simply move 2 or 3 of my loads every week they would gross $200,000 to $300,000 annually. It's only a 500 mile trip, or 1000 miles round if you deadheaded back empty. Does any flatbed carrier care to make sense of this? Why would you not want guaranteed loads? Here is the math: Moving 2 loads per week $2000/load x 2 = $4000/wk $4000 x 52 weeks in a year = $208,000 Gross: $200,000/yr Moving 3 loads per week $2000/load x 3 = $6000/wk $6000 x 52 weeks in a year = $312,000 Gross: $300,000/yr Distance: 500 miles (5 miles per gallon at $3.40 per gallon fuel price) Fuel costs: $350/Trip

[@sithlord7922]

Do they drive back empty or is there a load for them to carry back?

[@albertomurei5568]

@S&L logistics, please post your email

[@danimal9775]

I've been a driver for 36 years now and enjoy your informative vids.

[@NorthAmerican-Trucking-News]

Awesome! Thank you!

[@LowsJuan]

Go to your accountant and your lawyer find out how much it cost to setup a corporation. Probably more than you think it is and then talk to your accountant about Corporate tax rates and your personnel tax rates to find out just how much really ends in your pocket. Don't forget that those repair bills can easily climb to a third of that gross for if you have a bad year and then some years the cost of fuel will be much higher. The reason that the company offers these programs is because it benefits them financially.

[@NorthAmerican-Trucking-News]

Thanks for the feedback Agreed.

[@EcoBluetransport]

I didn't spend over 1,000 for everything it was very easy and you get to participate in Tax advantages you wouldn't otherwise qualify for. Don't wait to setup your corp. Huge disservice to anyone who waits not to mention you're putting your business at risk workout it

[@hatimali4300]

I really benefited from your channel. Starting here in U S as a new driver. Now I got to see the picture of the industry. Your job is straight forward, easy to understand, honest, and every thing with evidence awesome job. Please keep it up!!!

[@HabituaILineStepper]

How’s trucking been for you brother? I just got hired for P&S Transport. Doing flatbed division. Start orientation Monday!

[@bradleymclean4320]

Thanks for taking the time to make these videos, I'm not in trucking but it gives me some insight to another career/business possibility.

[@88KeysIdaho]

This is the 2nd comparison video I've seen on this channel where the take-home pay is skewed, because income taxes are withheld from a company driver whereas the lease-operator or owner-operator's "net" does NOT reflect any income taxes. I'm puzzled why he briefly mentions taxes, but doesn't make a true comparison.

[@stevemos3068]

I am learning so much from these videos! Thank you.

[@joshm6183]

Man you’re on fire with these great videos! I just want to say that you are helping a lot of people Ronen! Keep it up and God Bless!

[@NorthAmerican-Trucking-News]

I appreciate that! Thank you soooo much Its comments like these that make me want to produce more for you guys. Appreciate it Happy new Years.

[@dantebbe]

Ronen, you do a terrific job explaining this stuff. And the visuals are so important. This helps with making decisions.

[@craigeneumiller1804]

Thankyou for all the info you put out there. I love watching each video. Very informative!

[@naveenp19]

Awesome data. Thanks

[@royledford5673]

Most insightful, TY for the breakdown. OUTSTANDING research!!

[@philipcyriac5938]

Great video. Probably the best content for aspiring truckers out there.

[@philipconstantin899]

Great data thank you. Your videos are very informative and helpful.

[@RCRCustoms]

I think my company 2018 T800 is getting around 5.3mpg. When they bought it I’m sure they just walked in and said give me that pretty white one LOL Depending on which trailer I’m pinned to I’m 43000-53000 LBS empty and it’s specked out all wrong in my opinion. It’s not the worst I’ve ever had, but definitely not the best. Heavy hauling is terrible for mileage. Keep the great information coming Ronen, we all appreciate it. 👍👍

[@juanpuello1777]

Thanks again for everything you and your team do . Blessings

[@Murdaoneproductions]

Keep producing great info

[@tracysmith4210]

Thanks for the education it's very appreciated.

