New Guarantee Program

Only because you don't understand what this refers to. It's not what I'm being paid today, tomorrow or 3 years from now.

UNLESS, the economy tanks, freight rates plummet, and you cannot generate enough revenue to meet the minimum the OP is posting about. It is just a CONTRACTUAL MINIMUM REVENUE GUARANTEE. It sets what the company will guarantee to pay you every 100,000 miles if the bottom falls out of the economy.

 

are you really that stupid?


Who gives a flying sheet what the old garentee is, the very next sentence says THE ONLY DIFFERANCE which means something not the same! ok?



Arguing with a Lease Operator is like arguing with a wall





American Trucker

 

Like I said... you don't have a clue about what Sazook is referring to.

 

Hey quick question.. I was talking to Hubby and his instructor (lease) has no idea about this and wanted to know if it was posted on the site.

 

Cool, they'll be there next week so I will tell him to look out. Thank You!

 

Lot of outfits do not SHARE any of the FUEL SURCHARGE they collect.

 

Ok.... called leasing this morning, and indeed what is on the posters is what is coming down for new contracts. The minimum guarantee is $1.02 per mile (for divisions cited) plus flat rate FSC. Under the new program, FSC will be a flat rate with the collection split per Sazook's post. Also got this from my FM... evidently from Stan:

...it is our guarantee fsc for all miles for the week...based om 1.20 per
gallon and 6 miles per gallon...so this week it would be 40.5....if you
sign up u get your guarantee raised up to 1.02 cpm from 95 cpm(we
reconcile your 95 cpm and start at 0 miles) and you recieve 3000.00
dollars in coverage for your personal belongings in the truck in case of
an accident or fire...if the customers fsc is greater than our guarantee
then the excess fsc dollars are put into linehaul and subject to the
72/28 split

Will post some numbers from my situation later on, but I tend to agree with Sazook at this point that the current contract terms are preferable to changing to the new system at this juncture.

I have the FSC rate for the last 14 weeks...

For me, the company would keep $235.08 over that period on the split over the flat rate, or about $16.79 per week. That's 0.7 cpm in my case. In return you get the higher guarantee if the economy tanks, and $3k of personal property coverage. I wonder how that would work? Have to prove what ya have probably.

If you're currently below water on the guarantee, having them zero the account and reconcile your miles at this point might make good $$$ sense.