Leasing under a carrier's authority

We currently have a policy of 90% of the linehaul for trucks leased under us... it makes the M/C a little (VERY little when we factor), $$$, but, more importantly, when you have satisfied OPs and several more trucks to offer, your business grows steadily and at a pace that can be managed well... good luck to ya!

 

I was getting 87%. I was leased on to both Farm2Fleet (it was never hid here) and to a local carrier I will not name (it never was named here).

If you give them a fuel card, make sure you pass on the fuel rebates to them. This adds up to a considerable chunk of change over the year.

If you allow them to book their own loads and use load boards and help you cover your trucks, offer a decent finders fee for bringing the work in.

one place deducted the cost of the cargo insurance from my settlements, he other didn't. It makes a difference in our bottom line too.

Keep your settlements impeccable. This will upset an O/O more than nothing else if these are messed up.


The issues above led to me saying to heck with it and got my own authority.....

 

What he said about settlements, take great pains to ensure they're correct nothing is more irritating. Also be very picky and screen your prospects carefully, business minded individuals only. Mileage seekers could apply elsewhere that's not business think. Run a credit check on them, you want folks who pay their bills. Have strict standards to protect your saftey scores. There are some things imo that are zero tolerance terminate a lease like getting caught not current on logs. That's how I view it, basically how I'd do it, but if I get my own authority I'm not likely to add on any more headaches.

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Dear sir,
i am citizen of India . I want to purchase 2 to 4 trucks in Usa ,can you hire those truck.

Regard

harpreet

 

Now that is funny

 

I will need two goats in trade.

 

I will hire your trucks, only if an arranged marriage to 72 virgins is a part of the deal...and a lifetime supply of curry. Could you also show me the best place to cut the hole in the floor??

 

Do you cover them on your insurance at that 90%, primary liability and cargo? If so, that would seem to leave VERY little for you....

 

NO... insurance would wipe out the 10% and THEN cost us about another $500 a month per truck... no M/C is going to operate at that kind of a loss... there's fair treatment required by all in the agreement... the M/C makes about $50-80 per truck per week after it's all said and done at that 10% (when factoring BOL's)... not much, but, seriously... the OP is doing 90% of the work, so gets 90% of the $$$... this M/C is the ba$ta@d brainchild of mine when I wanted to strike out on my own authority... my 28 y/o son, who owns an I.T. company, offered to be my back office, so to speak... he neither needs, nor takes, a paycheck from the M/C... however, he IS getting paid by learning the ins and outs of this industry, and eventually, will build enough capital to NOT factor BOL's... meaning he'll make, after costs, about $200-$300 per truck per week... not a killing, but fair to all... so I think, anyways.