Prime losing contract

Hmm, $2600 a week average profit is chump change for you? Aren't you the one that states he's still driving at prime? So wouldn't you still be governed and on elogs?

Not sure what prime trailers you've been looking at, but I haven't seen a single trailer listing any numbers on what a company driver or lease driver can make. You should stop trying to get us confused with crengland or dart.

Are you talking about the advance fleet program? That program is 77% of linehaul and 100% surcharge but you can only pull prime's freight and you are still dispatched. How can you claim there is that much of a difference between the 2 programs? 5% difference doesn't equate to $900-1600 more a week in profit unless you forgot to deduct your business costs for running under your own authority like insurance, base plates, ucr, state permits and so on. @nofreetime stated his settlement shows his average rate per mile is $1.41. So let's do the math shall we? That would mean the true rate that prime is getting is $1.96/mile. (The math is done like this 1.41÷0.72=1.958) So in the prime logistics side under the advance fleet program you're getting 77% of that $1.96 which equals $1.51/mile. So unless you're running 9,000 miles more a week than @nofreetime, which we all know that isn't possibly, you're full of bs. How did I come up with that 9,000 miles, well on your low end number you only $900 more a week in profit and at only a $0.10/mile difference in rate you would need to run 9000 miles a week to make it to your number. (Here's the math. $900÷0.10=9000)

Even on an ace lease that you claim you're on, the payment difference wouldn't be $900/week less than the regular lease payment.

So your numbers don't add up at all. Would you like to get again for another story?

Edit: it was @SavvyRed who stated the $1.41/mile. But the math would still stand true.

 

Because each person's tax situation is different net before taxes and personal expenses is the common calculation to compare numbers or the gross revenue of the company.

Remember, your health insurance is not a business expense and you the owner of the company pay the taxes on the profits of the company, not the company unless you're set up as a c-corporation.

 

Did you not read my post? I take 20 percent of what is deposited and count the remainder as net.

 

Maybe I'm confused... But gross is what you make prior to any #### coming out. Net is after all the #### comes out. Am I using the wrong terminology? I feel average net is what counts.

 

You are correct, Gross is the number before anything comes out. In the business world, Net profit or Net as a lot of people use on here, is after all business expenses come out and before taxes and your personal expenses. Why people want to talk about their net after taxes is beyond me, since each person's taxes are different. If you live in a state with no income tax like WA or TX, your number would be higher, if you live in state that has a high income tax like CA your number would be lower.

That is why it's called net profit. It's the profit your company made after all the business expenses were deducted from the Gross. Taxes are not a business expense otherwise we could write the taxes off each year, lol.. Sales tax, IFTA tax, HVUT, those taxes can be written off, but the Federal Income Tax cannot.

 

I was using her 20% tax quote. And the end of the year penalty for not having health insurance through the year for a single person is the same. But yeah, YMMV.

 

What does that mean?

 

Net numbers are what is being used to give prospects the idea that they too can net $2600 a week. It's unrealistic as the new driver soon find out after averaging his/her weekly nets. They don't average anywhere near $2600/week. You may see that after fixed costs, but not after fuel purchases/tolls/ lumpers/washout outs/PM's /tractor washes etc. More like $1700 and that's at 3k miles a week, every week. But I'll back out this thread now.

Good luck.

 

Your mileage may vary.

 

Then that wouldn't be a true net number. Net profit would be all your revenue minus all your business expenses, ie. lease payment, apu, fuel, tolls, lumpers, pm's. Net profit does not include personal health insurance, taxes, foos, or your personal expenses at home.

So if that's how he is determining his net then it's wrong.