how upset would you get and what would you do
- Thread starter Dynamite 1
- Start date
ok, lets get this out there so everyone understands how t-state works. first we get paid, for lack of explaining the difference between cd and dd every fri. all paperwork must be turned in by wed. at noon. and pay is a week behind. for example paperwork recvd. on wed. 2/7 would actually pay 2/16. next t-states advance is the same as all other carriers, just a difference of when you get it. panther, after del. fedex, conway{when they existed} and other companies when you close the doors after p/u, no major difference anyway you look at it as there is a clause to perform and not hold ransom in the contract. any advance that you ask for above and beyond the load adv.has to be okayed and they treat that as a loan and charge 10% of the amt. and make the contractor sign a prommissory note. have not heard sign it or leave but it would not suprise me. my only ??? is for those who are not affiliated w/cd in anyway and have dd for settlements, why shou8lod they have to sign. if it does not pertain to you dont sign till you decide to join cd and donate to the well being of the company. hope this squares it all up for eveyone.
I would like to put me two cents worth in as to the admin. fees with TS. As an owner we use the 50% load advance as operating capital. My understanding after reading the lease is it is an interest fee loan for the load you are caring. In 7 years with this carrier this has always been the case. P2 loads 45% at the time you deliver with no interest. Since the lease states interest free, they are calling it admin. fee.
There is no doubt that this new policy will cause extreme heart ship for many owners. Think about, in order to continue to advance on a load for fuel, the average D unit will be paying $400.00 plus dollars a month in fees. Unless they can manage to obtain a line of credit or stash away a few grand with-in the next two weeks! My question is with the freight being the way it is and the time of year, how many of us can do that?
Just me 2 Cents!!!:7
There is no doubt that this new policy will cause extreme heart ship for many owners. Think about, in order to continue to advance on a load for fuel, the average D unit will be paying $400.00 plus dollars a month in fees. Unless they can manage to obtain a line of credit or stash away a few grand with-in the next two weeks! My question is with the freight being the way it is and the time of year, how many of us can do that?
Just me 2 Cents!!!:7
Based on all that we’ve heard it sounds to me like 3S is basically broke. They don't have enough money to front the funds until the customer pays so they are dinging the drivers that take money a huge ding to discourage most and cause those who still do it to finance the money. If they are not that broke it seems they are making a huge PR mistake if they want to attract owners to place trucks with them or get drivers for the trucks already with them. If that's not what's going on I'd love to know the whole story.
Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
Owner, Panther trucks 5508, 5509, 5641
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.
Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
Owner, Panther trucks 5508, 5509, 5641
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.
The money owed on a load is not really a loan if the load has been completed. The company may not have recieved their money for that load, but should have the capital to revolve the money. Even a single O/O can go to a factoring company and get money well below 5 percent.
I have to agree....sounds like some financial struggling.
Look for a QC message from Panther:7
Davekc
owner
22 years
PantherII
EO moderator
I have to agree....sounds like some financial struggling.
Look for a QC message from Panther:7
Davekc
owner
22 years
PantherII
EO moderator
Wait a minnute Dave. Maybe we should state also the O/O should have enough resources to revolve the load. Waht ya think about that? Interesting spin eh? Dunno. Maybe he's just unadopting some. Dunno. I'll not watch my qualcom very close tho.
>Based on all that we’ve heard it sounds to me like 3S is
>basically broke. They don't have enough money to front the
>funds until the customer pays so they are dinging the
>drivers that take money a huge ding to discourage most and
>cause those who still do it to finance the money. If they
>are not that broke it seems they are making a huge PR
>mistake if they want to attract owners to place trucks with
>them or get drivers for the trucks already with them. If
>that's not what's going on I'd love to know the whole story.
>
>Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
>Owner, Panther trucks 5508, 5509, 5641
>Highway Watch Participant, Truckerbuddy
>EO Forum Moderator
>----------
>Support the entire Constitution, not just the parts you
>like.
it seems that way but i dont think that the case. sure they are trying to cut cost. everyc company is. but i dont think they are broke. they were givin us money at xmas. but this has alot of 3S drivers i talk to scared and already lookin at other places. i think after what happend to some of the other companys they are thinking this is a sign of things to come. im hesitant to jump ship that fast.
i hope not but after i talk to a few people at 3S i may change my mind and switch even tho i like the people that work in the office
>basically broke. They don't have enough money to front the
>funds until the customer pays so they are dinging the
>drivers that take money a huge ding to discourage most and
>cause those who still do it to finance the money. If they
>are not that broke it seems they are making a huge PR
>mistake if they want to attract owners to place trucks with
>them or get drivers for the trucks already with them. If
>that's not what's going on I'd love to know the whole story.
>
>Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
>Owner, Panther trucks 5508, 5509, 5641
>Highway Watch Participant, Truckerbuddy
>EO Forum Moderator
>----------
>Support the entire Constitution, not just the parts you
>like.
it seems that way but i dont think that the case. sure they are trying to cut cost. everyc company is. but i dont think they are broke. they were givin us money at xmas. but this has alot of 3S drivers i talk to scared and already lookin at other places. i think after what happend to some of the other companys they are thinking this is a sign of things to come. im hesitant to jump ship that fast.
i hope not but after i talk to a few people at 3S i may change my mind and switch even tho i like the people that work in the office
> I was waiting for that Dave.
Somebody had to say it.
