O/O's, Watch Out for These Scams

Insurance...

I've leased onto 2 companies that charged me $150 a week for insurance. But when I got to a more reputable company, with the same amount of trucks, my insurance cost were cut in half.
So I did some research. Come to find out, that trucking companies can't sell insurance. And if they are deducting insurance from your settlements for more than theyare actually paying for the insurance, then they are breaking the law.
Example. $150 a week, comes out to $7,800 a year. An actual cost is about $65 a week. (Which includes bobtail and everything thing else). That equates to $3,380 per year. Which means, if your paying the $150, then your losing $4,420. Or should I say, your being robbed.

Fuel Cards...

Most companies allow their O/O's to use a company fuel card. They even tell you about getting a cash price discount. But what they don't tell you, is they are getting usually a .07 to .10 cents per gallon discount for using that particular card, that they don't pass onto the driver. That's right. Your buying the fuel, and the company your leased to is getting a kick back from the card company. Everytime you buy fuel, your company is making money off of you.
Don't believe me. Just ask to see the paperwork from the card company on your purchases. Tell the company, you want to see the paperwork to check the time stamp. Or make up something on your own.

Here's the numbers based on a 3,000 mile week # 6 miles per gallon.
500 gallons # $3.00 per gallon. That's $1,500 per week.
500 gallons # $2.93 per gallon. That's $1,465 per week.
That's only $35 a week, $1,820 a year.
Of course, if the company your leased to gets a bigger discount, then they're stealing even more from you.

Anyways, there's just a tad of information. I hope it helps someone out.

 

What do you mean by "Non reputable companies"? Please give me a grown up answer.

 

All of it together.