Year Two, Third Quarter Results (December 2009 to March 2010)
As in previous quarters this year, the numbers for this quarter are in bold and followed by the corresponding figure from the same quarter a year ago in parentheses as a reference.
In this quarter I racked up 29,677 (31,402) paid miles, drove 31,820 (34,280) total miles, resulting in 7.22% (9.17%) OOR miles. This is my second best showing for OOR percentage thus far and the lowest number of paid miles by a slim margin. I spent long periods at home after the new year and before the Superbowl and I was stuck in the shop for five days with the engine problem so all-in-all I did okay.
My fuel purchases amounted to 12,133.43 (9,928) and my FSC reimbursement 7,831.86 (5,549), leaving an Adjusted Fuel Expense of 4,301.57 (4,379). Divided by miles run shows 13.51 CPM (12.77) for fuel, a horrid result.
My average weekly miles dropped to 2,282 (2,416), due mostly to the downtime I remarked on above.
With the relatively bad showing above you might be expecting a poor result in the Net Pay department for this quarter, and you would be wrong. Total Net Pay was 16,590.68 (12,296), the best this year by a whisker, and average weekly net was 1,276.20 (946). Note that in this quarter last year I was also setting aside an average of 500 dollars per week towards my savings escrow.
My net CPM this quarter was 55.90, the second-best I’ve recorded… beaten only by this quarter last year at 59.88 CPM.
The result? Despite high adjusted fuel costs (please oh please make the price of diesel rise!) and relatively modest miles my net pay for this quarter is the third-highest I’ve yet encountered. This despite the time off (voluntary and involuntary) and repair expense that was double that of last quarter. I did have one week with zero net pay and another with a paltry 167.54, but those were more than made up for by the other weeks in this period.
Net Pay By Week:
27: 1,327.26
28: 1,178.19
29: 0.00
30: 1,468.52
31: 1,721.86
32: 586.31
33: 1,496.86
34: 833.42
35: 1,359.53
36: 167.54
37: 1,711.20
38: 3,517.88
39: 1,222.11
Goals for the Fourth Quarter:
At the pace I’m currently on I should finish this year with approximately 63,500 in net pay, about 4,000 less than last year. This, despite the vast difference in FSC. My first goal is to finish strong and try to beat that mark.
My second goal is a continuation of my determination to remain efficient. No unnecessary idling, as little OOR as possible and cruising at 60 MPH. This is reflected dramatically in my net CPM, so I want to see if I can beat this quarter’s 55.90.
My next quarterly report will be at the halfway mark to the completion of my lease. I will have two years of solid data to use to predict the outcome and give myself benchmarks to try to beat heading town the other side of this hill I’m climbing. See you in 13 weeks.
