Superego lawsuit. They sent fake rate cons to drivers to steal money

Yes , I agreed with you to a point . Yes there is lazy people looking for the easy way to make a buck , however the consequences are very damaging for the rest of us . Because , the way I see it , we all are in the same boat . We all some how depend on each other , if don’t take care of each other , pretty soon all of us will suffer the consequences of one’s stupidity.
One more thing I want to say .
In trucking , there is one way to make money . One way only . EXPLOITING DRIVERS.
Think about it .
If your employer pays you a livable wage, provides you with employment benefits , decent healthcare insurance , vacation , the employer and share holders wouldn’t make millions and millions of dollars .
Look , if you are a truck driver , your wife shouldn’t feel obligated to work . As a truck driver you should make enough money to provide a decent life for you and your family .
No trucker should get paid by mile . Never !! It should be illegal. A truck driver should get paid for every minute he is in the truck , period .
Why do you think companies and corporations pay drivers by mile ?
Why do you think Amazon use subcontractors to move its freight ????
How much money Jeff bezos spent in his wedding???
How come I get free delivery from Amazon ? let’s think a little bit about that ?

 

My employer pays me a living wage, decent bennies, vacation, etc. He owns the company, no shareholders to take care of. And no, I do not work for myself.

You sure like using a wide brush to paint everything. Bad companies out there? You bet. Decent companies out there? Quite a few. Just because you can't find one does not make them non existant.

 

They just don’t have big house Pete’s anymore

 

I guess I’m exploiting myself. I thought that was called hustling. I use(exploit) my labor in order to gain dollars.

 

Yes i went into a lease purchase deal with dsv/sammons trucking out of missoula montana. I financed my blue 386 pete with them for 90k and paid it off in under 2 years . Spent another year or so with them leased on as an owner op , then left them to go get my own authority and havent had much luck with that. That truck blew a head gasket not 3 months after i put it on the road under my own numbers and i sold it . Got another truck and have currently got the engine about halfway tore down and got a company job for the time being while i can figure out why its burning coolant, and put some money back in the bank account again since i lost most of it chasing equipment problems and downtime.. im working towards by the end of this year i should be back on the road.

As far as lease purchase goes, there is really only one kind of program that will allow you to be successful. The way dsv structured it, they treated you like a leased on o/op . Paid 75% of the load rate. free to work with whoever u want in the company. We had in house dispatch/brokers and 3rd party independent/outside brokers. We could also pull loads off the truckstop loadboard.. of course the name of the game is like everything else in business, building relationships and making a good reputation for yourself.. i developed a relationship with one of the in house brokers and ended up running exclusively with her . All the work was direct loads she had between eastern washington and western montana... Her husband was one of the drivers as well, and there was a couple old timers that was on the gig too and we all became very good friends and usually spent the weekends hanging out at the lake on their boat. I spent the better part of 3 years living in that truck. In 2021 i left the house on january and made it back home for thanksgiving dinner. The next day rollin right back to montana. Came back home for christmas. Spent like 350+ days aways from the house that year just trying to bank as much money as possible while rates were good.

The vast majority of leasue purchases fail, not just because the drivers are less than intelligent but also because how its structured. You have a dispatcher that gives you loads, and then you get paid by the mile. Makes no sense. The whole point of being in business is to figure out how to make the most money, with the least amount of miles possible... I wouldve went broke pretty quick doing the work i was doing if i was paid that way because it was only about 2k miles a week sometimes less.

with all that said, i wouldnt do a lease purchase ever again, simply because you have 0 equity in your equipment until the day you pay it off, and then when it gets paid off, its wore out and needs to be rebuilt. If something happens in that time period, and you have to leave the company. Your truck stays with them, you lose all the money you paid into it, and they send it down the line to some other driver. Great deal for the company im sure they make quite a bit of money on the whole thing.

The reason i thought it would be a good thing to do for me was i wanted to learn the business and it seemed like a good stepping stone for doing so. I dont regret it at all, but its much easier to just find a decent used truck, finance it with a proper finance company and go lease on somewhere and go about it that way. Atleast if the #### hits the fan, or the company sucks, u can take your truck and lease on elsewhere and you have some equity in it if you need to sell it.

