good company to be a L/O?

I have to tell you that after all of my expenses and that includes taking out $.15/mi for my escrow (my choice, not the company's), I do quite well. I am getting ready to end my 4 year lease the end of this month and picking up my 2nd truck the 2nd of April. I only run about 2800 miles per week and net after all expenses about $1200-$1300, and that is after about $450 in escrow. Now our escrow is our money to use how we want and when we want.

 

A mega carrier. Swift. Do not believe all that you read about them. Go to their forum and you can find much from some of us that are L/O and have been for some time and are doing quite well. Their only draw back before you go L/O is that you need to be a company driver for at least 4 weeks and avg 2500/mi per week to make sure that you can handle it. This also allows you to have your security deposit come out in 15 weekly installments instead of all up front. Payments might be a little high for some, but the miles and money is there. Heck, I fly overseas every 4-5 months for 2 weeks and use my escrow to cover the payment while gone.

 

What kind of freight do you want to pull?

 

Sorry. I forgot. The new pay scale that went into affect. The FSC right now is actually about .$13/mi on loaded and empty. I am on the old pay scale still and not changing over. The new pay scale only helps if you run lots of mt miles. Then I think it is $1.03/mi plus fsc and $1.07/mi and FSC, mt and ldd. Those payments are a little high. I think that she was including everything in it. Right now with everything my payment is $702, and everything I mean ins, comp, and some other items. My payment is going up $100 on the new T-680 I pick up in 2 weeks. Still over all, I am happy. As far as fuel, I can fuel anywhere that takes Comdata, and I have found fuel out there with a application that at times has saved me up to $.40/gal, and that is in CA and even OH and IL. Since you are in SC I hope that you are talking to the IEL lady in Greer. She is really nice and decent and does not lie to you. Her name is Ramona

 

I'm at Schneider, they won't care about your credit and offer a lease for even just one lease with zero down.
Paid on % and you pick your load off a load board with thousands of loads.

None of that SCAM per mile BS.

I've averaging over $2 a mile this week doing short runs. For example my last load was from Milwaukee, WI to Champaign, IL and it paid $512 to the truck.
No way I'd do $1 plus fuel anything... % and picking your own loads is the way to go.

 

Who cares what the discount is. That fsc is so low it's disgusting! Is should be minimum .27 but really in the mid .30's. Don't get me wrong there are people that are surviving there but my goal isn't to survive is to make money.

I'm not gonna give advice on which company because if you're smart you can survive anywhere. If not you will fail at the best company out there.