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mcclain
Guest
Well now that would be free advertising and I can't do that here......I want to, but I just can't......Moot, are you also going to want my Cracker Jacks?
I fail to see how, with the amount of money Panther takes every week from it's contracted O/O it can cost them a DIME when a O/O is sitting.
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mcclain
Guest
Panther sends you a load offer:
Miles 500
Flate rate pay $700.00
Panther bill to customer $1,000
Expenses to Panther: long distance phone call to or from the customer and yes there is a cost to that even if the incoming call is a toll call, cost of office supplies to fullfil the order, cost to run the computer to take the order, cost of paying the employee to take the order, cost of processing the order through dispatch, to credit and over to billing, cost to operate their office (electric, gas etc), cost of purchasing office systems, insurance cost of the buildings/property, property taxes on the buildings, payroll of office staff, matching payroll taxes for office staff, required broker bond/insurance, carrier insurance, and I am sure there is more.........
So they take a clip of that $300 to pay for those expenses.
Now they offer you similiar runs but for whatever reason they are turned down..........
now some of those expenses listed are expenses they will have no matter if you take a load or not..........so if I have an expense that is PARTIALLY created by you or for you then doesn't the company have a right to find someone to generate an income for them to cover those expenses..............
of course they do!
Don't like it........well, you could run your own company - gee and that's how I found out the hard way that these companies aren't that bad.......they want to make money just like you.........
Miles 500
Flate rate pay $700.00
Panther bill to customer $1,000
Expenses to Panther: long distance phone call to or from the customer and yes there is a cost to that even if the incoming call is a toll call, cost of office supplies to fullfil the order, cost to run the computer to take the order, cost of paying the employee to take the order, cost of processing the order through dispatch, to credit and over to billing, cost to operate their office (electric, gas etc), cost of purchasing office systems, insurance cost of the buildings/property, property taxes on the buildings, payroll of office staff, matching payroll taxes for office staff, required broker bond/insurance, carrier insurance, and I am sure there is more.........
So they take a clip of that $300 to pay for those expenses.
Now they offer you similiar runs but for whatever reason they are turned down..........
now some of those expenses listed are expenses they will have no matter if you take a load or not..........so if I have an expense that is PARTIALLY created by you or for you then doesn't the company have a right to find someone to generate an income for them to cover those expenses..............
of course they do!
Don't like it........well, you could run your own company - gee and that's how I found out the hard way that these companies aren't that bad.......they want to make money just like you.........
McClain, sheesh. You managed to list all those expenses, and were only able to come up with a single revenue source to cover it all. Yes, Panther incurs some expenses for each and every truck signed on with the fleet. They also pay about about $17 a month on average for each vehicle's QC while collecting $140 from the drivers. They make a snotload of interest on banked monies and investments, not to mention brokerage fees that they take in, both for their loads and loads they broker to others from the get-go. They also make money by paying themselves rent and writing it all off.
Where they lose money is not in a truck sitting idle, but with too many trucks with low acceptance rates in an area where they need the trucks to accept the loads. If they have an area with 10 loads a day going out, with trucks sitting there, that's fine as long as all 10 loads get accepted. But if half those trucks are sitting there with 30% acceptance rates, those 10 trucks suddenly become 7 or 8 trucks, and the remaining loads have to be brokered out at a reduced net revenue. But on an individual basis, a given truck costs them nothing to keep on the books. Not a dime.
Where they lose money is not in a truck sitting idle, but with too many trucks with low acceptance rates in an area where they need the trucks to accept the loads. If they have an area with 10 loads a day going out, with trucks sitting there, that's fine as long as all 10 loads get accepted. But if half those trucks are sitting there with 30% acceptance rates, those 10 trucks suddenly become 7 or 8 trucks, and the remaining loads have to be brokered out at a reduced net revenue. But on an individual basis, a given truck costs them nothing to keep on the books. Not a dime.
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mcclain
Guest
Turtle -
The picture I attempted to simply explain was that for each truck under the authority, banner, contract, agreement or whatever you want to call it with Panther or any motor carrier carries with it certain expenditures.
While Panther may make money off of various other ventures or investments they should not be using those profits from those seperate ventures or investments to cover the expenses of their motor carrier/broker divison of Panther.
The expenses of Panther should be covered by revenue generated by those trucks under the authority, banner, contracts or agreements with Panther.
Now, if you say they are paying themselves rent, then writing it off as an expense, so be it. It is one divison of the whole corporate structure of Panther or any large corporation paying thier bills to the other side of the corporation which actually owns the property - that's business my freind, that's proper business structure.
And if you actually think that an empty truck sitting anywhere, no matter where it is, no matter what the freight load or traffic is, does not generate an expense I must disagree with you.
Public liability insurance is still paid, accounting expenses are still generated just to keep track of an empty truck and a whole array of other expenses.
Look, I might not like how things are done in big business, but if we want to run with the big dogs - we have to be willing to accept the bite and understand they have every right to do with their profits as they see fit - not as what we think.
