swift owner operator

If you mention leasing to Swift the trolls come out of the woodwork and starting spouting their negative crap.

There are plenty of successful O/Os at Swift, myself included. I'm successful because I carefully control my costs and DO NOT idle my truck.

If you have PERSONAL experience leasing to Swift and want to chime in be my guest, if not shut your trap and climb back under the rock you came from.

Oh, and the new pay package sucks!

 

Last week it would have been $1.326 ($.94 + $.386) on the old pay scale. Someone on the new pay scale would have to chime in with their rates as I'm not gonna guess.

 

Considering that much of what you mentioned here is still under warranty since I only have 386k on it right now and since I do put away money for the minor crap I am doing quite well. When the truck is down Swift does have a loaner program so that I can keep running while it is down. But then with your 2 years you do know it all. This is not my first rodeo in 20+ years

 

Steve, you are so right about the trolls coming out as soon as someone mentions Swift and Leasing. Ran into a driver the other day. Just received his new truck 2 weeks ago His 3rd one in 15 years with Swift. Must be doing something right

 

Here's the new pay scale and FSC package.

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Am I doing something wrong? I can never get anyone's attachments to open.

 

Squeak you've been doing this trucking thing longer than I have. My truck was paid off over there and I was near starving to death. So let me do a little math on yours here.



2800 miles divided by 7.8 mpg = 360 gallons times $3.50 per gallon = $1256 round up to $1300.

$702 fixed cost times 52 weeks times 4 (years) plus $35,000 residual value = $181016 divided by
$0.75 = 241,354 miles to break even

2800 miles times 40 weeks per year times 5 years = 560,000 miles minus 241,354 = 318646 miles in your pocket divided by 5 years 63729 miles in your pocket per year divided by 12 months = 5310 miles per month in your pocket divided by 4.33 = 1226 in your pocket weekly times $0.56 = $686 per week.

Now I say all that because to be fair most company drivers are breaking over $1000 bucks a week takehome every week.

 

Scottie, with all due respect on 2800 miles per week after all expenses and that includes my .15/mi for my escrow my weekly take home, net is about $1300. A company driver at .40mi gross is $1100. After taxes that is about $865. For the last 3 years after all my deductions I have broken even as far as my taxes. And I do not pay quarterly.

 

The $1300 is just an illusion when one factors in the residual value still owed on the equipment after the lease period is over. Maintenance too, I figure $5000 the first year, $7000 the second year $10,000 the third year and $12,000 a year forth and $15,000 the 5th year.

Company driver 2800 miles times $0.47 = $1316 times 22% tax rate = $1027 paycheck.

 

Scottie, you are talking the new pay rate. When I started the highest rate was .44/mi. I am not keeping the truck at the end of the lease so I am not factoring in the residual. I have had my truck now almost 4 years and not any where close to $12,000 for maintenance. The majority of all the work on my truck has been warranty. I remember that you had a lot of problems with your truck when you go it. I will admit that at first I had some issues with mine, but Swift took care of me during that time, like when down for 2 weeks for a drive line, I got a loaner. When down with DEF issue for 1 week paid my hotel and waived that week payment. They have been there for me when I needed them. I would also say that in these almost 4 years I doubt that I have even paid a total of $8k in maintenance.