Here's an example of Gross/Net for a company (W2) employee: Gross = $1,021.06 (before deductions) Net = $838.23 ( after deductions and what actually went into my bank account)
With w2 you have your gross and net, clear cut. With being leased to a carrier, you have your gross, then your pay after the carriers cut, then if they take deductions from your settlement, you finally have what’s left over that goes to your bank account.
Just bought my first truck (day cab) great video. Not sure on how I'm going to do with it yet. Has a PTO for a pneumatic blower (bulk cement) bit the blower is missing
@@DrtyDieselcan you elaborate on what you mean when you say “depending on your market”? I’m not asking to be a smart arse. I legit want to know what my market should look like for it to be lucrative to become an owner op, hauling fuel.
@@godschild1404 by market I mean your area. Some areas of the country are busier or pay better than others. Like I’m in Ohio now and make more than if I worked in Florida.
Dude, that's good jack. That's with, what, not even 2,000 miles a week? You've got me to thinking about a day cab, Bro. I'll be haulin HazMat tankers in a couple years after I retire from the school district I currently work for. 25 years and I'm done with THAT bullshit. I need 2 years of verifiable experience OTR, and back to HazMat tanker trucking, I go! I like the raw video version. Keep it up. As always, travel safely...
Thanks man! Good luck to you on your adventure! Yeah man, most week I average about 1400 miles. When I became an Owner op in late April my truck had 155,000 miles on it. I just crossed 184,000 to ight. So 4 months and not even 30k miles.
Yall are not too bright telling everyone and posting on internet what you make. Lol. In general everyone in fuel hauling makes close to same amount owner op to owner op and company guy to company guy. My advice find company that suits you and you get along well with people in charge and fellow drivers for most part. And go to work. Work steady and consistent and you'll be fine. Don't lease trucks from company only from dealers or buy em out right. I own mine. No payment I do well enough but it's due to my steady and consistent work ethic. And I pay the truck first. Which means MAINTENANCE. Be safe. Rock steady. And God speed
You know more about that side of the industry than I do. I drive OTR reefer already got my tanker endorsement getting ready to buy a day cab and go local. How much more can a o/o make hauling fuel local?
Are you asking how I load the trailer or receive loads? I'm leased to a carrier, so they send me loads through an app for my iPad. Unfortunately I can't make a video loading at the rack.
@@DrtyDiesel I haul fuel myself but I’m considering buying my own rig. But just don’t know how I would go on about getting work. Like from the terminal themself or from carrier. But I guess you just answered my question. Thank you
I have my own truck I’m trying to join lives or pilot fuel hauler as a owner operator is that even possible? Have 6yrs exp and and have all endorsements but never hauled fuel before man I’m in Texas
What about; health insurance, FICA tax, federal and local taxes, truck insurance, document form cost, 401k/IRA savings? Is that 65k minus all those expenses?
I checked quickbooks and as of my last settlement I'm at $72k. That's after truck payment, and all deductions the company takes out of my settlement. So I would still have fuel, bobtail Insurance, maintenance, and my personal salary to take out. I don't file quarterly taxes so I just estimate what I'll owe and at the end of the year I cut a check to the IRS which will include my self employment taxes.
@DrtyDiesel try and find an individual who used to be irs guy gal in collection dept. They are the BEST tax people. They know all the tricks. And they know the people still in charge. Lol
I average 600/week for fuel. Taxes I take out of whatever the profit is, however that changes every month with money coming out. I keep track of everything in quickbooks. I made $110k from April to December. Spent 48k in expenses and was taxed on 62k of profit.
Man that company job is always going to be there. Go out and hustle and make some better money. Once you learn the little paperwork game, it gets easy. Those big companies don’t care about you or your future. You’ll be glad you did
@@haulingfuel4759 I’ve held my cdl for about 6 months and thinking of what division to get into long term. Right now I’m in food service. Would you recommend getting my feet wet with a company hauling fuel and then going owner op hauling fuel if that’s the route I want to go?
