JB Hunt - Power Only program

I don't see how this is a good deal for anyone that has their own trailer. The rates are just too low. They are pretty persistent though.

 

Its not all about who's name is on the door or trailer... Its about profit at the end of day...

 

I can get rates that are 25%+ higher than what they pay and not have the added expense of paying for insurance that I don't need. If they got their power only rates up around $2/mile I might take another look at them, but for me to only receive about $1.40/mile and have to pay to insure their trailers and pay their general liability is NOT worh it. I could make as much or more by leasing to another carrier such as Landstar, Universal Am Can, or a number of other carriers. If you add in the fsc, you could probably make about as much with JB Hunt leasing to them as you could pulling their trailers under your own authority.

 

Right now they have a waiver for the trailer interchange insurance and the average rate is around 1.48 loaded. not too awful considering they pay all lumper fees and pulling their trailers

 

You don't need general liability. If JB Hunt want you to have the general liability then they should be willing to pay for it. General liability primarily protects them. That being the case, they should be the one who pays for it. I don't think that I would be interested as long as they require the general liability, especially with those rates. You should be able to lease to a carrier and get at least as good a rate as what they offer and without the extra expenses of insurance and paperwork.

 

The GL will protect you, especally if you have O/O running under your authority and they do something stupid at a shipper or recievers yard. I guess it depends on how you look at it. To me its not worth dealing with brokers and chasing load boards or having to worry about paying lumpers or worring about getting paid on time. I guess it all depends on what your cup of tea is.