The worst company anyone can work for. MORGAN SOUTHERN/ ROADRUNNER INTERMODAL SERVICE

Bigdad7, what terminal are you running out of? Are you happy with what your doin? Just curious, I'm about to take the big plunge and drive for Morgan out of Conley, Ga! Not sure what to expect other than what recruiter told me!

 

I,m with a reefer outfit pretty happy ..,.of course it,s trucking so i have my days i want to sceam followed by days of euphoric bliss .....be happier when my second truck starts rolling next week ...my recruiter was josh but in all honesty where i,m at most everyone is straight up

 

....no offense intended bro ,ive seen alot of guys get burned with leases can't say what the statistics are ...a good guess would be about 85 percent failure

 

I,m not intending to support lp,s but in general business classes i was taught that accross all businesd startups the failure rate in the first five years is 95% except within an established. Franchise. System so that being sais an 85% failure rate is not that bad all figures are relative and one should do everything to minimize that risk when possible

 

Ever stop to think about why trucking companies offer lease/purchase programs? It's not because they're kind hearted and want to give a guy a chance. It's because they can make more money if you are responsible for the truck and it's costs.

If they could make more money with hired drivers they wouldn't be falling all over themselves to lease you a truck. If they can't run the truck at a decent profit what makes you think that you can?

The only way to truck is as either a straight employee or as an OO with your own financing and paying your own expenses. A lease/purchase program benefits the owners, not the driver. Never has, never will.

 

I respectfully disagree sir. Yes you are correct, some l/p are upside down as is the majority! However there are some that are advantageous to both the driver and the leasing company, although few and far between.
whenever a company purchases new equipment, the equipment inevitably depreciates and money cannot be recouped unless companies creatively find ways to factor in marginal losses.

One way companies combat this is to creatively find ways to sell off there depreciated equipment with the most minimal loss on ROI (return of investment)! This is where L/P falls into play!
If a company can invest $80,000 for a tractor, run it for 3-4 years and then resale it for $30-$50,000, then there ROI is substantially more.

However, there are far too many companies that will do a L/P on a tractor that is incredibly upside down in market value and end value at end of lease that a driver is basically driving a dead horse!

When doing any L/P, always check the market value of the truck and read the contract thouroughly for hidden costs that can add to the final sale price. In other words... Make sure that what you are being told the trucks sale price is matches the contract. A common tactic companies use is they will tell the driver the truck is being sold to them for $ 50,000 but as you read the contract, your actually paying $65,000 with hidden costs!

 

NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO What else can I say, NOOO they will scam you raw, come on and wake up.

 

I work out of their Chicago terminal. I HATE IT HERE! I'm getting ready to make a post detailing some things.

 

I hope all is better for you know driver, I see many comments like yours about losing everything but why do so many drivers lose the spouse too. I doubt drivers suddenly start beating their wives so my guess is the women leave because they are looking for more money from their men. Is this true ?

 

I didn't see quite so much sarcasm but a definite desire to not have you buy into the lie. Hauling general freight is no fun and filled with delays and expenses, this is trucking and you know this already. I feel the fellow was giving you the sad truth about leasing, they want your money and time until you fail, the faster the better. They then turn around with the same truck and find someone else to bleed white. We don't need to fight amongst ourselves as we have our hands full with Company owners building a multi-million dollar American dream off our blood.