F2F Transport / Farm2Fleet: My story with no happy end...
Discussion in 'Ask An Owner Operator' started by mp4694330, Jun 9, 2016.
Page 27 of 63
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Last edited by a moderator: Jun 29, 2016
Reason for edit: Removed attachment that contained peoples real names.whoopNride, boom192, scottlav46 and 4 others Thank this. -
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This particular driver that 'agreed' to taking $1000 per week so "others could get caught up" Was a Rich man?
Was he driving Caddy's and Smoking Big Cigars? -
boom192 said: ↑Exactly. NoCoCraig was very defensive last September when I first blew the whistle on Farm2Fleet's cash flow problem. It still cracks me up that they were saying Farm2Fleet didn't have a cash flow problem while admitting their settlements were late and they had to contact F2F to get paid. My absolute favorite is when Scott Deen goes from "Never once" to "90 percent of the time" to "a few weeks in the past 13 months".
AND PLEASE CAN WE STOP THE PATHETIC REASON THAT BILL HAD CASH FLOW PROBLEMS BECAUSE HE IS TOO NICE, HE SPENT MONEY THAT WASN'T HIS; IT BELONGED TO OWNER OPS!!! THIS IS FRAUD OR THEFT!!!Click to expand...Last edited by a moderator: Jun 29, 2016
Reason for edit: Removed attachment that contained peoples real names. -
sonic50 said: ↑I love how you post PM. one day your going get your ### beatClick to expand...
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sonic50 said: ↑I love how you post PM. one day your going get your ### beatClick to expand...haycarter, Terry270, double yellow and 2 others Thank this.
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My contract was 89% if paid weekly or 92% if I waited on the checks to come in. That last part was actually in violation in leasing regs and they did away with that one. There are probably only a couple of drivers left there under an 87%-90% contract similar to how mine was. I fell for the whole higher percentage thing not knowing anything about it all. But it did work out OK and I made the best of it. The contracts now are different and all at 80% or maybe even 76%. Who knows? With all of the expensive insurance charge backs and the TN IRP that cost $50 a week for 52 weeks (for a plate that only costs $1,300) it's probably closer to 75% or less.
When I first started out I was waiting for my 92%. I did that for over a year. But I had loads from companies like CHR, Landstar, and TQL that were 60 and some up to 80 days not paid.... and I know these places pay like clockwork when paperwork is in order. My paperwork was and is ALWAYS in order. So I had a little over $40,000 outstanding with them at one time and that was a little nerve wracking. What a fool I was. I had to hound for that to get paid too. I decided enough was enough with that and I had I better get on the 89% weekly pay plan. Which I did. They either put the squeeze on to push me to a lower cut or it was just a sign of the mismanagement to come. For me that was the first reality check and crack in the foundation.Last edited: Jun 29, 2016
Grijon, wore out, whoopNride and 11 others Thank this. -
87% to 89% is about right, I've been offered 90% from someone who I trust, for a deal I believe is identical to the F2F structure. The compensation schedule is within 72 business hours of receiving a signed POD. IMHO an O/O needs to be in this range if they are also responsible for procuring their own freight. Also, imho, an O/O needs to be in a niche, as general freight is just too volatile to be relied upon exclusively. The spot market is feast or famine. I'll take a lower percentage with a solid specialized customer base over the spot market as it is dramatically less time spent working the phone, and the rates are always solid. If an O/O can get a deal at 80%, (85% with own trailer), working specialized, I think that is as good as it gets, short of obtaining authority. (And I actually think I'm better off at those rates, than if I was running my own authority)
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20% off the top is just way too much to give up if you're responsible for obtaining your own income stream.
Now, I can only guess at what happened over at F2F, but a good guess would be poor decisions regarding O/O "partners". Other than that, what else could it have been? Embezzlement perhaps? -
trees said: ↑20% off the top is just way too much to give up if you're responsible for obtaining your own income stream.
Now, I can only guess at what happened over at F2F, but a good guess would be poor decisions regarding O/O "partners". Other than that, what else could it have been? Embezzlement perhaps?Click to expand... -
Thank you for your honestly. Perhaps a few can learn a little about human nature from the misfortune of others.
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