That's the beauty of Landstar in that You can run ANY year truck. They have a mandatory quarterly inspection to make sure your equipment is up to snuff. But you wont be turned down because your truck, which may be in perfect running order, is too old. Also, we have been there about 1 year now and we don't really have an agent in our pocket and we do just fine. What a breath of fresh air from coming over from 4 years at Panther Expedited!!! There you had to fight for just about everything and when you didn't want to do a load you got a call from the next guy up the line trying to coerce or down right threaten you into doing it.
Landstar vs Schneider Choice ( Comparison )
Discussion in 'Ask An Owner Operator' started by Jar-Head, May 9, 2014.
Page 19 of 41
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russellkanning Thanks this.
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The success and failure of a owner operator at any company including LS or SNI filling load boards can be attributed to the following
1. Not knowing your Cost Per Mile ( CPM ) to operate .
2. Not know your Return on Investment ( ROI ) on equipment etc .
3. Not learning from mistakes as RC said . This is something that can be attributed to knowing freight markets , Freight trends , nitche markets , broker or agent relationships .
4. Not controlling Controllable or variable expenses such as Fuel Cost , Fuel Taxes , Tire Wear , etc .
5. Not negating a good freight commitment from a broker or agent .
6. Not getting things in writing
7. Not knowing your largest 2 costs to run the truck and ability to reduce or minimize those costs ( as covered in #4 above )
8. How to buy fuel .. There is a science to it that some never grasp .
there are other factors but these are some of the top ones as to why some fail in a run your own truck type model .Newtrucker48 and Shakey52 Thank this. -
Some folks never understand it's a business also , and never get the learning curve to converting to being a business owner .
You can't just fuel up and drive 75 roll and go .. You have to be business minded to run a successful business . -
russellkanning Thanks this.
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As far as the 90 day inspections SNI also has that requirement as does LS
ive been told at LS the certified vendors try to find stuff wrong with your unit . Because if there is a problem LS don't pay for the inspection costs and the BCO must pay out of picket for both the inspection and repair ( which repair would be your anyway ) . ( I could have bad information but what I was told )
Maybe a LS operator will chime inrussellkanning Thanks this. -
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Shakey52 Thanks this.
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Going back to the truck age thing. There's a guy here that has a Marmon! And another that has a White! Both Marmon and White went out of business back in the 70's or 80's I think. I was talking to a Prime driver and he told me my 2005 century was too old to work there. It had to be 5 yrs or newer. That pretty much means you will NEVER pay off your truck. Soon as its paid you have to by another. Interesting thing is that a lotta those guys are lease purchasing from Prime. This seems like a win for Prime. I see a lotta guys saying that once they pay off their truck they need to buy a new one for the tax write off. This doesn't make good business sense to me. Just run less miles. Its easier on you and your truck. I know this isn't really on topic but it does go back to what you were saying about business sense.
Another thing you mentioned is SNL gives an interest free loan to fix your truck. This is awesome! That's what the rich do! Use other peoples money to make theirs. LS will lend you money but at 18%.russellkanning Thanks this.
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