I'm Headed To Springfield Prime Fri

Topic 23500 | Page 6

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Grumpy Old Man's Comment
member avatar

And are those great paychecks after expenses, taxes, repairs, etc.? Are you putting anything in the bank to help the company survive years from now? Or are you treating the checks you get as a paycheck?

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Old School's Comment
member avatar
I've added up my miles to the rate of what I'd make if I was company and both amounts are very far apart.

Of course they are. One of those amounts are revenues to a business before taxes and business expenses. The other amount is an actual "paycheck." If you don't understand those most basic business accounting principles, we certainly cannot allow you to try and teach our members about the virtues or advantages of leasing a truck.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Austin O.'s Comment
member avatar

I understand math and yeah I know the difference between gross and net pay. All I'm saying is what I make after all of my deductions including taxes and even bills back home is higher than what I'd make if I were a company driver. Yes money is being saved for the future... I'm a single guy with no kids and the bank account builds up each week...

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I've added up my miles to the rate of what I'd make if I was company and both amounts are very far apart.

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Of course they are. One of those amounts are revenues to a business before taxes and business expenses. The other amount is an actual "paycheck." If you don't understand those most basic business accounting principles, we certainly cannot allow you to try and teach our members about the virtues or advantages of leasing a truck.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Old School's Comment
member avatar
All I'm saying is what I make after all of my deductions including taxes and even bills back home is higher than what I'd make if I were a company driver.

So, what would you consider your annual salary to be in your current situation? You can just give me a ballpark figure. I'm just trying to get you to establish some facts for us to consider. All of us want to earn the most money we can.

Brett Aquila's Comment
member avatar
To be honest I really dont see how lease and company could be close unless the lease driver has a bad dispatcher , accepts low paying loads, or doesn't like to work. But lease is not for the long term. You'd be foolish to keep renewing a lease. That's ALOT of money you'd be out year after year.

ugh geez. It's like watching a little kid wander into the street with a big smile thinking there's nothing to fear because they "really don't see how" things could go wrong.

I understand math and yeah I know the difference between gross and net pay

Then why did you call your revenues your "paycheck." No one who understands how to operate a business would ever refer to their revenues as a paycheck.

So I deadheaded those 800 miles took a week off and STILL made a good paycheck.

Really? So you forked out several hundred dollars from your own pocket for fuel, took a full week off, and still came out smelling like roses? Seems almost too good to be true. You really found the rainbow that leads to the pot of gold, haven't you.

Hey, that's how they should market these lease programs..........Come ride the "Rainbow To Riches"

Deadhead:

To drive with an empty trailer. After delivering your load you will deadhead to a shipper to pick up your next load.

Dispatcher:

Dispatcher, Fleet Manager, Driver Manager

The primary person a driver communicates with at his/her company. A dispatcher can play many roles, depending on the company's structure. Dispatchers may assign freight, file requests for home time, relay messages between the driver and management, inform customer service of any delays, change appointment times, and report information to the load planners.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Rainy D.'s Comment
member avatar

On your settlement it states "total annual revenue" and "total operation costs" (this does not include taxes.)

what are those figures from Dec's settlement?

subtract those and you have "net revenue". Its probably in the neighborhood of $80,000 ? (it will differ greatly if you are solo)

yes you might have made $250,000 in revenue, but deduct the $180,000 in operation costs and you would have $70,000 then the taxes come out. $15,000? so thats $55,000.

or.....divide your annual revenue by your "Total Miles Year To Date". That is your gross cpm.... what $1.45? this year is higher so $1.65?

do the same with the operation costs and what? 75cpm? seriously what is it?

subtract the two.

Four lease experienced ops gave me.their settlements. when you work out the annual numbers the cpm is not much different...and is offset by my fuel bonus. plus we have medical, 401k, disability etc.

or....try this...you make what an average of $2000 a week gross revenue? $500 of that is taxes. Now in NJ the BCBS plan closest to ours is $200 per WEEK. So that is just medical, not vision dental life insurance, disability and 401k matching.

With all that paid, you are down to about $1200 per week. I net more AFTER my 401k my insurance and taxes.

And how much hometime are you taking? we generally get more.

im serious...im curious.

CPM:

Cents Per Mile

Drivers are often paid by the mile and it's given in cents per mile, or cpm.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Austin O.'s Comment
member avatar

My average is 2,000 a week AFTER ALL expenses. That's my weekly average net. Like I said that's average but most of the time I'm around 2 sometimes higher but sometimes around 1500 to 1800 and that's only when I get stuck at a customer or accept a load that doesnt pay great. Hometime I can go months I like being out as I mentioned no kids or wife.

Cantankerous Amicus's Comment
member avatar

Including putting away enough to eventually replace your truck?

Brett Aquila's Comment
member avatar
My average is 2,000 a week AFTER ALL expenses

So you're saying that you're going to turn a profit of $100,000 this year?

Austin O.'s Comment
member avatar

If I worked all 52 weeks of the year then my answer would be yes. But I do not work all 52.

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