I have been running the numbers for O/O again, I seem to look at this every 2-3 years. After figuring in the 2290 tax, fuel at 7 mpg requiring a 58 mph, insurance and maintenance, I can only squeeze a 45cpm profit out of the truck, that's with a $1300/mo truck pymnt. Since I make 47 cpm and would need 50 cpm to cover the extra 7.15% for my half of the self employment/social security tax that would drop the profit down to 42 cpm making a 5 cpm loss in pay, in order to own my own truck. If I were to do it I would stay with Crete, with the pay cut for the three years it took to pay off the truck then move over to Landstar. Since we are cash flowing our daughter through College, I believe I will stay put and perhaps look into this venture in another 2-3 years.
CRETE - A Year in Review
Discussion in 'Discuss Your Favorite Trucking Company Here' started by evertruckerr, Jan 11, 2008.
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semicomputing Light Load Member
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Not all of Crete's employees live in Nebraska. -
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jdrentzjr Thanks this.
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Ralph4159 Thanks this.
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Thank you so much for answering all of my questions and everyone else's. I know your time is valuable and I really appreciate it.
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Not true. Employees are protected and governed by the laws of the state they live in. Crete chooses to hire out of state employees. Think about it. Crete employees that live in TX, FL, NV and a few others pay no state income taxes. The ones that live in NE do. If you have a labor dispute, you take it up with the labor board in your state. -
I know with workers comp claims, it is the state for which the employee is a resident. When I was hurt in PA, my lawyer said any of the three states could take jurisdiction(PA where I was hurt, NE where Crete's workers comp filings and coverage payments are made, and FL where I live). When FL took jurisdiction, I was screwed. Not sure if the employment laws are governed the same way or not.
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