I Lost Money...I'm Going Bankrupt... It's Over... Week 14 Knight Transportation Lease Purchase

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Trucking the Seven Seas

Trucking the Seven Seas

Күн бұрын

Link to the Lease Profit/Loss Spreadsheet
docs.google.co...
Blank Template Lease P/L
docs.google.co...
Interested in Becoming a truck driver? Want to drive a tractor trailer for a living? Want to get paid to see the country? Knight Transportation Offers Dry Van or Reefer. No CDL No problem. Knight offers a CDL School. Click the link below to contact a driver recruiter.
knightfriends....
Link to the Lease Analysis Spreadsheet.
docs.google.co...
Google link to the company pay spreadsheet. It was converted from Excel to Google Sheets so some formatting issues may have occurred.
docs.google.co...
Blank Company Driver Spreadsheet
docs.google.co...
Maintenance Cover Word Doc
docs.google.co...

Пікірлер: 218
@kylem9834
@kylem9834 7 ай бұрын
I owned my trucking company for 7 years. Sold everything in 2022. Had 4 trucks on the road at one point. Made a lot of money and enjoyed every minute of it but my trucks did not even move out the yard for less than $2.50+ a mile loaded or unloaded. When rates started dropping lower than that I simply started selling it off. Enjoyed it while I had it but I’m not working for free
@SooperTrooper100
@SooperTrooper100 7 ай бұрын
We need more of this! 👍👍
@Picturesforbloxfruits
@Picturesforbloxfruits 7 ай бұрын
Why didn't you just talk with brokers
@nattydreadlocks1973
@nattydreadlocks1973 7 ай бұрын
So what do you do for a living now?
@gregorylyon1004
@gregorylyon1004 7 ай бұрын
The trucking industry is really taking a beating in the last year.
@richardthompson7216
@richardthompson7216 7 ай бұрын
Blame the USMCA Blame that NAFTA 2.0 on who passed it Donald Trump!
@GhostruckerX
@GhostruckerX 7 ай бұрын
Too much headache for such little pay and large expenses.
@adamfischer2735
@adamfischer2735 7 ай бұрын
I'm a retired owner operator flipping through channels and came across you. I like your honesty. Knight Transport sux but its live and learn. Hang in there and be safe.
@thenomadictraveler9874
@thenomadictraveler9874 7 ай бұрын
Damn. I'm glad I'm a company driver.
@teamginate3400
@teamginate3400 7 ай бұрын
Lease programs should be against the law; it’s a form of extortion.
@hvyhaultruckingwithshuee
@hvyhaultruckingwithshuee 7 ай бұрын
It seems to me its better to make a down payment to a truck titlte it to your self and your own LLC and if you dont like the company you are leased to take your truck and leave. Lease ops seem to get screwed in every way possible.
@SatyrnGameNSoftwareReviews
@SatyrnGameNSoftwareReviews 7 ай бұрын
Leasing with Knight seems like such a nightmare... For only 3k more, it is much better to go to the Company and not deal with the headache. You can make 2x the amount you make as a fuel hauler in a company driver position...
@kevinknoff9809
@kevinknoff9809 7 ай бұрын
Frightliner shops NEVER get the truck fixed the first time.
@Pucky-4345
@Pucky-4345 7 ай бұрын
Yeah, they are not cool.
@nafakaboy
@nafakaboy 7 ай бұрын
depends i been trucking for 14 years and i came some great ones and some ok but the only one that i do not recommend anyone going to would be the one in Yakima WA….Do not go to Yakima WA Freightliner please unless you want to get ripped off….they charged me 5 hours for a diagnosis and had no clue what it was …about a day later when i got home i figured that the sound that i had was coming from a hole that i had in my turbocharger i called the manager and idiot just laughed about it….I never left a bad review on any business ever but i have to write them one
@ArmandoPerez-tj7bc
@ArmandoPerez-tj7bc 7 ай бұрын
72k a year for OTR owner operator. What a joke? Trading your life for pennies, and huge liabilities. I am very happy that you are transparent and expose the reality of the industry. You will be better off as a company driver making 70 cents with a smaller carrier.
