How To Start A Box Truck Business (Step By Step)

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*GUYS I APOLOGIZE WHEN IM EXPLAINING AT (11:32) IN THIS VIDEO ABOUT OVERHEAD COSTS IF YOU WERE TO BE FINANCING A BOX TRUCK I FORGOT TO DIVIDE THE $1,100 BY FOUR SINCE THE OVERHEAD COSTS WERE CALCULATED PER WEEK. THIS WOULD GIVE YOU A GREATER PROFIT IN THE END. ALSO KEEP IN MIND NUMBERS FOR DEISEL HAVE CHANGED AS WELL, SO JUST TAKE THE CURRENT NUMBERS, AND USE THESE CALCULATIONS TO FIND YOUR POTENTIAL PROFITS!*
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23 окт 2022

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Комментарии : 118

@covenantdispatchllc7644 Год назад

Click here on this link to access our Dispatch Course, Dispatch Course & Online Trainings: www.onestoptruckinghub.com/features

@nonsookwuenu Год назад

Calculation was off I think. If you bought the truck and aren’t paying rent and Your financing cost is $1100 a month then you have to divide that into 4 weeks making cost per week $ 275 so total profit per week based on your number should be above $1500. Well that’s if your financing payment is $1100 a month and not a $1100 a week

@covenantdispatchllc7644 Год назад

@@nonsookwuenu I stand corrected.. You are RIGHT!! Sorry guys!

@swhit5928 2 месяца назад

What about cargo insurance you did mention that

@Blark2020 Месяц назад

Rudy Gobert coming in clutch for us newbies

@covenantdispatchllc7644 Месяц назад

Yoo this is hilarious 😂😂😂😂😂😂😂😂

@Invertmini1212 2 месяца назад

If you're reading this in 2024: Do not be scared to call or show up in person to work with customers directly... Especially if you're local they will always appreciate a local partnership. You save them money by cutting out the broker and dispatcher and put more money in your pocket. Thinking outside the box is key in Logistics.. If you're going through brokers or gig work for the time being when you're delivering ask to speak with the Transportation/shipping manager to see if you can get them rates on their lanes and its an easier conversation. I was a broker for 7 years and about to buy a 26ft/Lift and a Sprinter van. If you hustle and make solid relationships you will always be in good shape in due time..

@johnwalsh4799 Год назад

Thanks for the realistic, transparent info bro 👍🏻

@rickyray3575 Год назад

Very well said!!!!! Thank You!!!

@minglao2091 Год назад

excellent video, so informative and transparent !

@chuck9380 4 месяца назад

Most detailed video I’ve seen this year #Thanks

@insidethesquaredcirclewith9797 3 месяца назад

Still don't know if the profit of 753 was monthly or weekly

@lovechild872 Месяц назад

Thank you for making it simple for us newbies

@disco7128 24 дня назад

Awesome info thank you

@munyailawson4452 Месяц назад

Trying to start my own box truck business trying to talk to you get my life started

@fca6458 Год назад

profits need be: $726 plus 923 ( driver ) right? if you drive and bought the truck finance (1.100 month)

@tannermcclung4134 Год назад

Taxes and tax deductions. I too would love to see a breakdown of how that plays a part in your example

@covenantdispatchllc7644 Год назад

All transparency I didn’t hide anything now you see the reality of the Box Truck Business when depending on a load board

@geoffnavolt1970 Год назад

Xpo has loads for .49 cents a mile. No money

@BlackGirlWanders-SoloVentures 23 дня назад

Great info but based on this it seems like it wouldn’t really be worth it right?

@everdream741 7 месяцев назад

Didn’t include truck gps and load boards subscriptions .

@user-pm9is3vd3h Год назад

Do you have any recommendations for long distance trucking insurance beside Progressive?

@letgoblancoo Год назад

once you get your expanse out and own your own truck you could see alot of money

@covenantdispatchllc7644 Год назад

Absolutely! way more potential with a truck that you own flat out no monthly payments

@whattowatchrightnow 8 месяцев назад

what about Amazon Relay? Can you get a better rate?

