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Discussion in 'Lease Purchase Trucking Forum' started by SheepDog, May 20, 2014.

Page 25 of 41
  1. Aug 18, 2015 #241
    SheepDog

    SheepDog Road Train Member

    3,482
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    Nov 30, 2008
    Sand Lake, MI
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    I was wrong,,,,72% is what they pay BCO's pulling there own trailer...
     
    SheepDog, Aug 18, 2015
    SheepDog, Aug 18, 2015
    #241
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  3. Aug 18, 2015 #242
    SheepDog

    SheepDog Road Train Member

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    Nov 30, 2008
    Sand Lake, MI
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    The CEO of the company I am currently with says, he will not take anything off the 72%....
     
    SheepDog, Aug 18, 2015
    SheepDog, Aug 18, 2015
    #242
    Wickedfire77 Thanks this.
  4. Aug 18, 2015 #243
    popcorn169

    popcorn169 Road Train Member

    2,194
    1,714
    Sep 5, 2011
    state of confusion
    0
    I am assuming that you will get to pick your loads instead of the CEO of the company.
     
    popcorn169, Aug 18, 2015
    popcorn169, Aug 18, 2015
    #243
    SheepDog Thanks this.
  5. Aug 18, 2015 #244
    SheepDog

    SheepDog Road Train Member

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    Nov 30, 2008
    Sand Lake, MI
    0
    Yes I will,,,, I am going to try and sign up as an O/O instead of being under a fleet owner but, time will tell.
     
    SheepDog, Aug 18, 2015
    SheepDog, Aug 18, 2015
    #244
    popcorn169 and Wickedfire77 Thank this.
  7. Aug 18, 2015 #245
    Wickedfire77

    Wickedfire77 Road Train Member

    3,177
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    Mar 3, 2013
    Northern, Michigan
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    I investigated them a while back, and talked to many drivers. Lots of them flatbed/step deck drivers.
    They had nothing but good things to say . Freight rates are pretty decent from what I heard.
    Good luck.
     
    Wickedfire77, Aug 18, 2015
    Wickedfire77, Aug 18, 2015
    #245
  8. Aug 18, 2015 #246
    Oscar the KW

    Oscar the KW Going Tarpless

    12,247
    28,120
    May 19, 2011
    0
    Sounds like he wants to wash his hands of the business then.

    I would lease to LS then and make a go of it, or if there is some place you would rather go see if he'll let you take the truck and trailer there.
     
    Oscar the KW, Aug 18, 2015
    Oscar the KW, Aug 18, 2015
    #246
    blacklabel Thanks this.
  9. Aug 19, 2015 #247
    SheepDog

    SheepDog Road Train Member

    3,482
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    Nov 30, 2008
    Sand Lake, MI
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    I about lost it last night when I asked him again...He said I misunderstood him, yeah right,,,I told him if I did it is because he didn't explain it right, and I can prove that because I have not deleted my text's. He now says he will take 18% of the 72% and gives an example like this; "As it stands; if a load is at $3 a mile and FSC is $.30 than LS takes $.49 and our 72% is $2.21. Of that you get $1.81 plus the $.30 FSC." So, I imagine a load at $2.50 a mile and that would give me.....wait for it.....$1.48 plus FSC... Now, lest do that at a rate of $2.. that would give me...$1.18 plus FSC. I would starve at that rate..... I am looking for a company now that will give me a loan, even though, I doubt I will find one. I am a VET but have a poor credit history... God help me..
     
    SheepDog, Aug 19, 2015
    SheepDog, Aug 19, 2015
    #247
  10. Aug 19, 2015 #248
    blacklabel

    blacklabel Heavy Load Member

    870
    1,268
    Nov 6, 2011
    MO
    0
    Got any $$ down?
     
    blacklabel, Aug 19, 2015
    blacklabel, Aug 19, 2015
    #248
  11. Aug 19, 2015 #249
    fortycalglock

    fortycalglock Road Train Member

    6,164
    6,613
    Jun 25, 2011
    Tourist Town, FL
    0
    The owner is on a sinking ship. You're probably better off finding another truck. There's an agent here that will sell you a van trailer with payments too. Lone Mountain will take a 1,000 off the down payment if it's leased to Landstar. Good luck.
     
    fortycalglock, Aug 19, 2015
    fortycalglock, Aug 19, 2015
    #249
    Wickedfire77 Thanks this.
  12. Aug 19, 2015 #250
    RERM

    RERM Road Train Member

    1,683
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    Dec 13, 2012
    Chicago, IL
    0
    He's gonna take 18%?....for doing what????Landstar does their thing, you pick freight and he?????or does that 18% cover the payments you owe him????
     
    RERM, Aug 19, 2015
    RERM, Aug 19, 2015
    #250
    Wickedfire77 Thanks this.
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