Should You Allow Owner Operators To Run Under Your Authority | Pros & Cons
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- Опубликовано: 1 июн 2024
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My first video watching you because I was interested in learning more about OO. This video was amazing and to the point. You did not ramble and play annoying 5 minute intro music like some youtubers. I like direct and focused on what is communicated/teach. If I can rate you 0-100, I give this video 100. Keep up with the great work.
Can't they be annoying????!!!!. Grandstanding rambling and showing off. Talking about where they went last night and what they ate yesterday. Then when they r finished they did not address the topic at all. This guy is an educator...to the point clear and simple!!!!
Most of the cons is the same as expanding your fleet I have 3 ppl under my authority and its the same as owning three other trucks weather its insurance or more work for booking loads that 12 percentage I charge covers the dispatching for them if your fear is leasing your authority and having someone crash its the same as you owning three other trucks fear is a set back ppl take his info and do your research I see alot of ppl getting scared to grow in trucking you need to get more trucks get more trucks by leasing not buying let that monthly be someone else’s headache.
He’s never been a trucker I’m not shocked he lacks knowledge
Great explanation!
Do pays the insurance down payment me or the owner operator
@@virgilsmith8940 if your having OO lease on to you, they pay. They pay for everything and you collect 12%. If you buy trucks and hire drivers, you pay for everything and pay them a small % of load.
@@virgilsmith8940 the owner op pays for their truck they only leasing my authority from me so i dont have truck payments and the insurance down payment they cover it aswell its the same as if they wanted to do it on their own but saving the time to wait for the authority to have built time to be able to haul for major brokers most ppl have to work asap to keep up with them payments but I dont tie nobody down they can leave whenever they want.
The pros and cons are literally the exact same for both company drivers and lease operators. You owning the truck or not doesn’t change anything else. It’s all about your hiring/contracting practices. Also the policies you have in place. I contract to guys and gals that their equipment is top notch and have a certain type of personality. I take my time getting to know the person. Presentation, representation, and quality. It’s hard to find but that’s why you don’t rush in and just take your time.
It’s basically the same thing if a driver of yours has an accident your insurance and csa score will be affected just say you make more money with company drivers lol
I don't like leasing. Because they can fire you the same as if you're a company driver. But if you have your own authority and your own trailer and you just pull their freight as if they're a brokerage. You make more money and They cannot fire you.
Peace. I appreciate how you deliver these jewels! Thanks!!
Brotha, your given out gems in this game! I love it and sea scared that the same time
Good information brother I just started watching your videos and you have a lot of helpful information I'm a hotshot driver in Houston Texas and you can never get enough good information thank you
Excellent video, love your presentation, very informative
Thanks I’m learning a lot from you..I’m considering to be come owner operator next year..
Thanks, this was really good for me. I am thinking about doing this. Thanks again.
Thank you sir. This was really helpful. I’m saving this video
Bro you just explained me everything I needed. Much appreciated 🙏 thank you.
I truly enjoy the way you explain these things in this industry. That it is truly pluses and minuses and you really do a great job. In expressing what is truly a good thing and in some cases it can be a bad thing? I appreciate the way you explain it it’s true clarity for Trucking 101😄👍
debpritjay so well stated!
Great content!
Thank you. I have been looking for a video that explains about hiring another driver.
Great Video Thanks!
Trip leasing is proper name for that
Great video.
Basically...to add on more than 10 LEASE to your authority...make super sure YOU got BIG boy pockets...for insurance if nothing else...THANKS MR. McGILL
Like how much ?
@@jaspreetsingh8434 that depends on your goal$
Thank you ✊🏾
Thank you
Thank u sir!
Thanks
What are the pros and cons of contracting an O/O running under their own authority?
This is a good question guys like it so David can see it
you dispatch for them
Also good morning David
I've been asked to allow someone to drive my truck or an owner operator to drive under my authority. No, hell no. Go get your own authority. Liability too high and I'd lose everything I worked hard for.
