Panther Expedite Info

Hey all! New poster here.

I am in a real bind. My dad is a truck driver and he was laid off due to budget cuts. He has problems with his employment history because he worked at so many places for 6 months-4 years and quit. He has a few traffic tickets. Four, to be exact. He was unable to secure employment and was evicted from his condo, had his pick up truck repossessed, went under water in his bank accounts and a whole lot of financial trouble.

I grew up poor, but am self employed and have excellent credit. I told him that I would get a loan and start up a trucking company for him, if he thought it would be profitable. I researched the industry and determined that it would be worth a try.

We started on November 4th and he made great money running for CH Robinson. He is such a hard worker that we actually pulled in $8,500 of Net Profit in the first month!

The economy started slowing down and before we knew it, the month's profits went from $8,500....to $5,400.....to $3,800......to $1,300....
As it stands, truck repairs and other problems with freight mean that I am losing about $500/month. CH Robinson is paying about 98cpm average right now. They were paying about $1.33!

I am really not in a position to continue this trend for another 2 months. I am looking at filing bankruptcy-even though my credit is perfect! My dad still feels that he deserves a paycheck, but the money is not there. He has been working for food and fuel for about 5 weeks now. I cannot pay him because I do not have the money.

Anyways, he doesn't qualify for a good company like Panther. I need to get this truck on to a company that pays over $1.15 per mile or else I will be wiped out. I really wish I never did this because now my credit is being ruined and I am going to lose everything I have!

I want to find a qualified driver to drive for a great company like Panther, have them drive the truck on a pay-per-loaded mile scale (with performance bonuses) and get this thing above water. The idea is to pay my dad a "pension" of about $500/month for his service, pay the Panther-qualified driver about 20cpm (plus bonuses) and use the rest of the money to pay off the debt from the truck, van, start up costs, ect.

Is Panther a good company to drive for in this situation? Can I find a driver who can sign on with a great company so I can fix this situation? Is there any way I can hire someone to do this without spending thousands?

 

Oh alright. 60+surcharge/40 sounds great.

More about Panther... Do they pay for deadhead miles? How much to they pay for a dry van? Is Panther a good company as far as getting consistent miles? Is there a better company for this kind of scenario? Is there any advice out there for what I should do to get back to the $1.15/mile zone? Do you know of any potential drawbacks of dealing with and working for Panther?

I have called a couple times and had no response. I suppose that is a bad sign already.

 

everything is still slow right now but i think that T/T are doing ok

Are things slow for everyone? What is T/T?

google expediters and you will find the proper forum for your needs

Am I in the wrong place?

you will not receive a check for 3-5 weeks

Why is that?

As you can already tell, I am not familiar with the trucking industry. My dad has been driving for over 25 years and knows the ins and outs, but lacks the ability to sign on with a great company.

 

Thank you for the info, Rick and moto.
Is Quality Carriers paying $1.60/mile? I don't quiet understand the pay structure as you posted it. What is event pay?
Would I need to buy my own tank?