Steve [Not A Lawyer]
Bradenton,#2Consumer Suggestion
Sun, January 14, 2007
The problems here are as obvious as the misconceptions. First of all, to TRULY be an "owner operator" you need to have your own authority. Then you are responsible for your own success or failure and answer to no one. You WERE NOT an owner operator at JB HUNT. You were LEGALLY a LEASE DRIVER. Nothing more. The second problem is signing any "lease" for a % of the line haul. Common sense would tell you this. You cannot run your equipment for .90cpm. The average cost just to run your equipment down the road empty is at least $1.25 per mile. Think about this. Fuel alone at $2.75/Gal at 4mpg overall avg including idling, costs you approx .69cpm. Thats just fuel! So how can you haul .90cpm frieght? You CAN'T! For you, the driver to make even .30cpm you can NEVER haul a load for less than $1.55 per mile. Even then it is tight. You really need at least $1.75 per mile frieght to still make the same or less as a company driver. This takes into consideration your out of route, deadhead and unpaid miles. NEVER sign a contract for a % of the line haul unless a minimum rate to the truck is guaranteed. Big fleets can do this, barely, but not 1 person with 1 truck. You have to get your rate on every load, or you will lose money. If you want to call yourself an OWNER OPERATOR, go get your own operating authority, your own insurance, equipment, etc. and pay all of your own compliance items and fuel and maintenence, repairs, etc. And book and bill all of your own loads, wait 30-90 days for your money, etc. NOW you are an owner operator.