Getting the Most from Your Truck
Every hour that your truck isn't rolling with a load is an hour not making a $100,000 truck driver salary.
In the world of business, waste is very bad for profitability. In a perfect world, equipment purchased to help generate revenue would be used 24 hours per day, 365 days per year to maximize its use (utility). After all, if the equipment is turned off it's not helping the business.
I will illustrate this principle with a trucking example.
If I lease a truck for $3,000 per month, then there is also a cost per hour for that truck. There are 720 hours in a month, so this example truck costs $4.17 per hour to lease. Let's say the truck is driven with payload for 50 hours per week or 200 hours per month. That leaves 520 hours per month unutilized. Therefore, $2,168 is being paid monthly for a truck that is not being used hauling loads.
You want to minimize waste to help raise your profit. If you sit idle or drive empty, then you waste your profits.
You need to keep this utilization principle in mind whenever you are looking for loads or considering time off.
The clock never stops ticking.
The bottom line is that you need to keep the wheels rolling with paid loads as much as the Federal Motor Carrier Safety Administration (FMCSA) will allow. Click here for a summary of Hours of Service rules.
To learn more about how much you need to drive to earn a $100,000 truck driver salary, click this link: The Ugly Truth About Rate Per Mile.
-May the wind be at your six and weigh stations closed.