The key word is "GOOD!" Years ago I too went to the Big Box company and then under advisement from an O/O friend I went to a truck specialist and they did an amended return for several years and I've never gone back!
Going to a Big Box place is like having a part time dispatcher or mechanic!
werner per diem
Discussion in 'Questions From New Drivers' started by kenworthw900, Sep 30, 2010.
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My point was that NO starting company will pay a new driver .35 cpm.
That is the rip off.
Starting driver pay has gone up less than 10 cpm in the past 19 years. The cost of living has gone up many times that amount.
The fact that starting company's do not pay a wage that reflects the work involved in the job is a joke.
Nobody should ever be paid less than .35 cpm driving a truck OTR. That was my point. I was not just talking about your company. It was a generalization.
And for those saying we need to track expenses, that is not true either.
All we need to know for perdiem is how many days we were away from our tax home for our required 10 hour break. Logs are good for that.
Then we take our deduction.
If you are on the road more than 6 months you will be able to file a schedule A. Since the perdiem deduction is so large that it will cover it. -
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That and BASIC BUSINESS MANAGEMENT Techniques!!
Remember, these companys are "completing" your training....I have seen different numbers tossed around, but they get $$ in the for of Tax credits and or Cash for EACH employee "retrain" and returned to work...so when the "newbie" quits, they make room for the next student or cash cow to make the company more $$. That and IF you went through their training, and quits early, they still make big $$ (more actually cause you pay more for the schooling), even more....so they have EXTRA REVENUE STREAMS!! Don't even get me into talking about if they get you to sign a Lease AKA "fleese", which in most cases is more of a risk sharing agreement, in which you cannot modify the truck in anyway...and with the balloon payment, they get it back 99% of the time at then end, IF the driver ever gets to the end. Those who quit early, are subsidizing the company!!
Then you factor into it that most of these company's get a FREE TEAM truck for 2 months when training....and very cheap labor to handle "cheap freight", and the newbie is working on commission for all intents and purposes...they would rather have a driver driving 1200 miles a week, hoping the economy picks up and they get busy so they can move it, than park a few trucks, and miss the rebound.
Remember, most big companys LEASE their trucks...if they are not running TONS of miles, they are in many cases not really paying a huge $$ to keep them around!! Remember...many companys claim to be "DEBT" free, but often these same company's are also ASSET free, since everything is leased....so it is possible to grow a company VERY quickly, with VERY LITTLE $$$, as long as you can get the manufacturer (which is desperate to keep the production lines running) to lease you the trucks....that and in the days of "cheap" $$, many finance's company's like GE would set up lease agreements too, often as parts of much more complex tax deals...
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