is there money to be made working for a courier company as an ic?right now i have a full size v8 pickup and was offered a job that pays 65% commision and fuel surcharge.they say they have all the work i can handle..im just wondering if anyone out there has been down this route,and if you can actullay make some kind of money with the gas prices.thanx
Ic couriers
- Thread starter RAMSEY766
- Start date
arkjarhead
Veteran Expediter
First off you need to figure up what you cost per mile is. OOIDA has a spreadsheet on their web site to help with that. I'm not sure what the addy is though. Next you need to figure out what the average pay is. Then subtract your cost per mile (cpm) from the average pay per mile. If the average pay is more than the cost per mile you will be turning a profit. the bad thing about it is the only way to really tell if they can keep you busy or not is to get out there and do it, but if your costs are going to be more than the average pay you won't be making any money regardless of how busy they keep you.
Jack_Berry
Moderator Emeritus
the company i worled for said i could make 600 bucks a week. they paid it during the first 4 weeks but after that it was what i could run. never made the money. guess if you run more than 12 hrs a day and weekends you can do it. i was in a car doing docs and only once had boxes to deliver. i think every recruiter says....'we have all the work you can take'....then says.....'we were busy but it got slow'
Oilerman1957
Expert Expediter
Yes i did work for a local courier. I would have to ask just what the 65% works out to per mile. If its 65% of 80 cents wouldnt pay much. I just had a hard time making any money working local and if i took runs out of town it was always deadheading home. Cost to much money to always deadhead
thanks for your feed back,i guess the thing to do is just try it,the only thing is, i would have to wait till the 3rd week to get paid, they say they will give gas coupons till then,does this sound familiar to anyone?how i am looking at this is, if ic drivers are not making money then these companys wouldnt be in bussiness,or am i wrong?
arkjarhead
Veteran Expediter
There is some reading involved on this to explain how to use the spreadsheet and it defines what various things are. After reading on the bottom there are a couple links to spreadsheets based on what type of system you have. That will give you an idea of what it will cost you to run. Then compare that to what you will be making. Cost Per Mile Worksheet
About the pay situation. There are a few expedite companies that do the hold out as well for various reasons. That's another reason why it is important to have a fund to run on until you get paid. Plus you will want to have some money set back in case your truck breaks down.
About the pay situation. There are a few expedite companies that do the hold out as well for various reasons. That's another reason why it is important to have a fund to run on until you get paid. Plus you will want to have some money set back in case your truck breaks down.
You are right, the 'companies' are making money, or they wouldn't be in business. That's a different story than whether the 'ICs' are making money. My 3-cents is if the companies had to pay the actual operating expenses of the ICs, they would NOT be in business! Especially if they kept up their practice of overhiring. Talk to some of the drivers before you commit!
late4dinner
Seasoned Expediter
I would have to wonder why you have to wait three weeks to get paid. I worked for two local companies in Columbus Ohio before I started with Roberts Express several years ago and never had to wait past the second week.
You can go broke real fast waiting that long to find out there might be a problem with your pay. Also if they are going to (LOAN) you gas coupons until your first pay, then I would believe you might not see any money for more than a month because you can bet your boots the company is going to take the money back for the coupons out before you get any settlement.
dragonrider
Expert Expediter
I am leased to a delivery company,I do a dedicated run.The local IC,s seem to come and go,They pay you on the second week[fisrt week earnings.]i like my company,but would not do Rush work as it is very inconsistant,and some pay bad[like 6$ for a stop etc.