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Should the company you're leased to get a cut of the FSC?

Discussion in 'Ask An Owner Operator' started by moblue, Aug 24, 2010.

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  1. Aug 24, 2010 #1
    moblue

    moblue Light Load Member

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    I'm a new o/o and the company I'm leased to takes a percentage of the rate but it appears that they include the FSC in the rate and not as a separate thing. Is this the norm?
    Example: the rate is 1500 and the FSC is 330. Instead of taking their 15% from 1500 they take it from 1830.
    Thanks in advance for your advice.
     
    moblue, Aug 24, 2010
    moblue, Aug 24, 2010
    #1
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  3. Aug 24, 2010 #2
    Lilbit

    Lilbit Road Train Member

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    Who's paying for the fuel?
     
    Lilbit, Aug 24, 2010
    Lilbit, Aug 24, 2010
    #2
  4. Aug 24, 2010 #3
    moblue

    moblue Light Load Member

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    I pay for the fuel
     
    moblue, Aug 24, 2010
    moblue, Aug 24, 2010
    #3
  5. Aug 24, 2010 #4
    ky wildcat 4ever

    ky wildcat 4ever Heavy Load Member

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    By law they cant do that but with loopholes they can and do all the time
     
    ky wildcat 4ever, Aug 24, 2010
    ky wildcat 4ever, Aug 24, 2010
    #4
  7. Aug 24, 2010 #5
    Roadmedic

    Roadmedic Road Train Member

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    I am not sure they ever passed that as a law.

    But morally, they should not.
     
    Roadmedic, Aug 24, 2010
    Roadmedic, Aug 24, 2010
    #5
  8. Aug 24, 2010 #6
    moblue

    moblue Light Load Member

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    I thought something was wrong with that picture, but I just had to double check.
    Thanks for the responses so far.
     
    moblue, Aug 24, 2010
    moblue, Aug 24, 2010
    #6
  9. Aug 24, 2010 #7
    ky wildcat 4ever

    ky wildcat 4ever Heavy Load Member

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    You can call OOIDA and they can tell you for sure good luck
     
    ky wildcat 4ever, Aug 24, 2010
    ky wildcat 4ever, Aug 24, 2010
    #7
  10. Aug 24, 2010 #8
    Roadmedic

    Roadmedic Road Train Member

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    I have no interest in calling that organization.

    I can look it up myself if I want to.

    I quit them after a year when I received 8 pieces of mail during the year and 6 were for renewal notices.
     
    Roadmedic, Aug 24, 2010
    Roadmedic, Aug 24, 2010
    #8
  11. Aug 24, 2010 #9
    ky wildcat 4ever

    ky wildcat 4ever Heavy Load Member

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    Yea i dont use them but thought it might help him out
     
    ky wildcat 4ever, Aug 24, 2010
    ky wildcat 4ever, Aug 24, 2010
    #9
  12. Aug 25, 2010 #10
    bullhaulerswife

    bullhaulerswife Forum Leader/Admin Staff Member Administrator

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    Mo,

    Any honest person would not be able to sleep with themselves at night taking part of the FSC. Our broker never touches our FSC. His percentage is figured on the gross of the loads, and then the FSC is added into the total. Unless your company wants to share in the cost of the fuel, then they should not touch your FSC. Period.
     
    bullhaulerswife, Aug 25, 2010
    bullhaulerswife, Aug 25, 2010
    #10
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