Leasing at Prime

Crazy crazy crazy

 

Gotta be unique hee if they let me I want a tombstone with a daisy and a dead looking arm punching through the earth with the devil horns aka fist with index and pinky sticking up.

 

Hi, I'm Chris. I've been driving for 6 years including over the road, oilfields, dirt work ect. I've been researching different lease programs and looking at prime. Seems like a good deal if you know what your doing. If I lease a truck will it be marked with prime logos? Or can I run my own if wanted?

 

Prime logo, but you can also have your brand on there. Many of us do.

 

Alright I pretty much figured prime would have theirs, looking at getting my own authority down the line.

 

220$ is what iv been told.

 

I've been following this thread for a couple of months since deciding to come to work with Prime a month and a half ago. I know that many advise against leasing right out of the gate, but given my past business experience of managing a 170 seat call center as well as running my own small business in the 1990's, I feel that I am up to the task of being a successful lease operator.

Currently I am training with a lease operator who has been doing it for 3 years and is doing well by his own admission, but he is young and is not tracking his revenue and expenses at all. I'm suprised that he has veen successful since he has no idea where his money goes, but he is somehow. Prior to him I was paired with a company driver who was a complete and total idiot. I'm glad I'm off that truck and with a lease operator so I can see this side of the business.

Since getting on a lease truck last week I've begun to analyze the business end of things and have developed a couple of spreadsheets to easily derive a rough estimate of revenue. I was also provided with a spreadsheet from my dispatcher titled "Estimated Earnings Report" that appears to be a Prime document which calculates weekly earnings.

While these tools are an OK start, I'd like to get some feedback from the successful lease operators on here as to what business tools you use. Can anyone make recommendations for good accounting software or shed some light on the methods that you use? I'd like to get a comprehensive plan in place while I'm training in order to truly analyze the data so that I can make an informed decision about going lease.

Also, can anyone tell me what the acronyms "STPA" and "OULU" stand for? These are located in the revenue section of the spreadsheet my dispatcher provided me with and I cannot seem to figure out what they stand for.

Thanks in advance for any feedback,
Joe

 

Unless you're planning on training, I wouldn't use your trainer as an example. Ask him to see his settlements when he's running solo to get some real world numbers.