Thursday, July 31, 2008

FedEx

Freight out of here still hasn't picked up, so I'm still at home.

FedEx recruiter called Tuesday and made this offer to move the International and one of the Sprinters from T/S to FCC.

$1000 sign on bonus for each truck. Free sign removal Free sign installation Total value of the offer came to $3,140. International qualifies for White Glove after 6 months. He went on about how FCC pays more than T/S both on the linehaul and deadhead miles, how FCC is better because they have a larger customer base and how the FedEx name is a better draw to customers, etc. Told him I'd get back to him.

Did the research.

Advantages:
The sign on bonus is attractive. Half paid at orientation, half after the 25th load is completed. Deadhead miles do pay better with FCC. They pay the FSC on all dispatched miles in addition to the deadhead pay. Customer base is larger, and the FedEx name is a good draw. Qualcomm rental is the same as T/S so that's a wash. Bobtail insurance is cheaper since they have a large fleet. 1400 trucks of all types.

Disadvantages:

Escrow is $1500 for the International, $1000 for the Sprinter. Three times what T/S escrow is. They have a new dispatch system that is totally computerized. Load offers come over the QC only they make no phone calls. You have 10 minutes to respond by QC or phone. Problem if you're sleeping and don't hear the QC beep. They list the revenue average for the International at $1.87 per mile loaded, $1.00 for all miles based on a 56% load acceptance rate. Sprinter is $1.45 loaded, $.72 all miles based on a 67% load acceptance. T/S pays by the mile. Catch is that FCC pays by percentage and since most C unit loads are B unit size freight, the International would be paid the B unit rate for most loads. The projected yearly average for the Sprinter is about 20k less than what I project it to make with T/S. White Glove prefers teams and there is a waiting list. Drivers HAVE to have Hazmat endorsements and Canada FAST cards.

I'll be staying with T/S

Sprinter #1
DECATUR/ IL LAFAYETTE/ IN
SO BEND/ IN E PEORIA/ IL
CHAMPAIGN/ IL GRIFFIN/ GA
DAWSONVILLE/ GA FT VALLEY/ GA

Sprinter #2
TAH

Sprinter #3
WAYCROSS/ GA CINCINNATI/ OH Transferred at Nashville
Bonused to Louisville
LOUISVILLE/ KY SELMER/ TN

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