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Running under another's authority

Discussion in 'Ask An Owner Operator' started by Bakkentrucking, Aug 28, 2019.

  1. Aug 28, 2019 #1
    Bakkentrucking

    Bakkentrucking Bobtail Member

    2
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    Aug 28, 2019
    0
    What percentage does a company usually get when you sign up and run under their authority? I am buying a truck from a friend in the oil patch. But he wants me to run under his authority until the the truck is paid off. I am figuring about 3 months or so.
     
    Bakkentrucking, Aug 28, 2019
    Bakkentrucking, Aug 28, 2019
    #1
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  3. Aug 28, 2019 #2
    Intothesunset

    Intothesunset Road Train Member

    2,289
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    Apr 15, 2019
    truck
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    Pick a number and it can be had.
    Just rember they must show you the original rate con.
    Unless you choose mileage pay. Do not choose that.
     
    Intothesunset, Aug 28, 2019
    Intothesunset, Aug 28, 2019
    #2
    Fabulous Maximus and FlaSwampRat Thank this.
  4. Aug 28, 2019 #3
    starmac

    starmac Road Train Member

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    Fairbanks Ak
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    If you are paying the insurance, 10% is fairly common on a deal like that.
     
    starmac, Aug 28, 2019
    starmac, Aug 28, 2019
    #3
    Fabulous Maximus and FlaSwampRat Thank this.
  5. Aug 28, 2019 #4
    Long FLD

    Long FLD Road Train Member

    11,894
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    Mar 4, 2015
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    What all are you getting with it? When I hauled cattle I gave 15% for trailer and authority and I found my own work. Currently I give him 3% for only authority and his wife going to the bank for me.
     
    Long FLD, Aug 28, 2019
    Long FLD, Aug 28, 2019
    #4
  6. Aug 28, 2019 #4
    FoolsErrand

    FoolsErrand Road Train Member

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    10-30%

    What you pay vs what they pay will dictate whether your deal is good or bad. For instance if they pick up 20k of insurance, plates, ifta and do invoicing for 25% vs you doing all that and they get 20%

    Study up. Theres a LOT of overhead to be shelled out. And realize that if the MC shells it out theyre gonna tell you stay hard at it on running loads. No week off cuz its rainy.
     
    FoolsErrand, Aug 28, 2019
    FoolsErrand, Aug 28, 2019
    #4
    Midwest Trucker Thanks this.
  8. Aug 28, 2019 #5
    Bakkentrucking

    Bakkentrucking Bobtail Member

    2
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    Aug 28, 2019
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    Thanx. Nah, we are hourly and run when they call. We are hashing it all out and I justwant to be fair all the way around.
     
    Bakkentrucking, Aug 28, 2019
    Bakkentrucking, Aug 28, 2019
    #5
    Fabulous Maximus, Dino soar and FoolsErrand Thank this.
  9. Aug 28, 2019 #6
    FoolsErrand

    FoolsErrand Road Train Member

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    Well thats a good policy by any measure.
     
    FoolsErrand, Aug 28, 2019
    FoolsErrand, Aug 28, 2019
    #6
  10. Oct 11, 2019 #7
    barbarastanford

    barbarastanford Bobtail Member

    2
    1
    Oct 11, 2019
    0
    Need the company to run 2 trucks under their authority.
     
    barbarastanford, Oct 11, 2019
    barbarastanford, Oct 11, 2019
    #7
  11. Jan 28, 2021 #9
    mrdanny4783

    mrdanny4783 Bobtail Member

    1
    0
    Jan 25, 2021
    0
    Most of what I am seeing is 15% to the company and you cover your insurance. I have a buddy that is running at 18% and is being charged $150 week for insurance.
     
    mrdanny4783, Jan 28, 2021
    mrdanny4783, Jan 28, 2021
    #9
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