The picture I attempted to simply explain was that for each truck under the authority, banner, contract, agreement or whatever you want to call it with Panther or any motor carrier carries with it certain expenditures.
While Panther may make money off of various other ventures or investments they should not be using those profits from those seperate ventures or investments to cover the expenses of their motor carrier/broker divison of Panther.
The expenses of Panther should be covered by revenue generated by those trucks under the authority, banner, contracts or agreements with Panther.
Now, if you say they are paying themselves rent, then writing it off as an expense, so be it. It is one divison of the whole corporate structure of Panther or any large corporation paying thier bills to the other side of the corporation which actually owns the property - that's business my freind, that's proper business structure.
And if you actually think that an empty truck sitting anywhere, no matter where it is, no matter what the freight load or traffic is, does not generate an expense I must disagree with you.
Public liability insurance is still paid, accounting expenses are still generated just to keep track of an empty truck and a whole array of other expenses.
Look, I might not like how things are done in big business, but if we want to run with the big dogs - we have to be willing to accept the bite and understand they have every right to do with their profits as they see fit - not as what we think.
I'm confused. I've been following this saga.. but don't get it.
Let's see, just not to long ago, Greg McClain, aka McClain, aka Fort Wayne, aka Chuckwagon was in trouble for stealing...er .. excuse me.. not returning a Bolt fleet owner's truck that he claimed owed him money. He freely admitted hiding the truck, and holding it ransom to get what was owed him.
A few months later, he was on here asking what freight rates were, and then began posting as McClain Logistics. He gave up that business and his broker license was revoked for some odd reason.. he then resurfaces as his own CARRIER McClain transport... a short few weeks later, he 'merges' with another company who was glad to get his years of experience and all his company 'assets' he had built up in 3 months or so.
Did I miss anything?
Now he has a terminal?
Um... Greg, is your car parked in the 'terminal' also? Hey.. on your way to the Dispatch Center, could you grab me a beer from the fridge? I'll be in the "Driver Lounge" seeing a man about a horse and reading the paper.
Wow. Can you imagine the business luck this guy must have to have such a huge venture in a year and a half!
Oh.. go union or go home, right Greg? What happened to that!!!
Dave J.
Let's see, just not to long ago, Greg McClain, aka McClain, aka Fort Wayne, aka Chuckwagon was in trouble for stealing...er .. excuse me.. not returning a Bolt fleet owner's truck that he claimed owed him money. He freely admitted hiding the truck, and holding it ransom to get what was owed him.
A few months later, he was on here asking what freight rates were, and then began posting as McClain Logistics. He gave up that business and his broker license was revoked for some odd reason.. he then resurfaces as his own CARRIER McClain transport... a short few weeks later, he 'merges' with another company who was glad to get his years of experience and all his company 'assets' he had built up in 3 months or so.
Did I miss anything?
Now he has a terminal?
Um... Greg, is your car parked in the 'terminal' also? Hey.. on your way to the Dispatch Center, could you grab me a beer from the fridge? I'll be in the "Driver Lounge" seeing a man about a horse and reading the paper.
Wow. Can you imagine the business luck this guy must have to have such a huge venture in a year and a half!
Oh.. go union or go home, right Greg? What happened to that!!!
Dave J.
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According to various posting on this site Panther has 1,500 Cargo Vans/Sprinters under contract. Each having Panther deduct from there monies due at least $160.00 per week whether they are running or sitting. That's $240,000 a week to Panther. There is no way in the world that Panther pays Insurance to what ever Company their tied up with on a weekly basis, it's either monthly or Quarterly. Which leaves a LOT of some one else's money in Panthers checking account.To help pay their phone bill.
there is a COST in doing business, it's called OVERHEAD. Having an O/O sitting for days at a time cost's the O/O not Panther.
And you did that quite well, except for leaving out the part of the revenue stream the truck generates, even when idle.
And yet, they do. Just like they use profits from the carrier/broker division to cover the expenses of other aspects of their business. Revenue in, expenses out, bottom line what matters.
Well, I'm sure Panther's CFO will be giving you a call for advice any minute now.
Yes, I'm aware of that. That's why I brought it up.
I never said it didn't generate an expense. It does. It's just that the expense doesn't trump the revenue, even when idle. What I said was the expense generated by the empty truck is more than offset by the QC revenue alone, 'cause it is. If you want to boil it down to just freight revenue and just the expenses related to that truck, including office supplies and utilities and support personnel salaries, the QC fees they are collecting are far and away more than the expenses incurred.
Yeah, pennies per day, versus the $4.99 per day they receive in QC fees. I've been OOS all week, and will be most or all of next week, too. The five or ten dollars it costs them to have me on the books and OOS for a couple of weeks pales in comparison to the $70 they'll take in for my QC fees.
Year-to-date I've been OOS for 32 days, and for those 32 days Panther has collected $159.68 in QC fees. Their expenses incurred for me are in the $40 to $50 range. It's that simple.
