A Canadian flat deck o/o revenue summary

What are you getting 80% of? Is that 80% of gross revenue or 80% after insurance and any deductions?

Are you getting $1.60 per mile after all of the bills are paid?

$1.60 CDN is $1.19 USD per mile. With 138000 miles at a rate of $1.60 CDN per mile and $1.19 USD per mile that comes out to $220,800 CDN and $164,220 USD.

Are these numbers close to what you made for 2023?

 

Think he said it was after the companies cut, insurance and fuel.
So that just leaves maintenance, payments if he has any and profit.
Sounds not bad to me.

 

If you are keeping $220,800 CDN or $164,220 USD after the company takes their 20% cut, fuel and insurance then I would say you have done quite well in my opinion.

How much did you spend on...

Truck Payment $
Trailer Payment/Rental $
Maintenance $
IFTA Taxes $
Registration $
Legal Fees $

How much did you get to keep out of your $220,800 CDN?

If I am being nosy and intrusive please tell me. Are you set up as a sole proprieter in Canada or an LLC taxed as an S-Corp where you pay yourself a salary?

 

$220,800 CDN is good money. And thats after fuel? Whow, now I see what my Accountant was telling me about some O/o's are earning well over $200k still in these times. Prolem im having is my Flatbed experience of 3 years was back in the late 90's (rack & tarp, step deck and some heavy haul etc ) however, they want recent experience within the last 5 years. Its kind of a joke after driving for almost 30 years.

 

I think overall you did quite well. Taking care of as much maintenance and repairs as possible will assist you in keeping more money in your pocket so good job on that one.

Does your company have multiple customers that you move freight for?