@ericcollins8325 2 месяца назад

How do you go about finding your companies you will be hauling for and does each company quote you a rpm?

@ystmartinmg Год назад

You can sleep in a box truck. You won’t be able to do a sleeper berth. You have to do a 10 hr reset

@covenantdispatchllc7644 Год назад

You can sleep in a box truck only if the box truck is equipped with a legit sleeper. Otherwise you’ll get a fine (if caught) trust me

@ystmartinmg Год назад

@@covenantdispatchllc7644 nah not accurate. I’ve been stopped and the officer confirmed it because she was about to hit me with a fine. That was in Indiana

@covenantdispatchllc7644 Год назад

@@ystmartinmg Let me be more clear actually. A driver can’t legally log in “sleeper berth” hours with a commercial vehicle that does not have a DOT approved sleeper attached. It’s a gray area regulation, but there are plenty of people especially non-CDL hotshot drivers, and box truckers that get hit with these violations. Sounds like you weren’t logging in sleeper berth hours, or you just came across a kind trooper or DOT officer.

@dejlaa5727 Год назад

Pls bro I got my CDL now but I had a accident in my record almost 4 yrs What is the effect on my opportunity to get a job or if I buy my own truck

@jimfurr81 11 месяцев назад

What size truck are you renting? I am looking at a 26 foot/ gas truck, w/liftgate OR a 16 foot/gas truck w/liftgate

@jonmerica22 4 месяца назад

Get 26 foot so you get paid for the full load . 700 miles for 1500 $+

@Jordan-qu9rv 5 месяцев назад

Are there any loads that go into canada? I live by Niagara falls by Canada, if so do they pay more?

@insidethesquaredcirclewith9797 3 месяца назад

I mustvne missing something did he say your profit every week is just 297 per week if u hired a driver?

@phoenix-uc3et Год назад

sorry if i sound ignorant im just new to this, what about taxes? we just ignore them until its Feb and its time to pay for them? also does gas help as a tax deduction?

@danadane4375 4 месяца назад

Yes write your gas off as a tax write off, also you may be able to write some of your Insurance off also , food , any equipment , hotel stays. Try very hard to keep Your receipts. ( hope this helps ).

@ariyantaylor5533 Год назад

Do you need commercial insurance of your own when renting? Or can you just add on the truck company’s insurance? I know that doesn’t cover the goods being carried but I want to know if that’s going to be another expense, that’s why I’m confused and asking.

@covenantdispatchllc7644 Год назад

Good question. You actually would need your own commercial auto liability coverage because that is what keeps your MC number active. In any other scenario you could absolutely use their insurance, but when looking to haul freight across state lines, or to obtain your own MC authority you would have your own coverage anyways. Hope that answers your question! 😁

@ariyantaylor5533 Год назад

Very helpful thank you. When you say “commercial auto liability” does that mean I can get liability instead of full coverage making it cheaper? Or do the load companies require you to have full coverage. Thanks again no more questions

@saidabdelghany7676 6 месяцев назад

When working with a dispatching firm, you must have your own commercial insurance for your truck; how can you pass this with the dispatcher for a rent truck?@@covenantdispatchllc7644

@LESURELOVE 10 месяцев назад

This is per week right?

@alonzowalker555 Год назад

Where to find a good Driver if I have multiple trucks?

@covenantdispatchllc7644 Год назад

Indeed and Facebook Job Posts work like a charm!

@jay12120 Год назад

So what is considered a good per mile rate to get paid and what's the average?

@OfficialFearlessServant Месяц назад

That’s the game. You’ll have to figure it out

@tonyyoung5971 Год назад

I am in the process of starting a box truck business. I had an accident in March would that effect me?

@covenantdispatchllc7644 Год назад

You should be fine you could hire a driver with a CDL and when the insurance company runs an MVR on the driver it will lower your premium.

@ayoubb2806 Год назад

so you added 1100 a month for finance toa 1 week earning? more like it should be 1100 divided by 4 which is 4 weeks so 275. alot of stuff i can point out wrong in this video btw. you can make more.

