Just an observance but someone making a large amount of money would not normally be to concerned about getting 55% of a settlement a few days later than the first 45%. IMHO
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Just an observance but someone making a large amount of money would not normally be to concerned about getting 55% of a settlement a few days later than the first 45%. IMHO
mjolnir131
Veteran Expediter
Nor probably running below 67% i would imagine, your minimum daily operating cost would be eating up way to much.
Just for example you sit 2 day and get a run that nets you 300 after fuel and your daily average expense is 100 no matter what you just made 0 dollar's.Thats just a simple example YMMV.
miguy1957
Expert Expediter
I cant really believe the number of people that are OK with Panthers newest rule change. I guess yall are Ok with taking a undesireable or money losing load just to keep you numbers up.. So its Ok if you run into an area that has alot of underdesireable loads and you have only been only getting 2-3 load offers a week. Thats only 12/ month and you get offered 4 bad loads in a row, Bam!! you are below 67% and no more load offers . Now you are out of Business or have to find a new Carrier or sit out 30days to reset your acceptance, all the while paying your QC and Ins payments. And a lot of you are OK with that.............Unbeliveable..............I kind of like being in charge of what loads I take and what I turn down makes me feel like Im running my Business and not their Employee.
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If you REALLY want to run your own business, when you finish a load, just take yourself out of service. Then book your own load and your percentage will be just fine.
We are in the 80/90 range, and we don't run anything that we can't make money on.
Nothing really has changed. If your percentages were bad, they were loading around you long before this ever came up.
They are just being more up front about it now.
We are in the 80/90 range, and we don't run anything that we can't make money on.
Nothing really has changed. If your percentages were bad, they were loading around you long before this ever came up.
They are just being more up front about it now.
miguy1957
Expert Expediter
Its not as easy to find your own load in a Cargo Van.. My point is that anyone can have a string of undesireable load offers and they are trying to force you into taking them or the threat of being offered nothing. I am just suprised how many people are OK with it.
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miker
Seasoned Expediter
I know I should just stay out of this, since we're not with Panther, but well, this isn't in the Panther Forum..
Let me take a stab at this from my devil's advocate, not-personally-affected position of an outside perspective.
So Panther has 4 trucks in a given area. They also have way too many trucks than they need at this time. They want to spread the wealth as much as possible, to keep it fair, which is... only fair. They have an order they go in, whatever it is.. you're next on the list.. it just so happens, it's not a rose. But it's still at your rate. They offer it to you in good faith, being next on the list, as they are supposed to.. you freak out because it's a shortie with too much deadhead. You decline the opportunity. Thankfully they have 3 other trucks to try. One of them takes it.. perhaps they end up getting one of those cooked gooses as a result. You just don't know. Meanwhile, you can sit and complain about only getting 2 loads per month, while your fixed costs keep clicking away.
If Panther didn't have those other trucks to offer the load to, what then? Time is lost in posting the load, and dealing with an outside entity. Maybe they lose yet another customer over it.
Things are not normal right now. Everyone has to work together til it turns around. If you can't afford to do that, park your truck til it does turn around. Take yourself out of service. There's nothing worse to a carrier than booking a load when they have trucks available, only to find they really don't have trucks available.
It's not right, the freight should pay better, the deadhead should be covered, you should get good loads in return for doing bad ones, favors should be remembered, there should be more freight for the amount of trucks available. What can they do?
Seems one thing they can do is reduce the amount of available trucks. So they pick the ones who let them down 33% of the time, and stop giving them freight for awhile. In effect, they're being nice by not saying, 'goodbye', and instead, simply penalizing them, and rewarding the ones that say 'yes'.
Everyone has talked on here for ages about the fact you must have reserves for the downtimes. Now is such a time. Use your reserves to carry you through the dog loads in the hope of getting the goose loads as a result, or park your truck, or admit defeat. If you try, and you cooperate, and you use your reserves to the point you don't want to use any more, and it's still not working for you, basically that means it's game over. Reality bites.
Let me take a stab at this from my devil's advocate, not-personally-affected position of an outside perspective.
So Panther has 4 trucks in a given area. They also have way too many trucks than they need at this time. They want to spread the wealth as much as possible, to keep it fair, which is... only fair. They have an order they go in, whatever it is.. you're next on the list.. it just so happens, it's not a rose. But it's still at your rate. They offer it to you in good faith, being next on the list, as they are supposed to.. you freak out because it's a shortie with too much deadhead. You decline the opportunity. Thankfully they have 3 other trucks to try. One of them takes it.. perhaps they end up getting one of those cooked gooses as a result. You just don't know. Meanwhile, you can sit and complain about only getting 2 loads per month, while your fixed costs keep clicking away.
