How can I trust my settlement docs?

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by BCHines, Sep 28, 2010.

  1. BCHines

    BCHines Bobtail Member

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    Aug 16, 2010
    Boston, MA
    0
    Hello,
    I hope someone can help me here. I get a mixed bag each week from the carrier that I have signed on with - don't ask who the carrier is please. I'm not the truck driver - just the truck owner. Can settlement info be doctored easily in the carrier's favor? Can a carrier make money on the fuel purchases(they buy it - I pay for it)? Is there an easy way to tell if the data is not correct if you're not actually doing the driving yourself? I would expect a truck with a 53' trailer should be able to generate $4-5K per week gross without problems. Am I wrong or just unreasonable or stupid?

    This deal is based mostly on trust on my end - and it's running out. :biggrin_255:


    thanks,
    Brian
     
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  3. stranger

    stranger Road Train Member

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    Oct 10, 2006
    NC
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    I'm afraid you would expect wrong. If you are paid mileage, the odds are very much against this. Even paid percenage, that amount of take home to the truck would be very hard with a dry van. Let's assume you get 75% of the freight. You are lucky and get dispatched 3000 miles a week, and the freight averages $1.50 per mile, which in many cases is high for dry freight. 3000 X 1.50 = $4500.00.... You get 75% of $4500.00, which equals $3375.00. I would expect this to be a very good week in most cases leased on with someone.

    Without more information as to how you are paid, and exactly what type freight, and who is paying for tags, cargo ins, fuel taxes, and many other things, getting more exact is impossible. However, I feel my figures are somewhat realistic, if not on the high side. I really would think $2800.00 is more normal for a good week right now for a leased on truck.
     
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  4. stranger

    stranger Road Train Member

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    Oct 10, 2006
    NC
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    As far as settlements, if the freight rate is not on the BOL, you pretty much have to take their word for it, unless you talk to the shipper or receiver, and they happen to actually know. By law you are allowed to see all invoices for billed freight. You are within your rights to ask for this, and to be shown all paperwork. As for fuel. If you are buying at their terminal, they can charge you whatever they want unless the contract states you pay their cost. If you purchase fuel at truckstops with cash or a fuel card, you should be getting a receipt.
     
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  5. BCHines

    BCHines Bobtail Member

    21
    3
    Aug 16, 2010
    Boston, MA
    0
    Hi Stranger,

    Thanks for your reply.
     
  6. Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    May 28, 2009
    Rancho Mirage, Ca.
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    I agree with Stranger. BTW, your statements should be itemized, so you know how much you're getting and how much is going out. And your driver can steal from you too, if he knows how.
     
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  7. BCHines

    BCHines Bobtail Member

    21
    3
    Aug 16, 2010
    Boston, MA
    0
    Thanks Allow Me.

    The statements are itemized, but some weeks show more loads than others, thus less revenue. There is no way for me to know if runs were not made etc..

    I have a few questions I would like to ask you if you don't mind. I can pay you for your time. Can we talk on the phone as I am from MA and I see you ar efrom CA? My email is brian_hines2003@yahoo.com. Send me an email if you don't mind the contact and we can make arrangements on a time.

    thanks,
    Brian
     
  8. Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Sure, I'll talk with you. I'll e/mail you soon.
     
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  9. Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    I just e/mailed you, it came back as un-deliverable.....:mmad:
     
  10. BCHines

    BCHines Bobtail Member

    21
    3
    Aug 16, 2010
    Boston, MA
    0
  11. BCHines

    BCHines Bobtail Member

    21
    3
    Aug 16, 2010
    Boston, MA
    0
    maybe you copied the period at the end of the email by mistake?
     
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