Hi all. I have my own authority and I've been running for about 6 months. I own my truck outright and have one rental trailer.
I'm doing okay in this awful market and actually have established some decent connections.
I feel that I'm ready to take the next step and add another owner op to my company.
What are my next steps? Does he need to be enrolled in my drug consortium? ELD?
What would my leasing contract with him look like? Any major things that I need to add to the contract to protect myself?
I do have an LLC and I'm current with the state.
Thanks guys. I really believe I can keep another driver busy with what I have but I'm very nervous about the next steps.
Leasing on an owner operator to my authority
Discussion in 'Ask An Owner Operator' started by South of heaven, Aug 21, 2023.
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Are you doing dispatch? From friends I have known throughout the years driving oneself and also having other drivers is hard with retention and can be draining over the long haul-ie imagine having your dispatch call you with a load while the driver you have breaks down ect.
That being said- you need to have your back end squared away. Making sure you have the paperwork for the people you sign on. Lookup Trucking made successful on youtube-she has great videos on this
https://www.youtube.com/@TruckingMadeSuccessful
That being said-dont take cheap freight-if everyone in the market is taking the scraps from the brokers right now-then we will continue to get lower rates per mile.
Depending on your costs per mile (CPM) and commitments/leases-it might make sense to drive at a company right now to save your truck-but if your doing good cpm go for it.South of heaven Thanks this. -
@wichris and @Ridgeline can provide more info.Siinman and South of heaven Thank this. -
Your lease agreement is yours, not a copy of someone else's. Must included everything in 376.12Dino soar, Siinman, South of heaven and 1 other person Thank this. -
I'm not gonna force anything. -
I know Great West insurance will not let you have anyone but yourself until after 1 year.
South of heaven and Siinman Thank this. -
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i would wait till you get a year, insurance is a big hurdle. On top of that if you just hiring on anty driver off the streets they can be terrible, get tickets, late pick ups deliveries etc. Suggest you vet anyone into deep research on them before jjust hire them on. One little mess up from said driver can raise your insurance enough to shut you down
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.