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

[@luisrosario363]

You guys are slowly becoming my fav trucking KZbin 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]

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

[@william1998cc]

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

[@NorthAmerican-Trucking-News]

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

[@TheHappyHermit]

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]

Thank u Much appreciated Stay Tuned, great Videos coming

[@mukfay]

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!

[@kmg501]

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]

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

[@christophergordon7521]

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.

[@jeffkriger1833]

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

[@NorthAmerican-Trucking-News]

Thanks for the comment Jeff Appreciate it

[@ruttinbuck06]

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

[@NorthAmerican-Trucking-News]

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

[@patrickn.99]

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]

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

[@78043jimenez]

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

[@rayjohnson1686]

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

[@conleycroom8813]

Your videos are the best thing to happen to trucking.

[@NorthAmerican-Trucking-News]

Thank u soooo much for the feedback Much appreciated

[@veed_official]

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]

Thanks for the positive feedback Appreciate the comments

[@arthursmith9264]

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

[@grillscheese1805]

This is great info! Awesome channel!

[@mrstevemoyo6777]

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

[@clarencestanley5988]

I always LEARN FRO YUR VIDEOS...

[@JAvellino669]

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]

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)

[@richforeverguapo8890]

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

[@NorthAmerican-Trucking-News]

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

[@paulbuehler7847]

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

[@NorthAmerican-Trucking-News]

Thank u Appreciate the comments

[@mohamedmakhtal2487]

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]

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

[@SummerTimeTrivia]

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

[@TrackJax]

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

[@NorthAmerican-Trucking-News]

Thank you I appreciate the feedback.

[@Hvlog-tv]

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👍

[@debbiepowers4743]

Super helpful info!! Keep it up please.

[@anthonyfernandez5826]

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]

Thanks for sharing

[@anthonyfernandez5826]

@@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]

@Paul Smith $40 a hour net profit.

[@symonnmburu]

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]

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

[@williamq5627]

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

[@NorthAmerican-Trucking-News]

U are most welcome William Appreciate the positive feedback

[@evguenimertodjan9783]

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

[@NorthAmerican-Trucking-News]

Much appreciated Thank u

[@DimitreP]

Great job guys, keep it coming

[@NorthAmerican-Trucking-News]

Thank you!

[@MrSomeofthem]

Thanks so much for the time and effort 💪🏻🚛

[@NorthAmerican-Trucking-News]

Appreciate the comment Thank u. Glad u enjoyed it

[@taraiyalaizer6172]

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

[@NorthAmerican-Trucking-News]

Thanks Appreciate the positive feedback

[@mcgaughey74]

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

[@kentr2424]

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]

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]

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]

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]

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

[@borooooo]

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

[@NorthAmerican-Trucking-News]

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

[@billylunn7415]

Very helpful information. Thank you.

[@V29546]

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

[@NorthAmerican-Trucking-News]

Thank u Same to u and your family

[@ricrahk6499]

Thank your breaking this all down. 🔥🔥

[@chrisgarrett3110]

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

[@Goal-2-Go]

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..

[@ralphkrahn7440]

Great segment

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@yezzir5464]

Very good info!!! Thank you much!

[@theophiluswilson3683]

Very educative

[@alberthill6025]

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

[@NorthAmerican-Trucking-News]

U are welcome Glad the data helped

[@michelb01]

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

[@NorthAmerican-Trucking-News]

NP Glad u are enjoying them

[@ronbranum4134]

Good info... Thanks for the effort.

[@rockout1180]

Great comparison Ronen Want to see the flatbed breakdown

[@NorthAmerican-Trucking-News]

Stay tuned Tomorrow release Flatbed comparison

[@Nets5781]

Good video with good information

[@jimotis2185]

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.

[@peterajoku4602]

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]

Thank u Appreciate the comments

[@jeffreyreyes949]

Very informative video!

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@ThehouseofSIN999]

Greatly done👍🏻

[@marcedwards5643]

I appreciate the information.

[@eduardwilliams1245]

Great video. Really useful.

[@francisdelaney2228]

Thank you for the information

[@Tek905]

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]

Stay tuned Will be coming out approx Jan 20th

[@ennengb2010]

Good info, thanks !

[@jeanm3988]

thanks Renen!!!

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@dariddler3099]

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

[@bobboy5508]

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.

[@rodericktrowhill4132]

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]

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

[@shabalalamartin]

Great video big guy

[@kennethsnyder9236]

I am just getting interested in this channel

[@truckerraven.8906]

Another great video thank you very much👍

[@NorthAmerican-Trucking-News]

U are very welcome

[@PROquickscope360]

Awesome!! Awareness!!!

