Attention: TDR Forum Junkies I wish I depositted 30,000 this month and had 7k in my pocket!
Thompson how did you get to login to Central Dispatch... through this guys account? I have always wanted to check out what the rates are like on there. Also I thought that you had to have an MC# to get on there?
He was logged to CentralDispatch at his laptop at his house.
It says on the site if you do not have an mc#, just put "none" in the space.
they have a trial offer where you have to sign up and then when they send you the bill you can cancel, so you get 30 days free trial.
I told him I had no interest in his personal bank account or walking around money, I would rather see his last years P&L statement that he used to complete the Schedule C.
I totally expected him to reach in a file cabinet and pull it out.
He said his accountant had all that stuff, when I asked about the logbooks, he said his accountant had that too.
Was interesting to surf the CD site.
SOme of the stuff paid almost nothing, and some paid really good, hauling a classic car in an enclosed trailer from Dallas to Atlanta was $1500.
WOW, find qnother one to go in the trailer, and bammo, $3,000 for a 900 mile trip that used $300 in fuel.
Get that on a return trip and you have a $4k profit, minus $800 insurance and you can take the rest of the month off.
And sometimes the cars would pay $150 from point A to point B and another car would pay $300 for the same trip on an open trailer.
Even with no ICC or logbooks, this clown is still buying fuel, or stealing it maybe, but he couldnt show me an income-expense sheet for each truck, which you gotta have for the IRS,
you gotta have the fuel recipts for the quarterly fuel tax report, which evidently he is not doing either, so that pretty much ended my intrest in his offer.
I got into this meeting because a couple of friends of mine met this guy and he was telling tham about all the cash he was making, and they were chomping at the bit to lay out some money for a truck & trailer, & they asked me to come with them since they knew I had owned 18 wheelers a few years ago.
I gave my friends a list of about 5 questions, and I told them I would casually ask them during the meeting, and if they guy hesitated or stumbled with the answer then he was a phoney.
WHen he said his driver would load 3 cars in GA and drive to Dallas in one day, I asked, "So, how does your driver record that in his logbook?"
he hemmed and hawwed.
"Well he might have to fudge it a little. "
I said its a 900 mile run, gonna take 18 hours driving time, not counting loading time on each end, and stopping for fuel and food, Been a while since I had to fill out a logbook, but I'm thinking that 600-650 miles the the max you can long in a single day, unless you log it as 5 hours on duty and 4 hours off duty, I called it rainbow logging, then you can legally log 15 hrs drive time in a 24 hour day, but even that wont get ya there. Your driver is maybe logging in pencil till he gets halfway, then changing it to say that he left Atlanta yesterday.
I asked how much his ins costs, brook trout stare, he didnt have any clue.
I asked about quarterly fuel tax reports, same thing.
I asked if he used an IRP apportioned tag or a regular tag, same thing, just a blank look.
Guy is a total wannabe,
he kept showing the $60K 8 car trailer he;s "gonna" order real soon. about how he wants to set up a feeder network of 3 car trailers to bring the cars to a yard and load them onto his 8 car rig to go to California and back each week.
After seeing some of the equiptment, truckbodies, truck cabs, armored 11,000 pound F-250s and such listed on the site,
I suggested that instead of a 3 car trailer that maybe it might be an advantage to put tracks or maybe a box on the back of the tractor and use a bumper pull, pintle hook equiptment trailer, so you could haul a car or some enclosed freight on the back of the tractor, and cars or backhoes bulldozers or whatever on the trailer.
and his response was, well the problem with that is lets say you take a Bobcat to New Orleans, there is no equiptment coming back.
He totally didnt get the point that you could also haul cars back on the same trailer.
Ive been trying to find out if his company name is even listed with an ICC MC #, but have no clue how to find out, surely the ICC has a website where you can look them up, but I cant get Google to find it.
My buddies were dissapointed cause they were all excited about him telling them they would be clearing $1000 a week, AFTER the expenses including the driver were paid.
All my friends could see were dollar signs, I assured them that they did not want to get involved with this guy, that it would bite them sooner or later.