@nattydreadlocks1973
@nattydreadlocks1973 7 ай бұрын
Hell no! Business is up sometimes. Business is down sometimes. But you're never better off being a slave for someone else then you are being your own master.
@ArmandoPerez-tj7bc
@ArmandoPerez-tj7bc 7 ай бұрын
@@nattydreadlocks1973 I don’t get these lease purchase in which you make less than a company driver. You should make at least 25% more in lease purchase than a company driver to be even worthy the extra risk and liability. The 50 cpm rates are things of the past 65-70 cents are the new normal
@preciousunderwood1512
@preciousunderwood1512 7 ай бұрын
Own master of what. When you lease with a company you must likely are not choosing your own load so they are your master. If you have your own authority the brokers are your master. Owning a truck is all hype and bills.
@nattydreadlocks1973
@nattydreadlocks1973 7 ай бұрын
@preciousunderwood1512 Sounds like the last dying words from a failed businessman. I am leased on to Landstar. I go where I want to go, when I want to go and for how much I feel is excepable to me. I am my own MASTER!
@kevinrichard5468
@kevinrichard5468 7 ай бұрын
I worked for knight . Worse company. Terrible pay
@genecps
@genecps 7 ай бұрын
Leases are great for companies. Sucks for drivers. By the time you pay your truck off, the only thing it’s good for is a down payment on a new truck. But in the meantime, you make less than company drivers.
@soflodoug
@soflodoug 7 ай бұрын
Dude if this is for real youre getting ripped off by that leasing company 6 ways from sunday more than you know. Also your running cheap crap loads. Comeon you see this before you go on a run. The illegals with no cdls run those too😂
@bigd835
@bigd835 7 ай бұрын
youve got yoru act together with all those numbers. I used to work at an over the road trucking company , westway express, as a dispatcher and then a fleet manager. the company recruiters would always push me to sell being a lease purchase operator to the drivers. i refused to do it. too much risk. if you are lease purchase, and anything interupts your driving such as getting sick , or problems at home, the bills never stop. but the pay does . I dont think these programs are fair to the drivers, espesically when they are working for only one company. you are at their mercy. the company and the casino always win. I had one driver that was a lease purchase driver. he ran like a mad man for a while. then one day he killed himself via suicide. very sad. trucking is a very tough lonely business.
@Pucky-4345
@Pucky-4345 7 ай бұрын
Dude, your stat info is great
@Pucky-4345
@Pucky-4345 7 ай бұрын
Your delivery is also nice and fast
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Glad you like it! I'll keep them coming.
@jamesberry276
@jamesberry276 7 ай бұрын
I'm impressed too! This Kid is really smart. Makes Me wonder how He got roped into such a scam? Lease purchase is just a trick to have Drivers Who can't quit. The few Who actually take it to the end and pay off the power unit only end up with a worn out big company spec truck that has very little trade in value.
@1067andy
@1067andy 7 ай бұрын
Problem is you’re running for $1.70 a mile. We flatbed in Ca, Or, and Wa. Rarely drop below $3.00 a mile. I have no idea how you’re keeping afloat at $1.70
@HenryBattle-n6c
@HenryBattle-n6c 7 ай бұрын
Hang in there, I love what you do and your channel. I watch you every week. Maybe you need to run to the Midwest
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
West coast currently the best market... I dont mind running Cali during the winter also. Better weather.
@MrTPhipps
@MrTPhipps 7 ай бұрын
@@truckingthesevenseasconsider fuel mileage as well. In the Midwest you aren’t climbing mountains
@SemiLife411
@SemiLife411 6 ай бұрын
No amount of miles can overcome Knight’s low pay
@jemhadar5029
@jemhadar5029 7 ай бұрын
You can buy one of my trucks. 2016 Volvo 700k miles clean. No issues. 25k$
@blast4me589
@blast4me589 7 ай бұрын
I don’t understand how you run a business you cant negotiate not one load and at the will of the company you run under. Doesn’t it defeat the whole purpose of supposedly owning your own business? Wouldn’t that be a scam?
