Leased driver not purchase

Discussion in 'Lease Purchase Trucking Forum' started by High Cotton Trucking, Jan 9, 2021.

  1. High Cotton Trucking

    High Cotton Trucking Bobtail Member

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    Jan 9, 2021
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    Ok I have my own op authority but I was askied the other day by a gentleman if I would be interested in them leasing under my company. They have there own equipment and would pay me a precent of their earnings to operate under my authority. does anyone know what the requirements would be for an operation like this? for example, do they provided their own insurance or do I add them under my policy, is workman's comp required for independent contracted driver's, and so on.
    He has told me they will own and operate all of their equipment, pay for their own insurance, vehicle maintenance, registration and so on, including booking their own freight. it's a small family team that works as contract drivers right now for an expedited freight company. They run sprinter vans <10k gvw. I'm having a difficult time understanding the advantage of running under my MC# if they are not regulated since they remain under 10k GVW and maintain all of their equipment. He made mention that under my authority, they can book there own freight and charge a higher mileage rate which increases their earnings and that would be the advantage.
     
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  3. mnmover

    mnmover Road Train Member

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    Run away from this deal! If they are using your authority, the insurance must be in your authority name. Also any points on roadside inspections go to you. You do not want any part of this deal.
     
  4. Pepper24

    Pepper24 Road Train Member

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    They have to be added to your insurance,now you can charge it back to them.It’s the same process as if you leased to a company drug test ,application.driver license check,reference check,and the pay from any brokers or customers they haul for the pay will come to you then you pay them
     
  5. TequilaSunrise

    TequilaSunrise Medium Load Member

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  6. wulfman75

    wulfman75 Road Train Member

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    they are running sprinter vans so there wouldn't be any inspections.
     
  7. Roguefox

    Roguefox Light Load Member

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    Wrong.

    I drove a sprinter van and we were pulled in all the time. If you need an MC number you can be inspected.
     
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  8. wulfman75

    wulfman75 Road Train Member

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    I drove sprinter van and never pulled in once. Neither was anyone else at that company. Guess they had better scores then. I dunno.
     
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  9. Roguefox

    Roguefox Light Load Member

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    We had hazmat on so they were always checking that it was secured properly. We also had to run logs. Final nail in the coffin was that this was in California.
     
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  10. wulfman75

    wulfman75 Road Train Member

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    three strikes right there ouch! I didn't think about hazmat as all placarded vehicles have to pull in. Did you have to log because of hazmat or were you in a larger sprinter? I didn't have to log.
     
  11. Roguefox

    Roguefox Light Load Member

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    Larger sprinter, we stayed within 150 mi but they still went over them to see we didn't forget to cross a T or dot an i.
     
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