Time for Prime.....

Steve and Lo I have done as you asked. I have read your post from beginning to end. I have some questions for you though.
1. You said the company insurance was too expensive I believe and were going to get "cheaper" insurance elsewhere. Have you secured your insurance yet and how much is it? (I know a few posts mentioned they do not figure in medical, dental, vision, disability, aflac, etc insurance into their "operating expenses" and call this a "choice." I know as a company driver that these benefits are customary and employees get all these at a considerable discount "if" I ever thought of getting into a lease again I would choose to cover myself with as much insurance as possible (personal choice I know) and wanted to know what these coverages are actually costing now a days.
2. How much are you paying for your workers comp?
3. Does prime pay for your plates and permits or are they "pro-rated" out of your settlement?
4. Who files and pays for your road use tax and fuel tax? how about the 2290?
5. How much is Prime charging for qualcomm, prepass, toll cards etc?
6. I see you listing the miles for each trip and the "pay" for said trip. Are you reporting "all" the miles you are driving? Variances on each load should be anywhere from 2% to 10% depending upon the routes you drove. It would truly be interesting to see you re-calculate your average cpm with the above parameter figured in.
7. Have you contacted a cpa to begin your estimated quarterly tax payments?
8. Have you encountered any "hidden fees" such as trailer rental, preload fees, drop fees, etc?
9. How much is the bobtail insurance, unladen insurance, and liability insurance?

I applaud your ambition but from my number crunching a company driver does indeed get a better deal with all the bennies figured in; vacation, paid personal days, paid sick days, paid holidays, break down pay, 401k contributions or pension, and half price on all the aforementioned "insurances." As well as no worries for paying for breakdowns.

 

Steve and Lo, thanks for the thread! As a new driver I really like getting information first hand from those doing it. I still need to go back and read all your pages in order from begining to end. I think I have read most, just not necessarily in order. Having started a thread for my new(read first) company, I only wish you,and Broncrider, hadn't set the bar so high on good threads!

 

Are the Prime lease trucks brand new or used ? Color choices ?

 

Congrats on being "promoted" to grandparents!!