I thought that was the whole purpose of getting your own authority. To start a business and build it up..!!?? Serious question
@@wpatterson876 you are correct. i dont think he understands the business very well
absolutely, I have been in trucking for over 15 years and have turned family down from running under my authority. They Run up your scores, you have no control over that truck loading. It's absolutely not worth it to me but hey to each its own.
Wouldn't it be the same pros and cons as buying trucks hiring drivers?
That's what I was thinking
If you own the truck, you can do more to keep inspections good.
Basically
that's what I was thinking. if anything it can be a pro as you won't be responsible for repairs.
@@maniac5672 but how do you find drivers with their own equipment?
Appreciate it
Nice video, am glad to see a young guy in trucking business, I though I was the only one. Question though, how do you manage gas money.
I use a fuel card from RTS. For me, that's the only way to roll. There's a link in my videos' description that give more information on the RTS fuel card as well as factoring.
Tks 👍🏻
Hi David! Thanking You for all videos they are very helpful... Could You please make a video on Amazon loads.. .. how to take a load, deal with common issues that may happen.. Thank's bro!
How many trucks do you have in your fleet?
Im really stuck on how much to pay an o/o and a profit/cost breakdown for that. I have a cost analysis per mile for company drivers but stuck on o/o
What operation method do run or prefer at this moment?
Informative content Sir! I am new to the industry and have a question; for people like myself who have new authority, can I run under another person's MC authority while I wait until my authority matures?
The video my brother
So is it possible for me to run a cargo van under my buddies authority and get loads off of dat boards or get work applying as a owner/operator to other jobs? Would I have to obtain a mc or dot number? He’s got his llc and all other requirements
How do you insure and register the truck and trailer of someone that is under your authority? My liability insurance said they don't do that. Tidbit
What should my percentage be as a owner operator working under someone else's mc#
Isn't advisable to just let the OO use your load boards and pick their own loads than you dispatching them?
Novastar Express Yes but still the driver is operating under his authority, unless they have their own, in which case they wouldnt need to lease on in the first place.
If you have your own authority n you let someone run under your authority can how much will your insurance go up do to you adding on another truck
..and also please shoot a video about accounting, working with rate confirmations when taking a load from loadboard Thank you
I know a few O/O how have separate insurance that the authority they are leased to. Idk if that legal but I do know a few of them
What about the flipside. You the driver running under someone Authority to start out. I'm looking at getting started by running under someone's authority. They appear to be pretty established.
How is this going for you?
@@triston9400 ehh...I put things on hold do to pending divorce.
I'm planning to do that with a friend of mine. My goal is to lease on to his authority and I have another friend, that I might invest in a truck that has his CDL andTWIC+HME that we will lease a truck out and get him on also. That's my goal at this time but it's all in planning.
One other things to look at , if you lease on to a new Authority, you are taking a risk also.
Failures in new authorities are quite high. I would lease onto an established authority that has been in the game for 1.5-2+ years. But getting experience in any amount , is always good.
I want to start cargo carrier company here in Louisville Kentucky, leasing trucks 26” to 29” trucks from Penske Can you help me?
When you lease on to someone authority how much more does the insurance go up.. for that 2nd truck any idea or a ballpark figure
It mostly depends on the driver that gets leased, insurance prices are getting ridiculous and are looking for any excuse to raise what they charge you. Try to find experienced drivers that have a clean record.
Hello, thanks for all you knowledge!
I am not an operator/driver, and I just started a carrier business similar to your situation. My question is what is required to add an additional driver(s) under my authority who will be driving my truck(s)?
I understand the insurance aspect of it, listing them as a driver but when it comes to the authority, do I need to notify DOT/MC right away or is it when I file the MCS-150 annually/biannually?
Also, do the new drivers need to be approved by the dot... or is the fact that they have a CDL, passed the physical and drug test sufficient and only requires the fleet owners approval? I hope this makes sense lol....
Also, where else does the new driver need to be listed?