@100pyatt
@100pyatt 7 ай бұрын
100% #SCAM Alert ⚠️
@angelvelez139
@angelvelez139 7 ай бұрын
💯 no doubt about it, I feel so bad for this brother 😢
@ReferMadness
@ReferMadness 7 ай бұрын
Everybody is going to have some bad weeks everybody is going to have some maintenance costs but the biggest problem I see with your numbers is you are never going to turn a profit with an average load of 500 MI you only make money when the wheels are turning and if you're constantly doing pickups and deliveries that's going to cut into your income
@smokingjoe9864
@smokingjoe9864 7 ай бұрын
Not necessarily. You waste time waiting for a long haul. The wheels are moving with short runs too. No one makes it in the lease division.
@ICYPROFITS
@ICYPROFITS 7 ай бұрын
Really impressed with your data charts. You got into it during a blood bath market. Plain and simple
@GR-uk5ou
@GR-uk5ou 7 ай бұрын
The game is for the company to pay you like are an employee while you bare all the risk of an owner without any of the rewards. If you are an OTR driver with 2-3 years experience and you are making less that 100k, you are dumb…
@ChrisL-oz4lp
@ChrisL-oz4lp 7 ай бұрын
Good news! As of March 11, 2024, you will be a company driver. The FLEASING IS OVER!!!!
@Packer-n5k
@Packer-n5k 7 ай бұрын
It's just a rule not a law. I doubt it changes anything.
@ChrisL-oz4lp
@ChrisL-oz4lp 7 ай бұрын
@@Packer-n5k The Internal Revenue Code isn't law? Tell that to Capone....
@DOCSAFETUBE
@DOCSAFETUBE 7 ай бұрын
you should have done your homework before signing a lease.. there is tons and tons and tons of videos and websites warning drivers to not do leases.. it's the biggest con in trucking
@soflodoug
@soflodoug 7 ай бұрын
$3000 to fix a sensor?😂 run for your life dude theyre scamming you.
@bigrigbutters187
@bigrigbutters187 7 ай бұрын
Brother, with those Excel skills you would be better suited to work in public accounting :)
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
I studied account in college right before the pandemic... Most boring thing you can imagine. No ty.
@Dean-pc1ok
@Dean-pc1ok 7 ай бұрын
Parked my paid off 2019 cascadia and company driving dryvan sometimes hazmat for .70c ... not worth the volitility folks
@Pazaroni436
@Pazaroni436 7 ай бұрын
You might want to consider different company in general. There is some other companies with much better programs. Also you have to consider the new law that is going to be in effect in 03.11.2024 about the Independent contractor. From what you said you won't qualify for IC according to the new law. Start researching and just get out of there
@jimmycagnee65
@jimmycagnee65 7 ай бұрын
I’m kinda glad I’m a driver for knight instead of a lease employee. The way everything is set up for lease runners it’s really not worth the stress or the little bit more money you could make. Why are you always running out west? I’m curious as to why they don’t run you from California back to the east/ northeast. Thanks for sharing.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Currently the market is best on the west and my terminal in Vegas has more dedicated routes in the west so they are keeping me there. I am also fine running California during the winter.
@jessegago7163
@jessegago7163 7 ай бұрын
You should seriously consider looking at a different company.
@mr3000gtman
@mr3000gtman 7 ай бұрын
Good vid. Keep head up and still work on financing for the rig. Breakdown can hurt anyone in the industry.
@GrdDog
@GrdDog 7 ай бұрын
Been running OTR for 32 years, last 20 of it as an O/O and it is sad to say the most money to be made in trucking today is at the company driver level; little risk and mostly reward.
@tjlinder3760
@tjlinder3760 7 ай бұрын
I think “they” want this industry to be like the airlines. A hand full of companies that we all have to work for.
