F2F Transport / Farm2Fleet: My story with no happy end...

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?

 

I love how you post PM. one day your going get your ### beat

 

Those are just comment threads from FB. Anyone in those groups could see those comments.

 

Sorry, I didn't mean for it to be confusing. Those are screenshots of threads in Facebook groups Rate Per Mile Masters and Revenue: Knowing Rates and Lanes.

 

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.

 

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)

 

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?

 

If i was to take a guess. My money would be on growth at any means. Bad things happen when you hire anyone with a pulse.

 

Thank you for your honestly. Perhaps a few can learn a little about human nature from the misfortune of others.