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Details of leasing on to a carrier

Discussion in 'Ask An Owner Operator' started by admhays, Jan 21, 2014.

  1. Jan 21, 2014 #1
    admhays

    admhays Light Load Member

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    Oct 17, 2013
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    I am curious as to what a typical agreement between a carrier and O/O looks like. I understand th difference between mileage and % but what is standard to expect? What obligations do I have as an O/O and what obligations are on the carrier?
     
    admhays, Jan 21, 2014
    admhays, Jan 21, 2014
    #1
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  3. Jan 21, 2014 #2
    kw550cat

    kw550cat Medium Load Member

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    May 22, 2012
    brooklyn, new york
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    It depends on the carriers terms. Each is different. Some provide plates for free or a fee. Others give authority or require you to have your own.Some pay things others don't, like tolls. The carrier I am leased to provides an authority. They pay my authorized tolls that are then billed to their customer. When I had owner operators working for me a while back, I provided authority, plates, cargo and liability insurance if they pulled my trailers.
     
    kw550cat, Jan 21, 2014
    kw550cat, Jan 21, 2014
    #2
    admhays Thanks this.
  4. Jan 21, 2014 #3
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    Rancho Mirage, Ca.
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    It's spelled out in the lease. You can "agree" to their stipulations or "change" an item. However, they must "initial" any changes. Usually, you get to see their package before you sign. Don't rush, read it over carefully. Something to watch out for………a carrier that wants to re-negoiate your lease, 6 months in.
     
    Allow Me., Jan 21, 2014
    Allow Me., Jan 21, 2014
    #3
    admhays Thanks this.
  5. Jan 21, 2014 #4
    admhays

    admhays Light Load Member

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    What did you offer the owner operators that you provided plates, cargo, and liabilty for? percentage or mileage and whats a fair rate?
     
    admhays, Jan 21, 2014
    admhays, Jan 21, 2014
    #4
  7. Jan 21, 2014 #5
    kw550cat

    kw550cat Medium Load Member

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    May 22, 2012
    brooklyn, new york
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    I paid 70 of gross pulling a flat/step years back. If they came with their own trailer and insurance it went to 85. It was a regional job and they got home often which might make up for the low rates. Today, I think 70 is fair for just a truck and 85 for a trailer.
     
    kw550cat, Jan 21, 2014
    kw550cat, Jan 21, 2014
    #5
    admhays Thanks this.
  8. Jan 21, 2014 #6
    admhays

    admhays Light Load Member

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    Oct 17, 2013
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    Is an O/O an employee or do they get a 1099?
    The O/O is responsible for fuel and maintenance on their equip at the 85% correct?
    thanks for the advice
     
    admhays, Jan 21, 2014
    admhays, Jan 21, 2014
    #6
  9. Jan 21, 2014 #7
    kw550cat

    kw550cat Medium Load Member

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    May 22, 2012
    brooklyn, new york
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    Yes the o/o is responsible for fuel, maintenance, and bills.
     
    kw550cat, Jan 21, 2014
    kw550cat, Jan 21, 2014
    #7
    admhays Thanks this.
  10. Jan 21, 2014 #8
    Flightline

    Flightline Road Train Member

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    Oct 1, 2011
    Almost There
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    The O/O is responsible for 100 percent fuel, manintenance and all repairs and almost all tickets and fines incurred.

    Some carriers provide the trailers and if so, they normally are responsible for all repairs and maintance except any damage that occures.

    O/O are supposed to get 100 percent fuel surcharge money, but alot of carriers keep part of this secretly.
     
    Flightline, Jan 21, 2014
    Flightline, Jan 21, 2014
    #8
    admhays Thanks this.
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