My Truck is Making Me BROKE | Pay Statement & Fuel Consumption Breakdown
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- Опубликовано: 1 июн 2024
- We finally did it! A FULL Annual Repairs and Maintenance Report on one of our units in the yard. To be exact, we extracted all of the data from one of our Owner Operator's 2016 Volvo VNL 670 in 2021!!
In this video, Ronen goes into a very detailed report on this owner operator's repair and maintenance report for the entire 2021 year. He analyzes the O/O's fuel consumption and idling, along with comparing the O/O's mileage to other trucks in the yard.
This owner operator needs your help!! What do you recommend the driver should do in 2022?
A) Stay with the truck for another year
B) Give up and get rid of the truck
C) Sell the truck for $60k, upgrade to a 2019 Volvo and finance $60k for the next two years
Let us know if you would choose option A,B, or C in the comments below!!
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$1.65 per mile average is what really killed him along with not having a APU. If it is that cheap up there he might as well be a company driver.
Exactly. His take-home was $0.60ish per mile. Dismal.
I agree, will never make money getting paid per mile
Yep. Stop hauling cheap freight 2021 should have been a year to make big money.
He'd have less stress and probably more money driving someone else's truck.
I don't know what people are doing nowadays. Go on a load board and you can find $3 loads easy, in fact that seems to be on the low end. If you're willing to do mountains, refer work, flatbed, etc you can make more. Negotiate with brokers, build relationships, don't just go and work for some carrier thats going to pay you 1.80 a mile while they pocket $2 a mile off of your hard work. I just got to my 3 years with my CDL and am looking into going on my own now that spring is coming and I can actually get a reasonable insurance rate.
Volvo enough said!!
I bought almost the same truck, 2016 VNL D13 /500HP with 720K mileage. I spent $22K right away, new injectors, new front end, and lots of other stuff. But now I get 8.6 -8.8 MPG, but as an older driver, I do drive a bit slower. Recently, another $1.4K, but I have a good truck now. It is a good truck, and this comes with the territory. Sadly this is a tough industry. So, I DO feel his pain, but as a former accountant, let me just say, if you do a true business analysis, you pay one way or another. (This was my specialty in my previous life), you either pay a large monthly payment on a new truck, or you pay maintaining an older truck. One must find their own tolerance for financial pain. Mine, is cash flow. I do not have a monthly payment, except for insurance. So, I like the lack of financial pressure for payments, I'd rather drive at my leisure, without the pressure of making payments. I do not like the repairs, but I can deal with that. To each their own.
Best comment ,I've been searching for this answer
I'm a current accountant, considering a career change into trucking. And I have the same sort of preference. I'd add that without the financial pressure for payments, having downtime during repairs has got to be a lot less stressful.
As an accountant, to be paying for insurance on monthly installments is mind boggling to me. I get at least 20% discount by making a one lump sum payment in the beginning…. What investment gives you that kind of guaranteed return. SMH
@@jaeinnmoon3279 That's a huge discount that is rarely seen in commercial policies. Plus, as an accountant, you should know that cash flow, and maintaining reserve capital is also critical to a business ongoing operation. Most small businesses cannot pay in full majority of their bills, and after leaving a Fortune 100 company last year, they pay 120 - 180 days out, so how can a small guy pay out his insurance in full if he is not getting paid on a timely basis. Great idea, but way out of perspective for this industry.
@@skipperandy2199 - if you are struggling to pay in full, if you are waiting 120 days to be paid, you are doing something wrong, very wrong. I have never been paid in 120 days. 20 days after invoicing, you contact their AP department and you make sure they are in process to pay you in 30 day term. You follow up on 30 day after invoicing. 45 days after invoicing you go into collections mode…. Vast majority will have you paid by 50 days after invoicing. If I am not paid 50 days after invoicing, we contact their surety bond company and the claims form is requested. As you request the claims form, you copy the broker in the email and mysteriously you are paid immediately. We never had a broker ignore us or not pay us after we request a claims form from their surety bond company.
