Owner Operator leased on but

2.5 % bank fee? Never heard of that one before

 

Most of those offers include some of the insurance burden and they provide the trailer and do some of the paperwork.

 

Billing …..

 

Should be in the contract that they signed!

 

If the company doesn’t have any direct customers and they’re just picking loads from the spot market I believe I’d be looking for a different company to lease to. Where I’m at I give up 20%, have direct customer freight, pull their trailer, and run their fuel card. Basically I pay for my truck and all truck related expenses and pay my non-trucking liability insurance.

 

Charging for factoring

 

I have never heard of a 2.5% bank fee. What exactly is that?
Generally if you are leased on to a carrier, they provide you with all the permits, insurance. The leasee will pay for these out of their settlement. Some offer base plates, which the leasee pays for as well. The leasee most of the time gets their own bobtail insurance. The leasee always pays for their own fuel and maintenance.

 

Reminds me of one of the popular YouTube trucking channels where the guy is a 80/20 split, has no direct customers, and charges somewhere in the $700s/month for trailer rental. I don't understand how anyone can see that deal and think, that's the place for me!