Thank you in adavance
Questions easily answered by ooida.. if your not a member, become one. It's not much per year, under $50 and they will tell you exactly what you need to do. Good luck
It’s to risky starting out to allow
Others to lease on to your authority . I think I’m just gonna stay solo all I’m needing is my mc# insurance and the truck
First off I want to thank you for another amazing video! You mentioned that the company that will lease you on will charge between 10 to 35% based on what benefits they offer. What kind of benefits are you talking about?
They might find you loads, pay you directly, deal with whatever problems may arise, all you do is drive and let them handle the rest.
Can you lease an owner/operator with them using their own authority? If so, how? I understand that it would be double brokering to do so. Am I misunderstanding the term?
Can the owner of a rental truck be an employee of the renter, or is that a conflict of interest
I'm a newbie in the game with about 30 grand to start my business. I have no desire to drive a truck. I want to know should I sign my truck into a leasing program where they provide driver or should I jus start my own authority...I have heard that there is a 90 day period where most brokers won't give you loads. So does signing on to a leasing company be profitable especially since I will not be driving
If you need help with a dispatcher, I have been in the business for seven years and own my own freight brokerage in San Francisco. 844-444-7499 ask for Sam at ext 0
I have a question. I have brokers authority, do I need carriers authority (and all the paperwork that comes with it) as well to lease on drivers as well?
No you don’t need
How can I get in contact with you
What is the average one truck can make you monthly? (Daycab/Sleeper)
DaHumbleBreadMaker There are already multiple videos on this that he has made.
How can I get in touch with you?
Question: i have a partner that wants to buy a truck and let my company ( my wife and myself ) with a fleet of 1 truck/1reefer trailer operate truck for him. Trying to get an idea of how to split profit and how to set? Any starting tips?
It sounds like he is buying the truck and you are leasing it from him. Just give him a fixed payment per week.
Do you pay your employees benefits?
I've been approved to finance a truck. Which state you think is the best when it comes to getting a plate
Maine, you don't have to renew your plates for 10 years if it's registered in Maine
@@alara2424 woahhh dam fr!!?😳
@@yotiep.1072 yup, just do the long-term registration. Sometimes they can even last 12 years but 10 is usually the average.
@@alara2424 aww ok..so would my LLC have to be registered there too in order to get tags or no?
My dad and me just hired my uncle to run for us and man my dam insurance went up from $777 to $1,000 all because my uncle has a ticket from 2019 which won't be gone until 2022. I gave him a contract that states he's responsible for paying any and all fees that apply to him as an owner operator. .
So you added another truck to your authority and it went up 300 basically more is that what you saying.. I'm interested in getting my own authority and I'm thinking about letting my boy run under my authority.. I'm trying to get a ballpark figure on how the insurance works on adding to your authority
That's actually not that bad, imho.
Pros of using an insurance broker: best available insurance cost, quick quote and bind turn time, and flexible coverage options. Link in bio for my Arizona and Nevada truckers.
But whats the difference company driver your still liable for there accidents insurance still goes up as well as csa score. Still have to find loads/paper work/ still burning you fuel. Seems like same risk
Bigger piece of the pie
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I would rather run under my own authority because if you run under a company's authority. They can fire you've just like you're a company driver. But if you run under your own authority no one can fire you. Because it's kind of funny to me. It's kind of funny to me how a company can have thousands of accidents with all of its trucks and still be allowed to hull freight But you lease on to that company and they can fire you if you have three violations It's kind of funny how that works. And I think the owner operator should be allowed to clean up after his own mess. The same way the trucking company does.. Just pull out your check book or file your insurance and clean up your own mess. Because leasing onto a company is too risky. They can fire you at the drop of a hat
I sent you an email a few days ago to see if you could cover the topic of Owner Operators Vs Employees. If you hire your drivers as Owner Operators or Employee and why? If as an employee do you pay workers compensation?
