Prime inc lease owner ops

That's right... trucking isn't cheap, nor is it free. BTW... the APU isn't installed by the manufacturer, it's an after-market add on. APUs are purchased by Prime, and the installation done at Prime after the delivery of the truck. Lease ops pay their permit fees as a weekly installment over the entire year.

 

I'm just saying it's the equivalent of getting a loan at% 65 interest and buying a truck. You could but why would you. As I read this statement, I'm proud he made money. But I can't believe he went for this.

 

Prime owns a couple freight liners that I do know for a fact so their paying around 94000 per truck. That a great return.

 

Well, it's like this. Prime offers folks a business opportunity. No one forces anyone to sign a lease, and in fact doesn't use pressure tactics like many carriers to get their company employees out of company trucks and into a lease. Remember... there is zero investment of capital by a lease operator (including your brother) to get into the truck, and pull the freight. The terms of the contract reflect this, and Prime has a reasonable expectation of a return on their investment. If you run the truck more efficiently than the company guys, there is plenty of room for profit above and beyond what one would make as an employee of Prime Inc.

Granted, it is certainly not what YOU have come to expect as an independent motor carrier, nor should it be. Consider it a stepping stone to getting where you are at now. If a guy runs a tight ship as a lease operator, he can expect to come out of it after three years with quite a bit of money saved, and enough for a down payment on a truck through just the refund of the escrow accounts after final repairs to the leased truck. Or, a better living than what he'd make as a company driver... if he knows how to run a truck as a business.

Again, what's your problem with any of this? And why is it you assume that everyone has to be you?

 

I can get a truck for 135000 and I'm not buying in volume. They have 5000+ trucks they get a big discount. I understand business in depth. Lol . It all equals them getting richer by the day. While the drivers support all the major cost. Company gets straight profit with no over head. 28% straight off the top, plus the brokering fee which you don't see. Then they get 2 weeks of truck payments out of the month free in clear, on top of that you paid 147000 at the end of lease plus they own truck free In clear thanks to person who leased the truck at a profit.then they sale the truck without the apu for 72500 nothing but profit. Then they sale the apu for even more profit. Then they make money off charging lease drivers for a class so they can train (320.00) more money. Then government gives them 6500 or more for every student they train and hire. I can go on and on. But I do have a question? Why have they filed bankruptcy so many times??.

 

By my math , the company drivers are doing better. Why know just fix your credit.if you don't own your name you don't own your company bottom line.lease makes no where near what a true independent owner operator makes not even close. As for my brother he is working making around 2000 a week now. I'm giving him 6000 for Christmas so at the beginning of the year he will be pulling oilfield freight under his very own company. You think your checks will be anywhere near his???

 

Them? It's a privately held company, and one that happens to be successful. Perhaps we should all work for Arrow, or one of the hundreds of carriers that went bankrupt and out of business over that last six years. Personally, I'm happy to be leased on to an outfit that understands the concept of profit, and makes enough of it that they can easily provide the opportunities that they do - your brother made money with the opportunity they provided. I'll remind you that Prime started out with one truck and one driver... just like you. You don't seem to have a problem with capitalism or the concept of profit... unless it's someone else making the profit evidently. It's also bankruptcy in the singular case... they filed bankruptcy once in the 1980's, and survived it.

 

Your right read whole history of the company. They filed once. I don't have a problem with profit, but I prefer to be a open book. And honest. I won't drag anyone down to make a dollar. It's not worth that to me. Being rich is over rated, I rather be happy. Trucking day is coming, all this under handed dealings will backfire.hint the reason most companies perfer the inexperienced of the experienced.

 

IMO, you've got the wrong outfit in your sights. You want to make those charges, level them at TransAM, CRE and their ilk. There is nothing dishonest or underhanded about what Prime does, in fact they are quite open and transparent about the way they do business. There is an honest attempt to educate the drivers about trucking business, and how to run their business to be successful about it. How is that dragging people down? If anything, Rob Low attempts to lift them up. As for your charge that Prime prefers inexperienced drivers, nothing could be further from the truth.

 

Seems like you could make money with this program ...


http://www.primeinc.com/Websites/primeinc2/images/Prime_DriverReferralProgram_Broch.pdf