CAGE and Prime Inc.

CAGEtrucker - I enjoyed reading about your experience. I will be starting with Prime in June. I hope all goes well just like they did for you. Are you going to stick be a company drive or are you going to lease?

 

Wow - I'm conteplating leasing now. I'm sure I will have my mind made up by the time I get there June 26th. Thanks for info!

 

CAGE,

you took the fuel costs out, but what about the other costs for the week?? The lease payment, taxes, that fund for tires and repairs, etc? How much of the $2600 is left once you take ALL the weekly expenses out??

That is my fear with the lease, that there will not be enough left over to take care of the home expenses.

 

Do you have any experience in trucking? If that answer is "no," then do yourself a favor - go on the company side for a year or two and learn about the business first. Most of the "bad trucking company" posts about Prime are from folks who don't have a clue about how to drive a truck, let alone run a trucking business aka leasing a truck - and failed at it.

You need to be able to operate the truck efficiently. Get some business management education - there are websites dedicated to trucking business. And see if the numbers match up with what you need for a salary - oh yeah, that lease settlement check is not a paycheck... its cashflow into your business that you pay everything out of, including yourself.

 

If you manage to keep 30 cents out of every dollar a load grosses - you're doing way good. Most folks can't manage that because of a severe lead foot, advances, shiny useless metal, fancy gizmo's, etc. BTW... that 30 cents is pre-tax dollars.

 

Another question on this lease, does Prime pay the income taxes or is that your responsibility to file quarterly?