Thompson how did you get to login to Central Dispatch... through this guys account? I have always wanted to check out what the rates are like on there. Also I thought that you had to have an MC# to get on there?
He was logged to CentralDispatch at his laptop at his house.
It says on the site if you do not have an mc#, just put "none" in the space.
they have a trial offer where you have to sign up and then when they send you the bill you can cancel, so you get 30 days free trial.
I told him I had no interest in his personal bank account or walking around money, I would rather see his last years P&L statement that he used to complete the Schedule C.
I totally expected him to reach in a file cabinet and pull it out.
He said his accountant had all that stuff, when I asked about the logbooks, he said his accountant had that too.
Was interesting to surf the CD site.
SOme of the stuff paid almost nothing, and some paid really good, hauling a classic car in an enclosed trailer from Dallas to Atlanta was $1500.
WOW, find qnother one to go in the trailer, and bammo, $3,000 for a 900 mile trip that used $300 in fuel.
Get that on a return trip and you have a $4k profit, minus $800 insurance and you can take the rest of the month off.
And sometimes the cars would pay $150 from point A to point B and another car would pay $300 for the same trip on an open trailer.
Even with no ICC or logbooks, this clown is still buying fuel, or stealing it maybe, but he couldnt show me an income-expense sheet for each truck, which you gotta have for the IRS,
you gotta have the fuel recipts for the quarterly fuel tax report, which evidently he is not doing either, so that pretty much ended my intrest in his offer.
I got into this meeting because a couple of friends of mine met this guy and he was telling tham about all the cash he was making, and they were chomping at the bit to lay out some money for a truck & trailer, & they asked me to come with them since they knew I had owned 18 wheelers a few years ago.
I gave my friends a list of about 5 questions, and I told them I would casually ask them during the meeting, and if they guy hesitated or stumbled with the answer then he was a phoney.
WHen he said his driver would load 3 cars in GA and drive to Dallas in one day, I asked, "So, how does your driver record that in his logbook?"
he hemmed and hawwed.
"Well he might have to fudge it a little. "
I said its a 900 mile run, gonna take 18 hours driving time, not counting loading time on each end, and stopping for fuel and food, Been a while since I had to fill out a logbook, but I'm thinking that 600-650 miles the the max you can long in a single day, unless you log it as 5 hours on duty and 4 hours off duty, I called it rainbow logging, then you can legally log 15 hrs drive time in a 24 hour day, but even that wont get ya there. Your driver is maybe logging in pencil till he gets halfway, then changing it to say that he left Atlanta yesterday.
I asked how much his ins costs, brook trout stare, he didnt have any clue.
I asked about quarterly fuel tax reports, same thing.
I asked if he used an IRP apportioned tag or a regular tag, same thing, just a blank look.
Guy is a total wannabe,
he kept showing the $60K 8 car trailer he;s "gonna" order real soon. about how he wants to set up a feeder network of 3 car trailers to bring the cars to a yard and load them onto his 8 car rig to go to California and back each week.
After seeing some of the equiptment, truckbodies, truck cabs, armored 11,000 pound F-250s and such listed on the site,
I suggested that instead of a 3 car trailer that maybe it might be an advantage to put tracks or maybe a box on the back of the tractor and use a bumper pull, pintle hook equiptment trailer, so you could haul a car or some enclosed freight on the back of the tractor, and cars or backhoes bulldozers or whatever on the trailer.
and his response was, well the problem with that is lets say you take a Bobcat to New Orleans, there is no equiptment coming back.
He totally didnt get the point that you could also haul cars back on the same trailer.
Ive been trying to find out if his company name is even listed with an ICC MC #, but have no clue how to find out, surely the ICC has a website where you can look them up, but I cant get Google to find it.
My buddies were dissapointed cause they were all excited about him telling them they would be clearing $1000 a week, AFTER the expenses including the driver were paid.
All my friends could see were dollar signs, I assured them that they did not want to get involved with this guy, that it would bite them sooner or later.
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