Eagle Logistics Services. Indianapolis, IN

No arguement, completely a factual statement.

I wonder if OOIDA has a statement to the effect of... "when considering purchasing a vehicle on a payment plan, at any time you can be injured and unable to make your payments. The vehicle will be repossed and you will loose your investment including your downpayment."

I like to be fair.

 

For EO ...here's the problem ...it's not just revenues ... it's the expenses. $440 a week is almost 5 times what I'm paying and my actual revenue per paid mile to the truck is $1.39 ytd. My average take home after taxes is $1500 per working week.

Here's Eagles rub ... With a weekly income of $1000 and fixed expenses north of $1200, home time is nothing more than a pipe dream.

Quite frankly I've seen Eagles lease model before... it's the same one CRE uses and Eagle is on the fast track to the same reputation.

 

Eagle Ops, I guarantee you Quality is making 100% more on the lease than a regular finance comany (as they should for the risk their taking) + the 25% cut on loads, which sound high if their taking a cut of the FSC + accessorials (which amazes me).

What makes FR8 angry is the fact that, as others can attest, he's being offered cheap freight consistently. Also the 1k comment didn't help.
People on a lease purchase are getting a break on a down payment + bad credit BUT the cost is the excess finance charges + lack of freedom to choose who to pull for ( as well as other additional costs).

Don't for one minute think Quality, Eagle or Celadon are doing this for no profit....neither are the L/P.....(profit not salary)

But I do agree with you on one thing, some people who lease would be better served by doing more research on the company their about to lease on to, BEFORE, signing on the dotted line....

 

Never quite understood that argument against LP either!!!

 

WTF is with all this "average" talk used as some basis?
Aim higher than average and say no to cheap freight!
Plus simply staying in good regions is an easy way to keep rates up.
Shorter loads pay more but I guess dealing with more brokers and live load/unloads there make it not as appealing.
I won't even roll out of bed for $1.20 to the truck unless it's taking me to an amazing paying load.

 

Yes and notice @EagleOps keeps repeatedly saying fixed costs are only 6-800 ......1050-1500 is more like it dry van on the low end reefer on the high end plus maintenance account and the support of a 12% operation and working with cheap brokers but yeah he doesn't address that...only keeps repeating its 6-800...it's far higher,double in some cases and without the support or rates to to pay for it

 

Look I struggle to answer your reply here honestly u are right...I'm out of line but with reason...in fact same reasons U stated with your experience IN THE INDUSTRY but here's where also it's frustrating....EAGLE OPS has only a few months in this field,and he said so himself a few months ago,if he's like others I experienced there this is one of his first jobs,real job and while he speaks from a financial perspective and it's easy for him to point out failures from operators and see Eagles program as so beneficial from a totally rational and business perspective but, im sorry he falls short in practical experience so it does come off as lecturing from an ivory tower also it's insulting for the same reasons....and maybe im the only one that feels that...being told its your fault as operators.....and listening to the company spin machine recruiting and marketing and it falls well short of what's advertised,its frustrating..my problem...yeah I guess so..obviously I'm frustrated ...but also U don't work here either...know the internals..so easy for u as an outsider to possibly criticize ...so while here I try to counter the spin warn drivers unless well experienced in trucking,lease purchase,have operating capital,like or know how to book your own freight....and have a family depending on U...don't come here despite what eagle tells u or more likely what u want to believe...it's a frustrating thing to have a good week and hear your 22-25 year old ops mgr complain about his check coz he compares it without realizing maybe it's becoz of my experience,age and years in the business that I can do that...yet he controls to a degree your income...while telling u to take that 500 dollar CHR load coz it's easiest for him! So while a lot of what u say is true...it's from an outsider! U aren't here...but good luck to you and all u do

 

I'll look at my contract to see if operators OWN THE TRUCK AT THE END OF five years as eagleops likes to say or if it's like most U just have a ballon payment to finance yet again....that's why I don't try to own the truck....

 

Agreed on the FSC and accessorials part for sure. The Operator is paying 100% of the fuel, I cant quite understand the justification for the company claiming 25% of it. The last company I pulled for, and where my second truck is still leased to, automatically calculates FCS and deducts that from the rate before taking their 25%. All accessorials are forwarded in full as well.

I get FR8's frustration, I've been there. That doesn't mean EO is wrong in a lot of what he is saying. As for being offered cheap freight, don't accept it. Tell the OM? OP? whatever his title is what you require, period. Get on the boards, find the better freight. Its there but it takes an effort to find it.

As I recall there are options for taking the truck and trailer elsewhere.

Fr8 is right, I don't work for Eagle but nothing I've seen from either side is anything I haven't seen or read before. I posted a couple of weeks before about talking to an Eagle L/P operator. The young man showed me his settlements. Nothing was out of line and he certainly wasn't starving.

 

Ugh, the 600-800 is the truck and trailer payments, NOT total fixed costs.

The point was that once you own the truck and trailer, you stop having to make payments and that cash turns from payments to profit.