Robert E. Low started Prime in Urbana, Missouri in 1970 with one dump truck. Robert's vision of providing the ultimate in customer satisfaction enabled Prime to expand rapidly to become a $50 million operation by 1980, when the company relocated corporate headquarters to Springfield, Missouri. The early 80's ushered in an era of deregulation, a national economic slow-down and an unprecedented purge in the trucking industry.

Prime, though they downsized operations considerable, remained resolute and diligent in their efforts. As a result, the company focused primarily on those areas of expertise which had proven to be most profitable. Emphasis was placed initially on refrigerated business and later expanded to include flatbed and brokerage services. Cost controls, customer service enhancements and an aggressive effort to recruit the most qualified personnel in the industry enabled Prime to continue to prosper while providing superior and reliable transportation services.

Since 1986, Prime has experienced an average growth in revenue in excess of 20% per year. Prime's personnel, equipment and technology remains on the cutting edge of the transportation industry, and the company's growth remains steady and well managed. Prime continues to position itself to serve customers well into the new millennium.

Pay & Benefits

* Operator shall be paid 72% of the line haul revenues on the freight you haul. "Line haul revenues" means all amounts paid by customers for transportation excluding any accessorial charges.

* Operator shall be paid a minimum of $50 for each tarped load delivered.

* Operator shall receive no less than 80¢ per authorized mile (loaded and empty). Revenue paid to you will be reconciled every 100,000 authorized miles. This is referred to as "revenue averaging." If revenue paid to you at anytime during this reconciliation period averages less than 80¢ per mile, we shall make advances to operator sufficient to bring revenue up to 80¢ per mile. Thereafter, if operator's revenue exceeds 80¢ per mile, we will recover from operator from weekly contract settlements the amount advanced.

* As an alternative to "revenue averaging," operator may elect to receive a flat 80¢ per mile during each reconciliation period of 100,000 miles regardless of revenue actually earned. Any revenues generated in excess of 80¢ per mile during the reconciliation period shall also be paid to the operator.

* If operator terminates agreement prior to the end of a reconciliation period and has averaged less than 80¢ per mile but received advances to equal 80¢ per mile, the difference owed by operator will be charged against operator's Performance Bond or final statement.

* Prime shall pay for trailer washes as often as operator feels necessary to keep the equipment looking its best.

* In fiscal YTD 2001, the weekly average miles per dispatched truck were 2,628, the weekly average revenue per mile was $1.138 and the weekly average revenue per unit was $2,990. (Compilation based on combined solo and team.)



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