Benefits of being an O/O at a company VS completely freebird?

Your right. No self respecting business man would sue anyone who owed him money lol. Who needs money?

 

Let me rephrase... i did not ask you the question, you chimed in with a b/s answer that has nothing to do with anything. You’re opinion does not matter.














Back on point.
If you use a factoring company and the broker does not pay, what does the factoring company do?

If you are leased on and the broker does not pay, what does the Carrier do?

Both questions are as it reflects to you the owner operator & your business. This again goes back to “chasing money”.

 

I only factor brokers who are approved by the factoring company and have a high reputation of paying... Like Landstar, Werner, JB hunt, etc... even before I factored I never had a problem getting paid from any broker that I have ever dealt with... If it looks fishy then chances are it is..

 

I just tell them I'm going to file against their broker bond. It has had a 100% success rate for me.

 

That’s good to hear. It sounds like you have a good handle on it.

In my operation, i don’t run brokered freight. All of my customers are in house so to speak. I send invoices out weekly on a 30 day net & i hardly ever wait more than 2 weeks to receive a check. I have some real good guys that i pull for.

 

1st and foremost (i can’t stress this enough) DO NOT LEASE PURCHASE!!! Go thru a dealership. It is easier to get financing than you may think. They know the truck will make money. Hind sight what it is, i wish i had bought new. I have a good truck, but it is still 13 years old almost a million miles on it.

Wether you BUY new or used, searching a company becomes more involved than searching a job. Not only do you need a job you’ll like, but a lease contract that will work for you. Not for others, but for you! Take your time now while a company hand and do like you are research the crap out of it. Remember you are going from a truck driver to a business man. Once you buy that truck, you’re running a business.

 

That is what most (if not all) of us dream of doing.

 

Good job

 

Thank you both very much. I put the work in while i was leased up. I don’t have that big of balls. Lol. If i knew going into it with my own numbers i’d of had to rely on brokers, i would have never pulled the trigger. I’ve had to many bad experiances as a company hand with them.