Glad there's someone out there that'll put out real world numbers. I dont think your banking enough $$ per mile tho, I'm not happy unless I'm banking $1.40-2.00 a mile after fuel and all expenses. Big bonus having your truck paid off, it will probably save you but your not making much to put aside for repairs or taxes and that might come back to bite you. Once again Landstars cut is WAY too big for doing literally nothing for you. Best of luck and keep your head up!
Good video, I continue to appreciate the good info and transparency. One suggestion though, you should focus more on revenue per day than rate per mile. That Indiana to Phoenix load... looks good, good rate, but 6 days? That's a pretty low revenue per day. Unless you parked near delivery and went to visit family then delivered it, or delivered early. You're in a good position with no truck payment. Good luck with your hard running few months, I'm looking forward to seeing how it goes. I'm doing the same as a company driver, looking to buy a truck with cash by the end of the year and lease to landstar. Videos like this are very helpful.
Totally agree with you about the per day but I think the per mile is important too. When I quit landstar, my rates were an average of .80/mile due to lower rates by brokers
Shop around before going to landstar tho, there's gotta be better companies out there that give you bigger bang for the percentage they charge. Landstars insanely high at 35% of gross and you've got to find your loads.....
Thanks for the video. I like the spreadsheet. Your take home is getting better, but not enough considering the wear and tear on the truck. Have you looked into shorter loads that pay better?
@@WanderingWolf365 I didn't say he was losing money. But he's gone from home, racking up miles and miles equal additional expense. So it's a balancing act between miles and expense.
You could run shorter for higher paying loads but depending on delivery time or fcfs, how long to unload/load. Multiple stops? Is it worth it for few extra bucks. Think about it all
In this market .90CPM is NOT GOOD. Even if you got 10mpg with fuel at $3.50/gal your cost of running the truck on fuel alone is .35c/mile. That leaves .65/mile left and you have other expenses.
ABSOLUTELY FALSE! You can negotiate on direct shippers. Most agents will not negotiate. Although, they sometimes will negotiate if they are having a hard time moving the load. If you move a load for them and then need deadhead money to get you to another load they have, they will put pay extra money on the load. During the holiday season, they will pay extra for a load.
Hey. I was on landstar. And I know how they work or the brokers even direct shippers. But is ok... just don't understand why people lie alot. Or give false info maybe because they don't know same info but it's OK I did negotiate with direct shippers and same they did same not
So far seems like a good position in general... If you put my maintenance costs and time loss to a more reasonable level my RPM gets much better... I think I will pull around .90 CPM once everything levels out. Which in this market isn't terrible....
@@845_NYGORILLA no you can, might not succeed but you damn sure can negotiate. Usually get $200 more and have them put in on your fuel. That’s works and that’s 100% yours
Your working on percentage now don't think in terms of miles but your bottom line. Shorter runs can be more profitable because your fuel expense goes down
Glad there's someone out there that'll put out real world numbers. I dont think your banking enough $$ per mile tho, I'm not happy unless I'm banking $1.40-2.00 a mile after fuel and all expenses. Big bonus having your truck paid off, it will probably save you but your not making much to put aside for repairs or taxes and that might come back to bite you.
Once again Landstars cut is WAY too big for doing literally nothing for you.
Best of luck and keep your head up!
So proud of you and what you have accomplished. I love your honesty and transparency. Please put your weight lost spreadsheet on to download
I agree keep up the good work
I probably will. Still working on it.
Jump rope 300 skips everyday is a great workout. Good luck on the weight loss
Good video, I continue to appreciate the good info and transparency. One suggestion though, you should focus more on revenue per day than rate per mile. That Indiana to Phoenix load... looks good, good rate, but 6 days? That's a pretty low revenue per day. Unless you parked near delivery and went to visit family then delivered it, or delivered early. You're in a good position with no truck payment. Good luck with your hard running few months, I'm looking forward to seeing how it goes. I'm doing the same as a company driver, looking to buy a truck with cash by the end of the year and lease to landstar. Videos like this are very helpful.
th-cam.com/users/liveB5ScA1eNtZc?si=Bj1rv9VGhM_s6wHf
Totally agree with you about the per day but I think the per mile is important too. When I quit landstar, my rates were an average of .80/mile due to lower rates by brokers
Ya I should probably take a little more note of my overall revenue. They are both important. You aren't wrong though.