[@doloresrohn4699]

Great videos ET Transport! Great info

[@frankie2xx774]

Thanks for breaking that down for us ! That definitely was super helpful

[@josephvaldez3486]

Appreciate the video!!!

[@lcampbe7]

Getting my cdl in the next few months, thank you for taking time to put this together.

[@starlinmorel3498]

This is gold. New subscribers

[@alexwasden6145]

These are such awesome videos! Hoping to join the trucking community within the next few years, and this is awesome to make decisions.

[@jimwarren8422]

All your videos are excellent in bringing the TRUE value and insight in the North American trucking world. Ronen....great job!

[@abdellahelhaddaji]

Good video we need lot of this kind of this type of content. Thank you

[@brentmckee7801]

Appreciate you sharing your knowledge. Thanks

[@brandonchandler9032]

I really appreciate your transparency and honesty about this and your willingness to tell and teach the truth about this. There's many that are mislead in the industry. It really sucks for someone when they make a decision to make a change based on what they may have been told only to find out they got lied to and taken advantage of and now they still have to pay bills and support families etc. You can only go so long without making money in this or anything.

[@micangelojackson4781]

Thanks for the videos I appreciate it !!

[@markeshbhatt8151]

Thank you for the important info

[@williamspain3860]

Very helpful information based on actual data. Thanks.

[@ronhon100]

Thank you for comparison. In my opinion, you should add $5K meals expenses for lease operator if did for the company driver. Although I am not a driver, my career is relating to logistics in Canada. Since the Covid19, I keep hearing shortages of drivers from the vendors (carriers). Their drivers always complain long hours, low pays and high fuel prices. I understand the drivers suffer from losses during hours of wait times if paid by mileages. The carriers charge their customers wait times, are they paying back to the drivers? Furthermore the customers pay fuel surcharges, jumping from 18% in February to over 35% against base charges since March 2022. Do the extra fuel surcharges benefit to the drivers, especially the owner/lease operators?

[@unitedsocialmediamarketing9130]

Perfect breakdown of the numbers, thanks for the value

[@williamq5627]

EXCELLENT WORK RONEN!! Thank you!!👍🏼👍🏼

[@NorthAmerican-Trucking-News]

Glad you enjoyed it! Thank you for sharing.

[@edmund5183]

Very much appreciate all the hard work to compile the data, very informative and it definitely helps in the decision making.

[@NorthAmerican-Trucking-News]

Thank u Glad u are enjoying the content

[@christopherfields7372]

Thanks for the information.

[@vidosanchez6900]

I really appreciated this video. Thank you

[@joehopkins6938]

Thank you for the intel, I start tomorrow.

[@mikejosifovic9840]

Great info Thank You !

[@jon10231]

Good video, thanks for the information.

[@ef4600]

Thank you! You have great info!

[@MrBombilla]

Great video. Thank you

[@wellingtonndadzungira7493]

Thanks for all the videos that your have done it’s good for us new drivers who just want to start to get in this industry

[@NorthAmerican-Trucking-News]

totally agree. Hope it helps, stay tunned, lots more great videos to come.

[@gr4ndady93]

Great video brother keep it up 💯

[@antonhuman8446]

Excellent information. Thank you. Regards from a salivating person in SA.

[@sheldonhall1295]

Informative, interesting, and well organized data.

[@leea3531]

Another amazing video . Thank you greatly . Never change

[@NorthAmerican-Trucking-News]

Thanks again!

[@danielslater4602]

great video, thank you.

[@MichaelJLove-km1oq]

Extremely informative and provides me with an enhanced perspective that will prove crucial in making a decision about my direction in trucking.

[@NorthAmerican-Trucking-News]

Amazing Glad it was helpful Thanks for the positive feedback

[@michaelrains2268]

Thank you so very much for all your hard work! May you have a wonderful and blessed new year!

