Pay Statements Revealed with Fuel Surcharge - Owner Operators Compensated with Today's Diesel Prices

We are back with some pay comparisons from our truck owner operators. How much have their paycheques changed since the new fuel surcharge? Watch to find out!
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[@lungelinecowboy]

As an owner operator being hired onto a company I don't know. I'm going to take your figures and I'll calculate on a safe 2500 miles a week. Then I plan on getting an average of 7 mpg. So with your figures that's $4700 gross - $3250 fuel (@$2.00 a litre right now) = $1450. No thanks. Banking on big miles and great fuel mileage all the time is just business planning on hopes and dreams. Unless a company is talking 2.60 a mile right now minimum, they can keep advertising for steering wheel holders.

[@MrLineHaul]

This whole bullshit with 3000 miles plus a week is nonsense… In reality you can never really log more than around 2800 miles a week because of the rest of it like loading and unloading, plus the Pay is so shitty it is like modern slavery pretty much.

[@PurplePeterbiltlife1958]

Thanks Ronen Another great video this is awesome information for anybody in the trucking business including company drivers. As I once said before I only wish this channel had a been out years ago you’re doing a great job keep it up

[@NorthAmerican-Trucking-News]

Thank u

[@18speed]

great job thnks for the information

[@starsstripes990]

Great Ronen were can I get a lease Op that pay me what you say so I can take home that much after expense. Taken out everyone I got in the past seam to just used me for there contract loads and give little to nothing for my worth. I'm a subscriber with 14 years under my belt no accident no DUI clean all around living on the north east USA. Thanks

[@MrLineHaul]

It is so unfortunate that after the deregulation in 1981 when owner operators used to charge $2.20 a mile ( we are talking 1981 expenses and cost of equipment and parts and everything else ) , because it was regulated everywhere USA and Canada, these days making/grossing even $ 1.80 a mile plus the fuel surcharge it’s not nearly enough, if you are not getting paid at least a low rate $2.50 a mile plus the fuel surcharges, you are capped at $.55 a litre for fuel or getting a fuel supplement of $1.20 a mile , on top of mileage pay, you cannot really make any money in this business anymore. This is from a small fleet owner working five Highway trucks full-time and one truck half the time as a spare unit for a major company that pays us really well but still we manage on average to make about 13.5% Net profit on gross revenue after paying out everything, trucks, plates, drivers, fuel, and everything else in between. If you don’t make at least 18% net profit then you are not making any money. As a comparison FedEx corporation and UPS they make around 20% net profit on gross revenue. Those two companies are on the high end of things obviously. But you have a lot of other small and midsize premium carriers that make about 19% net profit on gross revenue on average. Even the lowest paid owner operator he should not buy a truck and work for less than two dollars a mile plus the fuel surcharge and possibly with all the tolls paid with plates paid with the rest of it paid by the carrier. As a last word , I would say that in my years of trucking in Canada , I see a lot of people get in it , to make money without any knowledge about the industry whatsoever and they charge very low rates and mess it up for everybody else that is a professional and charges proper rates. Plus we are not even talking about the drivers that get in the industry without even having any passion or like about what they are about to do for the rest of their life, they don’t even like trucks , they don’t even like machinery they’re not mechanically inclined, they don’t understand the basics of machinery, they are not good with hydraulics, they don’t understand pneumatics etc. etc. how the hell are they going to become professional truck drivers??? That is beyond me…

[@akindelogistics1991]

Ronen, you have definitely won my heart with this awesome content you are giving out. Kudos bro

[@NorthAmerican-Trucking-News]

I appreciate that!

[@j.petersconstruction7729]

Ronan I have been listening to your videos about foriegn workers and I want to send a CV plus do a live video with me driving tractor truck in my country

[@NorthAmerican-Trucking-News]

Where do you drive truck? The live video sounds like a great idea! Send us an email: [e-mail]

[@larrygunnell8031]

Once again, great video Ronan. As usual, you put out some great content. Keep up the great work!

[@NorthAmerican-Trucking-News]

Thanks, will do!

[@russellowens8111]

I would like to see lease purchase operator figures. Pay,fees etc.

[@claudem.p.7969]

excellent again. if we are paid per hour what is a good rate. 20 to 25 $/h ???