@covenantdispatchllc7644 Год назад

Yes, I corrected myself in the description under the video.

@user-xx1jb8ly2u Год назад

Right? I thought I was going crazy. This is all based on 2200 miles revenue... you can do that in 3 day and still have 4 more days of driving to do

@isaiahblair9079 Месяц назад

What insurance did you use for you to pay 470 a month I was paying 1485 for the first year and it bust down to 1300

@jimfurr81 11 месяцев назад

What I would like to hear is the costs if I Rented a truck or van, but I did my own driving. Do I need all those certificates if I rent a van and pick up loads? My credit is just short of being able to buy a $24,000 used Sprinter type of van or a box truck.

@alexwright8784 4 месяца назад

If you finance your truck. Wouldn't the $1,100 you added actually be 1/4th that because you are calculating weekly

@covenantdispatchllc7644 4 месяца назад

Yes I corrected this in the description of this video

@user-bf9rx9jg6u 3 месяца назад

You made a mistake 12:19 you added the whole price of the financed payment of the truck instead of dividing it by four for the weekly amount

@covenantdispatchllc7644 3 месяца назад

I edited my statement in the description under that video.

@SSTR87 3 месяца назад

You spoke wrong on the calculations. The monthly payment only comes out once a week. The other weeks you would get $1000 in addition

@covenantdispatchllc7644 3 месяца назад

I addressed this in the description under this video since I couldn’t go in and edit the video.

@loopy2646 Год назад

What if you did 15 to 2000 miles a week is that possible

@covenantdispatchllc7644 Год назад

It’s still possible to make a profit depending on the RPM, and the cost of your truck rental.

@insidethesquaredcirclewith9797 3 месяца назад

Somebody please help me out sounds as if you rent a truck and hire a driver that the driver would make 924 per week and you yourself would only profit around 350 ?

@froy_boyproductions8488 2 месяца назад

Being an owner means you always get paid last and sometimes less than your workers. But the end goal is that business scales and you make more in the end. I wouldn’t pay 20 percent I would go by industry standard. Maybe a little more since I’m small business. And hope that my driver that is a great candidate can refer me other qualified applicants. So I can keep scaling.

@froy_boyproductions8488 2 месяца назад

On the road semi drivers. I hear make like 60k a year.

@BloodMoney-bu6bw 5 месяцев назад

I officially don’t want to enter the Box Truck business‼️🤦🏽‍♂️

@covenantdispatchllc7644 5 месяцев назад

I don’t blame you. It’s no impossible if you crunch your numbers down precisely

@zammzaddy4526 2 месяца назад

You calculated monthly expenses for a week

@covenantdispatchllc7644 2 месяца назад

Yes I corrected myself in the description under the video.

@jimfurr81 11 месяцев назад

Did you mean Truck Loan payments would be $1,100 a month??? You are calculating Weekly expenses.

@covenantdispatchllc7644 11 месяцев назад

Yes check the description under this video we recognized the error and corrected it

@BloodMoney-bu6bw 5 месяцев назад

Who pays the toll?? U or the company to which you are hauling?

@user-zj4nf4jx4p 4 месяца назад

Make the customer pay it, just factor it in to your operating costs, if you do work and never hit a toll for a customer you should still charge it imo but I would label it “miscellaneous”

@cherrelleg8276 3 месяца назад

If you pay the toll it’s a tax write off.

@kaybates3447 2 месяца назад

The music is distracting , and talking sounds rushed. Otherwise, info itself is useful.

@covenantdispatchllc7644 2 месяца назад

Thank you for polite constructive criticism! ❤️

@angelrafael9517 Год назад

Is not illegal to sleep in a box truck

@covenantdispatchllc7644 11 месяцев назад

You’re right, it’s frowned upon in some places. Should’ve worded it better.

@chefmikeankh6434 Месяц назад

Insurance is too damn high

@ryanforbes5275 Месяц назад

What about taxes?