[@NorthAmerican-Trucking-News]

You are so welcome! Happy New Year!

[@TheTechyCanadian]

Thank you for always producing trucking content. Currently an apprentice tech here in Alberta with dreams to one day to have my own shop. Your content is always the best.

[@NorthAmerican-Trucking-News]

Best of luck with the shop. Appreciate the positive feedback.

[@donhutchins4628]

Ronen, I am a fairly new subscriber from the US and new to the trucking industry. I recently got my CDL and am exploring my options. I find all of your videos to be both educational and entertaining. Thank you so much!!!

[@NorthAmerican-Trucking-News]

Welcome aboard! Thank you for sharing!

[@kentheyz]

Nice video. Thank you. 👍

[@salvadorpinera9491]

I’m in the USA and I’m looking to become a truck driver, all this information is so valuable to me, I’m grateful for your videos

[@JAP92]

Awesome vid 👍

[@russmanhi]

Ronen, you're like the "60 Minutes" of trucking! Keep it up!!!

[@anmolsidhu4782]

Hey Ronen! Amazing video really enjoyed it as usual. The videos are really clean and easy to understand. Good luck for 2022

[@NorthAmerican-Trucking-News]

Hey, thanks! Happy 2022!

[@Sgt.stan1]

Nice job more of this help. Keep it up

[@dji1019]

Great job, thank you for making this video, super helpful and insightful.

[@NorthAmerican-Trucking-News]

Glad it was helpful! appreciate the positive feedback.

[@rayjohnson1686]

Thank you. Great to know this kind of granular information. This is trucker school.

[@ajstutz69]

Thank you so much for all of the great info. I’ve been in school for three years and planned to go on to get my PhD but that seems to be slowly slipping from my grasp. I am strongly considering going back to being an owner operator. I was previously an owner operator and made some pretty big mistakes that could’ve bankrupted me, although I was fortunate enough to sell before that happened. Just in the past couple weeks watching your channel I learned what my mistakes were and what I will do to correct it in the future if I go back to the trucking industry! Thank you for ask the work you put in! Who knows, maybe I’ll work for you when you open a facility on the west coast!

[@lrdstrahd1]

Great video. I wish you were around when I first started. I lasted 2 years as a company driver and got so fed up (worked for a couple of horrible companies). I gave it up and started working local for a construction company til I managed to get employed with the city in which I live as a heavy equipment operator. I am a supervisor now and have a good pension plan and benefits and make slightly more than the company driver in this example. So things worked out for me in the end. But, had I had your advice back when I started, I may have still been driving as an owner operator or lease operator. Keep up the great work.

[@chandyskariah8284]

Good information! Thanks

[@timothykelley7935]

Great job!

[@estebanescobedo361]

Good information For anyone that is ready to step up

[@kennethmonaghan1119]

This is awesome thanks

[@tigermountain535]

Very useful information thank you.

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@TheJason4312]

Great comparisons, thanks! I’m wanting to be an O/O and these videos are helpful!

[@richardphillips1947]

I watch all of your videos I can since finding you on KZbin! Thank you for everything you do on trucking. I was a driver for 44 years in the USA and in parts of CANADA. Have been thinking about leasing and putting a driver on the truck . Been trying to find a company that essentially would operate the truck and maintain, pay the driver send each month settlement to me after everything so I could build a small fleet. I can’t drive anymore but I can’t find a company that does that any longer. There use to be a couple of outfits that did it that way. I’m still looking for them but haven’t found the category they are under in trucking. Still here!🚛🇺🇸😎

[@Turbo-6]

Another great video, I love the numbers. Keep them coming!

[@NorthAmerican-Trucking-News]

Thanks! Will do! Thank you for sharing!

[@peterajoku4602]

Good one chief. Very good job. Well appreciated. Tnks.

