Need Advice. Start With A New Company Or Just Stay Put!

Topic 7131 | Page 1

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Mike L.'s Comment
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Just looking for advice should I go or stay. Have over 12 yrs driving. Company I'm with is decent and been here 6 yrs. don't have 401k and I didn't take their insurance because it is the worst ever and they do not even pay for the employees it's like $30/week just for a employee and if u add family on its crazy expensive. But the paychecks are good. And I'm home every weekend Now I have a chance to goto another company doing refers no forced dispatch no driver unloads. New kenworth tractor new trailers. Great insurance company pays on the driver. Bonus's 401k. Vacation and its a employee owned so after one year I would start receiving stock. Passenger and pet friendly. Now the down side. I would have to stay out 7-10 days. And I would have to drive 2 hours each way on home time. Forgot to mention the pay to start I figure would be approx 200 per month less than what I make now. Just not sure I'm very comfortable where I am and I hate change especially at 43 years of age Just trying to get the bigger better deal so I may have a slight chance of some sort if retirement for my wife and I. Let me hear some opinions everyone. Stay safe out there

Woody's Comment
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Hi Mike, welcome to the boards.

It all depends on what you want. Based on what I would want I would not take that deal. But to me being home every weekend is worth quite a bit. You really just need to break things down. They have 401k but your taking a pay cut to get it. Would you be better off taking the 200 per month you would lose and investing that in a retirement fund on your own? The stock option would probably be the toughest one to figure out if it is worth it or not.

You do not say where you are located. If you are close to a major city you may want to look into LTL running line haul. Companies like Old Dominion, ABF, YRC, Conway. Old Dominion seems to be a great company with good equipment and pay is very good. I work for YRC which is a union company. My CPM pay is currently lower than what I could probably make at OD but I get paid for time on things that other companies do not pay and my biggest advantage is my family insurance is free. My biggest concern where I am is the retirement package. It has taken a pretty big hit over that last few years. Problem is with the things that are going on in the political world I'm not sure how safe retirement is anyplace right now. Thats one reason I mention maybe staying put and investing on your own. I will be getting raises over the next few years that if all goes as planned I will take that money and invest on my own for retirement.

If I had 12 years experience it would be very hard for me to move to another company that would be paying me less.

Just my oppinion.

Woody

LTL:

Less Than Truckload

Refers to carriers that make a lot of smaller pickups and deliveries for multiple customers as opposed to hauling one big load of freight for one customer. This type of hauling is normally done by companies with terminals scattered throughout the country where freight is sorted before being moved on to its destination.

LTL carriers include:

  • FedEx Freight
  • Con-way
  • YRC Freight
  • UPS
  • Old Dominion
  • Estes
  • Yellow-Roadway
  • ABF Freight
  • R+L Carrier

Line Haul:

Linehaul drivers will normally run loads from terminal to terminal for LTL (Less than Truckload) companies.

LTL (Less Than Truckload) carriers will have Linehaul drivers and P&D drivers. The P&D drivers will deliver loads locally from the terminal and pick up loads returning them to the terminal. Linehaul drivers will then run truckloads from terminal to terminal.

CPM:

Cents Per Mile

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

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Choosing A Trucking Company
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