Thread: To Crete, or not To Crete?

John, following you will find your September 2009 monthly financial statement. In looking at the September financials, you are showing a Net Profit of $41,695 for the year-to-date period. This comes out to $0.422 cents per mile and is based on 98,877 paid miles. You are averaging 10,986 paid miles per month this year compared with 12,045 monthly miles you averaged last year. You were out on the road 250 days through the end of September 2009...

Chiefwhatdahey wrote: Detroit 60 wrote: Did you fax amendments to have the broker sign that will save you a lot of hassle should the broker skip? Do you even have an amendment that spells out what you will do to collect should the broker stick it to you? Yes and yes, I didn't bother with the big brokerage houses as they could be trusted to pay but small brokers most definately. Are you referring to TONU? No There wasn't a 100%...

Actually Les, he isn't running for $1.15, that is what his costs are. Here, try actually reading it this time. Go slow, and it might sink in. Quote: That comes out to 1.15 a mile. It shouldn't cost more than that to run under your own name. 1.70 per mile isn't great and an independent should always be on the lookout for better,but you can still survive on it when times are slow. Maybe people that can't comprehend basic...

Les is right, the problem with many indies is they see the bigs treating their headhauls like backhauls or fillers to get to another area. Most indies are either incompetent or too lazy when it comes to securing their own freight, they would rather rely on brokers to do it for them and then bi*tch about how much a cut they're taking. Who was it that said (on another site) that they can make a profit on $1.70 per mile as an indie? As far...

you are showing a Net Profit of $74,087 for the year-to-date period. This comes out to $0.491 cents per mile and is based on 151,027 paid miles. An average Indie,as you all call them,can earn that same amount on 120,000.00 miles a year or less. Let's go with Detroit 60's 1.70 a mile. 120,000.00 x1.70=204,000.00 Minus 130,000.00 and you have 74,000.00. _________________ Send me some Viagra.

Part Time Dweller wrote: Guys like me Les? Now that is funny. I actually have a job and a life. What were you saying now? Someone in the back row is talking over you. I know DD60, and he doesn't run for $1.15. Again, he stated he can survive on $1.70, but prefers more. simple Les, he knows his minimum, but tries not to make that a habit. Your insurance examples are nothing but a bunch of "if's", not reality. Sounds...

Shady, for the reasons you listed, the only pertinent number for comparison is average gross income per mile, and I think that's what JDR was looking for (at least partially). I have always said, and you well illustrated, that net numbers cannot be compared since there are so many opinions on what is a true business expense and the generally nonstandard way that owner operators amortize thier equipment cost (it is not done on a monthly...

Chiefwhatdahey wrote: Hey, that's my line, don't credit it to him I am sorry and have taken steps to correct my mistake. I hope that I have not injured you or PTD with my mistake and hope that we can refrain from escalating this into a civil action ... _________________ " Our Constitution was made only for a religious and moral people. It is wholly inadequate for the government of any other. "- John Adams

Mark-The-Spark wrote: I have no idea where your facts came from, since you have not provided a link . . . . however, based upon what I've read about the issue, all the terminology is geared towards route-based intrastate uniformed delivery drivers. Better read again: Quote: In November 2004, FedEx lost a National Labor Relations Board case in Newark, N.J., when the NLRB director ruled that its pick-up and delivery drivers at its...

jdrentzjr wrote: duh! As a sole proprietor I do pay taxes on all net profit. The cost to file as a corporation, and the lack of any liability protection (as the actual drive), does not make it financially benificial to file taxes otherwise. Therefore, I take a weekly draw/paycheck based in my personal finances, and the remainder stays in the truck account to pay maintainance and taxes, and to build capital. There are three steps to any...