If you are taking your trucking business as a picnic to be paid in 120 - 180 day term, you need to get out of trucking business cuz you are not serious about your cash flow. You signed agreement with your broker that he will pay you in 30 days, why do you wait 120 days for your money, ridiculous…
Def trucks with EGR's don't like to idle. The reason is the motor cools down at idle, which causes lots of problems. The apu trucks have less problems because when the motor is running at operating temperatures, they have much less problems.
these are all terrible options. The biggest figure that screams "that isn't right" is he should at least be doing $2 USD a mile on A:LL MILES in this current market. Even if you add $30k back to his bottom line that is still less than $1 net per miles. At that point you aren't making more than a really well off company driver. I say lease to a new company.... Sorry Ronan.
Yeah, leasing to a company only paying $1.65 is the real problem.
This!!!!
I couldn't agree more! Trucking in canada is terrible compare to USA. Most owner ops in canada can barely live a decent life. So sad!!!
2021 wasn't a bad year freight rate wise,the fact that he was running east and still doing 1.65/mile is shocking.The company ripped him off and as an owner operator he should have analysed the numbers sooner.
At that point,he might have made more driving for this company.
@@avydhillon708 - he got paid $1.519/miles (all miles) in Canadien funds. With deadhead subtracted, he may have been paid around $2/mile per load. These Canadian drivers HAVE TO dh more than the US drivers because they must only pick up loads that go back to Canada. Canadian drivers are not allowed to pickup within the US and deliver in the US, that’s illegal.
But it’s true that the US truckers will do better than the Canadian truckers, that’s why we are way more blessed than our northern neighbor.
Your a great boss to take time looking at this driver situation than just letting him to leave
"B" sell the truck bank the money go company driver a few years with ET bank even more money ( if his financial situation allows). Then when truck prices come down go fetch a new or almost new truck with a warranty still on it. Great video Ronin!
Thank u
Very wise advice
@Thomas B well if the prices stay ridiculously high as they are now.He can get top dollar for his truck and go company driver and make decent salary without the headaches. Win win 🏆.
Absolutely 💯 % !
Option D, get a newer truck. 2019 is starting to get into the repair window, which means he will be getting stuck with more repairs. I’d recommend 2020 or 2021. Especially if he ends up staying in trucking for another 5+ years.
This suggestion is outrageous, your recommending that he swap out of a truck every 2 years if you are listening to yourself talking.
A newer truck? He cannot even maintain the one he has! He needs to learn how these trucks work, the systems, etc. You guys buy these trucks and think a shop will take care of them for you. Well, most shops do not have mechanics, they have parts changers, and that is all they do, they are experts with installing turbos and EGR Coolers. They are there for one thing, make money for the dealership and upsell you on parts you do not need. You guys are playing right into their pockets while they suck your wallet dry.
You have to buy some tools and basic diagnostic equipment. I carry an Inline 6 reader in my truck, along with a laptop with the diagnostic software for my Cummins. I also have a bag of tools, spare sensors, wiring kit, an ohm meter/circuit tester. You need to be proactive with these trucks, they are rolling electrical abortions waiting to fail. you have to learn everything you can about both the truck electronics and the engine components and systems. Install a pyrometer and a turbo boost gauge, those two gauges, especially the pyrometer will tell you a lot. That pyrometer spikes, you know you have issues. Pulling hills, the same thing, it goes up over 900 back out of it, drop some gears, turn the fan on, etc. Quit being steering wheel holders, be OWNERS!
@@michaelwright1602 - your trucks a tool… that’s it. Look at any of the mega carriers, they get rid of their trucks in 4 to 5 years, they never hold onto a truck that’s 5years old and they are successful. Look at single truck o/o, over 90% of them fail the first year and 99.99% of them bought a truck that’s more than 5 years old.
