L/P assumptions are amusing

Discussion in 'Lease Purchase Trucking Forum' started by Caseli, Nov 9, 2018.

  1. nofreetime

    nofreetime Road Train Member

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    Sorry but I don't see where you told me that or I just read around it.
     
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  3. nofreetime

    nofreetime Road Train Member

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    He said "lime Dave_in_AZ" and I was thinking it's a typo *im Dave_in_AZ* I asked him to clarify, he didn't. Maybe I just misunderstood.
     
  4. Long FLD

    Long FLD Road Train Member

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    So are you Jim Palmer only? Or can you also run for Wilson Logistics on their van freight if you want to?
     
  5. tommymonza

    tommymonza Road Train Member

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    is it a Walk Away lease that you can leave with no penalty if it takes a turn for the worst?
     
  6. redfishcatcher67

    redfishcatcher67 Bobtail Member

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    [
    How long have you been with Jim Palmer Trucking (Wilson Logistics), because you stated you have been there industry for 26 years?
     
    Last edited: Nov 12, 2018
  7. gentleroger

    gentleroger Road Train Member

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    When I throw out that number it comes from the information I get from people I know in the back office who see the enterprise level data.

    The last numbers I had are from almost a year ago, so pretty dated. Our L/P drivers hauled, on average, 2,400 miles a week on $1.40 -$1.45 per mile to the truck.

    That means average gross is about $3,400.

    Subtract $1,150 for the truck payment and you are left with $2,250.

    Assume 8 mpg, they use 310 gallons of fuel, so subtract another $900 on fuel/def and we're down to $1,350. We have yet to talk about insurance, permits, maintence, or taxes.

    Our 1st year wash out rate for LP is over 50%. There are guys who do well with LP, there are those whp survive LP, but from what I have seen over the last 8 years is that LP is not a good option for most people.
     
  8. blairandgretchen

    blairandgretchen Road Train Member

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    There’s little value in these ‘hard numbers’ you’ve posted. At least, not to me. If you want me to ‘do the math’ then give me some numbers to work with.

    I use TTT numbers, all miles. Revenue per day, and % profit and loss to determine performance gain or decline.

    I post numbers here occasionally - as a running thread to help others choose a path based on facts if they so wish. After 4 years of doing so, there’s a lot of factual numbers to work with.

    I could tell you the CFO just deposited $5800 after fuel, but with $300 left on my fuel card , for 4.5 days work, but my actual paycheck was $840 gross on 2100 miles . . .

    The above numbers, though truthful - are almost worthless to anyone.

    As also is, the $1000-1200 /week for LP drivers question that started your thread.

    If you want to offer useful information on Jim Palmer /Wil-Trans and LP, then post useful information.
     
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  9. redfishcatcher67

    redfishcatcher67 Bobtail Member

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  10. redfishcatcher67

    redfishcatcher67 Bobtail Member

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    Hey ignore all the haters there just jealous because your doing well and just don't want see a LP succeed. They want the negatives on here to override the good. Congrats and keep up the success brother. Maybe I'll see you one day in my travels have sitdown with a cup joe.
     
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  11. blairandgretchen

    blairandgretchen Road Train Member

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    I’m not a hater. I do like hard facts though.
     
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  12. Pepper24

    Pepper24 Road Train Member

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    First people get $1000 to 1200 from the trucking companies that say that is what there guys are averaging.The information you posted you seem to have left out a lot of information like miles,load pay how many loads you very will could clear $3000 of 6000 miles but that would be a team truck so part of that $3000 wouldn’t belong to you.And really you can get over your self l have found that anyone who tells you they don’t lie just told you a lie
     
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