Hey Gravel Boss great to see you know your numbers . I think your formula works and many new comers to the industry may benefit from your knowledge too .Keep making videos.
Thanks for the breakdown, my friend. Very insightful. So you estimate how long it'll take for you to finish a job and schedule 40 hours. Still in the, 'I just need a load of gravel for my driveway.' stage with one axle...kinda like the one in this video.
That’s what I wanna know I estimate if a 7-8yd truck is making 2500-3000 a week is a good week avg 120-150x 5 working days to the truck is good plus whatever the material cost added on top of your fee
I'm a company flatbed tractor trailer driver stuff is always braking as much as i want to go work for myself but having insured registered fueled truck they just not paying enough for all that responsibility
Hey Cameron, I like your break down.. It’s very well thought out! I run in your area.. Right now twin screw end dumps run for $130hr, when you made this video they were $115-$120ish How do you reconcile $20hr difference between a 5 yard and a 10 yard truck? I know there is some value in being able to squirrel in where my T800 can’t, but half the capacity is hard to ignore.. BTW, I was very tempted to buy that corn binder when you had it posted for sale a while back, just couldn’t bring myself to spend the money on another investment when Im already working 3 different jobs 🤪. Good video, see you around! B. Fischer
Im aware i never responded to this, nkr your fb message from a year ago. I apologize. This question does pop into my mind from time to time so I figured I should answer. A big plight in the trucking industry is charging a rate because everyone else charges that. If you get to the bottom of it, its based purely off of “I charge this because everyone else does” According to the industry, price increase is only justified when fuel is up, and a cost decrease only happens when you are trying to tank the market or steal work. No other business operates this way. The way business is supposed to work, if you want a healthy, sustainable, and growing business, is to formulate your own prices, based off of your own costs and goals, and then sell on value brought to the customer. Sometimes that value you bring is that you are the cheapest. Sometimes its because you have the best customer service Sometimes the value is because you offer a specialized product. What ever it is, you still need to operate with YOUR costs and ideal profit margin, to run an effective business. We all know that 5 yd trucks dont cost half to buy or operate just because they haul half the material, but if 90% of your orders are 5 yds and under, why does the customer need to, in yiur words, pay the extra $20 for the bigger truck? Its important to note that when i owned this truck, i wasnt hauling large volumes for contractors, it was just used for my own little dirt jobs as well as home owner deliveries. For 3 years, I completely owned the homeowner market due to the ecomm side, insane customer service, and being able to arbitrage price discrepancies between pits. The customer felt as if i valued them, and they knew they were paying for for the better and way easier service. People wanted low hassle ordering, fixed prices, and stellar service. This is not found in most places in the valley or anchorage, and where it is, the business offering it are terrible at promoting it, leaving the customer without knowing they have the option, being forced to hire a company whos only value is price, at the cost of service. I guess Ill end with this. If I can charge more than my competition, and still steal all their customers, then maybe its a them problem, not a me problem. If my price didnt match my value, I would go out of business. You see this exactly happening in real time this summer as people have reduced spending. Last year I had 1100 orders. This year I only had 450. Id imagine a similar number of customers order, but they started price shopping more. They decided it was more valuable to them, to pay a lower price and deal with potentially worse service, than to pay a higher price and get better service. Its the customers right to choose exactly how they spend all their money. People vote with their dollars. Watch how they spend and do the thing you need to do to capture the money flow. P.s. we need to go snag a bite and converse all things gravel!
I haul and pour concrete for $26/hr for a company. In my city I know dump truck drivers are getting like $32/hr as a few of my coworkers have left to go do that. I don't think charging 35 an hour on top of your baseline costs is unreasonable.
Don't know where you are at but i ran mine sun up to sundown a lot of hours your figures are all wrong you not making money sorry for you if i used your math i would of went broke instead my head was screwed on right and i retired with a fleet of over 75 trucks built from scratch but made connections first found places to dump broken concrete and asphalt for free and depends where you at some jobs pay by the ton of material hauled he is a fool listen to him and you will go broke made my money was a good line of work if ran right like i did that's my opinion been there done that 12:04
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Awesome breakdown be hard pressed to get those hourly rates round here. The snow plow helps a bunch and salt spreader, make it equal out.
Hey Gravel Boss great to see you know your numbers . I think your formula works and many new comers to the industry may benefit from your knowledge too .Keep making videos.
Funny to see a local guy here. Good info. We should all grab some coffee sometime.
Excellent video my man!!✌🏽
Finally breaking it down the correct way.
Thanks for the breakdown, my friend. Very insightful. So you estimate how long it'll take for you to finish a job and schedule 40 hours. Still in the, 'I just need a load of gravel for my driveway.' stage with one axle...kinda like the one in this video.