@covenantdispatchllc7644 Месяц назад

I’m not a CPA, but take those numbers and do the math according to the state you live in

@ryanforbes5275 Месяц назад

@@covenantdispatchllc7644 Yes but what I'm getting at is those numbers are barely the average job that being anything really above food service. So unless you own your truck with no payments, work for yourself, or have five or more trucks with drivers then after your overhead and taxes you wouldn't make much a reasonable profit. It just doesn't seem like a way to make a living.

@MuhammadKhan-te1zh Год назад

I think this should be a more clear break down for you guys. Let me know if I made a mistake y’all. Scenario: RPM: $2.00 Miles: 2,200 Gross Total: $4,400 Overhead Costs: ($3.95/7mpg= 0.56×2,200=$1,232) Fuel- $1232 Tolls- $170 Hotel- $300 ELD/MISC- $65 Rent Truck- (.19 cents per mile & $2.100 each month) = $943 Driver- $924 Total:$ $4,104 Profit = $ 396 If you drive & buy your own truck: Gross total: $4400 Weekly Expenses: Maintenance- $300 Fuel- $1232 Hotels- $300 Tolls- $170 ELD/MISC- $65 Total expense= $2067 What’s left? $2333(weekly)x 4 = $9332 Minus Monthly Expense: Finance Pavment- $1,100 Insurance Avg -$1200 ( I know he said $470 weekly but you can a semi reefer insured for a little more that) So $9332-$2300= $7032 This just first year…now if you hustle and pay that truck off that $1100 back in your pocket plus your insurance is always high for a new authority but after a year it drops. So it’s still profitable…

@phoenix-uc3et Год назад

so if i rent and drive it myself based on this scenario I should be profiting $1,320

@fahadijaz8558 5 месяцев назад

Why taking out 1100 finance for a month from first week money ,shouldn’t be divide in four weeks , same thing you did with insurance money, this guy is a wrong number

@covenantdispatchllc7644 5 месяцев назад

It was a mistake I made and made the correction in the description under this video.

@laidbackoutdoors 14 дней назад

After watching this video, I don’t understand how he’s not making no money. I can make easily $1000 a day I started up my whole company under five grand and I don’t know who told him that it’s illegal to sleep in your truck, but that’s not true I sleep in mine all the time DOT does not give a shit so all that hotel money is a waste

@covenantdispatchllc7644 14 дней назад

At the time of making this video I had associate truckers who were ticketed for sleeping in their cab with no sleeper. If you can add better quality information, create a RU-vid channel and share it 👍🏽

@smoothwill Год назад

Ain’t no money in the box truck game anymore it’s too over saturated now . Everyone hip to it now

@covenantdispatchllc7644 Год назад

It depends who you’re connected too. Depending on freight from the load boards will take you out of the game quick.

@smoothwill Год назад

@@covenantdispatchllc7644 so where do you go if not the load board?

@naciapelmore4964 Год назад

I got in the game I can tell you, your comment is a 100% wrong, it's money in box truck game its enough money 💰 🤑 for everyone to eat. I am a female owner op it's money out here but if you think your going get 15$ miles it ain't happening

@craigsayshello8239 Год назад

@@naciapelmore4964 yeah people sleep as long as stuff need to be picked up freight and trucking is forever

@banned474 Год назад

Just slang dope .oh wait too over saturated too huh lol

@zodiackiller4743 Год назад

After watching this its not worth it all that stress for a 1400$ weekly pay is not worth it and with the rates all over the place.

@zay2slimeyy599 Год назад

Im independent contractor and I bring in nothing less than 6k and weekly

@jonmaclin8344 11 месяцев назад

You thinking you have to pay all these bills every week. No. You pay all this one week. So only the first week will look like this and then the other three weeks everything is Profit minus gas, phone bill, and food.

@djc4644 10 месяцев назад

He broke down 1/2 days not a week

@wavykhan7735 9 месяцев назад

The world is full of skeptics .. don’t be another one … don’t knock it until you’ve given it your all. U don’t wanna be thinking about all the missed opportunities 10 years from now …. Good bless 👍🏽