@@josephrodriguez7084 most major fuel/hazmat carriers will require at least two years of cdl experience. Some small carriers may take you with less. Learning fuel delivery is great because it’s basically the same process regardless of company or state. Don’t rule out dump trailers, local flat bed, or regional work as an owner op. Good money, home every night, and you can run an older pre emission truck. (An old Columbia with a Series 60 is money). Man just walk up and talk to drivers, they’ll tell you where the work is. Good luck
@@josephrodriguez7084 I didn’t answer your question… Yes, if you want to get in the fuel carrier industry, you’re better off as a company driver for at least a year before getting a truck. There’s a lot to learn between the loading racks, truck/trailers, and unloading at the sites. While you’re working and learning, you can establish a business name for yourself, establish an LLC or S Corp, then open a business account.
@@terraGaliciaXXIV yeah one of our drivers only runs Tuesday-Friday. You could run less if you wanted, if you’re leased on, you tell them what schedule you’re available
@@DrtyDiesel Thank you for that Sir. If you don’t mind me asking, what would you say is the net pay per day for an o/o in your company after all expenses? Ideally I’d like to run 3-4 days a week
@@can1beatme I tell people all the time you can make more as a company driver, especially your first few years. I’m on my 3rd year now and I’ll net a little over $120k. Your first year or two you wanna put as much back into your business as you can.
@@can1beatme lmao not even close. I bought a 2017 glider kit with 155k miles on it for $84k after everything is said and done. That’s well worth every penny.
Depends on your area. If you don't have any fuel experience I would look into Eagle or Kenan. Pilot and Gemini may even hire you if they need drivers in your area.
@@DrtyDiesel After factoring income taxes and expenses, including benefits and PTO the company used to provide, and maintenance, are you still coming out ahead?
@@nicoz7662 no I'm not, as a company driver with full benefits and 401k I was making 70-80k/year. If I paid myself the same and gave myself full benefits, I wouldn't feel comfortable with the small amount I'd have left over to put back into my company.
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Here's an example of Gross/Net for a company (W2) employee:
Gross = $1,021.06 (before deductions)
Net = $838.23 ( after deductions and what actually went into my bank account)
With w2 you have your gross and net, clear cut. With being leased to a carrier, you have your gross, then your pay after the carriers cut, then if they take deductions from your settlement, you finally have what’s left over that goes to your bank account.
Don't ever remember subscribing to you but I guess I'm glad to see this.
Lol well I appreciate it haha
Just bought my first truck (day cab) great video. Not sure on how I'm going to do with it yet. Has a PTO for a pneumatic blower (bulk cement) bit the blower is missing
Been hauling local fuel for 3 years thinking about going owner op. Appreciate the content.
Depending on your market it can definitely be worth it
How’s the Phoenix or Knoxville market?
I’m thinking about doing the same. Can you give me some pointers on how to find fuel loads to haul? I’m located in Austin Texas
@@DrtyDieselcan you elaborate on what you mean when you say “depending on your market”? I’m not asking to be a smart arse. I legit want to know what my market should look like for it to be lucrative to become an owner op, hauling fuel.
@@godschild1404 by market I mean your area. Some areas of the country are busier or pay better than others. Like I’m in Ohio now and make more than if I worked in Florida.
Thanks this video was very helpful. I’m about to become an owner operator hauling fuel locally
Heck yeah man, glad I could help! Best of luck to you and be safe!
Just wondering is Florida rock & tank lines is a good company
@@LETSGETIT7745 I hear good and bad about them. I think it just depends on what terminal you run out of.
I hear good and bad as well. I am out of Chattanooga Tennessee
@@LETSGETIT7745 good luck B. Hope things going well for you!! ( i am a future owner operator hopeful,🌝 )
Dude, that's good jack. That's with, what, not even 2,000 miles a week? You've got me to thinking about a day cab, Bro. I'll be haulin HazMat tankers in a couple years after I retire from the school district I currently work for. 25 years and I'm done with THAT bullshit. I need 2 years of verifiable experience OTR, and back to HazMat tanker trucking, I go! I like the raw video version. Keep it up. As always, travel safely...
Thanks man! Good luck to you on your adventure! Yeah man, most week I average about 1400 miles. When I became an Owner op in late April my truck had 155,000 miles on it. I just crossed 184,000 to ight. So 4 months and not even 30k miles.
@@DrtyDiesel That's what I'm talkin about! Long-lasting equipment...
25 years?? 🤣
Yall are not too bright telling everyone and posting on internet what you make. Lol. In general everyone in fuel hauling makes close to same amount owner op to owner op and company guy to company guy. My advice find company that suits you and you get along well with people in charge and fellow drivers for most part. And go to work. Work steady and consistent and you'll be fine. Don't lease trucks from company only from dealers or buy em out right. I own mine. No payment I do well enough but it's due to my steady and consistent work ethic. And I pay the truck first. Which means MAINTENANCE. Be safe. Rock steady. And God speed
Thanks for the info Champ!
