Do you get paid your settlements on your comdata card? Can you leave a few thousand on there for oil changes and emergencies like a blown tire? Just trying to expand my knowledge. A body gets used to doing things their way and forgets 99.99999% of the worlds population does things differently.
You can either get paid to your Comdata card or have it direct deposited to a bank. You can leave as much money on there as you want. I choose to pull 10cpm off the top and allow Swift to place it in a maintenance account for me. That way, I can take advantage of Swift's national accounts. This is especially helpful with tires. I just got over $100 off each of two Dunlops I had put on my steers. I don't have to fool with Comchecks or any other nonsense. They bill Swift and it is taken out of my account. I have access to that money any time I want it.
redd and i are with the same company, we get an advance that amounts to about 50 per cent of what the revenue is, that is if we want that much. then i have my settlements loaded onto the fuel card(tch) then i can access online and direct deposit myself whatever amount i wish into my personal account, my wifes account, or my truck account at my bank and i can leave whatever amount i wish on the card. i also have 100 dollars per load sent to a reserve acct that can be loaded onto my tch card whenever i request. i like that i can set up my direct deposits accounts myself . from march 1 to march 31 i ran 12425 miles loaded and empty and had 21,418.27 gross revenue about 1.72 a mile for all miles ran. but that took a good deal of advance planning on what loads to take or not take into certain areas, etc etc. i am not forced dispatched and have complete freedom to accept or not accept any load offeredto me and also have access to an online load board that shows loads available today and several days in advance . frankly, i dont understand a lot of the disagreements some have with folks that may choose to lease purchase a truck, buy one fiinanced thru the company, or lease one themselves or buy one themselves. we are in the end all trying make a paycheck at the end of the week, and if posts such as this help someone with fuel taxes, baseplates, etc etc. we all should try to help and not hinder. i met redd when we unloaded together a couple of weeks ago, when he pulled in behind me and i saw his truck and then hi when he got out, i somehow knew it was him, his postings on here had somehow described him to a tee. you know , some forget that no matter where we started, how we started, or who we started with, we all pulled our very first load at one point and learned as we went. my first one was in apr 1980, double stack roll roofing on a 45 foot flat to baltimore, from savannah,ga still remember the street wicomico street , in a 55 mph builders transport truck.
A lot of owner ops and drivers seem to put down Swift. My guess is that the money is always there on paydays.
Can you explain this alittle better for me? I don't understand how they incorporate your discount in with your FSC? Now you only get paid FSC when loaded, correct? So say Swift pays 1.00permile, with FSC being up around .50 cpm you are makin 1.50 per mile loaded? With fuel discount added you should be making even more? As for Swift saying they don't get a national discount, thats pure BS! Unless they are idiots, which they are not, they are probably getting .20 cents a gallon off pump price if not more. So they ain't passing it on to the L/O, that means you are payin them .20cpg to fuel.... Yeah, I'd pay cash also just so they wouldn't get the discount! Doesn't Swift also take care of and pay your IFTA? I was gonna ask that before but forgot. So what you're saying is..... its ok to get ripped off as long as the paycheck is there at the end of the week?
I'm saying if you signed on the bottom line just like swift did and you get your money that you contracted for on time, they kept their part of the deal.
Les: the purpose of this thread is information on how IFTA works and how to use it to one's advantage. I will not allow myself to be drawn into a discussion wherein I have to defend Swift's business practices. While I know all too well your position on leasing in general and Swift in particular, it is not relevant to this discussion.
My questions had nothing to do with anyone Lease Purchasing a Swift truck. It really was a few simple questions, but I see either you don't know the answers, which I can understand with the way these companies word their contracts and do their best to confuse people, or you just don't want to answer. I was just curious to how they figured it all out. Don't bother to defend Swift to me. I personally think they are one of the smartest companies out here.
I just remembered this....... Swift, like most companies lump all the trucks together when doing IFTA. Now its alittle more complicated than that but you will get my point. So when IFTA time comes around, do your own figures to make sure they match what you get billed from the company. This way if they send you a bill of $300 and you figured it up at only $100, you can bring it to their attention.