@sarahann530
@sarahann530 7 ай бұрын
​@@tjlinder3760Who is they ?
@GrdDog
@GrdDog 7 ай бұрын
@@tjlinder3760 well with the comparison I will point out that there are Owner Operators of "airlines" aka charter flights and trucking is the same way
@GrdDog
@GrdDog 7 ай бұрын
@@sarahann530 My best guess would be Government, Mega Carriers and Unions.
@sarahann530
@sarahann530 7 ай бұрын
@@GrdDog Your guess means nothing what do you know backed by facts ?
@RRP714
@RRP714 7 ай бұрын
I retired 4 years ago at 64. I get a pension of 2k a month and social security of 2k per month. I drove for ABF for twenty years. Home every other night. Slept in motels, not sleepers. All expenses paid for by company. If wheels weren't rolling due to break down or load wasn't ready or maintenance or anything really, I was on the clock- $20.00 hr. If you have an ABF hub near you, go get yourself a job there.
@931tow
@931tow 7 ай бұрын
I retired in 2021 and never fell for the lease scams. Drove for 29 years and always made good money. You said if you were a company driver you would be getting. 54 cpm but those were payrates form 10 years ago. When I retired it was . 67 cpm and going up. I ran 2500 miles weekly and only worked Monday thru Friday. Was always home Friday and left out Monday morning.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
That was what a Knight paid when I worked as a company driver. So that's what I'm referencing... Not bragging just posting the numbers.
@931tow
@931tow 7 ай бұрын
@@truckingthesevenseas my point is that company drivers make a lot more than that now. Old Dominion pays quite well.
@douglassummers5928
@douglassummers5928 7 ай бұрын
You have character. Go to a better lease carrier. Your time is worth something. God Bless
@carlosmontenegro1930
@carlosmontenegro1930 7 ай бұрын
Dang you didn't add medical insurance and retirement and taxes. Many operators forgot about this but its there hiding in the dark
@jonaspinon9094
@jonaspinon9094 7 ай бұрын
Do you pick your loads or have a dispatcher? Honestly I’ve been looking into lease purchase and I keep looking at SFI /Schneider bc they have a load board and I pick where I go
@smokingjoe9864
@smokingjoe9864 7 ай бұрын
What percentage of drivers complete the lease program?
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Dispatched picks the load...I would also prefer to book my own loads.
@jonaspinon9094
@jonaspinon9094 7 ай бұрын
@@truckingthesevenseas yeah that’s the enticing part I guess but it isn’t walk away it’s anywhere from one to three years for a commitment but the part that gets me is you can run on your own dispatch. I always see you here in the western states. I’m from the California myself but i always hear that the western states rates suck but I also hear that rates may be going up soon but that’s neither here nor there I like the content keep it coming but I was wonder before I make a positive decision on where I’m going to do my lease at.
@georgeanderson1818
@georgeanderson1818 7 ай бұрын
I am a city bus driver making 35 dollars and hour, with all the overtime and holiday pay i received i made over 90k last year, i never leave the city and I'm home everyday.
@ChrisL-oz4lp
@ChrisL-oz4lp 7 ай бұрын
What city?
@Jeff250lbc
@Jeff250lbc 7 ай бұрын
Lesson learned do your best do t let it ruin your credit .. but cut and run when you can.
@smokingjoe9864
@smokingjoe9864 7 ай бұрын
No one makes it to the end on lease payments.
@HighwayHoney
@HighwayHoney 7 ай бұрын
Hi Seas!!! Things will get better!!! Try not to listen to the negative Nellie’s!!! Thanks for the spreadsheet info!!! You do such a great job with that!! 💪
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Staying positive! Thank you for compliment! I will keep it updated!!!!
@edv9142
@edv9142 7 ай бұрын
1700 miles per week is insane. Hope it's not always so low. No wonder you can't make money if they don't keep you on the road.
