This post covers the first quarter of my second fiscal year as a lease-purchase operator at Hill Bros. I'm going to be comparing numbers from each quarter this year with the corresponding numbers from last year, with the previous year in parenthesis.
Paid miles for this quarter were the lowest yet, just 29,917 (33,898). With 32,090 (37,000) total miles driven, it comes to 7.26% (9.2%) Out-Of-Route miles which isn't bad.
Total fuel expense this quarter was 10,975 (22,533), FSC was 6,774 (18,587), leaving adjusted fuel cost of 4,201 (3,946). Holy crap look at those numbers! I had almost triple the FSC a year ago because fuel prices were so high.
My adjusted fuel expense per mile was 13.09 (10.66). In other words, that super high FSC helped me out by about 2.5 cents per mile last year compared to my most recent quarter.
Average paid miles per week was 2,301 (2,608), compared with 2,564 average miles per week across all of last year. July was a brutal month for miles this year.
Total revenue for this quarter was 34,879 (50,585), or 1.17 (1.49) per mile compared with last year's average of 1.26. The difference here, by far, was the difference in FSC.
Average gross revenue to the truck each week was 2,683 (3,891).
My net pay for the quarter was 14,644 (14,433), or 1,126 (1,110) per week.
Up until the last line you may have been thinking how dismal a quarter I had, but despite everything I still made more per week in net profit than I did in my first quarter last year. I did have some extra escrow payments deducted last year that I didn't have this year, but I'm also currently paying 10 CPM towards my maintenance escrow now that I was only paying 5 CPM then so it is something of a wash.
I'm glad that my OOR is below 8% again -- those miles really take a lot of money out of my pocket. I'm also glad that even though my average weekly miles dipped by about 250 over last year's average my weekly net income remained just 28 dollars off of last year's average.
My second quarter last year saw an increase of net weekly pay of 17 dollars over the first quarter. My goal for my next quarter is to increase my net weekly pay by 74 dollars, to 1,200 per week.
Net Pay By Week:
Going Basic - To free up my domain name for other uses, I'm going back to the basic blogger address of www.gigiroxx.blogspot.com So feel free to update your bookmark...
1 year ago