Considering leasing on to a company that pays 85%

Why a total scam, especially when all miles over $3?

 

I think the general consensus is that when the economy is really good, the spot market can be good to work.

When the economy contracts, contract work with fuel surcharge is a better safer route.

I do agree with that, however not all places that you lease onto are the same.

In my opinion, there are endless places that you can lease onto. You can find all kinds of places that have their own Freight, Etc

And with all of that it seems as though there are only so many super top-tier places that you can lease on to and if that's really what you want to do, you need to seek out those places and meet their criteria whatever that is.

When the guys on this site tell you they are leased to a carrier and it's better for them than their Authority and their Freight is basically guaranteed, there are situations like that that can be really profitable and it can work with a lot less headaches than your own authority.

The problem is for every one of those situations there's probably 10,000 places that you lease on to that they leech off of your money, they'll give the better loads to other drivers, they'll take your escrow money, whatever the case is.

I don't know how you find one of the top top top top tier places because I think most of the guys that are leased onto them are not going to advertise how great the place is, which is their prerogative to do so or not.

On the other hand I don't know really how the rates are where you are, but if your truck is paid off and you find someone to lease on to that really has great insurance rates, I don't see why you can't do okay. You have to check the load board.

If I was planning on making any kind of move to do anything in this business, the insurance rate would be the very first thing of my considerations.

It's getting to be REALLY expensive.

 

Leasing to a carrier that has no direct customers not even on the out bound side doesn’t sound like a good business plan.Running of load boards really isn’t fun it’s alright when the economy is great anyone can get good loads.But searching and refreshing for hours in a slow economy for low paying freight really sucks

 

Ok. Well if you take a gander around these forums it pretty easy to see what I’ve done, I’ve never been shy about sharing pics. And it’s pretty easy to see who I’ve been leased to over the years. In fact, the last company I was at is currently advertising for owner ops. Van, step deck, and if you have your own triaxle step and all the equipment you can even run on the battery fleet if you’re willing to stay out a month at a time.

 

85% could work, if you were to pick your own freight and the insurance cost would be on them.
If all they give is a dispatch service with a spot market freight, you'd average at best 1.80 a mile on 3000 miles a week, after their cut. Then you rent their trailer but also they're likely to charge you for factoring, eld, loadboard, ifta reporting AND INSURANCE.

 

What works for you probably won't work for someone else.

 

You're the ONLY person that can answer your questions. There's only really two boards worth using...DAT and ITS.

Tell the carrier you're contemplating leasing to you want temporary access to the boards and take a look at the rates on the lanes you might want to run.

Or I can save you the wasted time and forget about running spot freight. If you can't find your own customers or lease to a carrier that does then you might want to seriously consider why you own a commercial vehicle.

 

Well the 3000 miles loaded a week would be pretty hard to do with empty miles would put you in the neighborhood of 4000 miles a week

 

I said, Paid for truck, paid for insurance, picking his own freight. Retaining 85%. It should work if he knows what lanes and when.

 

Everyone lives and operates differently. Overhead is only part of the equation.