Looking for feedback and advice

Discussion in 'Ask An Owner Operator' started by ThomasTrucker21, Mar 28, 2022.

  1. ThomasTrucker21

    ThomasTrucker21 Medium Load Member

    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
     
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  3. Eddiec

    Eddiec Road Train Member

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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.
     
  4. ThomasTrucker21

    ThomasTrucker21 Medium Load Member

    Wow thank you I didn’t even think about a lot of those things you mentioned
     
  5. kranky1

    kranky1 Road Train Member

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    When you have a list of prospective companies, take it to your bank and have them run their credit. You may come out of there with a pretty short list, or no list at all.
     
    dwells40 Thanks this.
  6. ThomasTrucker21

    ThomasTrucker21 Medium Load Member

    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
     
  7. ThomasTrucker21

    ThomasTrucker21 Medium Load Member

    Also give o/o detention and layover pay
     
  8. GYPSY65

    GYPSY65 Road Train Member

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    Don’t get hung up on that percentage
    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 game
     
  9. buckeyetrucker

    buckeyetrucker Light Load Member

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    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.
  10. Judge

    Judge Road Train Member

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    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.
  11. ThomasTrucker21

    ThomasTrucker21 Medium Load Member

    Ok thanks will do
     
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