Our experience with Success Leasing

I heard it from myself...........when I looked at the numbers.....

 

http://www.logisticsmgmt.com/article/ata_reports_large_fleet_driver_turnover_is_down_slightly/

 

hell i have only been home approx 54 hour in the last 6 weeks

 

IP. How long did you drive company before you moved to L/O. Thanks

 

Just short of 3 years.

 

Turnover actually didn't look that bad compared with other OTR's. Of course some fleet managers numbers are off the charts compared with the others.... I posted that number just to see who would like to put their foot in mouth. When one person quits thats an uptick.

 

Oh so negative. Lets kick him some more while he's down....

 

U2 is right... unless you have a good history with someone on the company side, its really difficult to change to company.

 

Well, what your saying contradicts the whole walk away lease. So if you decide to walk away from your lease, you mean to tell me that Prime is going to say, ok thanks have a good one. I think Prime would let you switch and keep you. It's a lot more cost effective to keep drivers, then to recruite new drivers, at least from a business standpoint. I could be wrong, but I'm sure if your negative on your lease and have tried every effort and still can't make it work they will put you on the company side. This way they have a better chance of recovering any negative money owed. Like I said this is just my thoughts.

 

Managment is not into coddling idiots who cannot manage their business, and frankly, I don't blame them. I was listening to a lease op at the terminal the other day who was expounding on why Rob Low should be financing his toll receipts - since he couldn't manage his own affairs. Those guys would spend every bit of cash the man has if he'd let them.

Yes its a walk-away lease. Escrow accounts are ballanced against outstanding obligations and damage repairs to equipment. Then you settle-up, and walk away. Period. And no, you don't normally get to jump to the other side - especially if there is a large balance due and unless you have a track record on the company side. NON-WALK-AWAY leases are like CRE - where you continue to be responsible for payments on the truck until someone else comes along and takes it over.

IMO its a bad bet to keep most of the guys who are financially irresponsible around. The required payments continue to be deducted from their settlements when they get in trouble. So payments that they are responsible for PMs, etc and taxes are in the wind. Generally they are several thousand in the hole, not including what they owe on physical damage when the plug is pulled. What are you going to do? Withhold everything except $50 a week so they can eat? I don't think so. Turn them over to collections, and sue.