Shop around before going to landstar tho, there's gotta be better companies out there that give you bigger bang for the percentage they charge. Landstars insanely high at 35% of gross and you've got to find your loads.....
I’m fixing to move over to landstar thanks for the info
the guys with the most family in yhe country!
Thanks for the video. I like the spreadsheet. Your take home is getting better, but not enough considering the wear and tear on the truck. Have you looked into shorter loads that pay better?
Why you say that? You saying he's losing money on the truck more than his maintenance????? - WW
@@WanderingWolf365 I didn't say he was losing money. But he's gone from home, racking up miles and miles equal additional expense. So it's a balancing act between miles and expense.
@@raykrv6a Do you think he shoudl add depreciation of his truck as a line item tho - WW
@@WanderingWolf365 You win! I'm done. :)
@@raykrv6a new trucks lose about $30k a year in value. at year 4 it slows down. - WW
You are still thinking like a company driver, don’t need a lot of miles to make money at LS
FACTS! I don't think its all about the money with this guy.
You could run shorter for higher paying loads but depending on delivery time or fcfs, how long to unload/load. Multiple stops? Is it worth it for few extra bucks. Think about it all
More miles is counter productive. Ups the maintenance
thats true , he still stuck on company driver mode
Landstar needs to overhaul their settlement sheets
If the Louisville load was from an agent named Ron… those used to run for $8,000
Also I think the fee you don’t know what it was was Oregon road tax
Ya j think he was named Ron. And the Oregon tax makes perfect sense....
Id be interested in the weight loss progress. I need help on that for real.
See you got a trim. Very nice
Look up blue ribbon podcast. They have a fleet at LS and do coaching
In this market .90CPM is NOT GOOD. Even if you got 10mpg with fuel at $3.50/gal your cost of running the truck on fuel alone is .35c/mile. That leaves .65/mile left and you have other expenses.
Yup, he's running at a loss and doesn't realise it yet. You've got to be putting aside 4-6k a month for repairs and taxes or your in trouble.
I was making more then that in the late 1980
Did you make your own spreadsheet?
What type of tracking app is this? @3:56
Travel boast. In the app store.
Im curious what those other expenses are for from landstar
ABSOLUTELY FALSE! You can negotiate on direct shippers. Most agents will not negotiate. Although, they sometimes will negotiate if they are having a hard time moving the load. If you move a load for them and then need deadhead money to get you to another load they have, they will put pay extra money on the load. During the holiday season, they will pay extra for a load.
@@nattydreadlocks1973 facts
Hey. I was on landstar. And I know how they work or the brokers even direct shippers. But is ok... just don't understand why people lie alot. Or give false info maybe because they don't know same info but it's OK I did negotiate with direct shippers and same they did same not
In general after 11 weeks drive dose Landstar worth or not??
So far seems like a good position in general... If you put my maintenance costs and time loss to a more reasonable level my RPM gets much better... I think I will pull around .90 CPM once everything levels out. Which in this market isn't terrible....
You can negotiate every load
Try, not can
@@845_NYGORILLA no you can, might not succeed but you damn sure can negotiate. Usually get $200 more and have them put in on your fuel. That’s works and that’s 100% yours
Oregon actually has good loads going out. Washington and Idaho not so much and Montana doesn’t ship much especially with flatbed freight.
Do you count ALL miles?
Yes. Deadhead is zip to zip code.
Please find out fees you don't know about.😊
Your working on percentage now don't think in terms of miles but your bottom line. Shorter runs can be more profitable because your fuel expense goes down
Ya you are not wrong. I think there is a healthy balance between CPM and revenue. I look at CPM mostly but also take note of revenue.
$600 fuel on 2k+ miles😂😂😂 riiiiight
not only that but that area youre running is bad. you cant run this business based on family you have to visit.
Too much unnecessary information and also not plan well, keep saying "i forgot" " I think". Be to the point.