The wife and I both claimed per diem in Canada and we weren't incorporated...just a sole proprioritor...it was full for me and 50% for the wife Rev Canada doesn't accept full for both as they claim expenses are less for a husband wife combo...
Is it just me?
- Thread starter hophead
- Start date
The wife and I both claimed per diem in Canada and we weren't incorporated...just a sole proprioritor...it was full for me and 50% for the wife Rev Canada doesn't accept full for both as they claim expenses are less for a husband wife combo...
If your the driver incorporating will not shed liability. These days they sue everyone connected in anyway. The shipper, the driver, the corp, the carrier. They play no favorites everyone is named.
That's right they do!
It's called "throw enough **** against the wall, and some of it is bound to stick"
However, that is what you have proper business liability insurance for, not just the insurance on your truck.
and when they find out you use your truck for any personal reason....it becomes personal liability real quick...
cannedmeat27
Expert Expediter
nobody has been fedex cc for 14 years maybe some was with roberts
nightcreacher
Veteran Expediter
Roberts from 1984 to 1995,gone from 1995 to 1996 back at Roberts 1996 to 2002,gone 2002 to 2005.Back to FECC 2005 thru 2010,gone spring of 2010.FECC hasnt been around for 14 years,has it?
greg334
Veteran Expediter
Pjjj,
When you imply wages, it is a fix costs which is alright to think that way but unrealistic in the long run because of the flexibility needed in this business. The employee factor seems to come in as a carry over from working for someone else and that gets people into trouble, it is better to strive for a profit and make it a living profit.
I concern myself with the pre-tax net, then I can play even more with the numbers once I reach that goal. Top OTR rates plus 20% for my pre-tax net floor coupled with the limitation of DH at 27% for the month seems to work for me.
By no means does this mean I am not making more than $1.55 a mile or what ever. It seems from the info I got from FedEx drivers and actual offers, I am grossing 33 to 40% more overall and have more flexibility to deal with individual runs without the FedEx fear factor being involved.
About the incorporation thing, it does not protect the owner from a liability when they are also operators. See the thing is if you are being neglectful (not strapping that load down on the flat bed) or running illegal (dual log books or out of hours), you are fully liable. When you get sued, you don't get sued as just the corporation but as the member of the corporation (president, treasurer, whatever) and your assets are on the line. The only thing they can't touch is retirement, 401ks and so on.
When you imply wages, it is a fix costs which is alright to think that way but unrealistic in the long run because of the flexibility needed in this business. The employee factor seems to come in as a carry over from working for someone else and that gets people into trouble, it is better to strive for a profit and make it a living profit.
I concern myself with the pre-tax net, then I can play even more with the numbers once I reach that goal. Top OTR rates plus 20% for my pre-tax net floor coupled with the limitation of DH at 27% for the month seems to work for me.
By no means does this mean I am not making more than $1.55 a mile or what ever. It seems from the info I got from FedEx drivers and actual offers, I am grossing 33 to 40% more overall and have more flexibility to deal with individual runs without the FedEx fear factor being involved.
About the incorporation thing, it does not protect the owner from a liability when they are also operators. See the thing is if you are being neglectful (not strapping that load down on the flat bed) or running illegal (dual log books or out of hours), you are fully liable. When you get sued, you don't get sued as just the corporation but as the member of the corporation (president, treasurer, whatever) and your assets are on the line. The only thing they can't touch is retirement, 401ks and so on.
astikhossw
Seasoned Expediter
If you recieved the last quarterly dvd they said that they have discounted some of the freight but the rate is still competive (not as low)as other expedite companies.
how comforting...instead of setting the bar, they lower to what others do....not quite a leader of the industry eh?
why not leave the rates where they were and let trucks fall off the grid that can't afford to stay...
I am not with the Fed, but I can tell you that the broker rates they put up are competitive. If I was to venture a guess, with less trucks they are brokering more freight than previous years. Since a outside carrier hauls it for more, they possibly have to subsidize that internally to maintain the same overall margin.
That would explain a lot of the low load offers.
Again, certainly not a fact except for the rates which I see. Just an educated guess with this mode of operating not limited to just the Fed.
That would explain a lot of the low load offers.
Again, certainly not a fact except for the rates which I see. Just an educated guess with this mode of operating not limited to just the Fed.
greg334
Veteran Expediter
What a great company line. Why are they worried about competition with expedite freight when they are a package carrier?
I mean WOW! talk about pulling the plug on all these ideas that the rates are going up as the economy "improves". When the largest company in the group is dropping their rates, it will cause a domino effect for those who see the rates and think they have to follow.
Wonder if W/G rates are also dropping?
I mean WOW! talk about pulling the plug on all these ideas that the rates are going up as the economy "improves". When the largest company in the group is dropping their rates, it will cause a domino effect for those who see the rates and think they have to follow.
Wonder if W/G rates are also dropping?
Not ours Greg. I just checked our average loaded mile rate is up .02 per mile over the same time last year. Our average rate per all miles is up .03 over the same time last year.
You are also a lot smarter now then last year on your load selection..that is worth a lot...
You are also a lot smarter now then last year on your load selection..that is worth a lot...
Maybe. I am not sure on that one. We have seen a big difference in the "type" of loads we carry. We turn down all of those "stupid" offers no matter how often we are offered them. We always include a rate that we are willing to run that load for. We always put the rate at a level that makes us a profit. If they need it moved, they can pay us. We just won't run the garbage that is being offered. If I go out of business it will be on MY terms. I won't let then run me out by taking those goofy low ball loads.
I read the wrong lines. Our Average loaded miles are up .04 per mile and our average per all miles is up .08 per mile. Our gross is up despite having to take off more time for health stuff.
As others have stated, our 2010 revenue is also up from 2009 levels. What has changed is the number of loads we turn down to sustain good revenue numbers. Behind that change is the company change of sending out a boatload of money-losing offers that we did not see before; and often sending the same money-losing offer again and again and again and again.
greg334
Veteran Expediter
BUT Layout, I am not talking about the rates you get, it is the rates that are quoted to the customer.
How many loads that should go to W/G trucks end up to surface trucks or even go outside the system?
Can't tell because no one really knows.
Your revenue may be up, which is a good thing but shouldn't it progress upwards because of the specialized nature of your tools?
Shouldn't the company work harder to find more opportunities to keep the trucks moving?
Doesn't revenue get produced when that truck is moving?
How many loads that should go to W/G trucks end up to surface trucks or even go outside the system?
Can't tell because no one really knows.
Your revenue may be up, which is a good thing but shouldn't it progress upwards because of the specialized nature of your tools?
Shouldn't the company work harder to find more opportunities to keep the trucks moving?
Doesn't revenue get produced when that truck is moving?