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Lease/ own authority

Discussion in 'Questions From New Drivers' started by Dragonheart, Sep 17, 2019.

  1. Sep 17, 2019 #1
    Dragonheart

    Dragonheart Light Load Member

    100
    62
    Aug 24, 2018
    0
    First, can I lease with two different companies?
    If not, can I get my own authority and work for companies like landstar, Mercer, and other companies at the same time.
    I spoke with an o/o that said he pulled loads from different companies
     
    Dragonheart, Sep 17, 2019
    Dragonheart, Sep 17, 2019
    #1
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  3. Sep 17, 2019 #2
    ibcalm19

    ibcalm19 Road Train Member

    1,439
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    Nov 30, 2015
    Pennsylvania
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    If you have your own authority you can haul for ever you like as long as you have the equipment and insurance requirements. I doubt you can be lease to two companies with the same truck unless they have an agreement that you pull their freight.
     
    ibcalm19, Sep 17, 2019
    ibcalm19, Sep 17, 2019
    #2
  4. Sep 17, 2019 #3
    lovesthedrive

    lovesthedrive R.I.P.

    15,953
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    Nov 11, 2008
    Sorrento Maine
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    Also you need to get one years driven. No companies will take you with less and insurance is 10x higher than what it would be after your first year driven. I just looked it up. Start up costs are unreasonable for less than a year driven
     
    lovesthedrive, Sep 17, 2019
    lovesthedrive, Sep 17, 2019
    #3
    xairx Thanks this.
  5. Sep 17, 2019 #4
    xairx

    xairx Light Load Member

    100
    94
    Jun 24, 2019
    0
    It's called a "trip lease". That was very popular back in the day. It's a major pain the ###. Also the regs prevent you from being leased on to more than one company nowadays.

    If you have your own authority you can work with whoever you want. That's as long as they want to give you work... Not everybody wants the "new" guy.
     
    xairx, Sep 17, 2019
    xairx, Sep 17, 2019
    #4
    Bean Jr. Thanks this.
  7. Sep 19, 2019 #5
    Rideandrepair

    Rideandrepair Road Train Member

    16,522
    53,935
    Aug 8, 2015
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    The added insurance cost of a new authority is high these days. 2 or 3 x as high for a few yrs. at least. That’s the biggest factor to consider. Do your research, the answer will be clear, with all the numbers on paper.
     
    Rideandrepair, Sep 19, 2019
    Rideandrepair, Sep 19, 2019
    #5
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