What was the price of the truck & how long is the lease? I watched the 1st, 5th, & some other weeks of videos, but didnt hear anything about it, sorry.
Next weeks settlement will balance it out, will be interesting to see it, keep on trucking! Also it’s not bad to start out in a slow market, if you can make profits in a “trash market”, when it turns around you will be killing it in a great market
The suspenders are back! I look forward to your vids every week. I've said it almost on every video. Your information is solid. You have goals. And the other people saying oh that's Junk pay. Here's the thing. YOU have goals. Not money. You did exactly what anyone going into lease should do. I was a lease op for over 4 years then purchased my own unit. The dry van rate is low as 1.50 to 2.00 currently. Here's the thing. You work for a mega carrier. They have steady freight. True owner ops are struggling for constant freight. The rates are low yes but no one mentions the volume is extremely low. You have goals and a carrier that has freight. It's not about what you take home. Most lease programs you won't make alot of money. That money goes towards the truck payment. If you stick it out you could potentially own the unit at some carriers. That's the goal and experience on becoming more independent. You are doing great for YOUR goals. Not everyone understands it. They just want large amounts of money. You gotta crawl before you can Walk. Maintenance and fuel will kill you faster than anything. I purchased a unit in 2023. 3 months later needed a clutch, used truck mind you. Well I had them inspect the transmission just in case. Turns out there was wear/damage..luckily factory warranty still wss in play so I got new transmission. Clutch was wear item. No warranty. But a new transmission would have set me back 10k luckily warranty picked that up. Try to get your own fuel card. I can refer you to someone if your interested. Fuel is #1 expense. Your welcome to contact me if you have any questions or want to know what I've learned as a lease op and owner op. Respect to you for posting real numbers. Alot of junk vids out there and alot of it has to due with driver not wanting to drive. Can't do 1k miles and make crazy money.
Thanks for your insights here. When is the earliest that the mega carriers would allow a new CDL driver to transition from a company driver into a lease operator program?
@ppbutler1967 every company is different. Some will allow you to immediately. Some you will have to wait a few months. It's best to research whichever company your interested in. Doing homework on carriers will help greatly
Listen to let’s truck. You’ll learn a lot on how to be successful in this venture and on your own. If you can swing it on the 20-21 there’s a program called cmc at the mid America truck show. Definitely highly highly recommend attending
JUST HANG IN THERE DRIVER YOU DOING THE RIGHT THING ITS ONLY A MATTER OF TIME FOR THINGS TO GET BETTER!! You sharing very valuable info kid! I started just like you 20+ yrs ago and it’s always being the same thing. I leased 2 trucks and now my truck is paid off. I’m making money no matter what!
Secret no one knows, the only way lease drivers working at mega carriers make money is the referral bonus. The lease terms aren't made for you to be profitable.
Don’t listen to the naysayers. You are doing what is important learning your numbers and how to manage them. I think what you are doing is a great step in the right direction. Are there better ways to make money yes but learning the business is the first step. Keep up the great work.
dont give up, u will figure it out. like i said...i think the best thing about this is the "owner" experience buuut i think u wud theive at a place u can self dispatch find ur own freigjt ect. ur a numbers guy and truthfully these numbers guy win in this industry...but also with that said. u cant be affraid to leave that west coast area, truthfully freight over there is terrible all around....
People have been telling me that for like 5 years... They say if you have you hair when you are 30 you will have it forever though... I'm about to turn 32 so I'm optimistic.
You won’t make money running out west. Fuel taxes, fuel prices and fewer available freight lanes make running out west unprofitable, I live in Oregon but when I go out I refuse to go back west until I want to go home. Been out six weeks so far this year after taking some time off in January and things are going very well for me in 2024.
So all good stuff thank you for sharing but wait you didn't tell us what you plan to do going forward. Are you staying with night? Are you going to turn that truck in and purchase a used truck? What do you plan to do just stay the same no certainly not.
I am still planning on buying it... My first attempt at finding lenders fell through so still working on that end. Plan is to leave Knight in the coming months. Just taking my time and properly planning for the exit. No real update other than that though.
