The Do's and Don'ts at Landstar

landstar8891 · Oct 27, 2013

gerardo1961 said: ↑

Here my LS-numbers.Workers-Comp-week $31.38-52 weeks $1631.76, bobtailinsurance week $19.45- 52 weeks $1011.40
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Worker comp= 1631.76 a year(not needed)

Bobtail Ins = 1,011.40 a year (not needed)

2643.16 you could save just on that..That is 2643.16 towards your own Cargo and Liability

landstar8891 · Oct 27, 2013

Oscar the KW said: ↑

I don't think he will, he's to comfy in mother LS's womb.
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Very Soon..I will keep you informed......

fortycalglock · Oct 27, 2013

landstar8891 said: ↑

Worker comp= 1631.76 a year(not needed)

Bobtail Ins = 1,011.40 a year (not needed)

2643.16 you could save just on that..That is 2643.16 towards your own Cargo and Liability
Click to expand...

The problem with WC is you don't know if you'll need it. But yes that grand in Unladen Liability is not needed under your own authority. If you hire any o/o to your authority, you'd be wise to require it from them though, just like Landstar does.

landstar8891 · Oct 27, 2013

fortycalglock said: ↑

What LS is saying is bobtail is actually called unladen liability as it covers you when you have a trailer attached. Since you dispatch yourself, that is why it includes the trailer. I've never leased to a company that didn't require at least bobtail, and I myself required O/O leased to me to have it.

NY requires WC, otherwise he could have OCC/ACC at about half that price. A lot of companies that you lease to require this as well.

There is nothing stopping you from running your own plate at Landstar, Mike is just to lazy to get his own. The $200 in permits charged here covers things like UCR which was $80 for a truck and trailer per year. Add in IFTA decals, NYHUT, NJ tax, etc and $200 is a bargain.

E logs, well if Mike hadn't screwed up, he'd still be on paper. New hires don't have that option, but it is what it is. Given that a new entrant MC# will have an audit within 18 months, a log auditor is a pretty good investment, and they run about $30 a month.

Group IFTA sucks for sure, but I'm to lazy to file my own, if LS would allow it. If I were getting 8-9mpg, I would look into it.

All in all, the only thing that matters at the end of the day is profit per mile, no matter where you are. I make sufficient profit per mile, and have all of the freedom I want ( I just took two months off where I only pulled 4 locals, no issue from LS). I've run my own authority before, and the costs at LS are nothing compared to actual costs of running your authority properly. Especially if you forget, or did not know about AR and KS Ad Valorem taxes, NY HUT, NJ corporate tax, etc. It's even worse if you go through an IRP/IFTA audit with a revenue agent from your state. They are there to make your state money. Mike ####### about LS EVERY DAY, but he's still here. I dare him to get his own numbers. In fact, if he does and gets through his new entrant audit, I'll give him a $20 comcheck. How about it LS8891???
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Fortycal..I always respect your opinion..I just had a meeting with a friend of mine Joe.He is 70 years old and is retiring..I just bought his trailer today.One step closer to my ''REAL'' OWN BUSINESS..Not L/S version of our own business...

He layed every number out for me...

His NY Tag is 1,300

NY Trailer Tag is a one time 27.00

Cargo and Liability is 9,100...(This covers everything)

No workers comp needed in NY State unless you employ drivers.Then you have to pay...

His AUTH was 299.00....One time.

He has his own ''account'' for IFTA...He recieves a CREDIT EVERY QUARTER..It takes him 45 minutes to punch in the numbers a quarter....

He has ZERO CSA Points and passed every audit since the 70's....By the way..He seen the IRS/DOT Audit man TWO TIMES since the 70's...

Forty i am sorry you still have the L/S Rose Colored glasses on...STOP DENYING WHAT LANDSTAR DOES TO US BCO'S..!!!!!!

This has to be talked about....

landstar8891 · Oct 27, 2013

fortycalglock said: ↑

The problem with WC is you don't know if you'll need it. But yes that grand in Unladen Liability is not needed under your own authority. If you hire any o/o to your authority, you'd be wise to require it from them though, just like Landstar does.
Click to expand...

