J.B.Hunt IS VERY FAMOUS for this.They've done it for years.A friend went to Hunts orientation, at the end of 3 days, The guy said "EVERYONE will get an envelope, If there are keys in it, YOUR HIRED,If Not??? Thankyou for applying to J.B.Hunt. Yes he got keys. Many didn't.
JB Hunt - Lowell, Ar.
Discussion in 'Report A BAD Trucking Company Here' started by WiseOne, Feb 26, 2004.
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Okay, now you're stating you get all the miles while training, but then your expense, especially for fuel will increase for those miles as well. Your stated net profit figure STILL doesn't compute.
I have been under the impression that JB Hunt no longer trained drivers. They have a 3 month minimum experience level requirement. A driver with a clean record for three verifiable months would not need training with a first seat driver. Looking over their web page, there is no information to suggest that they consider any drivers with less experience than 3 months, or that 3 month drivers are required to drive with a trainer. They list a solid .34 cpm starting wage as a solo driver for those that have at least 3 months behind the wheel.
You know what? I smell a rat. You're attempting to divert attention from the subject at hand. You are either a management level employee, or a fresh face, and in Lowell to start a new job, and have not yet received the screwing that you are about to get.
It makes absolutely no difference how many trucks they have, or how they are spec'd. The question on the table is whether or not a driver who LEASES one of them will make a fair living for the effort involved, and the ANSWER to that question is....NO.
63 people attending an orienation class is NOTHING to brag about. It's indicative of one thing, and one thing only. They are not keeping their trucks filled. I don't buy for a second that there are drivers breaking their leases elsewhere, and clamoring to jump on board with JB Hunt, because all it took for ME to size up this as a completely unprofitable situation was the perusal of two documents sent freely by the company to my computer. And I hate to point out the obvious, but a "no-penalty, early buyout option" means little to someone that is not making enough to feed his family, and is worried about paying his bills. Purchasing the truck at the end of the lease is the least of his concerns.
You are required to put up a $3600 escrow at $100 a week until it is in place, and the maintenance escrow is taken at .05 cpm and is taken for the ENTIRE duration of the lease.
I was told categorically by a Ms. Griffin, on 12/23/05, that there was a balloon of approximately $10,000 on the end of the program for the LOWEST priced truck that was leased to a driver, and that's all there is to it. The assumption therefore is that the more expensive the truck, the higher the balloon. Why and for what reason would I purposely misrepresent such a thing? Better yet, why are YOU? Your claim is easily controverted.
I've bought more than a few trucks in my working life, and the day that I can sign papers on a new Century Classic of ANY description, with ZERO down, and pay $1545 a month for 36 months and own it free and clear, I'll buy a hundred of them, and PERSONALLY come to Lowell, Arkansas and lease them on with JB Hunt. You're about 30 grand short, and that's for the price of the truck itself. Nobody, not even JB Hunt, buys them with that kind of a discount, and there's no way you are going to convince me that JB is losing one cent on the price of a truck that they lease out, and they just magically hand it over to a driver thirty grand short of what it cost them.
Tangible goods that are sold or transferred by a business, per the IRS, must have a value assessed to them at the time they are sold and/or tranferred to another party, even if the value of the property is considered to be zero and fully depreciated. In a contract that outlines a lease/purchase option with no balloon at the end of the term, the value is routinely set at one dollar as the sales price, in order to meet the IRS requirements.
Wait just a frigging minute. You stated on January the 1st, that you were in the short term lease program. That arrangement doesn't COME with ownership. Your story is REALLY falling apart now, my friend.
Quote: "However, I can tell you that I am on a 6 month lease, in a 2005 Century Class/ST and my payments are $1545 a month. I Gross $13,250 on average and "Net" roughly $9,000.00 after all operating expenses."
How many people HAVE "opened the door", and are now weathering a negative DAC/USIS report, or are now having credit problems, or worse, are looking for a new place to live because they have lost it all?
So, you're one that that has to see things for yourself, and learn lessons the hard way....That's quite an admirable trait, if you desire to be considered foolish. Me? I'd rather wait to dive in, until I know where the deep end is at, and long BEFORE I take that plunge. I've taken stupid chances in my younger days, and I've had to live with the results of taking those chances.
I strive each day to help people make better an informed decisions to hopefully raise the awareness and the standards of this industry from a driver's perspective. What you have tried to do in this thread, by taking me on, failed miserably and I thank you for the opportunity to confirm that what I am doing makes people nervous. The truth sometimes hurts, doesn't it?
If you're going to try and sell some swamp land in Arizona, the least you could do is brush up on your sales skills. I'll give you credit for one thing though. You had me fooled for a couple of posts, and that's not easily done. Shall I step aside and let you wet the grass a little more? -
Nice work, Turbo. I almost started to wonder if he had you there.
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Hey...If I am wrong, I'll freely admit it, but on THIS, there is no way that I am wrong.
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They lowered their starting pay for experienced drivers with many years under their belt compared to what they offered when they closed down the schools what, 8 years ago?
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They've yo-yo'd on the pay like they have with so many other things. I do give them credit for being the first company to raise pay significantly in the nineties, when it had remained stagnant for so many years, but it's like I've written elsewhere, and demonstrated in this very thread;
Who really knows what their terms and conditions are? I don't think that their own recruiters know what they are on any given day, and you sure can't count on them for accurate information. Maybe the recruiters should apply for a job on the help line for the Internal Revenue Service. They'd fit in right there. -
What are the Hunt Lease Truck Specs?
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I don't have any information on the actual spec's, but if you have seen a JB Hunt truck, you've seen a lease truck. They are all white. The only difference in the way they are set up, to the best of my knowledge, is that they set them to top out at 68-70 mph. And the way you tell a lease/purchase from a company truck, is that the leased trucks are lettered on the side box door, and have nothing in the cab doors.
I'd guess that they are set at 430 hp, or thereabouts, and have the minimum amount of bells and whistles. Engine brakes are required by the Feds on all 2003 models on up, so they will likely have an engine brake. -
TurboTrucker wrote:
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I should have checked this out before I repeated it. I heard this in a conversation a few months back, and filed it away in my head but didn't follow up to verify it.
I did a complete search, and cannot find so much as a PROPOSAL of such a requirement. My apologies.
Thanks for catching my mistake, Mack...
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