Employee owned trucking company question

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by trips74, May 27, 2023.

  1. ducnut

    ducnut Road Train Member

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    So you paid 15% in capital gains tax?

    I withdrew from my 401K and didn’t pay a 10% penalty; I only paid tax as income, since it’s deferred.
     
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  3. RockinChair

    RockinChair Road Train Member

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    The stock hadn't appreciated that much during the time I held it, so it didn't amount to very much as far as raw dollars.


    There are certain circumstances when you can take an early withdrawal without paying the penalty. I hope you weren't facing a hardship.
     
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  4. Rickp

    Rickp Heavy Load Member

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    No, i do no not consider it free money. The employee works for every cent he gets.
     
  5. bryan21384

    bryan21384 Road Train Member

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    I think PTL upped their pay, and they've improved their equipment. There's a guy on here who got over 60 cpm if I'm not mistaken. He got on with them last year I believe and doing really well there. He was getting some good miles too, so it may have changed
     
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  6. laaylor

    laaylor Road Train Member

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    They say 100% “employee owned” . We actually are owners of the company and get a percentage every year. That’s not an advertisement for line haul percentages paid out to truck “owner operators”…
     
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  7. laaylor

    laaylor Road Train Member

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    We have Great equipment. New trucks, and we are turning over our older trailers constantly with new Wabash ones from the Lafayette, Indiana plant lately…
     
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  8. 48Packard

    48Packard Ol' Two-stop Shag!

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    Be sure to thoroughly look those new trailers over. I’ve pulled more than one with issues right out of the plant in spite of the units having to go through a final inspection upon departure. Lights and even brakes. Picked up one that had already been in use several weeks that was basically missing half of one entire brake assembly.
     
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  9. laaylor

    laaylor Road Train Member

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    Yep! Your right. I just pulled 2 yesterday out of the Wabash plant. They were fine, but, they had to readjust the brakes on one.. the abs light was on.
     
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  10. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    I used to get trailers out of there some years back. Every one needed the hub oiler bolts tightened or they would be slinging oil from the get go.
     
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  11. Bumper

    Bumper Road Train Member

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    Darn perfectionists....
     
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