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you will have to pay workers comp on your driver
forget 7 mpg plan on 5.5 - 6
Are you sure you and your driver will be accepted by LS, meeting their requirements and getting a lease are 2 different things, they are very picky.
I couldn't tell whether they will accept us or not, but my driver does have very good work history with only three companies over 25 years, with no accidents or tickets. Also, he has driven just about anything with wheels, and just about any load there is. The only reason he's not working with someone right now is because his father which is 94 yrs old needed help about 18 months ago, and his company he was driving for was in process of being sold to westco dist. He figure it might be time for change as well. So he hung it up to help out. But now is ready for one last go. He's a easy going common sense kinda guy with smarts in trucking. I actually got about 5 drivers lined up for a trucks, that are close friends of mine that I could truck with a 100k truck like it there own. Originally Posted by Heavy Duty
Several things the LS deduct for escrow and tags does not last all yearyou will have to pay workers comp on your driver
forget 7 mpg plan on 5.5 - 6
Are you sure you and your driver will be accepted by LS, meeting their requirements and getting a lease are 2 different things, they are very picky.
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.