Stepping Out With My Own Numbers

Discussion in 'Ask An Owner Operator' started by Misesian, May 16, 2017.

  1. 98 star car

    98 star car Light Load Member

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    That's what insurance is for. Lawyers can help negotiate along with the insurance company. The other guys insurance will always low ball the offer for repair etc.

    Been down that road when my wife was hit. Medical bills etc and the initial offer from the insurance company didn't even cover it all. Once we retained a lawyer all of the sudden the second offer doubled without any negotiating.

    The goal of insurance companies is to always assume the payee is nieve and offer the least amount possible.

    I'm not saying go all Johnny Cochran on that ### but it certainly creates leverage.
     
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  3. Tug Toy

    Tug Toy Road Train Member

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    Bad news for sure but your talking about it so that’s a good sign.
    You the Nissan or the caddie? Hope he had insurance?

    better your street ride than your work truck?
    Hope you feel ok in the morning still?
     
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  4. Misesian

    Misesian Road Train Member

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    I was in the Nissan. He did have insurance. I’m fine. My neck was a little stiff but feels normal now. The collision shop will start their process Monday and see if it can be fixed. Not sure the extent of the damage yet.
     
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  5. xlsdraw

    xlsdraw Road Train Member

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    Nice thread. Do you mind sharing a little information on how collections have gone for you? Average wait time to get paid? Been stiffed much or at all? Everybody's check been good? Having to lean on or chase after anybody to get paid? I haven't noticed you addressing this part of your experience so far. Thanks. And I'm glad you walked away from that drunk driver encounter. Too many people don't.
     
  6. Misesian

    Misesian Road Train Member

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    I don’t factor and just use standard pay terms. Most places are paying within 35 days. Many time by 21 days. I’ve only had a couple stretch out to 40 something days and one took me 3 months. They kept losing my invoice. I finally got it though. I use Tailwind TMS to do all my invoicing and keep track of them. Makes it a lot simpler.
     
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  7. Misesian

    Misesian Road Train Member

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    Leaving out tomorrow. My pickup arrived at the collision center, so I’ll let them do their thing.
    I had another late check come in. A broker I pull for was working for Rains and Sons out of Perkins, OK. They’re no longer in business and Western Flyer bought them out. He migrated over to Western Flyer and my check finally arrived, a hair over 14k. Rains got a little too spendy and ran out of cash. This check was from 3 months ago. He made sure I got paid.
    Got a short run tomorrow from OK to Memphis area to get things rolling.
    My reefer and trailer had some small annoyances to get taken care of and the truck needed it’s Federal annual. Got the new tires on and ready to roll.

    904EC4A9-D0DF-45D5-95F9-4AB4DA99E4BB.jpeg
     
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  8. Siinman

    Siinman Road Train Member

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    How many miles did you get out of the last set of tires?
     
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  9. Misesian

    Misesian Road Train Member

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    160,000 on the powered axle. Dead axle is still going strong. I have these high traction tires on here now. Those should last longer. The previous were a typical low rolling resistance tire.
     
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  10. RStewart

    RStewart Road Train Member

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    That's interesting. I just pulled a load for Rains and Sons a few months ago. Didn't know they were in bad shape. They had some good contract freight.
     
  11. TallJoe

    TallJoe Road Train Member

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    160 k is not much. I'd be surprised if that lower rolling resistance justified such a short lifespan.
     
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