Trying To Make Sense Of This

Topic 25550 | Page 1

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Scott's Comment
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Hello!

I would like to start off this post kind of introducing myself. I have been in this industry for about 18 months now, and teaming with my wife for about a year. It does shame me to say I was suckered into a lease for a short time with Prime before leaving that behind me. I didn't find this website until after that stint there.

I am a part of a Prime driver page, and as you might imagine, most of them are lease. Someone tried to tell me that if I'm bringing home approximately $42k (mind you, that's me alone while teaming with my wife, combined it will end up about $84k and we are only averaging about 4.5k miles a week with home time every 1 1/2 months) after tax and family insurance costs, that it's not worth being a company driver. Now, through reading most of the other posts here about leasing, I have found that net revenue and profit for a lease op are two different things, but I want to make sure I completely understand the concept. I'm no business major, nor do I pretend to understand what it truly means to run a business. I just want to make sure I understand the differences.

Thanks in advance for any help.

Sid V.'s Comment
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I don't know who you talked to but making 80k+ running 4.5k miles with consistent freight is about as good as it gets. I wish i was making that, lol.

∆_Danielsahn_∆'s Comment
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I don't know who you talked to but making 80k+ running 4.5k miles with consistent freight is about as good as it gets. I wish i was making that, lol.

My brother in law and his wife team, make just over $115k /yr teaming.

Your "profit" is anything left over, after you receive your "net revenue," and pay for any other overhead costs, like health insurance, taxes, and other miscellaneous expenses.

At least, that is how I understand it.

Grumpy Old Man's Comment
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double-quotes-start.png

I don't know who you talked to but making 80k+ running 4.5k miles with consistent freight is about as good as it gets. I wish i was making that, lol.

double-quotes-end.png

My brother in law and his wife team, make just over $115k /yr teaming.

Your "profit" is anything left over, after you receive your "net revenue," and pay for any other overhead costs, like health insurance, taxes, and other miscellaneous expenses.

At least, that is how I understand it.

Having run a business for many years, you need to make at least double, and preferably triple what you would make as a company driver to make it financially worthwhile.

And if you have never ran a business before, it will probably end in disaster. That isn’t a slight on you or your abilities, just a fact.

As my trainer said. I bought my own truck. I was an excellent driver and an excellent mechanic. The problem was that I am not a business man (cleaning it up a bit for the forums). He is now a happy company driver.

In addition to all the expenses and pitfalls, you have the long hours of business administration and the stress of being a business owner to consider.

I actually did my job 4 to 6 hours a day. Then another 6 to 10 actually running the business.

Now I drive and collect a check and have not a care in the world beyond making my appointment and driving safe. And the freaking quarterly safet meetings. :)

Dm:

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.
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