Final Week as a Knight Transportation Lease Operator Pay. Final Check Before Landstar Owner Operator
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- เผยแพร่เมื่อ 22 มี.ค. 2024
- Link to the Lease Profit/Loss Spreadsheet
docs.google.com/spreadsheets/...
Blank Template Lease P/L
docs.google.com/spreadsheets/...
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.com/177155
Link to the Lease Analysis Spreadsheet.
docs.google.com/spreadsheets/...
Google link to the company pay spreadsheet. It was converted from Excel to Google Sheets so some formatting issues may have occurred.
docs.google.com/spreadsheets/...
Blank Company Driver Spreadsheet
docs.google.com/spreadsheets/...
Maintenance Cover Word Doc
docs.google.com/document/d/1j...
Interested in driving for Knight Transportation? Click the link below to contact a driver recruiter.
knightfriends.com/177155
On your very first video in this series, I posted a comment that said you would last 6 months, tops before going broke. And here we are, 5 months later, and you finally realized what a predatory scam mega carrier lease-op programs are. I'm glad you learned your lesson before becoming homeless and I wish you the best of luck with Landstar.
Your wrong. He had full intentions of purchasing a truck. Just test driving it for a period of time before buying it. Solid idea. He had no interest in the predatory lease. He was "test driving" the truck and purchased it. He explained this in detail in other vids. Nothing about the lease being "bad"
@@mr3000gtman everything about that lease was bad, including the truck. It was a port truck. If you know anything about port work, you know that a 50k miles running ports is equivalent to 500k miles running OTR.
@FreeThoughtCrime and he's been driving it how long now with no real issues? It's not a truck for you. It's a truck for him. I have a truck I own that's 500k miles. Runs fine. Pulls heavy loads daily. Take care of your equip it will take care of you. Also 3rd party warranty helps too if u opt into it. He worked. Got paid to do a long test drive. I see nothing wrong with that at all
LANDSTART takes so much % of the loads it’s about 35% of each load FK that!!!… I was there only one month and left and got my own Authority FK!!!
Well said bro 💯
Thank you, thank you. I’ve been thinking about switching careers and always wanted to do trucking. Now that I’m in my 50’s and been working for a big bank for 32 years I think I’m ready for the leap. I will be leaving 150k/yr job but I will also be leaving the corporate BS and stress. The kids are out of the house and my wife may join me as a co-pilot or maybe team driver. This really helps layout the financial reality of trucking and what options might fit you best. I will be taking a major pay cut but your videos are really helping me figure out how I can make it work. Thank you and great job with videos and content.
Glad they were helpful!
All the best for the future looking in from DANMARK
Once you get set up if you want, feel free to reach out. Been at Landstar for 12 years.
I would love to talk to you about Landstar. I’m seriously thinking about going with them and would like to talk with someone that’s been there for 12 years
This guy will be a successful driver where ever he chooses to go....
I appreciate you sharing your experience and journey with Knight and the different positions you had along the way. I’m headed to Land Star when I meet the requirements.
Good luck on the next chapter of your journey.
solid video, and i agree this is the most complete breakdown ive seen. i will say a thing you didnt mention (that COULD be included in your net but i didnt hear you say that) is how much you were taking out of that for taxes. that definitely changes that figure a a small bit. other than that i actually really liked this video. dont listen to the haters, you said you been in trucking for 3 years in this video and you already own that truck. most people only wish they could be successful like that.
Thank You! Taxes vary wildly by individual circumstance so I've decided to just cover gross (net) pay. I do get asked alot about that but I decided against it because there's too many factors in play...
@@truckingthesevenseas yea thats completely fair, i was def putting away more than i needed too when i was leasing, altho that had the nice benifit of allowing me a solid little bonus too ;p
Congrats on purchasing your truck. Best wishes in this next chapter of your career with Landstar.
Excellent work! Congratulations!
Excellent numbers tracking thank you and best of luck Numbers talk and BS walks
Great video thanks for sharing this information...it's sad that this information isn't really available for most drivers
Congrats on the new direction of your career. You are a great source of info and your transparency and honesty in these videos is commendable. Keep up the great work!
👏🏾 congratulations!!!!
Thanks for all of your vids. I hate to see you leave Knight, I always look for ya so I can say hey. Maybe someday I’ll catch up to ya at a truck stop or a shipper. Peace.
Great stuff and very much appreciated!
My pleasure!
Honest, clear video. This will help others looking at leases and/or company positions.
Thank you for this.
You compiled all you needed except long term trucking experience.
I've been following you for a while.. I thought you'd go back to Knight as an employee. Guess I was wrong. Looking forward to more videos!
This information is very valuable and well presented, and a perfect example of why you should never, ever, do this. It's a scam. And never work for any company that pays so low. Look around and find a good company. Know your worth. I made $122k as a company driver last year, without the stress and risk. I may be crazy to give that up, but I'm bored and also coming over to landstar soon. I'm looking forward to following along, I think you're going to kill it.
that's going to be a pricey paint job
Good job on tracking your expenses and revenue. Best wishes on being an o/o.
I really appreciate your video content. Nobody has ever done this like you have. I’d have bet the farm that a lease operator made way more that $65k per year but you are showing it just isn’t so. I’m excited to see what you do as an owner operator. I’ve always been under the impression that they make over 6 figures easily. I guess we are about to find out. Keep up the great content. 👍🏼
I make 120K as a company guy (year 1) so I have no idea how Knight is getting away with crime like this. Absolutely insane
@@joshuakeys5390who you driving for that your making $120k. And what’s you ppm? That’s a great company wage. Good job.
