Truck Owner Looking to Lease on to new authority

How would that accelerate his losses? He wouldn’t be paying double for everything like he would be through a carrier that he is leased on with.

 

Aren't there a few companies that will lease on O/O's with little to no experience? Maybe Chinatown will have some response also

 

When I was looking Schneider was the only one I found less than 2 years. They required 6 months. So my options were company driver for 2 years or my own authority. No one would hire me because I need 3 months off in the summer to work my real job.

 

His established ignorance of operating a truck and hiring a driver would be compounded with market ignorance. At least a halfway legit carrier with an interest in seeing him succeed might help with that, more than offsetting their piece on the rates.

I don't understand where he'd pay double to lease to a carrier.

 

I think that you got to learn someway or another Im not sure how everybody else learns but when your wrong and you make mistakes thats how you learn...But "Truckers" got attitudes bad..I was sitting in a truck stop , with my man and if one of you guys are broke down like i seen a truck stuck in the ice right there at the truck stop , dont nobody get out and help,, i mean dont get me wrong i know some of the other truckers are tired and need to sleep or other are on a time limit but for the ones who are sitting and watching this its how it is I guess.. Its funny when your on a motorcycle and your out on the road they like wave at each other doesnt matter if your on a honda or whatever they still have the respect for their "brothers" you'll get a wave almost every passing. Say what you want to this comment but some truckers need to chill...I with ya dont get me wrong,,I wear my tshirt that says "I still play with trucks" but Im a woman...not a lot lizard so for the haters out there Im just saying..I dont know everything but Im learning and its just with the bookkeeping not the science with the driving but yeah..

 

B

Bikers are not making money off riding. Trucking is all about the money and everyone is competition. Now saying that I don't have a problem helping someone out if they have helped themselves.

Give you an example, a few days ago a guy got stuck right in the middle of the road turning into the company I and him are picking up at. He manages to get it out of the street after 30 or so minutes. His air line under trailer popped or something like that and locked his brakes up/ he is also a O/O and barely speaks English, not that it matters. Truck is not the best but looks ok and not completely torn up like a lot of them I see. He was in town where lots of places can come out and fix it in a few minutes while waiting to get loaded.

He has no spare parts or extra parts for air lines. He comes and asks me if I have something to help him with, and I did but that is my back up supplies. So I told him I could not give them up to him since I was just leaving, and going out in the middle of nowhere. Now, If I had been going home instead of going out I would had given him the parts to fix it. Since he could easily get someone out I was not willing to help in that situation. You have to think about your own operation first.

 

OK let's break this all down seeing some people are not really reading it all that well.

First you are new so you don't know what is professional or not. What does the contract say?

That's alright, the truck is running so if you don't fail, you will get the use of out of the truck.

Again WHAT does the contract say?

Is he required to inform you of his loads or how he uses the truck?

Did he fix them or did you?

What did the contract say?

I AM PUTTING THIS IN ALL CAPS BECAUSE THIS IS A VERY IMPORTANT POINT ​

If this is NOT YOUR driver, you are leasing JUST the truck to carrier, nothing more.

This is an EQUIPMENT LEASE and your situation is different than THAT if you brought a driver truck combo to the carrier.

HE DOES NOT HAVE TO EXPLAIN TO YOU WHEN THE TRUCK IS USED, THE BREAK DOWN OF THE LOAD OR ANYTHING ELSE, YOU LEASED JUST THE TRUCK TO HIM AND NOT THE DRIVER.

 

If you would have read my post I clearly said he would have to find a way to learn the industry before he got his authority.
As far as double I might have been on the light side.
Leased on: 10% of gross $3000, IRP $300, IFTA $150, insurance $1800, bobtail $120, ELD $300. That’s $68k/year based on $30k/month.
New Authority: IRP $140, IFTA $0 I pay it at the pump and assume so do leased on drivers), insurance $1900, bobtail included in insurance, ELD $60, load boards $250
$28k/ yr.
Those are numbers I was given when I was looking. Of course they hide it by quoting it in weekly payments. And I’ve seen worse. Some major players are going to have much better deals but he won’t be able to get in with them.

 

There are a lot of us exceptions out there but it takes a lot of research and determination. But buying a truck, having little to zero knowledge of the industry, leasing truck to a company that is putting there driver in it. All sounds like a recipe for failure to me.

 

He is not even an owner operator. He or even his driver isn’t driving the truck. He is just leasing the truck to a company who is putting their own driver in it.