12 Week Numbers on New Lease

Crazy is you think that is your net

 

Of course. If you did provide your own health insurance, 401k, paid vacations, holiday pay, sick leave pay, etc., how much do you think that would cost and have to be deducted from your $0.75 per mile "net"? Don't forget the SE tax rate. Deduct those costs from the $0.75 per mile "bank" and you'll see what I mean about that $0.75 a mile being nothing more and in some cases less than what a good company guy makes. Yet, you're assuming ALL the liability!

Not to mention, the cost you could potentially incur if you had an accident with the truck. Of course you have insurance through Prime you are paying, but what is the deductible for damage to the truck, trailer and cargo? Do you have a contingency for that?

How about downtime? Could you withstand 30, 60, 90 days of downtime?

I understand you have a warrantied truck. However, trucks are not fully warrantied for every single thing for the life of the warranty. Could you afford to cover a $2,500 bill and two or three days loss revenue? How about a week to 10 days loss revenue?

Perhaps your expense sheet includes a mileage maintenance deduction, enough to cover you for these potential expenses, I don't know.

There are other considerations, however, there's no need for me to further elaborate. I don't want to seem to be piling on.

I will say this lastly, whatever those recruiters are putting in your guys water in orientation over there at Prime, must be awful strong, because some of you seem willing to defend their program to the death

 

I figured out a while ago that you cant talk sense into some fools. Old dominion is paying what? something like 65 cpm plus full benefits to employee drivers.

 

I figured I'd at least try