Thank you so much for your invaluable information, highly appreciate it, keep it up the outstanding job, have a great day.
Anytime my G 🤙🏽 thank you!
Well done video. Appreciate the insight. All the best to you.
So how do you come up with cost to deliver say a load of gravel or other materials? Cost per ton material and what’s added to that? Thanks
That’s what I wanna know I estimate if a 7-8yd truck is making 2500-3000 a week is a good week avg 120-150x 5 working days to the truck is good plus whatever the material cost added on top of your fee
I'm a company flatbed tractor trailer driver stuff is always braking as much as i want to go work for myself but having insured registered fueled truck they just not paying enough for all that responsibility
Work for them and yourself. Then your truck breaks less, and you always have other income with the option to expand on the side if it becomes valuable
Hey Cameron, I like your break down.. It’s very well thought out!
I run in your area.. Right now twin screw end dumps run for $130hr, when you made this video they were $115-$120ish How do you reconcile $20hr difference between a 5 yard and a 10 yard truck? I know there is some value in being able to squirrel in where my T800 can’t, but half the capacity is hard to ignore..
BTW, I was very tempted to buy that corn binder when you had it posted for sale a while back, just couldn’t bring myself to spend the money on another investment when Im already working 3 different jobs 🤪.
Good video, see you around!
B. Fischer
Im aware i never responded to this, nkr your fb message from a year ago. I apologize.
This question does pop into my mind from time to time so I figured I should answer.
A big plight in the trucking industry is charging a rate because everyone else charges that.
If you get to the bottom of it, its based purely off of “I charge this because everyone else does”
According to the industry, price increase is only justified when fuel is up, and a cost decrease only happens when you are trying to tank the market or steal work.
No other business operates this way.
The way business is supposed to work, if you want a healthy, sustainable, and growing business, is to formulate your own prices, based off of your own costs and goals, and then sell on value brought to the customer.
Sometimes that value you bring is that you are the cheapest.
Sometimes its because you have the best customer service
Sometimes the value is because you offer a specialized product.
What ever it is, you still need to operate with YOUR costs and ideal profit margin, to run an effective business.
We all know that 5 yd trucks dont cost half to buy or operate just because they haul half the material, but if 90% of your orders are 5 yds and under, why does the customer need to, in yiur words, pay the extra $20 for the bigger truck?
Its important to note that when i owned this truck, i wasnt hauling large volumes for contractors, it was just used for my own little dirt jobs as well as home owner deliveries.
For 3 years, I completely owned the homeowner market due to the ecomm side, insane customer service, and being able to arbitrage price discrepancies between pits.
The customer felt as if i valued them, and they knew they were paying for for the better and way easier service.
People wanted low hassle ordering, fixed prices, and stellar service.
This is not found in most places in the valley or anchorage, and where it is, the business offering it are terrible at promoting it, leaving the customer without knowing they have the option, being forced to hire a company whos only value is price, at the cost of service.
I guess Ill end with this.
If I can charge more than my competition, and still steal all their customers, then maybe its a them problem, not a me problem.
If my price didnt match my value, I would go out of business.
You see this exactly happening in real time this summer as people have reduced spending.
Last year I had 1100 orders.
This year I only had 450.
Id imagine a similar number of customers order, but they started price shopping more.
They decided it was more valuable to them, to pay a lower price and deal with potentially worse service, than to pay a higher price and get better service.
Its the customers right to choose exactly how they spend all their money.
People vote with their dollars.
Watch how they spend and do the thing you need to do to capture the money flow.
P.s. we need to go snag a bite and converse all things gravel!
@@gravelboss907 I’m for that (chow) and I hope that question didn’t come off the wrong way. I’m glad you’re doing well!
I just got in to the business with a chevy 3500 dually..
Awesome!
How much weight can U-Haul with that single axle
8 ton legally.
I haul and pour concrete for $26/hr for a company. In my city I know dump truck drivers are getting like $32/hr as a few of my coworkers have left to go do that. I don't think charging 35 an hour on top of your baseline costs is unreasonable.
Great video
Very helpful. Thank you
Great information however you didn’t calculate rent, back office staff, taxes, etc …
300$ perhour
That’s 30.50 boss
Should be $80÷.8 to get a 20% margin, $100
Don't know where you are at but i ran mine sun up to sundown a lot of hours your figures are all wrong you not making money sorry for you if i used your math i would of went broke instead my head was screwed on right and i retired with a fleet of over 75 trucks built from scratch but made connections first found places to dump broken concrete and asphalt for free and depends where you at some jobs pay by the ton of material hauled he is a fool listen to him and you will go broke made my money was a good line of work if ran right like i did that's my opinion been there done that 12:04
If I am wrong, would you mind explaining why, and what you did to be so successful that differs from what I said?
two thumbs down