fedex ground line haul
#1
04-17-2007, 12:58 PM
fedex ground line haul
is anyone here an independent contractor for fedex ground? I have a good friend who runs 7 trucks for them and is making a good living doing it, he is encougaging me to do the same. I am looking at buying a route and truck from a couple that has been running almost 2yrs for them ( husband is haveing medical issues) I would inherit their senority, so that would include .99 per mile, safety bonus, points to purchase a dedicated route. you can fuel at the FX hubs for $1.25 gallon. the numbers look good but I would like to hear from others who run for them.
#2
04-17-2007, 02:59 PM
All that ,but you forgot to mention the fact that the vehicle has to be team operated, meaning that you will have to hire a co-driver that will be there with you 24/7 and pay him salary, so that 1.25pg is not helping you any.
There are plenty of carriers that you can make the same money with and pay the fuel at the regular price and be by yourself.... One thing i dont like Fedex for is that you are constantly monitored, you talk about safety bonuses and yes, there are there but if the catch you going over a posted speed limit anywhere in the country ( and they can-QUALCOMM ) you will blow it in a second, plus sharing my bunk with someone, nah, i could not do it but alot of peeps can so its up to you...and i dont know how can you inherit someones senority if you only bought their truck, truck doesnt drive itself, thats your job and you cant inherit where they left off by just driving it, YOU have to work your way up to the top, not the truck, they will start you at .90 :roll: . Think about that before you make the move, resarch it some more, dont just jump on it..youll be better off, TRUST ME !
#4
04-17-2007, 05:55 PM
Originally Posted by Jackrabbit379
Not all Fed Ex Ground drivers are team drivers. Some are solo.
Friend of mine runs up to Greensboro(100 miles) constantly, he gets to go to Ohio and back in 4 days, checks average 800-900 per week as a O/Op, ALOT of night driving and late deliveries, hes home Sunday 4 sure, gets home Saturday A.M. dead tired and i havent talked to him in weeks because of it.... As a solo company driver i averaged 1200-1600 per week, something to think about :!:
#5
04-17-2007, 11:37 PM
if I buy their truck I get to take their place in line at fedex wich means I will get their pay .99 cpm, I think your friend might be running in pickup and delivery not the line haul side of FX. it is a team truck and I plan on hiring drivers to run it for me :shock: I don't want to drive full time although I will if I don't have a driver , this is not my sole source of income I will still farm and do some electrical work and hope to clear enough per yr to make it worth my while.
#6
04-18-2007, 12:10 AM
Originally Posted by furbis
if I buy their truck I get to take their place in line at fedex wich means I will get their pay .99 cpm, I think your friend might be running in pickup and delivery not the line haul side of FX. it is a team truck and I plan on hiring drivers to run it for me :shock: I don't want to drive full time although I will if I don't have a driver , this is not my sole source of income I will still farm and do some electrical work and hope to clear enough per yr to make it worth my while.
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#7
04-18-2007, 12:37 AM
If it cost .70-.80cpm to operate a truck,and then pay 2 drivers wages after that how will you make any money?
that is the million dollar ?? and why I am asking ?? here. 5000 miles x .99 = $4950 gross pay for one week 5000 miles x .39 for 2 drivers = $1950 1950 x 21% for fica and WC = $409 fuel at 5 mpg and $1.25 per gallon = $1,250 insurance $53 per week fedex base plate $15 per week 4950 -1950 -409 -1250 -53 -15 _______ $1273 per week income to me 1273x52 = $66,196 annually 66,196 -14,000 maintanance per year on a team truck ________ $52,196 net before taxes to me, the folks who have the truck for sale want $46,000 for a 2002 T2000 with 680,000 miles on it with app 100,000 miles of engine warranty left on it. I don't think I will offer them that maybe closer to 40,000 wich I plan on paying for with a refinance on my house wich I understand I need to include this payment into my cost figures. I think that theese numbers are fairly accurate, my friend showed me his weekly settlement sheets and has helped me with the other costs associated with it, now to me this looks like a decent deal especially if I drive the truck during my slow time if I need a driver, please tell me what I am missing because I am sure there is plenty. mike3fan would you breakdown your cost of running a truck for me it would help greatly.
#9
04-18-2007, 01:13 AM
mike3fan would you breakdown your cost of running a truck for me it would help greatly.
Based on 10,000 miles a month it cost me roughly fuel .42 cpm based on $2.40@ gal truck .163 cpm insurance .03 cpm health ins .03 cpm tolls est. .02 cpm plates .013cpm maint .03 cpm taxes est. .07 cpm total .776 cpm
__________________
"I love college football. It's the only time of year you can walk down the street with a girl in one arm and a blanket in the other, and nobody thinks twice about it." --Duffy Daugherty
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