Thinking about the lease with knight. Do you have to take the cents per mile or can you take a percentage? I know you said cents were better but I just wanted to know.
16:31 just before spread sheets. Have you thought about increasing your fuel mileage? That 93 empty at 6mpg verses 9+ mpg with a trailer axle off the ground. It only took me 20 minutes to lift an axle. And what is this fuel and mileage tax? That makes no sense. Or is it just another charge applied to you by your carrier? In case anyone is asking, my IFTA is between $35 qnd $75 a year. But my gallon purchased is less. What air pressure are you running? more questions than answers.
Excellent video once again. Next, get out of the lease op game, build your business model, go to your bank and apply for a small business loan and buy your truck. 34 years out here, retired and now I drive for my pleasure and own 3 more trucks that I have Excellent drivers in. Im leased on with a great national carrier and with the revenue youre doing with one truck, you can eventually do 4x's that. Now when I'm off and out camping in our 5th wheel, we still have 3 drivers making $$. Stay with it, but get out of the lease game.
What was the price of the truck & how long is the lease? I watched the 1st, 5th, & some other weeks of videos, but didnt hear anything about it, sorry.
I'm getting 70 per mile company. You add 50cpm for fuel you're at $1.20. Then insurance, truck payment, repairs, oil change, whatever. You are driving for free at $1.70 lol
@@Takarideyou must be new to the industry the company you working for if it’s dry van ain’t doing much more 1.70 - 2.35 and in 2017 rate was 1.70 and 2.50 for dry van the pandemic rates highly inflated
I always laugh at people who think Knight Swift is out to screw drivers. They're a publicly traded company, all their P-L is posted online. Most people would be shocked to see how little profit they pocket on truckload and intermodal. Its barely anything
@@truckingthesevenseas Nice way to stack up some money. Have you heard of ICP Internet Computer? It's a crypto that I believe will go up 100x in value this coming bullmarket. Just like buying Ethereum in early 2017. Look into it maybe you can retire early with it. Good luck
Time to hang it up trucking has been destroyed I have other 35 yrs. I have been retired for 5 yrs. rates are worse than ever before and fuel and everything else are off the charts . You are digging a hole.
I am going to give you my experience from spending 40+ years in trucking and what you should do. First off. You seem like a bright willing to learn man. With Knight you should first sit down with them and have them put you in the Las Vegas terminal. Next have them give you the up to Salt Lake City and right back freight. Here's the problem with KNIGHT and will be your problem trying to make a living with them. THEY FAIL TO PUT STEADY FREIGHT ON STEADY PEOPLE. They have the freight that will work for you. Like paper towel loads up to Salt Lake City and Diapers or water right back to Vegas. But then they will screw the living piss out of you making you run a drop and hook over to some Sam Club and spend two or three hours going around looking for a empty trailer. Or sit for a night and half a day waiting at some shitty Costco to unload. They won't do what they need to do. Fully hire day cab hourly drivers for their MESS. (Which there are a lot of good people (Drivers) who want the local jobs. You LEASING cannot afford to be spending your time (MONEY) cleaning up cross town pickups that don't pay shit. Again they have the dam freight to make the right things happen and people be successful. But fail to do it. WHY ??? That's the question. You could run back and forth with drop and hooks for them till the wheels fall off just doing Vegas down to LA and right back. Try to talk to them. Maybe you could be the Knight RU-vid channel that finally changes trucking. Good luck. Try to wake these morons up and do the right thing.
He's with Knight and not Swift. Swift wants me back and is sending me openings. Right now, Vegas, golden triangle, leave Monday morning, home Friday afternoon, guaranteed $1,500/wk. Walmart/Costco drop and hook loads. NO slip seating.
I've done both lease and own but the only difference is that you cant leave with the truck even if you own a brand new truck and trailer 100% independent you can get alot of canceled loads lease drivers are basically making the same as owner operator but with the mega carriers getting payed the same for every load and miles suck because they need to pay the same rates on the load board I book my own loads and I get 2.50 load to $3 a mile but it's still hard the trick is to take light loads and have the cheater eld's if you don't have that and get payed less than $2.80 per mile your operating at a loss the only way to beat the game is to cheat logs 😂😅