[@NorthAmerican-Trucking-News]

NP Glad u liked it

[@brianmerritt9141]

Great information. Really like all of your videos.

[@NorthAmerican-Trucking-News]

Thank you for following and sharing!

[@davidspez7267]

Priceless data and really relevant information. Living and driving in Canada is looking good compared to Australia. Thank you for all your excellent videos 👍🙏

[@anasschafik1187]

Thanks Ronan 😊 Your work is great

[@NorthAmerican-Trucking-News]

My pleasure 😊 Glad you enjoyed it.

[@sergiotrujilloargueta9580]

Thanks man!!!!

[@WillGroves92705]

This is very appreciated RonEn! The videos you and your ppl have done are big learning curves for myself! I am subscribed BTW!

[@NorthAmerican-Trucking-News]

Thank u Much appreciated.

[@joelalvarez2090]

Thanks. I appreciate your videos!

[@NorthAmerican-Trucking-News]

Thank you for sharing! Appreciate the support!

[@byrontalbot7694]

I really enjoy your videos and the information you share

[@NorthAmerican-Trucking-News]

Thank u Appreciate the positive response

[@dncn2873]

Thank you Ronen you make me feel to come with you. your information is beyond whatever one want's in Trucking. Keep up with the good work you inspire us 🤑🤑🤑🤑🤑

[@NorthAmerican-Trucking-News]

Thank you, I will!

[@dariddler3099]

This is very encouraging, they both make almost the same if the lease operator pays himself. Love it.

[@jamesonmuvondori5690]

GREAT VIDEO ,

[@vasreddy9972]

Thank you very much great help very informative

[@NorthAmerican-Trucking-News]

Anytime!

[@jupj1]

Thank you for sharing

[@abdulmalickwaziri8238]

thank man be blessed let me prepare myself before i join in the company

[@symonnmburu]

Great info Sir. Tops up well on yesterday's breakdown on Van Reefer / Company pay contrast. P/s. This is the best trucking company anyone can find online. It'll deservedly hit 100k subscribers very soon!

[@NorthAmerican-Trucking-News]

Thanks for sharing Appreciate the comments. And hopefully we will hit 100K subs with your help.

[@symonnmburu]

Absolutely!

[@ennengb2010]

Very informative

[@broyaradmykaal4557]

Great vids Ronan, thanks for the info. I'm a U.S. HotShot dually driver with a 40' Air ride gooseneck with ramps, tarps, etc.

[@Starboimeshreky]

Amazing videos 👍👍👍👍

[@matthewc.westover2522]

Appreciate the data

[@kielworship]

Thanks for sharing

[@joseviera2563]

Happy new year 🥂 and Thanks For the great information 👍🏻👍🏻👍🏻

[@NorthAmerican-Trucking-News]

Happy new year! Thank you Appreciate the comments.

[@raypabon4346]

Very Informative! 👍🏻

[@NorthAmerican-Trucking-News]

Thank u

[@carlosramirez1938]

Amazing video thanks for the information

[@NorthAmerican-Trucking-News]

Glad u liked it Thank u

[@alexlecute]

Great video very informative! I am actually very surprised event about the amount of money the company driver could actually take home. Hopefully you guys will still be around in 10 years when I retired (just waiting to get my full pension) and start my second career as a truck driver, hopefully long haul in the US!

[@hansenhansen8349]

Yes Very good Information. Thanks

[@NorthAmerican-Trucking-News]

U are very welcome Hope u enjoyed :)

[@ethan12313]

Great info in here man. Well done vid. I'm not even a trucker, love trucks tho. Thanks for making these.

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@tomquaker]

thank you for the video, very helpful and i’m not even in trucking business, but curious

[@rashiedthompson9252]

Great video

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@mystikalrebel]

Thank you for sharing. I am learning a lot from you. Im not in the US or Canada but want to immigrate to Canada this year and change my profession from and IT Technician to a Truck Driver. Thank you so much for sharing