Your not trained as a mechanic, your a trucking business owner… if you spend time to learn to be your truck mechanic yourself, than your in the wrong line of work. You should open up a truck repair shop instead.
To be a successful o/o, you need to learn how to maximize revenue for your truck. You need to learn how to do basic and thorough pretrip is all. Operate a newer truck like the mega carriers, do a thorough pretrip, make sure you do timely maintenance identified in the owners manual… if your doing more than that, then you are spending your time in the wrong place.
Learn how to book a better paying load. Learn to negotiate and learn how to get paid more than the lane average. Learn how to collect money from the broker when they don’t pay. Learn your lane, become the master of the lanes you run. Learn the location and the names of the cities in your lane… doing these things will help you increase your revenue.
Learn where to buy your fuel in your lane, learn to save on insurance and learn to do your own paperwork instead of spending money into that junk you operate, which the mega carriers have given up on.
@@jaeinnmoon3279
100% agree
With the options given and information provided, I would go with option C. Seems to make the most sense to me.
After driving 120000 miles a year and making only 80000 in the end after all costs, might as well just be a company driver for a fuel company😎
Thanks for sharing! 👍👍
"C" with no turning back.
Option C and let him cut the idling time as much as possible.
Doesn't work everywhere unless you have an apu or webasto cab and coolant heaters. Met a guy who almost froze to death. He was on his second long haul run and his company gave him shit for idling. He was from Nigeria and maybe didn't want to rock the boat or something. Well he shut it off in -32°C and went to sleep. The truck wouldn't restart and he called the police when he couldn't feel his legs anymore and they gave him a ride to a hotel 70km away. If he parked where he had no cell service he'd be dead. They called us to try and get the truck going. It obviously wouldn't go with a boost and had to be towed. I tore his boss a new asshole on the phone for telling him to not idle while sending him in a truck with no auxiliary heat across Canada in the winter.
He needs to look up DIY Semi. Great videos on maintenance, costs, how to make it work.
Thanks Ronen for the video, he should go with option C but with a 2021 Volvo
(A) I recommend him to stay with his truck for another year , manage his spending and find the solutions for extra spending. As owner operator I spent $10,000 on my 2019 freight liner last year 2021.
what did u do to the 2019
@@dell7054 I still have it and keep working and making $$ out it’s life.
option C. and consider buying pittsburg power max mileage and OTR reset tool. Do a complete emissions system cleaning B4 taking the 1st load and make sure the injectors are firing properly.
Both my current 2020 KW and my 2 previous Cascadias (2016 and 2018) get about 0.6 - 0.8 gallons per hour idling.
These EPA trucks are not meant to idle, you face plug the DPF filters, along with the SCR system. That soot than starts packing the head and chewing up the cam shaft. An APU is essential, along with regular EGR Tuneups and OVERHEADS! Pop that top and inspect the cams and rollers! Ugh!
actually $26,000 for annual repair is very good for a truck. and 6.5 miles per gallon is good for a used truck. his problem is getting low dollars per miles in revenue.
Exactly I would be so happy making 6.5 miles per gallon in my fld 120. ,some drivers just don't want to get greasy they would just bitch lol do some maintenance yourself
Option D. Find a better carrier to lease on to where he can make a better rate per mile I divided his gross up by his miles and he’s only getting $1.62 per mile which is extremely low by 2021 averages ;)
I'd love to tell him to get over his brand loyalty and just get a Freightliner that will do what he needs it to do. But if he actually still wants to drive go with C. It seems like the newer brand years across the board 20,21,22 are starting to get the emissions crap figured out but I'm sure they'll still have gremlins. Better fuel eco, hopefully less issues, and getting an Apu will help the driver a ton. Apu's can be installed on I think pretty all trucks now as long as you have space for it. They pretty much pay for themselves within the first year since fuel has gotten so expensive
I just towed a '22 Cascadia with 25000km on it lol doesn't matter who makes it, it can have problems. Downtime is the real killer
My Caterpillar may get 5.27 mpg but very dependable my apu helps but I wouldn`t trade it for anything!!! Best engine ever C15!!! Let the black smoke roll and roll and roll!!!
