CRST Exit Oppurtunities???

Topic 24596 | Page 7

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Austin P.'s Comment
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Not just that...i just wrote a long explanation and it froze.

I made the following figures up as an example.

Basically...if a truck costs $3000 per week in operation and has a revenue of $5000, the net revenue is $2000.

that same truck with only adding an additional driver cost could then generate $10,000 as a team with an operation cost of $4500. Thats a net revenue of $5500.

So by running team, the net revenue increased by $3500 per week.

The solo truck will make nothing for 4 to 5 days on home time. The team truck could be run solo if only one driver takes home time. And this does happen a lot

Prime has solo drivers but MOST lease ops (which is 75% of the company) run teams with spouses/partners or TNT train as team. Why? because training is great? In part, but teaming brings in Hi Val.loads and expedited which pays more.

You will notice a push for drivers to eventually train. Why? Its all about the benjamins. The TnT drivers are getting paid less than a full team, so prime is making even more money than i stated in the above scenario.

Think about it... one truck, one set of operation costs, that can run the miles of 2 trucks by adding only one additional driver pay without adding another truck payment, insurance, QC and safety equipment etc.

It makes sense when you understand the business.

That makes a lot of sense, I didn't even think about that

OWI:

Operating While Intoxicated

TNT:

Trainer-N-Trainee

Prime Inc has their own CDL training program and it's divided into two phases - PSD and TNT.

The PSD (Prime Student Driver) phase is where you'll get your permit and then go on the road for 10,000 miles with a trainer. When you come back you'll get your CDL license and enter the TNT phase.

The TNT phase is the second phase of training where you'll go on the road with an experienced driver for 30,000 miles of team driving. You'll receive 14ยข per mile ($700 per week guaranteed) during this phase. Once you're finished with TNT training you will be assigned a truck to run solo.

Rainy D.'s Comment
member avatar

And this is why we steer people away from leasing until they understand and think about every angle.

there is soooo much to learn.

Brett Aquila's Comment
member avatar

And this is why we steer people away from leasing until they understand and think about every angle.

there is soooo much to learn.

That's true. In fact, if you think leasing is a good idea then you still have so much to learn about it. When you finally come to realize that leasing a truck is a bad business proposition which should be avoided then you know you've finally learned enough about leasing to make an informed decision about it.

Don't lease a truck until you realize it doesn't make any sense to do it. Then do whatever you want.

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