What is 88% of the load mean?

You'll make more money being a company driver (at a different company)

 

Good night man, your lease truck is $714/week? You're running a very large risk of not breaking even. They primarily run the northeast...a friend was leased on with them, as I mentioned in the other thread you posted in asking about them. Their bread and butter is Maryland to Maine to Ohio. Lots of frozen goods, lots of potatoes if you get up to Maine or western NY, lots of fruit (apples from NY, other stuff from the ports).

That truck note will be what sinks you, especially if you lease one of their trailers. My friend was only into his truck for $250/week, which is also what their trailer lease cost him at the time.

 

88% is your cut. So if your gross pay is about $4000 the the company billed about 4550. 4550 X .88= what you make. $4004 then your weekly deductions come out. 4000 - 999.45 - 714 - extra miles on the truck - fuel - maintenance - physical damage ins on the truck - accounting service (yes you need it) - ?= makes Jack a very dull boy.

714 x 52 weeks a year= 37128 / 12 = 3094 a month! That's a lot of truck payment!
Trailer rental works out to 1516 a month!
Buy your own equipment or you would be better off as a company driver.

 

They do, or did, regular runs from NY to GA with frozen stuff, also apples from NY to FL. Doesn't pay what sticking around the northeast does, by my friend's calculation it's better to stay north and deliver 3-5 loads in a week as opposed to burning all that time going south at a similar rate per mile but taking more time to deliver and find a load back north.

 

Holy wow they got a lot of fees. And on top of fees, they don't pay any tolls? Running MD to ME that's a whole lot of money. Or just northeast in general that's a whole lot of money. Or pain to avoid them.

Let's see, from that sheet, for the first 15 weeks you're paying (on top of the truck note):

$350 trailer rental
$200 escrow and trailer escrow
$150 cargo ins and $37 occ acc.
And that's not including truck insurance, plates or permits. Which is what? Another $200 a week at least?

So if insurance plates and permits is $200, that's an additional $900 a week for the first 15 weeks. And then for the next 5 weeks it's $800 a week. And then it's just an extra $700 a week from that point. That's $1500+ a week hard cost. Add to it tolls, scales (running that area without scaling can be fine or real bad for you, especially since reefer doesn't exactly tend to run light) and Transflo fees? Seriously? They charge for that too? Don't forget fuel.

I wouldn't do it. Maybe with a $1k/month truck note. But.. nope.

 

I'm sorry, did you say $714+ a week for a quality truck? That's like $3100 a month ($3094). Do yourself a favor and go buy a truck.

 

$5 transflo fee & $350 for a trailer? I paid $100 week for an almost brand new trailer and thought that was too much. $350 is the tractor payment at a lot of places.

As to your question 88% means they pay you $0.88 out of every $1.00 the load pays ( supposedly, they will skim some off the top to be sure ). Please don't be insulted, but not knowing this basic math, please don't do this, just become a company driver for awhile.