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Message:: [QUOTE="Old Man, post: 1455875, member: 27829"]Ls looks at your ablity to fund your side of the business, as a first time owner, no track record they need to look at your abilty to fix your truck without borrowing from them, Many have bought a few tires or had a big repair bill and got help from LS and then quit, and never repaid their loan. They even mention it in their quartely report.Many think just because you have a truck and meet minium requirments you just sign on, but they only hire about 3 out of 100 that apply.  "Maintenance costs for Company-provided trailing equipment, BCO Independent Contractor recruiting costs and bad debts from BCO Independent Contractors and independent commission sales agents are the largest components of other operating costs." Read more: <a href="http://www.faqs.org/sec-filings/100430/LANDSTAR-SYSTEM-INC_10-Q/#ixzz0wAaOdPJZ" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.faqs.org/sec-filings/100430/LANDSTAR-SYSTEM-INC_10-Q/#ixzz0wAaOdPJZ" rel="nofollow">http://www.faqs.org/sec-filings/100430/LANDSTAR-SYSTEM-INC_10-Q/#ixzz0wAaOdPJZ</a>[/QUOTE]