Company drivers vs. O/O leasebacks. How do the parties benefit?

I have just suggested leasing (this morning, in fact, before noticing your thread) to the company I part-time for. I get no benefits because I'd rather go part-time than full-time and I'm slip-seating, which means when I'm not in the truck another driver may be--or not--sometimes it just waits for me or they use it for a short run. I've driven 4 of their tractors and I schlep my gear in, schlep my gear back out (so I want to stay out at least two days) and make sure to clean up nice and tidy for the next guy.

Initially they said to leave my gear in, but I wouldn't feel good about my gear running down the road with another driver at the helm. So what happens is that my housekeeping isn't always reciprocated as you might expect. I may end up fueling (we have fuel at the terminal) on both ends; I inspect the truck closely, especially tires for flats and inflation and have stuff to clean out and squirt odor-killer for the smokers, although they've actually had someone detail the inside for me after a smoker had been in it and did that without my saying anything. Just wanted me to know that they had done that for me, however.

We have a wash rack, by the way. Seemed like whenever I took a truck through, then someone else wanted it when I was gone! The big advantage for me is an end to slip-seating and continuing access to the shop there at the terminal. Dunno if they're interested or not, but I brought it up earlier this morning. Of course, if they're interested I have to get more serious about buying a truck! As far as I know they've never had O/Os and all equipment they have is paid for.

 

To get "authority" you apply to FMCSA for a mc number (motor carrier). You have to show proof of insurance and there is a fee and waiting period before you are legally allowed to carry property for hire. You can lease your truck to a company today and be hauling freight immediately because presumably the carrier will have existing active authority. Only a carrier would have authority. An owner operator will be operating under someone else's authority.

 

Is there a term difference for lease op if you lease thru the company vs. an outside vendor? I'm wary of the term lease op since so many company leases seem designed to (financially) kill drivers! I'm seriously interested in buying my own truck and driving under someone else's authority - I want to drive, not go back to office work!

Also, what are "lanes"?

 

I'd strongly suggest you invest at least 6 months to 1 year driving some one else's truck before jumping on such a commitment that can drive you to bankrupt
lane is a one way trip, if you say lane and talk about money together, means the base pay for the haul aside any extra accesories pay (such as tarp, fuel surcharge, wait time, and so on)

 

None of the O/O Lease Op or anything else about business is on the test to be able to obtain your Commercial Drivers License, This would not be good, the gubermint doesn't want people going into business and making money because then they have to collect taxes from said business for the money that passed hands for this business.

I hope this helps!

 

I love being leased to Landstar.I make some serious cash here..

 

Regardless,i am just a Road Whoore...