My First
#11
09-03-2010, 02:49 AM
Where you run and are based is also a factor in calculating insurance rates. I do have a very good rate compared to many in this business. In fact, the company that I am with raised my rates 30% a couple of years ago and was going to hit me with another 25% last year due to driver turnover. I fired them, found a different agent and they came back with a much better rate. I actually received a small reduction this year when I renewed. With collision I pay about $4,200/year. I believe my cargo and liability alone runs about $3,700/year. I will need to check my policy for the exact figure. My rate is about where it was 3 or 4 years ago. It got up to about where yours is for one year. I believe that Great West did come back this year with a premium about what you are paying. One company came back with a premium of over $9,000. I have essentially had the same insurance company for a number of years and have never had a claim or moving violation. I also have had a good safety score. It is all a factor. It also pays to check around. Rates can vary widely.
#12
09-03-2010, 03:38 AM
He was proving the point that the rates aren't that much better than the $.90/mile crowd...direct comparison.
#14
09-04-2010, 05:41 PM
If you're referring to Interstate Distributors out of Tacoma... they pretty much quit paying their contract carriers two months ago.
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#15
09-05-2010, 01:31 AM
doesn't forward air have a deal where you can pull their trailer with your own authorty? i have been noticing quite a few trucks running their own numbers with no faf markings pulling faf trailers.
#16
09-05-2010, 03:29 PM
It is a pretty sweet deal for the brokering carrier. They furnish a trailer and freight. The contracted carrier furnishes the truck, insurance, fuel and cartage insurance for the brokering carriers trailer. I would expect that if the IRS is successful in forcing carriers to consider owner operators as employees that more will take this route to avoid the additional taxes.
#17
09-05-2010, 03:36 PM
I think that it was Interstate Distributors who lost the lawsuit about taking taxes out on owner operators. The government won the suit but will lose a lot of future taxes if they go out of business. I hope those who participated in the lawsuit enjoy their unemployment checks.
#18
09-05-2010, 04:04 PM
I think that it was Interstate Distributors who lost the lawsuit about taking taxes out on owner operators. The government won the suit but will lose a lot of future taxes if they go out of business. I hope those who participated in the lawsuit enjoy their unemployment checks.
As far as I know, their employees are still receiving regular paychecks, but of course state labor law protects them where it could care less about the contract carriers. I really don't know if the cash flow issues have anything to do with the lawsuit filed in 2008, nor do I have any idea as to the status of said suit.
__________________
"The Breakfast of Champions isn't cereal, it's the competition!" - "Success is how high you bounce when you hit bottom." - "An appeaser is one who feeds a crocodile, hoping it will eat him last."
#19
09-05-2010, 04:05 PM
oh yeah, you've been at this a lot longer than me, you should have better rates. I wasn't doubting your figures, just posting mine since my renewal is sitting right next to me.............. at this very moment................ staring at me............... relentlessly. :cry: :lol:
#20
09-05-2010, 04:09 PM
I know they were among a few Washington based companies who were being sued in a class action lawsuit involving mileage based drivers demanding overtime pay. That was in 2008 and I haven't seen anything new about it since. They have been having liquidity issues this year as many other business have, and recently completely stopped paying all or some of their "contract carriers."
As far as I know, their employees are still receiving regular paychecks, but of course state labor law protects them where it could care less about the contract carriers. I really don't know if the cash flow issues have anything to do with the lawsuit filed in 2008, nor do I have any idea as to the status of said suit. Thanks for clearing that up. I didn't recall exactly what the suit was about. I still can't believe that the courts ruled in behalf of the plaintiffs in this case. I don't see how any company could afford to pay a lawsuit such as that. |