[@Turbo-6]

All thumbs up, love the numbers.

[@NorthAmerican-Trucking-News]

Thank u Much appreciated

[@ayazkhalid1196]

Superb

[@chaimberger5392]

Thanks for the video!

[@NorthAmerican-Trucking-News]

U welcome

[@604h22a]

Happy new year 🙏🏻

[@NorthAmerican-Trucking-News]

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

[@johnf7365]

I'm from kitchener Ontario, I have been in the trucking business since 1994. I have driven triaxle dump trucks, owned hwy tractors and worked for 2 trucking companies... 1 of which was bought out by fastfrate of toronto back in 2007 and was just laid off from Loblaw cambridge maplegrove DC in march of 2021. I'm currently driving city transit. Decided to get out of trucking all together just cause of the numerous shady companies out here and uncertainty... I would love to get back into trucking, but transit is a secure great pay, benefits and pension... I would like to say your channel is given me some faith in getting back in. So your owner operators are making $1.47/mile? Or is that for the lease operators? If so what are the owner operators making per mile? Thank you

[@gmullinsiii]

Thank you for this

[@MrBombilla]

Great video.

[@NorthAmerican-Trucking-News]

Thanks!

[@323Jjay]

Thank you for this info 🙏🏾

[@NorthAmerican-Trucking-News]

NP Glad u enjoyed it

[@andrewbarnett4621]

Happy New year 🎆🎆🎇🎇🎇🎇🎇

[@NorthAmerican-Trucking-News]

Thank u Same to u

[@trentallman984]

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]

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]

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

[@primeartifacts6467]

Lease operator made 128,500$ after expense. It was not net. The net income would come after taxes. Why didnt mentioned taxation on those 128k? After taxes he would probably be close or slightly ahead of the company driver. Plz correct me if am wrong

[@TheEnginescrazy]

Great videos thank you

[@manuelnavarro2240]

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

[@steniofernandez824]

1099 is the way to go!.am a company driver a W2 make $67,000 pay on tax $15,000 get only $400 back!..i bet that with a 1099 I’ll go even on back taxes!

[@kingsleyokehi5705]

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?

[@ronhaddock5710]

another great video

[@PTucker0864]

I noticed the fuel amount was very low. $10,000? No way. At 7.5 mpg, 18,354 gals. @ an average of $2.75 per gal. is $50,473.50. Now take another $40k off of the $128,500. It's funny how so many wannabe O/Os will be talked right around the fine print...lol.

[@tac969]

There was $51,000 in US fuel as well, $10,000 was just in Canada

[@jasonshawn9102]

So $91455 yearly = $ 7621 per month with 12 hours a day with 1 day off in week so 12 hours working 25-26 days in a month which is 300-312 hours in a month so hourly around $ 24- 25$ per hour, is still not good

[@NorthAmerican-Trucking-News]

36 hours off per week 5.5 days working. Yes it will come out to about 29-32 per hour

[@damnsnowflakes2403]

Yes sir! The down fall of working for someone else

[@gavin4502]

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

[@relaxingmusic4961]

Do lease-operators not pay federal income tax? Or was it accounted for in the addition of the $12500?

[@isaacroland7968]

Very good presentation

[@sundayamubioya6941]

Thanks buddy

[@alirahal5900]

Thank you.

[@NorthAmerican-Trucking-News]

NP Hope u enjoyed

[@johnysilver1853]

I didn't find truck registration expense which is around 2k a year and also HVUT 2290 Tax which is 550$/year

[@doubledeucecanada1410]

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.

[@SmoothSoothingSounds]

Great 👍🏽 info

[@fantai10]

when he pay off his truck, will he still work for your company and if he does, how do you pay him?

[@gashawmekibib1781]

Great information

[@NorthAmerican-Trucking-News]

Appreciate the comments

[@jonathanpatrick4310]

thanks!

[@jamesdchamp]

Same as with the Flatbed Division comparison, the driver number is after taxes but the lease operator is before taxes. So, not an equal comparison. :?

[@arthursmith9264]

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

[@eclipsetrekker]

I only see $60k in HST reimbursable expenses, where is the other 40k ? What else can we get HST back for? Also, the lease operator still has to pay income tax, cpp, EI on that NET you listed no? ( I understand that it's not on the entire amount if it's a corporation)

[@derrickclarke3920]

Very important video Ronen I am now where there

[@NorthAmerican-Trucking-News]

Thanks for the comment Derrick

[@alejandrocastro0309]

Thank you

[@DLSWV]

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

[@NorthAmerican-Trucking-News]

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]

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