Prime INC Lease/Owner trainers .. where you at?

Yes but a hot load going into a crappy area isn't so hot anymore. Knowing where your going and being sure of getting something out is key. 1.50 for fb sounds very low, what's the reefer side averaging?
I will go anywhere aslong as the load pays me 1.70+ or long miles, and aslong as the area im going to is good coming out. Leasing is a huge learning process but I'm enjoying it very much at my company

 

If you come in there with 23 years experience, if you decide to do a lease how long do you have to be there before you can become a trainer? just wondering for future reference...

 

Like everyone... 90 days. No tickets or accidents, 100% on-time.

 

Are they still doing the straight lease for 3 years then you can get into a L/P? So it would take me 6 years to own a truck through prime? I've read your thread IP in the prime section and very good info throughout that whole thing. Prime would appeal to me just because you can pay on a truck for 3 years then own it, but from the sounds a straight lease you have to pay maintence? I'm doing a similar program with my company just leasing, but I don't have to pay for any tires or any maintence

 

Maintenance is primarily covered by manufacturers warranties. There are limitations... stuff that wears out, PMs, consumables are on your dime. It also doesn't cover abuse. By far, Freightliner and Detroit do the best job of standing behind their products, and when maintained properly, the Cascadia and DD15 are the most reliable tractors in the fleet.

You fund a tire escrow account at 4.5-CPM, I believe that hasn't changed. All tire expenses are deducted from it. You fund a mileage charge at 1.5-CPM to cover repairs when you turn the truck in. If you complete the lease you get the balance of the escrow accounts after reconciliation. My payout on a 3-year lease completion was just under $10,000.

Prime recommends that you fund an "emergency account." Its interest-bearing and completely under your control. For the majority of my 3-year lease I put away $100 per week. I paid all of my maintenance via warranty and out of current revenue so my emergency account was intact at lease end. I saved about $15,000 via this.

I used $7,000 as a down payment on my tractor. Its purchase price was about $10,000 under equivalent '09 Cascadias that had 100,000+ more miles on them in TruckPaper. I intend on paying it off at 20 months into a 24-month note.

 

With my company I get 79% all broker frieght and no force dispatch, my dispatcher calls me and tells me a load and asks if I want it, I've been playing in the NE for this past week and my loads have been averageing 2.65-2.85 which isn't bad, I've been making great money here's the thing IP my companys LEASE PURCHASE is pricey, for example, a 2010 prostar (cummins) 400,000+ 500.00 a week for 3 years, after the last payment is made the truck is yours, so I'm paying 70k+ for a 42k truck, and I don't want a prostar, my boss has given me the option to go to a dealer and pick a truck i would like im just worried about payments on a newer truck VS just saving my own cash and lease through lone mountain I already have 4k saved and I could make prime work if it wasn't 6 years to pay off a truck.
Ive read a lot of your thread IP and a big thing you talk about is MPG being a huge factor for making more cash, I've been running my truck 70-75 and I'm still at 7.1 if I'm going through hills more like 6.8
But I don't like the idea of driving that slow in order to make a good check, is it possible to make money while running at say 65 for example?

 

Sure, rule of thumb is you'll gain 0.1 mpg for every mph you slow down on the average.

BTW... I'm not force dispatched either. What's your gross per mile for all miles loaded AND empty if I may ask?

 

As in what am I making per mile after payments? Because I'm paid % every load would be diffrent but since I've been leasing I haven't had a load under 1.50, and my highest was 4.24 for 374 miles.. I haven't seen anything that high again but my average is anywhere from 1.90-2.50 just depends what part of the country im at.

 

GROSS REVENUE = all income, linehaul, fuel surcharge, accessorials... Everything.

ALL MILES = all loaded miles and all empty miles.

Gross revenue per mile is one number...