@IEraiderfan
@IEraiderfan 7 ай бұрын
Cickbait title, but losing money happens...
@davidkeller6957
@davidkeller6957 7 ай бұрын
You are getting rip off
@pauld9561
@pauld9561 7 ай бұрын
FMCSA will put the kabosh on lease operators very soon. You will be running on your own authority or be a w-2 employee.
@samrobinson9802
@samrobinson9802 7 ай бұрын
Sorry to hear of your troubles. I hope the weeks ahead turn out more positive.
@jbtrucker1283
@jbtrucker1283 7 ай бұрын
I like your style of videos and the spread sheet is kick ass …. How do you not have more subscribers… good luck with the leasing
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Thank you! I will keep them coming.... Maybe one day the algorithm will bless me.
@bbstacker4926
@bbstacker4926 7 ай бұрын
Would it make much of a difference if you ran all 48 states? I'm assuming you're running a regional or 11 western route.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
I am OTR for the lower 48. Currently market is best on the west coast and my terminal has dedicated lanes on the west so they are keeping me there. Also I prefer California during the winter to avoid bad weather...
@RobertCampbell-c1v
@RobertCampbell-c1v 7 ай бұрын
I’ve looked at a lot of lease contracts and have visited with OOIDA and the general decision is you can just about beat any of those contracts just by being a company driver.
@sonnyyyliu1234
@sonnyyyliu1234 7 ай бұрын
very nice spread sheet
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Glad you like it
@Jesus-x7y1v
@Jesus-x7y1v 6 ай бұрын
Great coverage of the profit n loss books! Can u share your excel sheet!!
@truckingthesevenseas
@truckingthesevenseas 6 ай бұрын
Its in the about section of the video. After you open it just hit File>Download. Then you can use it.
@cooluser4017
@cooluser4017 7 ай бұрын
Why take it to the dealer they always overcharge compared to smaller shops
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
I originally did. The Knight Transportation shop in reno. They couldn't fins the problem so they referred me to the dealer.... Looking back I should have went with my gut and just told them to replace the ABS sensor
@musiccitytransport
@musiccitytransport 7 ай бұрын
I need an excel template of that setup… dang
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
I'll make a blank template... Forgot to do this actually....
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
docs.google.com/spreadsheets/d/1LbaqMPAmAQIDBrn4zHO3r5iUM-uPX7OfQ5btDEBgVSc/edit?usp=sharing Might be an error or two in calculations. I'll touch it up later.
@spillybuilt7491
@spillybuilt7491 7 ай бұрын
The problem most “owner operators” run into, is they hit a week or 2 of negatives, now they’re complaining they can’t buy food. Which is100% their own fault, no one’s else’s. Like you said several times, you WILL run into some bad weeks, sometimes even bad months, and even bad YEARS
@Nikowalker007
@Nikowalker007 7 ай бұрын
Exactly, you save water when it’s raining and use it later when you’re running red or taking a break from the water , not complaining and obviously not on s33t you don’t need
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Exactly... From many of the comments i feel a lot of drivers do not understand this. Which is why i added that volatility graph.
@KendrickHester-gt1gf
@KendrickHester-gt1gf 7 ай бұрын
I remember leasing with Trans Am. When I received a negative check, I quit.
@brianfuller9565
@brianfuller9565 7 ай бұрын
Only loosers and felons work at trans am
@DarrkMane
@DarrkMane 7 ай бұрын
If you make it by the end of the year, I'm speculating that the company driver will surpass the lease operator pay. Still have to pay 1099 taxes & the equipment will just get worse. I salute you though sir, very brave endeavor in a horrible market.
@GhostruckerX
@GhostruckerX 7 ай бұрын
It already has OTR companies are paying 70 to 65 cpm. Mega carriers pay structure for otr is LONG dead.
@DarrkMane
@DarrkMane 7 ай бұрын
@@GhostruckerX I know Crete Carrier and Walmart will pay up to that high of a CPM for dry van. Who else? I'm shopping around.
