OOIDA vs Landstar ends

Discussion in 'Ask An Owner Operator' started by Old Man, Jan 3, 2013.

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  1. Jan 3, 2013 #1
    Old Man

    Old Man Road Train Member

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    JACKSONVILLE, Fla., Jan. 3, 2013 /PRNewswire/ -- (NASDAQ-LSTR) Landstar System, Inc., a non-asset based provider of integrated supply chain solutions delivering safe, specialized transportation and logistics services, today announced the end of its decade-long litigation with the Owner-Operator Independent Drivers Association, Inc. ("OOIDA").
    At issue in the case was Landstar's compliance with federal regulations that govern the leasing relationship between motor carriers and truck owner-operators.
    "Landstar is very pleased with the conclusion of this lawsuit," according to Michael Kneller, Landstar Vice President and General Counsel. "After a decade of proceedings, including two trials and extensive appeals, this litigation comes to an end after affirming the validity of Landstar's current leases in place with all of its BCOs and with no award of injunctive or monetary relief of any kind to the plaintiffs."
    According to Jim Johnston, President of OOIDA, "We are pleased to put this litigation behind us. Landstar is a reputable motor carrier with a history of retaining owner-operators who are among the most highly skilled and professional individuals in the trucking industry. We are optimistic that we can work together in the future in advancing the goals of owner-operators."
    "Landstar's BCOs are at the core of what we do," said Henry Gerkens, Landstar Chairman, President and CEO. "We believe our BCOs are the best owner-operators in the industry and we take great pride in treating them that way."

    http://www.sys-con.com/node/2499087
     
    Old Man, Jan 3, 2013
    Old Man, Jan 3, 2013
    #1
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  3. Jan 3, 2013 #2
    Semi Crazy

    Semi Crazy Road Train Member

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    Ehh doesn't he mean stockholders?
     
    Semi Crazy, Jan 3, 2013
    Semi Crazy, Jan 3, 2013
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  4. Jan 3, 2013 #3
    EZX1100

    EZX1100 Road Train Member

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    i was speaking to OOIDA yesterday

    seems like a lot of "lease agreements" are not valid, not in compliance with FMCSA requirements

    told me the requirements are not in the green book, but in some larger form
     
    EZX1100, Jan 3, 2013
    EZX1100, Jan 3, 2013
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  5. Jan 3, 2013 #4
    BigBadBill

    BigBadBill Bullishly Optimistic

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    Speaking from a carrier prospective it can be very challenging writing a lease that meets the requirements. We got copies of some big companies leases and while I would not say they where trying to cheat anyone they all had things that didn't meet guidelines. We asked OOIDA for guidance and learned they had a sample lease. So that is what we are using.

    This is a challenging industry to stay compliant in.
     
    BigBadBill, Jan 3, 2013
    BigBadBill, Jan 3, 2013
    #4
  7. Jan 3, 2013 #5
    EZX1100

    EZX1100 Road Train Member

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    it would be even nicer if they werent always changing the rules

    they should have a moratorium or something regarding rules

    they can only change rules after 15 or 20 years

    this way, its not this major surprise everytime something new comes up, with hidden clauses and so forth

    it would also help if this industry had some ethics, acknowledging that these are human beings in these trucks that have families to feed, nor cash cows ready to give our money to every agency that has a hand out
     
    EZX1100, Jan 3, 2013
    EZX1100, Jan 3, 2013
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  8. Jan 3, 2013 #6
    LSAgentOZR

    LSAgentOZR Road Train Member

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    This is great news. Perhaps now everyone can move on and people can quit starting rumors about why one hates the other...:biggrin_25517::yes2557:
     
    LSAgentOZR, Jan 3, 2013
    LSAgentOZR, Jan 3, 2013
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    richhawn Thanks this.
  9. Jan 3, 2013 #7
    sjmay

    sjmay Light Load Member

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    Does this mean LS will start accepting OOIDA insurance perhaps?
     
    sjmay, Jan 3, 2013
    sjmay, Jan 3, 2013
    #7
  10. Jan 3, 2013 #8
    LSAgentOZR

    LSAgentOZR Road Train Member

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    Nope. That had nothing to do with the litigation. OOIDA's insurance doesn't have a rating. Minimum requirements by Landstar are an AM Best Rating of B+ or higher.
     
    LSAgentOZR, Jan 3, 2013
    LSAgentOZR, Jan 3, 2013
    #8
  11. Jan 3, 2013 #9
    BigBadBill

    BigBadBill Bullishly Optimistic

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    I wouldn't even mind rules changing yearly if it was from one place. But you have to deal with states as well as federal. And have fun moving from one state to another as we are doing. Based on advise from our attorney we kept a presence in IL so that we can transition one piece at a time. I am currently on hold finishing the IFTA transfer. I think this is step 22 out of 234. ;)
     
    BigBadBill, Jan 3, 2013
    BigBadBill, Jan 3, 2013
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  12. Jan 3, 2013 #10
    EZX1100

    EZX1100 Road Train Member

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    i spoke to OOIDA about your claim that their insurance is B rated

    of course they said your answer was B rated

    i am not an insurance guy, but basically they said that their insurance and your insurance (landstars) are not subject to any ratings, its some other term (risk or something like that) and has nothing to do with ratings
     
    EZX1100, Jan 3, 2013
    EZX1100, Jan 3, 2013
    #10
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