NY DOES NOT require workers comp or Unladen,unless you hire a worker....L/S has a cadillac fund called Unladen...LMAO...

landstar8891 · Oct 27, 2013

fortycalglock said: ↑

They require every driver to have an OCC/ACC policy. Some states like NY require actual Workers Comp. In TX, most likely you'll just need the base OCC/ACC. If you don't like it, lease somewhere else. A lot of carriers require it, and in ls8891's case, the state requires even better coverage. That amount he is paying is cheap BTW. My quote for Florida WC on my drivers when I had my authority was 18% of gross wages, which would have been almost $200 a week, per driver.
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NY requires NOTHING..Unless i hire a driver...GEESHHHHHHHHHHHHHHHH...

landstar8891 · Oct 27, 2013

fortycalglock said: ↑

What LS is saying is bobtail is actually called unladen liability as it covers you when you have a trailer attached. Since you dispatch yourself, that is why it includes the trailer. I've never leased to a company that didn't require at least bobtail, and I myself required O/O leased to me to have it.

NY requires WC, otherwise he could have OCC/ACC at about half that price. A lot of companies that you lease to require this as well.

There is nothing stopping you from running your own plate at Landstar, Mike is just to lazy to get his own. The $200 in permits charged here covers things like UCR which was $80 for a truck and trailer per year. Add in IFTA decals, NYHUT, NJ tax, etc and $200 is a bargain.

E logs, well if Mike hadn't screwed up, he'd still be on paper. New hires don't have that option, but it is what it is. Given that a new entrant MC# will have an audit within 18 months, a log auditor is a pretty good investment, and they run about $30 a month.

Group IFTA sucks for sure, but I'm to lazy to file my own, if LS would allow it. If I were getting 8-9mpg, I would look into it.

All in all, the only thing that matters at the end of the day is profit per mile, no matter where you are. I make sufficient profit per mile, and have all of the freedom I want ( I just took two months off where I only pulled 4 locals, no issue from LS). I've run my own authority before, and the costs at LS are nothing compared to actual costs of running your authority properly. Especially if you forget, or did not know about AR and KS Ad Valorem taxes, NY HUT, NJ corporate tax, etc. It's even worse if you go through an IRP/IFTA audit with a revenue agent from your state. They are there to make your state money. Mike ####### about LS EVERY DAY, but he's still here. I dare him to get his own numbers. In fact, if he does and gets through his new entrant audit, I'll give him a $20 comcheck. How about it LS8891???
Click to expand...

That's it you cheap ####...20.00..?????...Geeshhhhh you must work for L/S....
I am looking at the ''list'' OOIDA sent me...TO SIMPLE FORTY...It's like following a dotted line.Anyone can do this,it's a joke...Nothing to it..It will take about 15 minutes a day on the paperwork...

landstar8891 · Oct 27, 2013

And Forty..I am NOT on an E-LOG...

InternationalTrucker · Oct 27, 2013

rollin coal said: ↑

Always keep in mind if you "go to a bad area on a "good" rate" and yet, can't seem to deadhead out farther than 100 miles to get another rate - then you got a poor rate to the dead area. Let go of the thinking that "deadheading 500 miles" is a bad thing. Shippers and agents expect to pay much higher rates into dead areas. Really no-one can answer your questions for you. You just have to get out there and learn where to go. It takes time. Find good agents with good paying freight and COMMUNICATE effectively with them. And you will not have a problem making money.
Click to expand...

Leaving and learning and keeping all the advices close to my heart as I want to be a very sucessful bco.

landstar8891 · Oct 27, 2013

InternationalTrucker said: ↑

Leaving and learning and keeping all the advices close to my heart as I want to be a very sucessful bco.
Click to expand...

You will be sucsessful..I just want to tell you the ''WHOLE'' truth about what your getting yourself into...

For some strange reason the BCO'S that tell the whole truth get run over time and time again...Landstar's rose colored glasses is like trying to get an Alcoholic off his Booze..

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