I worked very hard to be successful with a lease purchase deal. They say like 98% fail at it. I dont know if thats true or not, but i wouldnt be surprised . I dont think its really possible to be succesful with one of the deals where they pay you by the mile and you get dispatched by a desk jockey. You really need 100% control over where your income is coming from, otherwise you aint really running a business, just buying a job and go broke doing it.

 

So go get the contracts and buy the equipment and pay your drivers for every minute they’re on the truck. You’ll have guys lined up waiting to work for you.

I’ve never been one to count other people’s money, I find it’s easier to keep an eye on my own. Everyone everywhere who is employed trades their time for money. If people don’t feel they’re compensated fairly they are free to move on and find something different.

Every places I’ve leased in to has, in my opinion, compensated me fairly for what was asked of me. As far as I’m concerned the percentage they made from me went to keeping the office running and selling the company’s services to secure more freight. A company having connections to keep my truck moving and generating income is worth something to me, and frankly I don’t care about the owner’s house and what he spends.

The thing I don’t follow is if a company makes money from a driver’s labor or an owner operator’s time it’s exploitation, and if that’s true then it must also be true that the brokers and companies you haul for must be exploiting you because you are also trading your time for money.

 

If I remember correctly you were warned that this was a likely outcome.

I'm not attacking you or otherwise denigrating your choices. I'm just pointing out that you as a rational person with above average intelligence were willing to play roulette because at that time and place the odds looked like they were in your favor, even though they definitely weren't.

Now reduce the intelligence and/or the rationality of the individual.

That creates a virtually unending supply of rubes waiting to get scammed.

You're almost there - percentage pay/self dispatch does make a L/P more possible but most L/P fail because they are structured to provide a return to the lessor regardless of the success of the lessee.

It's been a long time since I've seriously run the numbers on a L/P, so I'm going to spitball some numbers that aren't accurate anymore but the underlying theory remains solid.

Say a truck costs $150,000. The company will lease it for $1,000 a week for 150 weeks with a $5,000 down payment. At the end of the lease term there is a $50,000 buy out option. Provided the lease company gets the truck back, they break even after 30 weeks. Even less if you take into account maintenance escrows and insurance kick backs (yes, I know they aren't legal but they still happen). Even if the lessee doesn't hit the 30 week mark, there are still benefits because the leasing company will inflate their paper losses.

Now say operating costs is a stable $1.45 a mile for everyone, not counting driver pay and all freight pays $3 a mile. If a company pays a driver 60 cpm, their total payroll costs are about 80 cpm (conservatively) total cost is $2.25, 'net' is 75 cpm. Leasing out at 75% results a 'net' of 75 cpm, plus the profit off the lease.

That's all way over simplified, but you get the idea - even when a lessee fails the lessor makes a profit. Until the lessor is incentivized to make sure the lessee succeeds, the wash out rate will remain the same.

 

Well i dont know how any other lease purchase works. Only the one i had experience with. I didnt seee it as playing roulette. I saw it as an opportunity to learn the business on someone elses dime. I made no down payment, had no weekly payment, and had a 1$ buyout at the end of the term. They signed my title then i continued doing the work i was doing before, making the same money as before.. would i do it again? No. Nor do i recommend doing it for anyone else because its incredibly hard to ever get to the point of paying off a truck.

 

Thanks, this is exactly what I think EVERYONE who ever considers doing L/P should hear.... can it be successful, yes... likely no. Difficult, absolutely. Recommended, HELL NO!

Thanks again @D.Tibbitt

 

When slaves

After the civil war in 1865, slaves were granted freedom. Do you know that some of them refused to go free? They did not want to be free.
Wasn’t because the abolition of slavery was bad for humanity . Some of those slaves were treated really good by its owners. Do you understand what is the point I want to make ? Just because you are treated good , it doesn’t mean in general, the lease program is good for truckers .
It is sad , really sad that people like you can only see the personal benefit . Me , me , me .
I’m 100% independent O/O , I live a very simple and frugal life . My wife and I are very healthy individuals. Just because I don’t need a lots of money to survive, it doesn’t means that I’m going to haul loads for cheap!! I will never do that because I will destroy other truckers . I will destroy this Industry .
We must start changing our mentality. We must help each other . If you succeed in this industry , most likely I will succeed too.