2001 Kenworth with 53' trailer for sale

Ya didn't state you were skeptical? lol.. ok.

Sure, this carrier, as are all others are concerned with signing trucks that are safe in the industry (have great safety records, drivers etc..) and follow rules because as you say, it will be the carriers MC # record that will be affected if there are violations or accidents. There is a checking process before you get signed as it would not be wise to sign on anyone. This is true for all carriers though - his risk is identical in every way with other carriers in that respect no matter what the prospective profit may or may not be.


You have to remember, this is one guy that operates his own truck under his own authority. He alone is the safety officer, his wife the accountant, he the president, she the CFO. The only out of pocket "costs" to them is the small amount of time spent performing those basic functions for so few trucks. There are no real cost centers like Finance, HR, Facilities, Recruiting costs - none of that here. Each individual truck handles their own admin function.

They have no "payroll" or administrative "staff" or any other overhead that you mention in your other post. If those things were in place, then sure - it may be a bad idea to get only a small fee as apposed to a percentage of the load like other carriers charge. Those issues are just not present here.

Back to the insurance issue: If this carrier (or any carrier) were to only "verbalize" to their lease on that they have been added to the insurance coverage but in fact were not, then the company names would not appear on the insurance certificate as being insured under the carrier in question. (the insurance certificate comes faxed directly from the insurance company and goes directly to the broker when booking loads for those unfamiliar). No broker will let a load go without it and I'm sure you know that.

It is industry standard designed to eliminate the very thing you are concerned about. If this was not in place - no one would buy insurance. Ya have to prove you're insured in this business!

And sure, I could have my own authority - but that requires cash upfront. Anything is possible if you have the money.

Insurance premium was I think near $8000 per year. I needed $3000 for the initial premium and other costs involved that I did not have and I needed to get my truck running asap. It takes 3 + weeks before approval and I was no further along with getting that cash either. I pay my driver as an employee and there are costs there that did not help with my down payment or cash flow.

I am a member of OOIDA. They processed the getting of my own authority for me but I never got past the insurance premium.

 

Hello SheepDog, Sure, just posted this on Ebay: Not sure if this link will work so you'll need to let me know if it does not.

http://cgi.ebay.com/ebaymotors/2001...5539?pt=Commercial_Trucks&hash=item3a66c898e3

 

$28K is the starting price and I'll have to live with it if it just stays there. I hope it goes higher of course. I see other trucks without trailers selling for a lot less on Ebay so I'm not sure what it's going to do really.