If that's true, they why would you say, "While Panther may make money off of various other ventures or investments they should not be using those profits from those seperate ventures or investments to cover the expenses of their motor carrier/broker divison of Panther."?
Not a thing, Dave, not a thing.
Jefferson3000
Expert Expediter
Well Dave, for not posting very often, you definitely have kept a close eye on the events at hand. Spot on, I say.
Hope you'll post more.
So this Maclain guy is one in the same Fort Wayne that got all huffy we didn't agree with him...told us to sc#ew ourselves and huffed off...and now comes back all nicey nicey???....
hmmmm
hmmmm
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mcclain
Guest
Ont.VanMan -
Yep that's me! I am Mr Nice Guy now. You know you have the right person sit you down and talk to you and not down to you (like you seem to do and a few others) and it makes understanding things alot easier and it makes you understand your own behavior and sins.
Dave Johnson -
Dude - that is some funny stuff!
Yep, you got most of that right. Did I hide a truck, yes.
Did he owe me money - yes.
Was I in the wrong - 100% yes.
Did I ask about freight rates -yes
Now, while the brokers license was revoked it was because I cancelled out my bond. I did not pay my monthly bond payment thus that info is sent to the feds and it then revokes my bond. But, it was my choice to walk away from that mistake.
Now, the carrier deal, in case you missed it turned out not to be a merger but more of them appointing me as an agent to run THEIR terminal.
So - Dave you can stop by anytime and see the terminal/office/drivers lounge if you wish - happy to have you stop in.
In closing to you Dave - enough of the union BS, its’ in the past, it’s a dead topic - and move on.
Ok - I will close this whole thing out by saying for those of you who want to keep on bringing up my past business ventures, rejections, failures, miscues, idiotic statements to others, and other mistakes I HAVE CREATED, I will only say, you have every right to do so. But, I have moved on, past the childish fights in most cases I would start. I would hope that the rest of you few could someday do the same.
Yep that's me! I am Mr Nice Guy now. You know you have the right person sit you down and talk to you and not down to you (like you seem to do and a few others) and it makes understanding things alot easier and it makes you understand your own behavior and sins.
Dave Johnson -
Dude - that is some funny stuff!
Yep, you got most of that right. Did I hide a truck, yes.
Did he owe me money - yes.
Was I in the wrong - 100% yes.
Did I ask about freight rates -yes
Now, while the brokers license was revoked it was because I cancelled out my bond. I did not pay my monthly bond payment thus that info is sent to the feds and it then revokes my bond. But, it was my choice to walk away from that mistake.
Now, the carrier deal, in case you missed it turned out not to be a merger but more of them appointing me as an agent to run THEIR terminal.
So - Dave you can stop by anytime and see the terminal/office/drivers lounge if you wish - happy to have you stop in.
In closing to you Dave - enough of the union BS, its’ in the past, it’s a dead topic - and move on.
Ok - I will close this whole thing out by saying for those of you who want to keep on bringing up my past business ventures, rejections, failures, miscues, idiotic statements to others, and other mistakes I HAVE CREATED, I will only say, you have every right to do so. But, I have moved on, past the childish fights in most cases I would start. I would hope that the rest of you few could someday do the same.
jaminjim
Veteran Expediter
McClain, if you would stop plugging (advertising) your company there is at least one poster (me) that will quit pestering you. When you say come on over to my/our terminal we really are smart enough to know that you are just trying to keep the company you work for in the news of the day. Once you start paying EO some money to advertise, some of us won't mind as much. although you should not do it in/on the forums at all.
Well, there are two problems, one is, you can't take a dump in someone's living room and then say, "Ooops, sorry, forget it ever happened," 'cause no one is gonna forget it happened. You can try to pretend it didn't happen all you want, but it did. Everything you do and say in the future is colored by that dump. And you had several dumps.
The other problem is, you really haven't moved on. Not really. You've merely moved to a different plateau of misrepresentations and inflated stories. You post things that are worded to come from great authority and experience, of which you have neither. In the midst of the non-merger merger you kept calling it a merger, and kept (and are still) referring to drivers, trucks and terminals as if you own them, to add to the aire of authority. I'm guessing you weren't "appointed" at all, but were hired as an employee, complete with a W-2 form and everything, 'cause that's the only way a company would even consider allowing anyone, "agent" or otherwise, to "run THEIR terminal".
The other problem is, you really haven't moved on. Not really. You've merely moved to a different plateau of misrepresentations and inflated stories. You post things that are worded to come from great authority and experience, of which you have neither. In the midst of the non-merger merger you kept calling it a merger, and kept (and are still) referring to drivers, trucks and terminals as if you own them, to add to the aire of authority. I'm guessing you weren't "appointed" at all, but were hired as an employee, complete with a W-2 form and everything, 'cause that's the only way a company would even consider allowing anyone, "agent" or otherwise, to "run THEIR terminal".
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mcclain
Guest
Ok I will address these last two post in a new thread.
PalletJack
Expert Expediter
WOW! I can't imagine having to have that conversation with a grown man.