Leasing owner operators and trailers

It would be the o/o to get his own fuel card. If you're talking about companies like f2f, some r 75% -90% , trailer rentals are sometimes per week basis like $250ish and escrow covers elogs or w.e

Insurance is the big one.

 

In my case i make 89% of the load. Insurance is paid by me but through bones. I get to use their fuel card and escrow because they get vastly better rates then i can even though i have my own of both. Bones leases me one of their trailers for 6% more so 83% total pay with trailer. They also do 100% of repairs on the trailer save consumables like tires, brakes and tarps.

I am only responsable for damage i cause directly such as bows being damaged because i didnt put them in correctly or hitting stuff.

As for finding someone, it would depend on what you can offer and how much you want to comprimise on the driver. You could easily find a chicago 1099 special illiterate flipflop wearing fuel island blocking retard within 5 minutes. But an experinced high quality driver is going to be hit and miss. Could have one in 5 minutes or wait 5 years and one never applies. Just depends on how strict you are, how good your loads are, and how patient you want to be.

 

That would be a pretty big draw. Especially if you can get stuff like PMs or changeing tires as close to cost as posible. Also for your side of things it makes sure you or one of your guys can get eyes on their rig to make sure your not leaseing on a death trap DOT OOS violation waiting to happen.

 

When I was hauling cows I gave my friend 15% for authority and trailer, I was finding all my own work. Later on when all I was doing was using his authority and pulling other people’s trailers I gave him 3%. Both instances I paid my share of the insurance and IFTA. I ran on my own fuel money.

 

You'll spend a lot of time clearing brokers if you have someone self dispatching. Even more time if you dispatch them.

 

When I load for someone else I pay 7.5% I cover all my expenses and own my trailer.

 

Do you have cash on hand or are you going to factor loads?
What are the workers comp requirements in your state?

 

You don’t have a lot to offer, and a lot of risk on your part. It’s going to be hard to make enough off the o/o to justify the risk.