@SatyrnGameNSoftwareReviews
@SatyrnGameNSoftwareReviews 7 ай бұрын
@@DarrkMane Crete, GP Transco, Walmart, and Marten are decent companies. Marten has some accounts that give G-Pay of 1,600, and Walmart is just leagues ahead of anyone. Crete pays more per mile than GP, but GP offers more loads. Therefore, you can make a bit more there as you can easily make 3k miles or more if you run. I would say any of those companies are a good option.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Quite possible... We will see though.
@DarrkMane
@DarrkMane 7 ай бұрын
@45trucking Have you driven for Marten? I have a buddy who drove for Marten, who supposedly made every excuse not to pay his guaranteed pay. Now, I would have to find out for myself though.
@thomaskirkpatrick4031
@thomaskirkpatrick4031 4 күн бұрын
I had those same lights come on in my truck. After several failed attempts to fix it one mechanic actually hooked it up to the computer and he determined in was a wheel speed sensor.
@alswearengen0000
@alswearengen0000 7 ай бұрын
Any way you can add the estimated O/O pay to the graph ?
@ChrisL-oz4lp
@ChrisL-oz4lp 7 ай бұрын
He isn't an O/O.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
I could but the O/O graph would be identical and to the lease just a little bit higher. The O/O just minuses the truck payment and security deposit... So it would follow in perfect parallel with the lease graph only slightly above it...
@alswearengen0000
@alswearengen0000 7 ай бұрын
@@ChrisL-oz4lp I know. but he does have estimated projected O/O income on his spreadsheet..
@alswearengen0000
@alswearengen0000 7 ай бұрын
@@truckingthesevenseas Makes sense. Thanks
@thomaskirkpatrick4031
@thomaskirkpatrick4031 4 күн бұрын
Yes it can happen to an owner operator. The difference. An owner operator can take the truck anywhere he wants to get it worked on. He can even work on it himself.
@bigtrucker4310
@bigtrucker4310 7 ай бұрын
I worked as a lease op for Knight, and i had my ups and downs just like this. The big thing with Knight is that during those three days you were down, you could have rented a truck from them to be able to keep moving. Ultimately, i would go back to their program they have one of the best ones in the industry. The only reason why i left is cause my 2019 volvo kept having mechanical issues after issues. Just keep pushing forward, and it will pay off in the end.
@sasapopadic384
@sasapopadic384 7 ай бұрын
Volvo is just pure trash...a junk like that..😊
@AlbertMaruggi
@AlbertMaruggi 7 ай бұрын
the only way to do lease is with your discipline. If someone can't be a detailed and focused as you they should say company. Well done, Happy Trails.
@truckerdave2446
@truckerdave2446 7 ай бұрын
The ship is sinking, please my friend get on a life boat and leave before sunset. (Respect to your determination).!
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Reasonable advice frankly....
@paulmarker5689
@paulmarker5689 7 ай бұрын
I would usually run the worst case scenario over the length of three months, then and only then you can take it from there, all the best with your venture, and cheers.
@ctsroaddog
@ctsroaddog 7 ай бұрын
Mama always said you gotta take the shit with the shineola! But seriously you have the right attitude about good weeks and bad and anyone that's in business for themselves that says they've never tossed money is lieing. Wish you all the best my friend stay safe
@swampssa
@swampssa 7 ай бұрын
Why would you lease a truck from the same people that cut your check? Of course you’re going to loose money.
@Invertmini1212
@Invertmini1212 7 ай бұрын
The trucking market is the worst ive seen it.. Been in it for 15 years and have seen the eb and flows.. Crazy times were living in.
@martinsantillan2538
@martinsantillan2538 7 ай бұрын
Swift is currently paying 1.15 dlls every mile over 800 mls And 1.30dlls per mile every mile under 800 mls. I can’t believe that!!
@peaches-bl2rj
@peaches-bl2rj 3 ай бұрын
Good luck man don't give up. As a small business profits no matter how small still show the company is profitable. Pay in your quarterly tax and never stop seeking advice.
