Question for Prime Solo Lease Ops

One of many threads regarding Prime's lease program:

Prime lease program

I've read a lot about the program, and it seems that the ones that succeed with it are dedicated, hard working, experienced business savvy drivers with years of experience gained before they signed up. It seems that the ones who fail are the ones that have little experience, no cash reserves, and expect an immediate large payday once they sign - despite the fact that they don't keep the left door closed. Just my opinion, YMMV.

 

I have been averaging 2200-2500 miles a week, grossing 3300-3600 and taking home 800-1100 a week.

I have only been out since the first week of February, so my experience is limited. My miles paid have been between .82 per mile and 1.70 per mile.
I am currently over the 1.02 guarantee for the miles......

 

This is why I personally would be hesitant to consider leasing a truck where the lease terms say that I'm limited to hauling only one company's freight.

 

It to the FM to keep you profitable. I avg. between $1000 & $2000 a week take home after expenses. I run solo and its not about miles ran, but revenue to the truck. You can run 30000 miles in one week and make no money. I personally like the short runs that pay 2.00 per mile plus. Also when hauling the freight Gaurd it. If you have a claim it comes out of you bottom line. If you do decide to Ho lease, flatbed, pm me and I will answer and help you anyway I can.

 

Yes, it is all about revenue, not miles. In fact, the idea is to make as much revenue as possible on the least possible miles. This way you save on fuel, etc. This is the same as any business - the most profit with the least amount of investment. Finding the balance takes some time and experience. My income experience is somewhere between SilentEagle and AMA. Remember, the FM's pay is tied to your revenue, so the better you do the better he/she does. I love that system! My FM takes good care of me. Bottom line, though is this. If you are new to trucking, stay company for a couple years until you learn the business. I think most of us out here will echo that.

 

Welllll....As someone new going lease, I can't exactly echo that

I would say that learning how to run efficiently, time management, and learning the business can be done effectively with the right trainer if you have the right mindset.

MY bottom line would be: If you have a keen business sense and self-motivated, you can do this. If you can't even balance your checkbook, go company.

 

Ditto...


Hope I don't put my foot in my mouth

 

Nah, you'll be fine, bro! Us noobs gotta start showing all these crusty vets how it's done. LOL