Define "Leased-on"...

I said "sponsor", because by definition from Merriam-Webster: "one who assumes responsibility for some other person or thing". In other industries that are heavily regulated, such as real estate, one can have their license, but unless they are sponsored by somebody, they can't work.

Regardless, this industry has chosen to use the word leased-on instead of sponsor. It is what it is.

But now that I understand what the word means...it means that a company with MC authority is in a way leasing the driver and his equipment as opposed to the driver leasing his equipment...can you all please tell me the best way to use the term?

Should an OO say: "I am leased-on" or "I am being leased"?

 

Your equipment is leased onto the carrier with authority. It’s not that difficult. Don’t try and reinvent the trucking industry. Lol.

 

Maybe your using of the word sponsor would’ve been more accurate before deregulation when you had people go to the PUC hearings with you and vouch that your services were needed while others at the hearing were trying to keep you from receiving it.

 

I have wondered recently with all these legal disputes in the news…
Why don’t O/O leased on get regular employee status, protections, and a separate paycheck transaction for their equipment as a equipment leased. The 1099 would just go away and the equipment would be reported as sales income by the driver onto a business. The driver would just pay the taxes of the sales quarterly. Is that a possible move in the future? I can’t be the only one thinking like this, am I?

 

The reason that I wouldn’t be interested in that is because there’s a chance they start treating you like an employee, limiting your time off, etc.

 

At face value, I would think that companys prefer being able to just "lease" OOs, as it allows them to get what they need with minimal cost. They don't have to deal with all of the costs/responsibilities/liabilities that come along with hiring another "employee".

 

Of course they do. It’s cheaper. Legislation is in the works to end this model. Time will tell what will happen.

 

I’d have no problem doing the two check thing and being an employee as long as I can come and go when I want and I can take as much time off as I want.

 

Have had O/O's that did this already. Main reason was to get on our group insurance. Have to be careful doing it because the "employee" must be paid even if the "truck" doesn't have enough to cover it. That will make the LP company go away.