@marcvalliant8131
@marcvalliant8131 7 ай бұрын
Start listening to kevin rutherford on his podcast. Its called "lets truck" and is on monday through friday starting at 8 am pacific. Great content! Best of luck
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Thanks for the info!
@Pushyhog
@Pushyhog 7 ай бұрын
lmao, ya should a been around with lil' bushees two terms, u dont have clue bout lost money.
@LifeBindeR222
@LifeBindeR222 5 ай бұрын
But you also owe full taxes, while company drive social security are split 50/50 with the company
@davidjackson-rq9gi
@davidjackson-rq9gi 6 ай бұрын
Leased operators lose anywhere from 30-50% of gross revenue and a percentage of the fsc although that is a hidden loss. The only way to truly be independent is to have your own operating authority and have your own customer base. While the cost of said operations is higher, so are the benefits. Buying a truck, leasing it on is a futile venture. As I always said, I can stay home and go broke.....Walk away.
@paulbarr1705
@paulbarr1705 6 ай бұрын
Great video. Thanks for posting. I’m a company driver, and I’m still in my first year of experience since getting my CDL (March 27th). I do local routes. Other than nights like tonight, when I’m waiting on a trade show to load at a convention center, I’m home almost every night. I think I’m pretty lucky to land this gig. $27.5/hr + overtime at 1.5x. From what I hear, freight brokers somehow infiltrated the industry and destroyed it for the actual drivers.
@JuanLopez-jk9mu
@JuanLopez-jk9mu 6 ай бұрын
The true measure is your average, cannot focus on individual weeks, it is tough, but yeah averages.
@russellpitney278
@russellpitney278 7 ай бұрын
when the engine goes down and it will the overhaul cost will be 40,000 to 50,000 plus the time to get it fixed i know guys driving for xpo making 1600 a week. 50 weeks in a truck 1000 a week? i can't believe people are telling this guy to hang in there for what
@Churchofhell
@Churchofhell 7 ай бұрын
Welcome to the game called trucking! And hang on, we ain't seen nothing yet!
@truckerkevthepaidtourist
@truckerkevthepaidtourist 7 ай бұрын
The reason they're called fleece purchases 🤪 you people just never seem to learn🫣 people have gotten burned will tell you story after story after horror story but you continue to be like oh no no no it'll be different for me🙄🙄🙄
@powerpace1
@powerpace1 7 ай бұрын
Truck drivers complaining? Imagine that?
@genegaede3602
@genegaede3602 7 ай бұрын
What spread sheet are you using
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Made it from scratch. I will make a blank template later this week.
@randydavis6117
@randydavis6117 7 ай бұрын
If you leased a truck from them with alot of miles you bought their woes so they dumped it on you. I wouldn't on a new truck to many problems with them i have 05 classic and it made money but i paid my dues on learning and what to do and not do so hang in there go find you a glider truck and someone got longer runs stay off west coast not worth it way fuel is out there and stay out of northeast also
@Craig-c6f
@Craig-c6f 7 ай бұрын
I do not think you used, trans-parent correctly in your sentence. Did you mean, transparent?
@sandroaces
@sandroaces 5 ай бұрын
I see you making this work. You will need to find a new company is all.
@nafakaboy
@nafakaboy 7 ай бұрын
yes unfortunately this happens to all of us from time to time but i wish u better luck next time. Keep us posted.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Thank you, I will
@rrh2918
@rrh2918 7 ай бұрын
Man you need to be a data analyst or something, not a truck driver.
@GTODVE23
@GTODVE23 7 ай бұрын
I have a truck I'll put you in at Landstar if you'd like to do this correctly.
@FrederickCasa
@FrederickCasa 7 ай бұрын
Out of curiosity are they giving you routes away from Colorado and the mountains because of the snow? Or are you on a specific account?
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
West coast currently best market. Terminal also has lots of dedicated around west coast. I also dont mind running Cali during the winter.