Got your email. I'll be reaching out to you this week. The inbox is kinda crazy right now
David McGill awesome thank you
This guy I know I'm not going to say any names told me he was going to set me up for free all I had to do was buy the truck take out a 50k signature loan then he told me later two weeks through via email trucking program consulting agreement it would be $7500 first truck and $4500 to get leased on to hes company but I didn't understand was the truck wasn't going to be on the road till 60 days after I signed that contract so I would be paying truck note for two months for 40k truck and I just game him $7500 without seeing any money com back in my pocket or paying any expense so I didnt sign and he got very angry and left a voicemail. Do you think I did the right thing by not signing or wasn't that just how things go in the trucking industry ?
this is late but sounds like a scam
hope you didnt do it
@@luislooey9727 same thoughts here
Same cons if you have drivers in your own trucks
How do you find loads?
Loadboards amigo
@@nba3512 Yeah I think this was his first video I watched. I learned how, after watching more of his videos.
Do you need a dispatcher
@@benaijah how much do you charge
@@benaijah hi, I need a dispatcher. Can you help?
Do I have to pay insurance while running under someone carrier
What is the insurance for
Is it cargo insurance or what
I don’t understand exactly
I’m sorry. please give some answer for me as soon as possible
You have to have bobtail insurance for yourself when your truck is going to the shop and other trips that aren't directly under the loads you are running. The authority you are running under also has to insure you for cargo and liability for when you are running loads under them. I hire Owner Ops and its smooth as butter as long as they are decent to good drivers. Feel free to email me a Metaphorallc@gmail.com if you have any other questions.
@@tfoutris thanks for that info..I wanted to know that myself
Wait so all your trucks you own yourself?
👍🏽
I dont want NO O/O to much trouble just to be under your wing and yet there so demanding! Company all the way.
What method do you prefer if not O/O?
@@wpatterson876 company.
What if the owner operator got his own insurance.
Right that's what I wanna know..but I do know one of my people have their own insurance on their truck so 🤷🏿♂️..I'm just observing some truck talk and putting it in my memory box as I hear it lol
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David do you explain the meaning "Authority".
Bro the goat 🐐
@5:57 so what if they have their own insurance on their own trucks?can't they do it like that?
I HATE BEING A COMPANY DRIVER..AFTER PURCHASING MY FIRST TRUCK AND SEEING THE MONEY YOU CAN MAKE WHEN YOU HAVE YOUR OWN....WHEN YOU ARE A COMPANY DRIVER.ALL YOU ARE DOING IS MAKING SOMEONE ELSE RICH....
What’s the price difference? Just give me a ball park. 40 he week difference
Company drivers have almost no liability. As long as they work they are making money. If you own your own trucks then there will be some weeks that are negative and you will lost money due to repairs and down time. It's whether or not you want to ride that roller coaster.
Bro go to fiverr .com and buy you a dope intro for cheap. Add a lil spice to your content. Good info btw
Also, do some creative, eye catching thumbnails. It works.
@@firstname3292 Fuck the creativity and intro the information is what's important.
Please don't. I like how you just get to the info and don't waste time.
Yeah i prefer it without all that dumb shit
I wouldn't do it .. u are totally responsible for that owners actions
You can make 30000 a year off one driver just for finding these people a load
Tell me how
Yes I’m a dispatcher for Almighty logistics.
Literally nothing you said makes any sense from an economic standpoint period 1 truck or 100 trucks if an accident occurs you still responsibly if you require trackers and edl no difference this is mis information at its highest
There’s an economic difference in an accident occurring in a company truck where you make 100% of that truck’s earnings VS a leased on truck where you get 20-30%. Thanks for the feedback though.
Of course 100 %vs 20% is different you forget about the maintenance the owner operater occurs doesn't come out the MC holder pockets nor do the compensation for drivers hotels gas etc. If accident occurs in a company car insurance goes plus you stuck with maintaining the equipment plus loss of time etc..
I don’t really wanna go into every variable bc there are tons. If you don’t think there are pros and cons, we can disagree.
There are Pros n cons to any industry