Well - an update. We opted for the flat rate FCR pay plan. For the month of March, they did 14,678 loaded and 4,572 empty authorized. That was in 12 total loads. 11 of the 12 loads were ER loads, only one was an E surface load. The team took no time off for the month and no load for a BR/C/CR/D/DR unit.
Are we making any profit - yes we are. But for us, in all honesty, we'll continue to operate in the narrowest of margins if required. The three of us that own MSR all have 2 jobs (a full time job and then Guard/Reserve duty or a second source of income). I'm a full-time federal employee and in the Reserves … so we started MSR to put Veterans behind the wheel of trucks and get the Veteran unemployment rate down some by using our connections and finding qualified drivers that maybe FedEx or other fleets don't have access to (current Guard/Reserve truck drivers).
I can say though, we made money as a company - even after paying a Fleet Management Company to handle our day to day business. So after two months running, truck 2 (a DoD tractor) is starting in the beginning of April. The owners have not taken any payment or repayment for the initial investment of the first truck - we'd rather use it for truck 2 and 3.
I know, hard to believe someone can be in the business for something other than the money - but we are Veterans helping Veterans and if you were with FDCC from 2006-2009, my initials were RMA and I worked on the PSS team, Passport Team, WG team, and E-Team and ran the drivers portion of the skills challenge in 2007 and 2008. And I still have my CDL with all endorsements yet work in the TSA HQs in Arlington, VA and the Pentagon … but never know … might get the itch to drive again! Stay safe and if you're at MATS, look for me! I'm here right now!
Rob