If Panther didn't have those other trucks to offer the load to, what then? Time is lost in posting the load, and dealing with an outside entity. Maybe they lose yet another customer over it.
Things are not normal right now. Everyone has to work together til it turns around. If you can't afford to do that, park your truck til it does turn around. Take yourself out of service. There's nothing worse to a carrier than booking a load when they have trucks available, only to find they really don't have trucks available.
It's not right, the freight should pay better, the deadhead should be covered, you should get good loads in return for doing bad ones, favors should be remembered, there should be more freight for the amount of trucks available. What can they do?
Seems one thing they can do is reduce the amount of available trucks. So they pick the ones who let them down 33% of the time, and stop giving them freight for awhile. In effect, they're being nice by not saying, 'goodbye', and instead, simply penalizing them, and rewarding the ones that say 'yes'.
Everyone has talked on here for ages about the fact you must have reserves for the downtimes. Now is such a time. Use your reserves to carry you through the dog loads in the hope of getting the goose loads as a result, or park your truck, or admit defeat. If you try, and you cooperate, and you use your reserves to the point you don't want to use any more, and it's still not working for you, basically that means it's game over. Reality bites.
Saying things like that will get you banned from EO. No you just dont know me, I'm crazy. right Dreamer and Davekc. lol
cruzer
Not a Member
I must be missin out on something by working with a small carrier but when I read all of these post about how much do you make takeing sucker loads and how much I make pickin and choosin I had to go back and refresh my memory,by takeing every load ever offered me I've or I should say we've done very well and I don't mind shareing. Our first full year 140,000 gross to the truck and 180,000 our second year and things were a little slow toward the end of this past year and we went down to 160,000 but I don't think thats bad for greenhorns at a small carrier and I'm sure you big carrier drivers may have better numbers than us but is it worth all the stress you seem to be under.some seem to be happy with the changes goin on others well ,,,,,,I should just leave well enough alone.Hope you guys and gals get it all worked out,good luck.
Phil
I can't really say that have very deep pockets that I have seen myself. I can only go by what I have been told by Davekc and Leo over the years. I think DaveKc can get you what your looking for. Sorry I should have said from what I have been told Panther has Deep pockets. I have been told that FedEx has very deep pockets too, but I have never seen for myself. That don't mean they don't. Thats all.
termite289
Expert Expediter
ehh, same thing as other thread, just a different title
It is not the "over the years" part that I am wondering about. It is the present. Trucking companies are dropping like flies. Expediting companies are seriously challenged and some have failed. At least some private equity companies have failed. I know of few asset classes that have gone up in value in recent months and stayed there.
Fenway is a private equity company known to have a portfolio of trucking companies. How they have been affected in recent times is unknown because it is a private company. That is why I was curious. If you had a way to make the unknown known, I would be interested.
So, until more is known, Bruno, are you still willing to assert that Fenway has deep pockets? And if so, on what basis?
As for FedEx, I am willing to make the assertion. A look at their public data verifies deep pockets. Revenues are down but deep pockets remain.
That means nothing for FedEx Custom Critical. Custom Critical's future existence is only as stable as the parent company chooses to make it, whether the economy is growing or shrinking, whether FDCC is making money or not, whether the freight recession continues or abates.
FDCC has been in the FedEx family for a long time and has gone through periods of weakness. FedEx did not dump it then and I do not expect FedEx to dump it now.
As for the morphing of FDCC into other FedEx division or doing the same with FDCC services, it could happen in theory but I see no reason to expect that it will. FedEx already has ways of moving LTL and truckload freight and moving it fast. The unique, exclusive-use and high-value freight transport value proposition that FDCC offers is just that, unique. FDCC adds in-house capabilities to the FedEx family of companies that FedEx would not have without FDCC. Therefore, I remain confident that the FDCC service offerings will continue.
Notice what FedEx did with Passport Transport when it acquired it. The new addition to the FedEx family of companies was placed under FDCC. That is hardly a sign that FDCC has no future with FedEx as some like to imply.
It has already happened that FDCC was moved to another division. That happened a while back when FDCC was put under FedEx Freight. Impact to contractors? None of significance that Diane and I saw. Our relationship with FDCC and reasons for staying were unchanged.
well whose gonna start running the crappy loads you've been taking?teams i guess. some how that seems less loads will be offered to you. whose gonna be picking there nose now?
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