[@supportcanzuk5287]

Hey driver, when I drove local I was being paid 950$ a week take home at 26$/h.

[@chriskahlson]

Best In the business great work thank you

[@NorthAmerican-Trucking-News]

Our pleasure!

[@ShannanThomasTrucking]

Great information 👍

[@zelalemmekuria4349]

Thank you bro

[@NorthAmerican-Trucking-News]

Any time! Thanks for watching!

[@chriskahlson]

Net to driver who has to pay all the truck ownership expenses ? What does that cost each month ?

[@Turbo-6]

Hey Ronan, any chance you can go through the specking of a truck line by line as if we were buying one?

[@cash8230]

I am looking to get my CDL A, I am in Florida. Trying to decide if I should go with a mega carrier like Prime Inc, or pay out of pocket for CDL. I have a spotless record, criminal and driving. I don't drink, don't smoke, no drugs, no wife or kids. I am definitely an introvert and I am a business owner, and business oriented. All my paperwork is set and I have my CDL permit from Florida. I am looking to sign the papers or pay the out of pocket fee by the end of May. I rather not eat the 6-8k school fee, but if it is a better route then so be it. I just know that mega carriers at least prime emphasis on longer training but also pay you less. I am not so worried about the pay, only want to get my 1 year experience in. I am not one to expect good pay for a beginner nor do I believe shit should be handed to you, but earned with time and skill. Any tips would be amazing, If you or any one in the comments has experience or opinions it would be greatly appreciated. Thank you, and keep trucking!

[@Croix9389]

Metropolitan cdl school in Miami or west palm beach i got my cdl in 2017 for $1500.Price now is a little up from what I paid but still is better than being tied down to a mega carrier and making low pay for a whole year.You can do your training part time or full time on your schedule

[@rangehound101]

In an unrelated topic, Every so often I Google used semi trucks for sale many newer models(2017-2019) are selling at 700,000 to 1,000,000 miles. I am not a trucker just love toys for big boys, is the their a standard reason why truckers or trucking companies get rid of these truck at those mileages? Would it not be cheaper to rebuild the engine for 20,000 or so then buying a new rig? Or is it that these truck all used up by heavy usage?

[@PurplePeterbiltlife1958]

Yes most people sell their trucks around 650 to 850,000 this is because this will be the highest threshold for resell. If you keep the truck much longer than that you may start running into larger repairs. When you sell the truck with that kind of mileage the next buyer should have possibly two more years before they get into major repairs.

[@kaitlynngenevieve4117]

For larger companies at least. I think its more cost effective to cycle a truck into sale before its warranty ends and purchase a new truck. Most required maintenance is covered by warranty and either no cost or low cost. Engine Overhauls generally come with a warranty but aren’t worth the effort (for larger companies). The average semi engine is “guaranteed” up to a million miles though.

[@Greg3070]

I'm confused, who pays for the fuel? I'm an O/O with Landstar and I'm paying 5.88 a gallon = 98 cents a mile. Add my repair fund of 20 cents a mile = 1.18. I break my monthly costs down by 6000 miles, a safe number I can usually beat, and I get 53 cents a mile. That's 1.71 a mile to roll, you're showing 1.88 a mile for pay. That is only 17 cents a mile profit. Where do our systems differ? Obviously no one is working for 17 cents a mile.

[@tompain2751]

I'm confused. You only make $3300 a month? I net $1,000 a week, company driver, and sleep in my own bed+ paid vacation, insurance etcetera. I was thinking of buying a truck but, it doesn't look like it's worth it.

[@Greg3070]

