Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Looking to Purchase a Ground Route
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="rkj77" data-source="post: 1385097" data-attributes="member: 54616"><p>Thanks for the post - lots of great info. Sorry, let me clarify how I arrived at gross vs net. His settlement sheets from Fed Ex as well as his 1099 for 2013 shows income of $140k after all Fed Ex deductions were taken out, which were about $90/week, so that is what I am calling gross. After the Fed Ex deductions and the remaining expenses of vehicle maintenance and fuel, his final net as reflected on his corporate return was $119k. Because the truck is old, his maintenance expense averages out to be >$200 per week. His fuel costs are on the lower side since the route is 5 mins from the terminal and averages just 50-60 miles per day. He also takes 5 weeks vacation, so these numbers would be higher since I would not take as much time off.</p><p></p><p>Getting a newer and more reliable truck is a no brainer since he is spending >$800/month on the old truck now.</p><p></p><p>He averages about 40 pickup and 100 delivery stops a day during non-peak. I would think there is overlap there, but I am not totally sure how that is calculated yet. His peak numbers are higher, but not as much as they would be because he chooses to flex a lot.</p><p></p><p>I am going to ride the route with him for a week and also find out all of the info you've presented such as swing drivers, other single route owners, etc. before making a decision one way or the other.</p></blockquote><p></p>
[QUOTE="rkj77, post: 1385097, member: 54616"] Thanks for the post - lots of great info. Sorry, let me clarify how I arrived at gross vs net. His settlement sheets from Fed Ex as well as his 1099 for 2013 shows income of $140k after all Fed Ex deductions were taken out, which were about $90/week, so that is what I am calling gross. After the Fed Ex deductions and the remaining expenses of vehicle maintenance and fuel, his final net as reflected on his corporate return was $119k. Because the truck is old, his maintenance expense averages out to be >$200 per week. His fuel costs are on the lower side since the route is 5 mins from the terminal and averages just 50-60 miles per day. He also takes 5 weeks vacation, so these numbers would be higher since I would not take as much time off. Getting a newer and more reliable truck is a no brainer since he is spending >$800/month on the old truck now. He averages about 40 pickup and 100 delivery stops a day during non-peak. I would think there is overlap there, but I am not totally sure how that is calculated yet. His peak numbers are higher, but not as much as they would be because he chooses to flex a lot. I am going to ride the route with him for a week and also find out all of the info you've presented such as swing drivers, other single route owners, etc. before making a decision one way or the other. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Looking to Purchase a Ground Route
Top