Leasing onto a company... take Landstar for example.. how is the low rates worth it?

I worked mine a little different today. $100 per mile, but only 3 miles per trip. Did get in three trips though and was done by 2.
I am leased on to a company and have to give up 15% and never even think about getting my own authority. 2.16 per mile to me for all miles last year after they got there cut. The year before I only ran 77000 miles because I was building my house and had to take a good bit of time off. I got 2.45 a mile to me after company got their cut.
I wouldn't go for a big company, look for a small company with big contacts. Possibly talk to the other o/o's and see how happy they are. You can also just go all in and get your own authority but I wouldn't recommend that until you had some experience of at least owning and running your own ride for a while. I know some do okay running spot freight but I personally wouldn't want to do that all of the time. To each his own though. You and yours are the only ones you gotta please and everyone measures success differently.

 

no not really the price at the terrel texas location at the 501 is 3.19 a gallon, at the t/a in Terrell the price was for me 3.01 a gallon and my price today would have been 3.22 at the waverly and 2.99 at the t/a in Tallulah. discounts today for the t/a in texas were 70 to 71 cents a gal off pump price , so try again

 

we don't have to turn in a strap, if we do we get 2 dollars off , not required and I can buy one or 20 at that price, or even have em shipped to my house if I choose .

 

So would most here say that Landstar is a pretty good outfit to lease your truck to in their van division if you have a good background with going rates and a know how of salesmanship?

 

Some how they must be OK, they keep 8500 trucks on lease wiht a low turnover rate, have about 450 active million mile drivers. Will have over 3 billion in revenues this year. Are they the best? Who knows, some how a lot of people make a good living working with them.

 

yep! good company seems like. they seem to be with you all the way. they seem to help you when you need help. just a phone call away what i hear.

 

I drove for land star, great support staff, great trailers, however I feel their 35% cut is really unfair and hurts the drivers

 

If I went to the van side, I'd pull my own wagon for sure and get that extra 7%.

 

what ever makes you smile, is what i say you know

 

Sorry to dig up an old thread...but this read like the best info I've read on LS BCOs as of yet.

How is LS running these days?
Price difference between 65% and 72% for bringing your own van, is roughly $15,000/yr. $288/week - it's got to be definitely much cheaper to buy and finance a decent trailer for less than that, or am I wrong?

Also, about the 72%, where does the other 28% go to?
I guess I'm not understanding, if one gets 72% of the "load", is that 72% of what the agent gets from the shipper, or is it 72% of whatever you and the agent agree to?
For example, the Agent books the load with shipper for $4,000, you agree to haul it for $3,000, and LS takes 28% of the $3,000? How does Landstar as a company oversee their agents? I'm not sure it's a very good idea to not only negotiate a brokered load, but then give LS company an extra 28% on top of that...

What would make sense to me, is Landstar takes 100% of the shipper pays, gives the BCO 72% of that, and gives the agent half of what's left, or 14%. That way, all 3 parties involved know all the information involved about what was agreed to, everyone has incentive to increase their profits, and everyone is more happy with the increased transparency.

Sorry to resurrect an old thread, but was very curious about leasing to Landstar.

Thanks!