So you want to "own " your own company
Discussion in 'Ask An Owner Operator' started by NightWind, Nov 16, 2006.
Page 182 of 196
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Can anyone with experience help out, is it possible to lease on with a company, if my name is not on the title?
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The short answer is "yes." The title holder will need to sign a form that gives the carrier permission to pay you rather than them. They may also be required to sign additional documents that gives you permission to use the truck and lease to the carrier.RonPaul2012 Thanks this. -
You will need a signed power of attorney which you can download from the internet.
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RonPaul2012 Thanks this.
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A lot of the bigger companies don't pay much of anything any more when you sign on with them because the rates have gotten so competitive. Just shop around, and don't be afraid to ask for references of other O/O's that are pulling for the company you are interested in. If they wont share at least some of that info, then big red flag. Don't ever think you don't have the right to be as strict with these companies as they are with you, it's a business relationship you're starting with them, it's not easy to pull out once you start so do your research. There are a lot of happy marriages (O/O and Company) out there though so don't settle into something that isn't worth your time and effort. Good luck to all of yall! -
Oh , WOW ! Such a great post! A lot of helpful info.I hope I can get some suggestions regarding my situation.
I work as a dispatcher( located in New Jersey). Loading trucks ,usually my lane is New Jersey- Michigan, Georgia and nearby states. Loading 53 dry vans.
Month ago I opened my own Corporation and now i'm up to lease/buy a truck. Here are few problems:
1) Company is SUPER new to lease a truck
2) I don't have a CDL ( was planning to hire a driver)
3) In my personal savings account ,I have just 20K ( not sure if it's enough to start own trucking business).
Now instead of leasing I consider buying a used truck ( nobody want to sell a new one to company which is one month old).
Based on this info, maybe anyone can give me any advice, maybe there are any other options to get started, which I don't know? ( Maybe someone knows the companies that would sell a new truck ). I contacted Freightliner's dealer they offer used truck.
Will be thankful for any suggestions! -
Hi everybody,
is it possible to get your own authority without a class A license?
And hire drivers.. To drive your truck?
how will this affect insurance etc? -
You could get your authority. It would be next to impossible to get insurance. If you bought several trucks it would be more possible - you'd then have a little clout in terms of insurance - but it would be pricey. Over time, were you to get covered, you'd likely see your rates drop, or at least stabilize, as long as your drivers/trucks stayed safe and sound.
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Yes, very possible. Insurance depends on drivers background, what they're hauling, and how much coverage you want/need. If you're just getting Bobtail, comp, and collision for 2 million dollars then you'll pay about 150-250 a month. If you're getting cargo coverage and workmans comp then it raises significantly. Good luck!
Trucking Jobs in 30 seconds
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Page 182 of 196