Bro. Revenue - cost of operations =Gross profit- expense = Net profit………… net is net there is no other way around it.
I understand that, I just word it differently based on how I’m paid here vs how most drivers would explain their revenue.
Excellent video!! How many loads are you doing per day though? And what’s your average daily miles?? And where are you located??
This video is from when I was in Jacksonville, FL. I did roughly 2-4 loads a day, and average 900 miles a week empty and loaded together.
You know more about that side of the industry than I do. I drive OTR reefer already got my tanker endorsement getting ready to buy a day cab and go local. How much more can a o/o make hauling fuel local?
I know this is an old comment but so far year to date as of today I’m at 240k to my bank account.
@@DrtyDiesel good shit man 💪🏾keep at it big dawg
Do you have a video on how you get loads ?
Are you asking how I load the trailer or receive loads? I'm leased to a carrier, so they send me loads through an app for my iPad. Unfortunately I can't make a video loading at the rack.
@@DrtyDiesel I haul fuel myself but I’m considering buying my own rig. But just don’t know how I would go on about getting work. Like from the terminal themself or from carrier. But I guess you just answered my question. Thank you
@@ranbandz7566 no problem. Yeah I’m leased to the carrier and they get the work and send it to me.
I have my own truck I’m trying to join lives or pilot fuel hauler as a owner operator is that even possible? Have 6yrs exp and and have all endorsements but never hauled fuel before man I’m in Texas
I’m really not sure. I don’t know any owner ops that have leased to either of those companies
They're company guys only. If they have any over flow of work they farm out to other fuel transport companies like KAG or Lewis etc.
But no owner ops themselves. Least not in my 35 yrs doin this shit
What about; health insurance, FICA tax, federal and local taxes, truck insurance, document form cost, 401k/IRA savings? Is that 65k minus all those expenses?
I checked quickbooks and as of my last settlement I'm at $72k. That's after truck payment, and all deductions the company takes out of my settlement.
So I would still have fuel, bobtail Insurance, maintenance, and my personal salary to take out. I don't file quarterly taxes so I just estimate what I'll owe and at the end of the year I cut a check to the IRS which will include my self employment taxes.
So no health insurance?
Do you still think after all the experiences are withdrawn, it's worth being an O/O?
@@Jackman66666666 great question.
@@rudestboyem no I don't currently have health insurance, I haven't looked into any plans yet.
Does the deductions include taxes ?
It does not. I only pay taxes at the end of the year, I don’t do quarterly.
Hell yeah man, that’s some good money!
I think the term you are looking for is total sales
Not sure what you mean, I don't deal with sales. Freight charge is separate from sales revenue.
Are u at UPT ?
No i work for colonial.
Whose the best local owner operator companies to look for leasing onto in Denver
I’m honestly not sure for that area.
Was that after taxes? The 65,000. Wasnt sure if quickbooks accounts for taxes.
That was before taxes. I ended up owing $17k for taxes
@DrtyDiesel you need a better accountant. Lol.
@DrtyDiesel try and find an individual who used to be irs guy gal in collection dept. They are the BEST tax people. They know all the tricks. And they know the people still in charge. Lol
After fuel an repairs and everything he much is the net issuable also what about taxes
I average 600/week for fuel. Taxes I take out of whatever the profit is, however that changes every month with money coming out. I keep track of everything in quickbooks. I made $110k from April to December. Spent 48k in expenses and was taxed on 62k of profit.
I thought of doing local owner op. But then with benefits, insurance etc to me I think driving for a company is less headaches. But we all different.
That's very true, definitely less headaches.
Man that company job is always going to be there. Go out and hustle and make some better money. Once you learn the little paperwork game, it gets easy. Those big companies don’t care about you or your future. You’ll be glad you did
@@haulingfuel4759 I’ve held my cdl for about 6 months and thinking of what division to get into long term. Right now I’m in food service. Would you recommend getting my feet wet with a company hauling fuel and then going owner op hauling fuel if that’s the route I want to go?