@@tompain2751 I think you misunderstood. I never listed my income. Those are all cost numbers. I see what may be confusing when I said I get 53 cents. In this case, I used "get" when I should have said my monthly fixed costs equate to 53 cents a mile. Take a look at the math and I think you'll see what I was trying to say. All my fixed expenses are $3180. I divide that by a fairly safe number of 1500 miles a week. 1500 a week times 4 weeks is 6000 miles. When you divide $3180 by 6000 miles the answer is 53 cents per mile. I know there are more than four weeks in a month, but this gives me a safe round number to plan for. I also do more than 1500 miles a week when I chose to work. Lol. So I have 53 cents a mile for fixed costs. 20 cents a mile for repairs. And right now in California I'm paying almost $6 a gallon for fuel. I get about 6 mpg. So it's near $1 per mile. All that added together costs me $1.73 per mile to roll the truck. If I receive $2.43 a mile I make 70 cents a mile for myself. $2.43 (pay) - $1.73 (costs) = 0.70 per mile for me. Again, these are minimums, not expectations or common numbers. If I receive $2.90 a mile, I make $1.17 a mile. When you go O/O you need base numbers to know what you can and cannot do. If you don't have those you'll hear big numbers and get deceived. Never do that. You hear $6000 to go from LA to NYC and think woo hoo in gonna be rich, only to find out you just paid them $500 to work a week. I know guys who have fallen into that trap. Usually only happens once. Lol. I personally don't work as hard as many do. I enjoy my time off and my freedom. I am retired from a city job and have a decent pension. From what I have seen and heard, the average O/O and the experienced driver working for a good company probably come out about the same, in the end. If your goal is purely money, and you plan to work your ass off, you may be just as well off with a good company. But if you want more freedom and more control over your personal life, then being an O/O is the better choice. If you are a good salesman and can get your business signed up with some specialty work, like oversized and a few others out there, yes you can make a lot more money as an owner operator, but that's a business skill, not a driver skill. It's something you need to learn to do well at to be highly successful.

[@tompain2751]

@@Greg3070 Thank you. I did think that you were saying $.53, was your net. That, would be bad! I,m not sure what my next move is. I'm just getting tired of New England winters, with a flat bed.

[@peter5824]

Hell buddy I’m an OO & would like for you to please look over my pay statement & see what you think?

[@michaelcopeland8985]

How is today's fright rates?

[@wisemommah7821]

Good content! 👍👍👍 Hi Ronen, Re: Owner Operator, Do you pay different for USA 🇺🇸 miles vs. CANADA 🇨🇦 Miles? How much per mile would it be respectively? Re: Company Driver, how much in your own knowledge is a fair rate per mile ? For Canada 🇨🇦 and USA 🇺🇸 respectively. We are deciding what's our next move as a family, your answer would mean a lot. Thank you so much.

[@NorthAmerican-Trucking-News]

our millage RATES are the same for Canada Miles and US miles.

[@sushilabajwa499]

can I get dispatch course from you?

[@victormmedina1457]

Question bro, is a rumors that maybe around 2024 is possible government eliminate DEF in new trucks because they found is not "friendly environment " plus all negative in repairs and costs. Can you finding this rumors for us. Thanks

[@NorthAmerican-Trucking-News]

i have not heard anything about that.

[@RobertJones-nb9ey]

Hey Roland what you got to do become a company driver at ET transport please text me back so I know what to do thank you Barbara

[@ATippePodcast]

33 cents ? We are at 70 cents fuel surcharge

[@davidrosenberg353]

good stuff. Thanks.

[@anmolsidhu4782]

This is a great series. A sample pay statement should be done every 3 month on the channel. Would be a great video. Great idea Ronen

[@NorthAmerican-Trucking-News]

That's a great idea!

[@ChristisKingOverMyLife]

Insightful as always.

[@NorthAmerican-Trucking-News]

Much appreciated!

[@williamrobinson6680]

What should the OTR Cargo Van O/O be making? Thanks!

[@bryanfugate2272]

Ronen: I wished I got 7k-8k miles a pay period, when I was doing OTR. I wad lucky to get 900 miles

[@tompain2751]

900 miles for a 2 week pay period?

[@Greg3070]

Bryan, if you're only getting 900 miles, even per week, you are either with a bad carrier or they are bad to you. You gotta move on from that. Low miles are 1500 per week, 2000 is prob average and 2500 is good in my experience. I know those aren't great either, but they are realistic with a new solo driver at a mega carrier.

[@Turbo-6]

love the numbers! Thanks!

[@NorthAmerican-Trucking-News]

Glad to help!

[@parveshsingh8756]

No truck can do 8-9 mpg doing reefer runs.

[@kaitlynngenevieve4117]

My truck constantly gets between 8-10 mpg and I run reefer through the baby mountains of PA and VA.

[@bmaue3]

I consistently run 8.5-9.5 mpg running reefer coast to coast. With my company’s fsc and fuel discounts I actually make a $100-$200 profit per week on current fuel prices.