Excessive!!? Jim Palmer

Wil Trans assumed operational control in March 2014.

 

Oh heck no, all changes were for the better. And I made tons of money there, here is my 1099 from last year on a lease-purchase. I kept 48.5% of it. Driving solo.

 

Have you tried reapplying?

 

Wow

 

So you netted about 85k. And ran how many days of the year to do it?

 

Do the math again, it's $93,660. And I went home every month.

 

For what? 2 days? The reason i asked is because there are much better opportunities out there. I made 63 last year and worked literally less than half the year. If i was willing to work full time and be much less picky on what type of loads i haul, that net number would be much closer to 140k.

The point is, these lease purchase deals at mega box carriers are not good when you compare them to leasing a truck to a good carrier.

 

And a good carrier would be...

 

Landstar, bennett, admiral merchant, daily, mercer. Those would be at the top of my list to research more, if i was looking to lease to another carrier. I've been with mercer a few years and am definitely a happy, profitable camper, but there truelly is no "best" one size fits all carrier. What is best for me won't necessarily be best for you, or the next guy.

 

I don't know about the others, but I did talk to Landstar. First off, you can't sign on unless you have your own truck. That let's out maybe 90% of us. They pay 68% of linehaul plus fuel surcharge if you use their trailers. JPT pays 70% plus 100% of FUSU, a small edge to JPT. After the lease is up you can buy the truck for $2500, and after 5 years you get a longevity bonus of $10,000. After 18 months you can take the truck and haul for anybody, just keep up the payments. It's a walk-away lease, if you decide for any reason to quit they can't sue you for the balance of the lease. You can take more hometime than I did, up to 4 days per month, but I chose to maximize income. Ymmv, but I could find no downside to the deal, but 193,411 reasons to like it.