And if it's paid for you ain't got $30k in payments a year!
Thanks for the feedback
This is a no brainer Definitely option 3. Aside from what you mention, the idling shortens the life of the engine by causing carbon build up on the pistons that eventually will scratch the cylinder and the only solution is an overhaul. Get rid of that truck and get the newer one with the Tripac you will not regret it
Great comment. Thanks for sharing your recommendations!
He can install a Apu on the truck go green Apu sells some used for $3500 which isn't bad they are in pa
Option C - no brainer. You coming in on Saturday to help says a lotabout your character.
Thank u
Thank you!
You can't imagine what big and useful work you do
C is the logical choice
Definitely option C!
👍👍
Thanks for the knowledge man.Keep making these videos..Option C
Option C. New truck with Webasto means less idling, less issues, better fuel efficiency and more time working instead of standing in the garage.
Great video, love the numbers!
Yikes. Thanks for sharing such info. Surely it helps others. As an o/o I'm mighty happy with simple truck that's blast from the past pre-emmisions volvo D12
Such a great channel, I really appreciate all the informations you guys provide. Do you have a station in the montreal area ?
Thank you Ronen for your hard work. Love your videos. So informative. Best Chanel ever 🙏
Thank u
Much appreciated
Please share the content if possible
Option C. That is a no-brainer. Thank you again for your concern. Keep it coming.
Take option A. Use the truck for a year so that you can still earn money for your down payment for a newer truck then sell it..
👍👍 Thanks for the recommendation!
_I would only suggest that as you are running a good truck by the parts ahead of Braekdown and preventative maintenance_
Smarter choice is option “C” hands down.
Good choice!
Option C... keep up the great content👍🏾
I like the way you said I will pick that option B
The older truck along with the idling is a killer. More fuel and more repairs. It’s hard to believe that all trucks don’t have a APU. That’s the first thing that I had installed on my truck.
C for me!! Thanks for the video!!
I would advise option A,then see where things go from that yr.
Very well put together if I was in that drivers shoes I would go with option c and try to get an independent quote from Volvo as to the best option going forward because customer loyalty can produce big gains
C
Do it today…. Good Luck and all the best to the Driver
Thanks!
Even though I am not from Canada and from the US I love this yt channel. One of my favorites and most informative channels
Wow, thank you!
I live in the movie "Risky Business"... LOL I say option C and keep him rolling.
Good advice, thanks Jim!
Absolutely c
Nothing to loose, you did a great break down
I am excited to one day be a o/o
Thank u
C, but damn I would get the most fuel efficient and reliable tractor I could get my hands on. This is about making a living not brand loyalty and all these video's prove it. Tell him to watch the channel. Ronen really appreciate all the hard work you put into these video's for us.
Amazing video Ronen! Appreciate your hard work. I would recommend the driver to go with option C
Thank u for the feedback
Definetly option C. This truck is just eating up all his money, a new model can save him much more, and he will be able to stabilize himself financially.
Thank you, appreciate your time for making this video!
I would make the option D.Same as option C, but NO finance, switch to a new or newer truck and pay off the difference if not 0% interest rate. Because I had the same problem but after switching the old truck to the new one this is when I start making a profit with much fewer breakdowns. Yeah, make sure the new truck has the APU unit, else you gonna start having the same problems after 2-3 years if it's brand new, but you never know.
Great video
Option C
Recommend C with 2020 truck
Go with option C, that's a no brainer. I really enjoyed this video along with all of them you put out.
Appreciate the positive feedback
The 19 is heading into 20 plus k a year repairs as well! Maybe keep back 20 k from his sale. Or buy a new truck .
Could you please brother make a video comparing the best top 3 truck brands to choose as a first time owner operator to buy!
