I’ve been leaning towards buying a truck here within the next couple of months hopefully the prices on them will start to drop. My plan once the truck is bought would be to lease It on to a company. The company I currently drive for isn’t currently taking o/o, we also haul dry vans and I’m trying to get a feel for the reefer side of the business so I was considering leasing to a refrigerated company.
Has anyone taken this route, and are there some things I should look for when leasing a truck to a company
Looking for feedback and advice
Discussion in 'Ask An Owner Operator' started by ThomasTrucker21, Mar 28, 2022.
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Make sure to read the lease agreement before you sign it. Get a list of all weekly charge backs. Find out if you choose what freight you run or if your dispatcher does. Are there any penalties for refusing freight? Are there any charges for freight not completed because of breakdown. Do you receive a fuel surcharge and do you get 100% of the surcharge?
What is the companies CSA scores ? Do they have direct freight customers or do they run off the load boards ( Broker freight). Do you get Detention time - how much and how many hours of free time do you have to give up? Do they have a fuel card? Do you get a fuel discount- if so, is it at the pump or at settlement?
Do they offer EZ Pass or Pre Pass? Do they reimburse for tolls or weight tickets? Do they have a shop that will work on your truck? How much is the escrow? When do you receive settlement for BOL's completed? I am sure I missed some items, but if they hesitate to answer any the above questions, then move on to the next carrier.D.Tibbitt, Dino soar and ThomasTrucker21 Thank this. -
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dwells40 Thanks this.
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I talked to Moeller Trucking today
75% of linehaul, 100% of fuel surcharge, no northeast, primary running lanes are FL-TX-OH, cargo and liability ins provided, fuel discounts, 1 pick and 1 drop, 50% drop and hook, no trailer rental, plate program, reefer fuel covered by company, maintenance provided at shop also set up maintenance account with bi-weekly deductions -
Also give o/o detention and layover pay
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It really means nothing
I was on with a company that paid 90%
Switched to a company that pays 75% and I have hauled the same loads for the new one that I had for the old and made more at 75%
90% of $2 is $1.80
75% of $4 is $3
All companies will move money around like a game of Monopoly
You just need to find the one you like the most and are ok with their gameD.Tibbitt, Dino soar and ThomasTrucker21 Thank this. -
Ask Moeller what their rate is back out of Florida. I talked to them 3 years ago, and they have a contract for OJ coming back north. Their return loads at that time would have come out to 1/mile to the truck, including fuel. I’m sure it’s a little higher now but I would definitely find that out first.
ThomasTrucker21 Thanks this. -
I’d say if you’re going to buy a truck and lease it to a carrier, look at either Landstar, Mercer or even Schneider, you pick your loads, and if you fail, it’s all on you, not some load coordinator.
D.Tibbitt and ThomasTrucker21 Thank this. -
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