That’s too low. Just buy a box truck with your own authority and you’ll make a lot more with less the headache
Not sure you want to talk about this but you seem open to talk about all things trucking. Curious what year make and model your truck is. What you paid for it and what the loan terms and payments are. Would be a good thing to know for those wanting to buy a truck. Love your content. Keep on going. Channel is excellent. 👍🏻
I think this info will help people and you did the work to get it congratulations you did it and going to landstar is a ok idea all the companies suck these days it seems landstar only pays 65% they have a lot of freight but 35% off what the load board number is sucks
yeah, 70 cents sounds cool. But, no benefits, no 401k + match, and you still need pay taxes afterwards. Anyway i like your videos, very detailed
Welp imma bout to do the same thing and run like hell with swift, then go land star after I pay it off 😂. Trap or not statistics don’t lie.
I'm not going to call lease purchase a scam, but it surely has its pitfalls. You played the cards you were dealt perfectly.
Congrats!!! You followed your own path and took a chance on your self. And stayed consistent. You deserve it. Good luck with your future journey with landstar.🎉🎉🎉
Thank you!
Have you seen any of the blue ribbon trucking videos on TH-cam, they have trucks on with landstar, they seem to have a good system, some good advice
Leasing is hit or miss. Ive been with ATS for 3 years, and despite so many of our drivers dropping out, I'm still doing fairly well in the freight recession.
Average net per week?
Your owner operator numbers estimate is completely off
But on the hole, you did a pretty good job
You also got pretty lucky in your maintenance on the truck, which makes me curious for your truck information. Was the truck new or used and what model in year is it?
Just remember my friends, statistics show over 90% of lease operators will fail. This gentleman is a rare example that he purchased a higher mileage truck and was able to cash out with his savings. If you go and buy a truck from a dealer I would highly suggest purchasing an extended warranty for at least a year. I bought a 2014 KW t660 with a bank loan 6 years ago and in the first year the compressor died. The KW shop charged @$7k. and the warranty covered it. I sold the truck last September. Not looking back. 14 years over the road was enough.
Great info. I wonder what taxes are going to look like being a 1099 employee. It's especially great info considering you giving all viewpoints. I'm sure Knight has employee 'benefits' as well. I'm not sure how good they are. That's why I look at Glassdoor.
Taxes are about thirty percent of what you have left after every single deduction
4 days on 3 days off 2500 miles a week .82cpm no worries about taxes\breakdowns/ expenses yeah I’ll pass on lease/owner op
What company?
@@user-je1gb4of5yfedex
Wait a minute now...
You are saying that there's no guarantee in trucking 😂😂 100% True 🍻🇺🇸
I do not plan on being a truck driver instead, I plan on being a mechanic 🧑🔧 on semi trucks 🚛. One reason OTR would not be a possibility being the fact that I have glaucoma and I need my eye drop prescription filled from time to time and I would need to see my eye doctor regularly and there is no guarantee when you will be able to see your eye doctor being OTR, a third reason I would have to attend a truck driver training school because most BMV test is for automatic transmission CDL certification and it would be very costly and it would be very challenging being the fact I don’t know how to drive a passenger vehicle manual transmission and commercial vehicle manual transmissions are much more challenging than a passenger vehicle manual transmission a.k.a. stick shift. 🙂
is that discounting taxes?
Folks love saying “It’s a scam” Folks needs to look up the definition of a scam. No one makes you SIGN Anything!
If you rent/lease it gives you somewhat of an idea of what to expect being an O/O.
52 cents a mile......whhhhhyyyyyyyyyyyyyy????
Glad you got away from knight
72 cents as leased operator is poor house
Just drivers wages
i got a question man. what was the price on the trucc and how did you pay it off? did you pay it off working their program? loan? or just used your saving or basically own money? to pay that shit off im 5 months with tha numbers you were posting is crazy. im happy af for you just curious.
It was 60k I used savings to pay it off.
@@truckingthesevenseas well not having a payment and going to landstar even a bad week is a good week😂😂 also man landstar cool but theres other companies bro u can self dispatch n use agents. one tip is dont rely on tha loadboard. where im at tha loadboard is shit nobody else wants the agents have all their freight. amd theres a handfull of companies that have same day pay as well like where im at. its deff nice af if u fuel right...but landstars network for discounts is trully unmatched in tha owner op world!! im proud of u man wish i had 60 bands to drop on a trucc lol i got this high asd payment
@@412hwcHe still has a payment.It's called a maintenance fund or a truck replacement fund
.72 a mile? 😅
I think you did a great job providing data and you’re way too good for a company like yours. However telling us it’s not a scam is misleading. 72 cpm is company driver pay at a good company. What your company does is sell used trucks at a premium to its own drivers, hands them all of the financial responsibility and risk, and pays them company driver pay all for the privilege of “running their own business.” That’s a scam and you know damn well that a single minor breakdown could’ve wiped out every last extra penny you made as a lease op which is why you’re getting out so quick.
In other words you would have made more money as a wal mart door greeter than working fourteen hours each day sleeping in the cab of a truck taking a shower about every four days. Eating unhealthy foods if you are lucky you will hopefully find a parking space? You probably won't find a parking space after eight pm at night time. Did you actuality say what you paid for a used truck with 400 plus thousand miles? Well trucks with that average miles can be purchased for sixteen up to twenty thousand dollars instead of around forty to fifty thousand dollars. So lease purchase with any carrier is a rip off. Just call it what it really is.
Where are you finding those trucks for twenty thousand dollars with ? Besides the auction.
So this is a dirty scam they've just been pretending not to exploit or abuse instead of letting it take a more natural course.
That is horrible pay.