Option C, better fuel mileage and just better all the way around
I'm probably going to get Flack for saying this but owner-operators need to think like business owners and not truck drivers the truck is the tool. You would never see a carpenter put Chrome on their saw they would get the best tool for the job. That being said this particular owner operator is limiting himself by looking at other trucks if I were him I would sell that Volvo and fire truck with the best fuel economy that I can find or go with another option sell the truck Bank the money drive a company truck and buy a truck when the market corrects itself because right now equipment is overinflated
Owner operator is a glorified company driver without benefits, unless he is running with his own authority. If you are running your truck as a business, then you will pay yourself a salary with benefits and matching 401k contributions. You will negotiate each load that you haul. Evaluate the lane that you run to maximize your revenue. Examine the best truck stop for fueling and maintenance. Preorder your tire purchase, schedule preventative maintenance, prepay the annual insurance to maximize the discount (20%), etc.
You make a lot more money if you run with your own authority as an American here in the lower 48. Can’t say the same for a single truck owner operator from Canada. They have to run trucks by different rules than we do he in the US.
Is there a warranty/maint. plan on the 2019 Volvo? If so, I would pick C.
C sounds good. With freight prices rising eventually the Owner Operators will start to see the money they deserve, maybe in the next couple years.
And now skyrocketing tires and fuel prices!
I don't blame the driver for rejecting Cascadias. As a slipseat driver I drove about thirty of them from 2020-2022 and all of them were inconsistent except for most of them would get very loose in the steering after about ten miles when the steering warmed. Some had rambunctious brakes and throttle so much that it was a challenge to back into a trailer.
Currently, I am driving a 2016 International and it drives like a dream. If buying new, or slightly used I would favor those or a Volvo, though I have only driven one Volvo and that's not enough to know how well they perform.
Option c but with a Cummins engine they get better fuel economy and you can get it repaired basically anywhere
At 3 Yr mark or depending on how hard you run. Mileage, Repairs, Warranty. You either take a chance in keeping the Truck or Opt to get a up grade with good warranties. It's up too you.
Go with option C. Also cut down idling time. Practice some basic mechanical skills. These things can save you alot of money. "Every penny saved is a penny earned".
God bless you
Optional C
C having been an OO myself for 25 years the the savings are not just in repairs but also time which means availability to get more revenue paying loads. Also quality of driver comfort and confidence. I tried to replace my tractor every 6-7 years I liked fraitliner classics with Cummins and two stick 5 and 4. C is his answer
Option C, the only one that makes any since.
Option C sounds like a good option
Option c is my recommendation
Good choice!
I’ll go with options C
option C
Honestly I am not an ET driver but I really enjoy the content. Keep it up.
Option c
Upgrading is the way to go
Based on what you said. 2016 VNL's with a D-13 had reliability issues that were mostly connected with the EGR. From the bills, you have shown I have noted a few things. He has a lot of brake repairs. I recommend making better use of the automatic retarder and giving yourself time to gear down. This will be an issue on any truck. I have noticed he is having radiator issues. Not good. He Can't drive another year with this truck. I suspect his radiator is going and this is a big bill. Of the three I would go with option C. But I would actually recommend he go newer. I would recommend 2021 or 2022. These have the newer turbo compound D-13 which offers better mileage. If he goes with 2019 I would recommend the 455 hp with adaptive gearing. Very reliable and very efficient engine. If I could do my 2019 Volvo again that's the motor I would have gone with. APU is a must. I prefer diesel. I would also recommend a Webasto preheater for those -30days. However, this driver's habits need to be looked at. The high brake repair cost bothers me. This suggests aggressive driving like over breaking, not giving the transmission time to work (another big bill), and aggressive use of the accelerator. A 2016 Volvo with the setup you mentioned should be getting somewhere between 7.5 and 8.0 mpg. Until some of these habits change, he isn't going to fare much better than he is now. His 2016 will likely cost him 50 to 75 thousand in repairs because I think his radiator is going. He definitely needs to get out of that truck. 60,000 is very generous. I would only pay 20,000 for it, too many big repair bills expected on it. BTW the high torque D-11 might be better depending on where he is hauling. Just my thoughts from a fellow Volvo driver.