@FrederickCasa
@FrederickCasa 7 ай бұрын
@@truckingthesevenseas thanks
@shawnpew9942
@shawnpew9942 7 ай бұрын
Do knight break down everything like you’re spreadsheet?
@ChrisL-oz4lp
@ChrisL-oz4lp 7 ай бұрын
You don't need a spreadsheet. For every $1000.00 in revenue, you take home $210.00 after taxes.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
For the maintenance expense they don't. On my settlement every week i get a breakdown of fuel, miles, fees etc. Which is what i compile in the spreadsheet.
@tylerD-bx3ls
@tylerD-bx3ls 7 ай бұрын
Everyone goes thru hard times with work! hopefully the following weeks will be better for you!
@uhohspagettioh97531
@uhohspagettioh97531 7 ай бұрын
Bad deal, way better off with a mom and pop company. Gl
@jimromanowski6966
@jimromanowski6966 7 ай бұрын
Your living the American dream.
@JT2023.
@JT2023. 7 ай бұрын
I keep telling people trucking is done.
@apocyldoomer
@apocyldoomer 7 ай бұрын
OUCH, double ouch!
@stephendoughty3798
@stephendoughty3798 7 ай бұрын
Quit14 years ago
@MrFriday83
@MrFriday83 7 ай бұрын
Couple of things i noticed that i believe you should implement into your spreadsheet. The biggest one is tax advantages, you have cost and you have tax deductions this is a more difficult thing to implement into your cost but I personally believe its mandatory to properly gauge your performance. Knowing your true net, is the single best indicator. A company employee has no where to hide their money from taxes, where you do. This could technically make or break this whole experiment. Couple other things doing a quick look at your sheets, they are doing a VERY VERY good job at limiting your empty miles which major kudos to them. This is another item you need to be specially highlighted is EMPTY miles. This is a 100% expense, and needs to be accurately separated and tracked. Overall, im very impressed with how well you're doing with how high your overhead is vs the income.
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Thank you! Ya i could track my Taxes but the problem is it varies so widely depending on state, company structure, etc that I am not willing to go into it. Just tracking cash flow and if someone wants to backhand match their tax burden based on their circumstance, then they can certainly do it.
@MrFriday83
@MrFriday83 7 ай бұрын
@@truckingthesevenseas Very true, totally understand why. If you haven't already, Id strongly encourage you to take a serious look into dedicated accounts (if it has any interest to you). Between, Swift, knight us xpress there might be some big opportunities there. Id personally like to see you making 1.5x-2x of what your currently making. The awnser just might be in the dedicated. For instance, say if you get onto a Walmart their dispatching is unrivalled in the industry, they keep you moving.
@richcherwalk6349
@richcherwalk6349 7 ай бұрын
I don’t get why you’re only getting $1.63 a mile I thought national average is $2.15 a mile?
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
Knight pays by the mile flat rate. Insurance is mostly covered by Knight though and a fair amount of maintenance expense is also covered as a counter to the low rate.
@tjlinder3760
@tjlinder3760 7 ай бұрын
By law you should be getting a 34% fuel surcharge on top of your run. I don’t think anyone realizes or takes in account when bidding on freight
@BigBallinCarHaulin
@BigBallinCarHaulin 7 ай бұрын
Sub $3+/mi. is craaaaazy.
@daniellegler4011
@daniellegler4011 7 ай бұрын
Soy Trucking.
@moosehand8721
@moosehand8721 4 ай бұрын
Knight can gfts
@michaelhadden9550
@michaelhadden9550 7 ай бұрын
What app do you use to show your trips you have done
@truckingthesevenseas
@truckingthesevenseas 7 ай бұрын
TravelBoast app
@paullogan9960
@paullogan9960 7 ай бұрын
7:30 I stopped here cause you say $51.00 for fuel & mileage??? What are you talking about? Are you wasting that much fuel? What is you MPG? 2??? My goodness I pay an average 30-50 PER YEAR. Please tell me you did NOT get fuel in Oregon.
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