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I'm working with Terry Briggs recruiter for LS (RANGER), and a couple of leased on drivers and brokers for LS, of which I'm using for references and advise. The one thing I keep hearing from the drivers is don't pull Van, it don't pay ****, and know what your truck cost you per mile. I got to ask you though , what is your average worker comp insurance fee ? My quote for cpp was 198.00 month, and truck insurance at 248.00 month. And also taxes per quarter on average ? I know there deductions stop at certain periods and that will be great when they do go away after about 18 weeks, but its better than me coming up with my plates at 1800 bucks up front , I all ready have so many other expenses (15k) out of pocket to start. If me and my driver are accepted that would be a great thing knowing that they only accept about 1 out of every 10 applicants. Being leased on with LS has so many other advantages. Money is guaranteed to be there,being number one. Save on insurance cost, repair cost and tires at small or large discount, gas program, no cost pm, and being able to see loads before they get kicked down to there broker board, versus me getting my own authority and operating with LS broker services. Where they rip u pretty good. If I don't get accepted by LS I will try CRST Malone, also have about the same ratios of line haul at 73% for step/flat loads and I heard the new load board is holding it's own with LS's load board. I haven't done my mpg at 5.5 or 6 yet, as it takes a couple hours to do. But when I get done with it i will post on here. Also, I will increase maintenance to 1k per month and driver pay to 1k per week, just to see what happens based on 2000,2500,3000,3500, and 4000 miles per week. Also the truck I'm buying has nothing to do with the mechanic I talked to about putting 1k per month away, he was just saying for worse case scenario. This mechanic actually owns a trucking company (quality carriers), repair shop, and a couple things. My main thing I have working for me is I don't need the truck to pay my personnel bills (mortgage,car,ect.) All if any profit is going to stay in my business account, and used only on things pertaining to the truck. And possible 2nd truck down payment, or purchase. I would rather keep the money there for peace of mind. You never know whats going to come up or go down.. Thanks again guys for your input, Wheelturner firebird and heavy duty are u guys leased on to LS ? If so how long ? Are the loads there ? How is the dispatching starting out ? Do u have to negotiate every load even if your in the plus ? If u were able to have any of these trailers (53' SD steel/wood with container locks for 10k- 50' SD combo w/container locks, weight scale,for 22,5k-48' SD combo for 14k-48' flat for 7k) which would u run with ? from 2002 to 2006 models. |
i'm not. i'm still a company driver thats going to make the switch when/if the right work comes up. my whole family has been in trucking since they came off the boat before ww1.
whoever told you pulling a van/reefer in fl dont pay is on drugs. the problem is getting out of fl. my friend runs 2-3 days a week going up to atlanta from so. fl and doing great. i called chr the other day and they told me the same thing. after july nothing goes out of so. fl but coming back in pays great. |
What's the reason for doing this venture?
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I need to build a business portfolio with up to 2 yrs experience for local dump truck business that I originally was going to start. But, need 2 yrs verifiable business to be eligible for a minority business in county I reside in. A very good friend of mine works for the county economics department where they screen companies to become eligible to bid on county wide hauling for minority owned business. So have upper hand when eligible. I have another friend that is a prime at a county and state level that has to contract out portions of projects for the state and county to a minority owned business in order to be eligible as a prime. A prime is a engineering or construction company that is very large that generally doesn't work on anything short of building new highways, environmental clean up, and basically anything with a lot of money involved that they then bid on against other big construction companies at local and state level, but the catch is that they basically have to if they get the contract have to sub contract out a percentage to minority owned business. My trucking company that I'm starting a stepping stone, to bigger things. I could go and buy a dump truck and beg for work locally but nobody is going to just hire one truck, when they can hire multiple to get the job done on schedule, plus those dump trucks cost just as much as the rigs I'm looking at. I need to play it safe with live load boards where I can actually see the work. After two yrs is up, if trucking company is making profit worth staying in, so be it. I 'll be here to stay, or use my rig for RGN for these construction companies to haul there heavy equipment regionally. Who knows, the only way to find out is to jump in the damn pool and see if ya like it....:lol: |
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If you are going to buy a step deck then I would recommend that you get one with at least 40' on the lower deck. That will enable you to haul a loaded 40' container without any difficulty. Container locks are great when you have a container. They do add some weight and take away some flexibility on where you can put your straps and winches. Many people fail trying to run the Landstar system. I think part of the reason is that some are accustomed to having a dispatcher and don't allow for the learning curve. It usually takes about 6 months to learn how their system works. I know of owners who have done well and others who have failed running their system. No matter which direction you finally decide on going, it will take time to get accustomed to their system. Each carrier is a little different. I think that you are also underestimating the time you will need to spend finding good paying loads. The better ones usually don't make the loadboard and when some do they are usually gone very quickly. It takes time to keep your nose glued to a computer screen and your ear to a telephone calling about loads. |
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You're going to hire a driver and make no allowance in your budget for workman's comp or bennies? Most banks experienced in business lending are going to see that as an omission indicative of unpreparedness. You can talk around the bennies (I know drivers work for peanuts in FL) but no getting around the workman's comp.
When you're going to the bank, you can inflate your numbers. What they're looking for is a reason to accept or deny you. A solid pro forma with numbers that pencil out is what they're looking for. They won't know if those numbers are 10-15% off. |
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