Thanks for the feedback
Much appreciated
I think he had a radiator replaced @5:13. BTW; how many of you guys take the time to periodically clean the bugs out of the radiators? This is pretty important, particularly with the EGR engines (the EGR cooling is a significant cooling load). If you're doing high mileage at highway speeds, there is definitely a bunch of bugs accumulating in the radiator. Think about how your windscreen would look if you didn't clean it for a month.
@@jonathanrabbitt That's a point I missed. He may have the radiator replaced. I am not 100% on that. I do know he isn't done paying for this esspically if his intercooler goes
Option C it is, don't give up
Yes! Thanks for sharing!
I definitely want à APU. If I am giving up my apartment. I need a warm oasis
C. I want through the same thing in 21. I up graded
Option A. He has already put a lot of money in his truck and hopefully he won’t to put as much into it in the coming year. If he upgrades to a 2019, at the $120k price in this current market it is probably a truck with over 500k miles which is gonna start having a lot of breakdowns and repairs as well. So he’s gonna be repeating this cycle all over except this time with a high monthly truck payment.
Option C if he has the option for a 2022 or above. The monthly payment and higher mpg will make up for the lower expenses on repairs/ maintenance
Option A for me. Most of his repairs are done. It's only going to be small things from here on out. I have a 2015 Volvo. After I got the injectors done I've only had 6000 in maintenance this year. Mainly tires and other basic maintenance things
Thanks for sharing!
A- run his unit after injectors was it? Another option if it is affordable to add a apu, or his inverter on a few batteries. I'm in Upstate NY small plug in heater or arctic breeze you can get through. If it has constant other issues leave the door open for -C.
Running locally in Upstate as a w2 in 2024 you do need to know when to dump a truck. I did in 2022, just got a 16 volvo in good shape. The job will keep fixing things 2 of 4 are 100% down, what's going is...going in short time. If a truck is down more than up or 10% of the year dump it.
He needs to do Opinion C because he will regain what he lost in pass with a yearly of 8 to 9000 repair for the year but what happened to the warranty
Option C and a thank you letter to ET for actually caring about him as a person.
I would take option C
I'd prefer option C and get a apu unit. By the time he pays for his 2019 truck it'll be the same story he has right now. Just go with a new 1 if he plans to stay in the industry for awhile
Buy brand new truck with 5 years extended warranty and start doing high paying runs like east coast runs or fuel runs and get paid percentage .and sell the truck in 4.5 years while it has got a little bit value
Option C ! Never Quit just Roll On
Keep on rollin’!
C is what I would do
Easiest problem to fix in the entire transport industry.
Be a company driver. ALL of those problems disappear instantly and forever.
Option C his best and let go of brand loyalty if this next truck starts to require costly maintenance
Option A. Stay with the truck and get an ACU installed on it. He already spent a lot of money on it, so I think that the truck should behave much better and with the APU he will be able to save a lot more.
Definitely C
Option c is good
👍👍
Option A.
Ronen i would like to know as a canadian carrier what did you have to do to open a terminal in the usa to be able to do interstating im a small family carrier operating since 2001 we have gone from 16 trucks down to 11 do to low freight rates we share a drop yard in buffalo ny with a usa carrier wondering if somehow we could utilizing our position just for the American rates which are better then Canadian rates plus the exchange anything you can help with wod be very helpful thanks for the great u-tube videoes your helping a lot of owners operators
I want to but I struggle with backing up
I would go option C make sense but maybe with a 2020 Volvo truck.
option a: with and adding apu if the truck is paid for apu payment would be cheaper than a newer truck
Usually I will go for A but market right now dictate C is way to go.
Option C seems to be the right one if it was me I'd pick option c
Option C freightliner