chris hamachi
Member
Hi guys,
First time poster, but been doing a lot of reading on the board. I’m looking to purchase a set of 6 routes and wanted to get some feedback from the members of the board. There’s a good mix of the drivers, contractors and previous employees, so I’m glad I’m able to get an overall sense what I’m in store for. If anything, the two main take away I got from this was,
1. Your drivers will make or break your business so take care of them; and remember to have a backup driver.
2. Have a good understand of the cost, especially the costs of maintaining the trucks. Have 1 truck as a backup.
Question to folks like bbsam, gixxer squid, STFXG, CJinx
1. How different were your contracts with Fedex before/after change from ISP model?
a. From the post, it seems like the #’s are a lot worse, is there a factor I can add into the current settlements to estimate what the numbers will be after conversion to ISP model?
b. Aside from settlement #’s, what are the other factors that will change once routes have been converted to ISP model?
c. How will the cost mode change with the change to ISP model or will there be no change?
2. What is the typical # of stops per route before it’s too much for one driver?
3. For 6 routes, how many backup drivers and backup trucks are recommended? If we grow more, 8-10 how does this number change?
Please note, I know everyone on board is passionate about their beliefs and their opinions regarding Fedex. I am not looking for discussions on how evil Fedex is or UPS vs. FEDEX. I am just looking for an insiders opinion on what he/she may think the current risk is to their investment as an independent contractor, with the understanding that a good business model is first and foremost to take care of the drivers and trucks.
I am actually meeting with the route broker early next week to a full review on the settlement numbers and all the associated cost. Any feedback is greatly appreciated.
Would love to have a PM conversation going or even a phone call would be awesome.
Thanks! Good luck with PEAK!
First time poster, but been doing a lot of reading on the board. I’m looking to purchase a set of 6 routes and wanted to get some feedback from the members of the board. There’s a good mix of the drivers, contractors and previous employees, so I’m glad I’m able to get an overall sense what I’m in store for. If anything, the two main take away I got from this was,
1. Your drivers will make or break your business so take care of them; and remember to have a backup driver.
2. Have a good understand of the cost, especially the costs of maintaining the trucks. Have 1 truck as a backup.
Question to folks like bbsam, gixxer squid, STFXG, CJinx
1. How different were your contracts with Fedex before/after change from ISP model?
a. From the post, it seems like the #’s are a lot worse, is there a factor I can add into the current settlements to estimate what the numbers will be after conversion to ISP model?
b. Aside from settlement #’s, what are the other factors that will change once routes have been converted to ISP model?
c. How will the cost mode change with the change to ISP model or will there be no change?
2. What is the typical # of stops per route before it’s too much for one driver?
3. For 6 routes, how many backup drivers and backup trucks are recommended? If we grow more, 8-10 how does this number change?
Please note, I know everyone on board is passionate about their beliefs and their opinions regarding Fedex. I am not looking for discussions on how evil Fedex is or UPS vs. FEDEX. I am just looking for an insiders opinion on what he/she may think the current risk is to their investment as an independent contractor, with the understanding that a good business model is first and foremost to take care of the drivers and trucks.
I am actually meeting with the route broker early next week to a full review on the settlement numbers and all the associated cost. Any feedback is greatly appreciated.
Would love to have a PM conversation going or even a phone call would be awesome.
Thanks! Good luck with PEAK!