FCC--Fremont Contract Carriers

Here's some of the info I got about LP yesterday. All of the pay, fuel discounts, and expenses are the same if you bring your own truck to FCC.

• 3.5yr term
• Pay 10% of the value of the truck to own it after the lease
• $1000 deposit
• $620/wk truck payment
• $1.07-$1.29 per mile loaded
• $0.29 per mile fuel surcharge (currently)
• $0.92 per mile empty
• You get 75% of detention pay that FCC gets from the customer
• $0.01 per mile quarterly bonus
• New drive tires at beginning of lease
• $284/ mo estimated insurance
• $19/mo prepass
• $12/wk Qualcomm rental
• $32/mo bobtail insurance
• I also wrote down a $140/mo payment and a $28/wk payment and I don't remember what they were for, but it is part of your expenses nonetheless.
• Use their EFS card to fuel and it comes out of your settlement every week
• On average your fuel discount will be about $0.45 off per gallon
• Extended warranty included and starts at 500k miles.

They only have Freightliner Cascadias available for lease at the moment, but they did say they could have peterbilt and Kenworth trucks available for lease in the future. They're previous company trucks with about 250k miles and none of our peterbilt/Kenworth company trucks have that many miles yet. They did say the payments could be higher for those, so that's something to consider.

I didn't write down all the info, so I may have left some stuff out.

Edit for additional info: total fixed costs add up to about $800 per week. You are also required to put $0.10 per mile into a maintenance account

 

What exactly do you mean by fixed costs? Is that insurance, prepass, Qualcomm etc?

Also yes, I figured paying your taxes was a given. You're on 1099 right?

 

Ah, okay. That makes sense because if you add up everything I listed it's $779 a week.

 

So these are not new tractors?
But used company with 250k in them?

 

Are you using an excel spreadsheet for tracking your data or is it a special financial program?