What advantage is it to lease to a company.

1.05 a mile, youre really working for peanuts

 

They probably average close to $2/mile and give you $1.05. I wouldn't do it.
If they're paying you fixed per mile then they're more inclined to give you shorter runs with less miles

 

Sounds like you chose the wrong company. Find a percentage company that has direct customers or buy a trailer and go on your own.

 

Forgot to mention. Only work for carriers who will email you a rate confirmation for EVERY LOAD without you having to ask. If they don't show you the rate then it's 100% they're ripping you off. It might seem like a good deal to get $1000 for 300 miles, but carrier could get $1200 and keep an extra $200 for themselves

 

Wait! Did someone say go lease onto F2F after how they screwed their drivers last year? Did someone kill Big Bad Bill and I missed it?

 

Because for some it is a BIG PIA to have an authority.

If you understand how the system works, and use it to your advantage, you get paid weekly, you don't have to chase money nor take losses because the broker you picked sucked and when you tried to factor it, the company bounced it back to you because they couldn't collect.

 

There are so many different lease contracts its hard to really lay them all out and say who or what is better.

Some lease on in because they are just starting out and its easier to use said companies fuel card, pull their trailer and have steady work.

Others like me are comfortable with their arrangement. Its safe, almost no office or paper work to deal with. Can be dispatched like a company driver or pick and choose loads yourself.

For example,..yes I give up a percentage of the line haul to my carrier. In return my only expenses are Fuel, botail insurance and tag/registration. Carrier covers everything else including IFTA. I get a settlement every week by direct deposit. No invoicing or chasing money. I get discounts on tires through his national account. I also get mechanical discounts labor/parts if I get work done at a place he has an account with. Only in the Chicagoland area at this point. But I have a good mechanic I use in Fla or I do it myself when ever possible. Not the greatest or best,.. but this is safe and has served me well so far.

Lots of different reasons to lease on.

I do want to eventually cut loose and get my own authority. I am sure I would make more money. Just not sure if I really want to deal with all the paperwork/invoicing etc plus right now I feel safe under my carriers wing. Its the unknown we fear the most.


Hurst