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  1. 04.11.2012 #41
    CondoCruiser
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    Quote Originally Posted by BigBadBill View Post
    The note would be between my company and the driver but 3rd parties would be doing the financing.

    We have the ability to withstand the down times. That is really not an issue. We even expect that there will be some down hard times with drivers and we are prepared for that.
    Sounds like the driver is the 3rd party? Has the bank given you an okay for the plan?
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  3. 04.11.2012 #42
    BigBadBill
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    Quote Originally Posted by MNdriver View Post
    would you include trailers? or would you have trailers to be used?
    Yes we have trailers. Those are sold to the driver as well. Remember, the goal of my company is to help O/O's move towards being independent if they want. And one of many road blocks to this is buying a trailer.
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  5. 04.11.2012 #43
    BigBadBill
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    Quote Originally Posted by CondoCruiser View Post
    Sounds like the driver is the 3rd party? Has the bank given you an okay for the plan?
    Yes, capital is not an issue for us. We in no way will ever be over extended in anything we do. This deal, factoring, brokerage, what ever.

    If we don't have the money sitting in the bank to cover fuel and settlements for a driver for 45-days we won't bring the driver on.
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  6. 04.11.2012 #44
    US MARINE
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    Bill is telling you like it is ...

    It's not a Lone Mountain deal ... It's not even a LP

    It's a purchase of equipment thru his company .. And not everyone will be accepted its not like he has 10 trucks sitting on a lot he's trying to fill. If you meet the quota or vetting he will get the truck in that order ..

    I'm really not sure why some of you are trying to compare this to LM does LM ensure you have a job and give you ability to succeed ? It's not even the same concept .. Bill is expanding his venture that's it ..
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  8. 04.11.2012 #45
    BigKid2
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    From what I have read it looks a lot like the program Crete runs with their truck purchase program. You buy it through them in the same way but your name is on it and you have to stay leased to them or get your own financing to leave.
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  9. 04.11.2012 #46
    cpttuttle
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    apu's on the trucks?do you run all 48?dry van or reefer?
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  10. 04.11.2012 #47
    BigBadBill
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    Quote Originally Posted by cpttuttle View Post
    apu's on the trucks?do you run all 48?dry van or reefer?
    The two trucks that I have set aside now do not have APUs. We are working on a deal that we can finance APUs for our drivers. However, this is not like we buy the trucks and have them sitting hear waiting for a driver. When we find the right driver and complete all the approval process, we see what trucks are available in the range. It is possible that it may take a few weeks to get the right truck once we approve a driver.

    What a driver runs is up to them. I have found running all 48 is not that profitable but it is the drivers gig to run what they want.

    We do van and flatbed. You need flatbed experience and some capital to start if you want to run flatbed. After 6-12 months if you want to run flatbed we evaluate the driver at that stage. But we are not a flatbed training company so we need to be VERY comfortable that you will be able to learn the ropes of the flatbed game. I do have a couple sources that you can take a class.
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  11. 04.11.2012 #48
    revelation1911
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    Quote Originally Posted by BigBadBill View Post
    Yes we have trailers. Those are sold to the driver as well. Remember, the goal of my company is to help O/O's move towards being independent if they want. And one of many road blocks to this is buying a trailer.
    Are you not worried that some of these drivers you help may try and cut into your customer base? There was a guy out in Ca. that did something similar with hotshots. A couple bad drivers and his insurance and rating was done for. he eventually closed up in about two years.
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  12. 04.11.2012 #49
    DrtyDiesel
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    I wish y'all the best of luck. It seems BBB is doing something great. Helping people get started into becoming an o/o and a business partner.

    I want to be an o/o extremely bad, but I got a lot more time to put in before that'll happen. This seems like a great idea though.

    Ethan
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  14. 04.12.2012 #50
    steeler
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    Hey BBB, what do you think of the 95 corridor around richmond, va with van freight? I live near the piers and naval bases around norfolk and see that toady there are about 2k van loads on its within 300 miles of richmond. I've also been on the landstar loadboard (via webex demo) and seen that there are alot of van loads listed at 2.50 or above. I'm interested in partnering and gettin after the good freight. Appreciate your insight and postings.
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