=========================================
Colonel said
Wait a minnute Dave. Maybe we should state also the O/O should have enough resources to revolve the load.
That may be in a struggling company's contract sooner than you think.
Of course I will make Davekc's Expedited Factoring Company available to all who suffer from that plight.
Davekc
owner
22 years
PantherII
EO moderator
Somebody had to say it.
=========================================
Colonel said
Wait a minnute Dave. Maybe we should state also the O/O should have enough resources to revolve the load.
That may be in a struggling company's contract sooner than you think.
Of course I will make Davekc's Expedited Factoring Company available to all who suffer from that plight.
Davekc
owner
22 years
PantherII
EO moderator
panther_art
Expert Expediter
All right you 3S people why not just take all the stress out and head them trucks over to Panther BLVD.
Panther Art
Panther Art
I also wonder what TS management is thinking! What I have be told by upper management is the reason of the fee, is to discourage the use of the advance's as a main source for means of funding an o\o fuel. My question was and still is, the funds are advanced on loads we have on the truck. Funds are not given until the load is on the truck. At what point is the revenue for the load the o\o?
Also, does ANYONE know of any other carrier (LTL or Expedited) that charges an admin fee for a comdata funds.
Could there be problems with TS funding the program?????? Good question. At this point one must wonder!
2 more of my 2 cents?
Also, does ANYONE know of any other carrier (LTL or Expedited) that charges an admin fee for a comdata funds.
Could there be problems with TS funding the program?????? Good question. At this point one must wonder!
2 more of my 2 cents?
Well, like I said, if they aren't that broke it seems they are making a HUGE mistake. If they decided to go to a POD pay point instead of an at pickup pay point but still with no fees I'd find that a fairly reasonable decision since the money is definitely fully earned at that point and wouldn't concern myself with it. Deciding to confiscate 5% is a serious thing that knocks 3S off my short list of companies to consider.
Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
Owner, Panther trucks 5508, 5509, 5641
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.
Leo Bricker, 73's K5LDB, OOIDA Life Member 677319
Owner, Panther trucks 5508, 5509, 5641
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.
I think they're think'in it's way more fun and profitable to work with some trucks, than other trucks. No matter where those some trucks come from. Wake up folks, it's a dynamic world out there. If you have not noticed, things are getting a little tuffer. Gotta stand up to the plat and hit the ball. Dave, that factoring causes way too much paperwork.
If so, it is very poor management to identify that as the problem. Deciding who stays or goes based on how much or often they advance monies per load would be foolish. I would think if that was the motive, acceptance and or availibilty rates would be of greater value.
From a distance, it still looks to be financial.
Davekc
owner
22 years
PantherII
EO moderator
From a distance, it still looks to be financial.
Davekc
owner
22 years
PantherII
EO moderator
Tennesseahawk
Veteran Expediter
>I also wonder what TS management is thinking! What I have be
>told by upper management is the reason of the fee, is to
>discourage the use of the advance's as a main source for
>means of funding an o\o fuel. My question was and still is,
>the funds are advanced on loads we have on the truck.
>Funds are not given until the load is on the truck. At what
>point is the revenue for the load the o\o?
Management is probably thinking they created a monster, and this is a way to back that monster off.
Although most who use the advance out of convenience; this has gone from contractors living paycheck to paycheck to living run to run. What kind of business-like atmosphere does that create? The more I look at it, the more it seems like a welfare check for ppl who can't manage their money. I can see using it for maybe a few months, but if you can't ween yourself off advances by puting money aside, why are you in this business?
Personally, I think they should give recent sign-ons 90 days to get ahead of the game, then charge the money. It's up to us as businessppl to find ways of making things convenient for ourselves. If I were with TS, I would be pizzed too, as I'd like the convenience. But I bet I'd find something that works better.
>Also, does ANYONE know of any other carrier (LTL or
>Expedited) that charges an admin fee for a comdata funds.
Express-1 did when I was there 2 years ago. I don't know if they do now.
"If I claim to be a wise man, it surely means that I don't know." - Kansas
>told by upper management is the reason of the fee, is to
>discourage the use of the advance's as a main source for
>means of funding an o\o fuel. My question was and still is,
>the funds are advanced on loads we have on the truck.
>Funds are not given until the load is on the truck. At what
>point is the revenue for the load the o\o?
Management is probably thinking they created a monster, and this is a way to back that monster off.
Although most who use the advance out of convenience; this has gone from contractors living paycheck to paycheck to living run to run. What kind of business-like atmosphere does that create? The more I look at it, the more it seems like a welfare check for ppl who can't manage their money. I can see using it for maybe a few months, but if you can't ween yourself off advances by puting money aside, why are you in this business?
Personally, I think they should give recent sign-ons 90 days to get ahead of the game, then charge the money. It's up to us as businessppl to find ways of making things convenient for ourselves. If I were with TS, I would be pizzed too, as I'd like the convenience. But I bet I'd find something that works better.
>Also, does ANYONE know of any other carrier (LTL or
>Expedited) that charges an admin fee for a comdata funds.
Express-1 did when I was there 2 years ago. I don't know if they do now.
"If I claim to be a wise man, it surely means that I don't know." - Kansas
To answer the original question, yes, I would be upset. I don't like anyone reaching in my pocket for money after we have agreed to terms of pay. I would stop using ComData if possible and look at changing carriers. Thats really your only recourse other than voicing your displeasure to the powers that be. If I did leave I would make sure they knew this was a factor that affected your decision.