@@josephrodriguez7084 most major fuel/hazmat carriers will require at least two years of cdl experience. Some small carriers may take you with less. Learning fuel delivery is great because it’s basically the same process regardless of company or state. Don’t rule out dump trailers, local flat bed, or regional work as an owner op. Good money, home every night, and you can run an older pre emission truck. (An old Columbia with a Series 60 is money). Man just walk up and talk to drivers, they’ll tell you where the work is. Good luck
@@josephrodriguez7084 I didn’t answer your question… Yes, if you want to get in the fuel carrier industry, you’re better off as a company driver for at least a year before getting a truck. There’s a lot to learn between the loading racks, truck/trailers, and unloading at the sites. While you’re working and learning, you can establish a business name for yourself, establish an LLC or S Corp, then open a business account.
Thanks
So can I own a fleet of trucks in this industry of petroleum?
Absolutely, I’ve thought about buying a second truck and running a team in one and I run the other.
Half the video is Umm or oh or well. Anyway… then, umm, so, so, so, and then, uh uh. Just get to it already lol
For owner operating you can use a leased rig right?
Yes that’s right
Do you know anything about hauling fuel for Casey’s general stores? I just hired on with them and am curious if they are good to work for
I haven't worked for them so I'm not sure.
Good job Diesel 🇬🇧🇺🇸👍
Thanks Nomadic-Brit, I saw your final freight race video, you all did awesome man. 😁😁
@@DrtyDiesel Thankyou Sir
What company are you working with as an owner operator?
Colonial Fuel and Lubricants Services INC out of Savannah, GA
@@DrtyDiesel are you able to run part time if you own the truck? I’m retired looking to earn a few extra dollars on my own schedule
@@terraGaliciaXXIV yeah one of our drivers only runs Tuesday-Friday. You could run less if you wanted, if you’re leased on, you tell them what schedule you’re available
@@DrtyDiesel Thank you for that Sir. If you don’t mind me asking, what would you say is the net pay per day for an o/o in your company after all expenses? Ideally I’d like to run 3-4 days a week
T,T,T,T,T,T TODAY JUNIOR
Looks good to me.
So what did you NET (put into your personal bank account) for a full 12 months?
I netted 65k and put about 50k into my personal bank account
@@DrtyDieseldamn dude that sucks
@@can1beatme I tell people all the time you can make more as a company driver, especially your first few years. I’m on my 3rd year now and I’ll net a little over $120k. Your first year or two you wanna put as much back into your business as you can.
@@DrtyDiesel bruh you leased a truck. You paid 3 times more than that truck is worth. You taking Ls left and right
@@can1beatme lmao not even close. I bought a 2017 glider kit with 155k miles on it for $84k after everything is said and done. That’s well worth every penny.
What's your truck payment and insurance looking like ?
I pay $1400/month, and my insurance is about $670/month right now for bobtail. Progressive has been ridiculous.
@@DrtyDiesel yeah that insurance payment is pretty high. Great video , thanks for the information
@@jsal849 I appreciate it! Yeah it was 420/month last year, when I renewed last month it went to 600+/month. Makes no sense.
Do they require cargo insurance? Like fuel loss, spills or accidents etc?
Do you know any good company to check out to be local and haul fuel ?
Depends on your area. If you don't have any fuel experience I would look into Eagle or Kenan. Pilot and Gemini may even hire you if they need drivers in your area.
So Uncle Sam still takes a cut after the $65k right? And how many hours are you working per week to get it?
That's correct. The low weeks were around 50 hours, the high weeks around 70.
@@DrtyDiesel After factoring income taxes and expenses, including benefits and PTO the company used to provide, and maintenance, are you still coming out ahead?
@@nicoz7662 no I'm not, as a company driver with full benefits and 401k I was making 70-80k/year. If I paid myself the same and gave myself full benefits, I wouldn't feel comfortable with the small amount I'd have left over to put back into my company.
hey man i p0lay american truck simulator and i made truck like urs with a dd16 and 10spd
Heck yeah man! ATS is awesome!
@@DrtyDiesel my first semi is gonna be a
2015 peterbilt 579 with 10spd and a deleted cummins isx with loud pipes on it
😎👍
Waaaaayyyyyy too much talking to get some numbers dude, at least allow people to skip
There’s nothing stopping you from skipping through the video and getting to the numbers.
About rude as hell spazy, how about make your own damn video and say your nasty words there.
@@jessygibbs4132 well technically i didn’t say nasty words. 2, i’m not into making videos.
hi