This has nothing to do with lease purchases, it has to do with the relationship between a carrier or company and the driver who is treated as an independent contractor.
I don’t get why you guys keep going back to lease purchases, it isn’t regulated like a carrier lease is.
Will the ABC test cause over capacity?
Discussion in 'Ask An Owner Operator' started by Regional, Apr 7, 2021.
Page 3 of 4
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
wis bang Thanks this.
-
Most fleets work the spot market to some extent, even the megas. If they're seeing a sudden influx of new drivers along with a sudden spike in spot market rates, they'll likely apply those drivers to the spot market for awhile, rather than going on a contract-hunting spree.
I think that's the worst case scenario, assuming that the law's impact on the trucking industry doesn't get watered down at some point before it goes into effect.
My overall prediction: minor tightening of capacity with a minor to modest increase in driver income.Last edited: Apr 8, 2021
Rideandrepair Thanks this. -
It's not so much the lease purchase. It how they classify the driver in the seat of a lease purchase agreement.Rideandrepair, PoleCrusher and exhausted379 Thank this. -
Rideandrepair, wore out, PoleCrusher and 2 others Thank this.
-
Rideandrepair and PoleCrusher Thank this.
-
if I am wrong show me where they are independent contractors.
The cdl exams have failed to actually test new drivers, the regs and definitions should be part of them.
there are smart lease purchases and dumb ones, it seems that the advice others give are always ignored because we have built up this owner operator crap as a panacea to make the big bucks but we haven’t see less than 75% mortality rate in the owner operator/fleet owner world.Long FLD Thanks this. -
Rideandrepair, Tug Toy and PoleCrusher Thank this.
-
Rideandrepair Thanks this.
-
Except they do not have ownership, they are instructed when and what to do. Most have not set up a company. Your a employee as far as the IRS is concerned.Rideandrepair Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 3 of 4