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Risk vs Reward - FedEx Independent Contractor
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<blockquote data-quote="gixxer squid" data-source="post: 1460223" data-attributes="member: 53297"><p>I was initially going to agree with STFXG Profit seemed a bit high with a full time manager but you put the gross as 293 and expenses 120. Seems like drivers are getting less than 700 a week. Might be a decent salary in your area. I would probably try and get the daily settlements to see how many stops are being done by the drivers each day. Are they being maxed out? Translating into over 120 stops (including pickups) per day. Drivers are going to be your achilles heel in this business. Get as much information as possible about them. Are they new? How long have they been driving for the contractor? I would also try and ride along with each of them for a full day. You will be able to glean much information on a full day with them.</p><p></p><p>What is the managers responsibilities? Is he helping out each day with bulk? </p><p></p><p>What were 2011 and 2012 numbers? We have a manager but we have had the perfect storm happen twice and I had to leave my job and drive for a month because we were out two people at the same time. It is imperative in my book that your know your routes, don't rely on your manager for everything. If your not somewhat involved, you may be held hostage by them. On my busiest day I schlepped 650 boxes, I did a sweep of all kinkos. When my guys start bitching and crying with a 400 box day I quickly pull out my phone and show them picture of my scanner showing what I did. Don't ask them to do anything that you can't do yourself. They will respect you for it.</p><p></p><p>As far as you being worried about loosing your investment and contract, highly unlikely. Even if you abandoned a truck for one day its unlikely you will loose ISP, however, you better figure out how to do it all the next day, LOL Fedex is fairly tolerant IMHO (probably cause no one else will do the <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />, LOL)</p><p></p><p>Have your own mechanic look at the 99 truck (as well as rest of them), we have a 98 that has 400,000 miles, no major problems</p></blockquote><p></p>
[QUOTE="gixxer squid, post: 1460223, member: 53297"] I was initially going to agree with STFXG Profit seemed a bit high with a full time manager but you put the gross as 293 and expenses 120. Seems like drivers are getting less than 700 a week. Might be a decent salary in your area. I would probably try and get the daily settlements to see how many stops are being done by the drivers each day. Are they being maxed out? Translating into over 120 stops (including pickups) per day. Drivers are going to be your achilles heel in this business. Get as much information as possible about them. Are they new? How long have they been driving for the contractor? I would also try and ride along with each of them for a full day. You will be able to glean much information on a full day with them. What is the managers responsibilities? Is he helping out each day with bulk? What were 2011 and 2012 numbers? We have a manager but we have had the perfect storm happen twice and I had to leave my job and drive for a month because we were out two people at the same time. It is imperative in my book that your know your routes, don't rely on your manager for everything. If your not somewhat involved, you may be held hostage by them. On my busiest day I schlepped 650 boxes, I did a sweep of all kinkos. When my guys start bitching and crying with a 400 box day I quickly pull out my phone and show them picture of my scanner showing what I did. Don't ask them to do anything that you can't do yourself. They will respect you for it. As far as you being worried about loosing your investment and contract, highly unlikely. Even if you abandoned a truck for one day its unlikely you will loose ISP, however, you better figure out how to do it all the next day, LOL Fedex is fairly tolerant IMHO (probably cause no one else will do the :censored:, LOL) Have your own mechanic look at the 99 truck (as well as rest of them), we have a 98 that has 400,000 miles, no major problems [/QUOTE]
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