My JCT "Failure"....

For some of us its the only way through the door. After being thrown under the bus, train, truck and tossed into a deep river tied to rocks (massive medical bills wiped me and my credit out) it was the best option.

Since most expenses are paid by the company the pay is about equal to a well paid company driver so long as the flease payments are being made. Once the flease is paid its not so bad. With fsc the current rate is $1.17 and after my costs it knocks it down to $0.42-$0.52 CPM depending on weight, weather, fuel costs etc.

Certainly not getting rich but the truck is over 1/2 paid off. If I pay it off, more (better) options will be present.

TA (a 2+ year fleaser)

 

Well - I really appreciate the honesty - in an industry filled with many blowhards and braggers. If only more could be like you. It seems I have to drag that simple concise answer that you gave out of most folks after hearty screaming, kicking and protests.

All that irritates me about the lease purchase is how the companies pump the drivers head full of fluff about being an owner operator. They're really not. I'm really not either. I own my truck, I have an agreement with a bank to use my trailer while I pay it off, and I use a company for their DOT numbers, and several systems in which I give up 27% of my gross revenue.

When I bought a house, I would say "I own a house, well - the bank does, but I'm paying it off".
When we bought rentals, I never said "I own rentals", until we paid them off. I said "We have some rental property that the bank is financing", or "We're in the rental business" - if I really wanted to sound fancy.

The bank becomes the boss. You want to keep your "x" - then you better go to work. If there's a boss at work too, then you've got twin misery.

So - back to the point, if lease operators like yourself could simply say - "I do about as good as most company drivers, but I'm trying to buy the truck as I go, so I have a better future" - then I could say "Good on ya bud - hope it goes well" - instead I just stay out of the Prime threads for fear of lifetime banning.

 

$1.17 with FSC and you still have a dispatcher.
I am lost for words

 

lol that was good

 

I think he got ya there!

 

The driver that mentioned he earning .42c should go further. Medical premiums for himself more if he has a family plus personal taxes. Company indicates an average of .23c per mile. My brother worked for them and he he would stay out 2 month and average over 3k miles per week. After going through his settlementson his take home was .23c per mile. This is the main reason why JCTdriver turnover is as of 6/25/15 is 108%. Transport Topics also has verified this info and Kevin Rutherford. They bring in drivers to make there truck payments and they own the leasing company. When are these guys going to wake up? When there in BK....

 

Sorry you don't agree with Rutherford. In any case that's my point exactly companies like JCT attract drivers and offer the moon but to fail only. It's a sad situation. As for myself after 30 yrs and a small company I've built from one truck to 29 trucks it's been a sacrafice. I know several LP drivers at JCT and I've hired several of them by them looking for other opportunities and I've hired them thankful there doing great now. Many companies do the lease option because it's cheaper for the bottom line and satistics show that 4 out of 25 drivers will have successfully completed the so called LP. Happy trails my friend. Let's not judge anyone unless you know them personally, or unless you be judged yourself. Words I live by and has benefited me. Take care.