Correct! The L/Os have been throwing out big #s, and I forgot previous reads on TT.
Thanks for the refresher.
Operating While Intoxicated
Here's some two word combinations, and all utilize eight letters:
"No Brains"
"Into Debt"
"No Winner"
"Lease Ops"
What exact does “walk away” lease mean? Is it the same terms as any other lease program that is offered?
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As a prime driver I can tell you the "drive for the owner op that pays a little more" is a gimmick. Not one owner ever offered me all of the bonuses a normal company driver gets. Example...my friend got $25 per week fuel bonus from his owner op. I make about $100 per week fuel bonus. He did not get 401k. In the last 5 years prime has added $16,500 to my 401k. Also, my friend does not get the wellness bonus nor a safety bonus. He does not get sick leave and only gets 1 week vacation regardless of how long she has been here. I am.up to 3 weeks vacation.
So when all is said and done...he should have been at about 54 to 56 cpm.... but settled for 51cpm with no 401k, thinking it was a good deal.
Often O/O offer 30cpm to team.with them on a lease truck...this too is a sham. Prime gives company teams bonuses based on miles driven not a flat rate. Therefore, I was making 42cpm each driver including bonuses as a straight team not a trainer.
They will claim you will have more freedom but you will be micro-managed as they need to protect their business. One guy told me I could drive his truck 2 months out and take home 10 days. I get better home time than that now as a company driver.
Leasing right away....I am totally against as it takes time to learn the time.management and freight lanes to make any kind of.money at all. Notice Primes bad reviews? They are all failed lease ops who couldn't hack it.
CPM:
Cents Per Mile
Drivers are often paid by the mile and it's given in cents per mile, or cpm.