Power Only Pros And Cons

Topic 34069 | Page 2

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PJ's Comment
member avatar

Andrey the process I explained is what you will be doing. Your just doing it for a fleet owner instead of yourself.

However you need to think about the compensation. The fleet owner will be getting 70% or so of the linehaul. That means you are making 30% of 70% of what that load actually pays.

The 70% may be more or less but in the ballpark. All depends what the parties agree on, but 70% is kinda of a standard.

Kearsey Prime probably doesn’t require them to carry the insurance amounts to pull those loads. A standard for cargo insurance is 100k. I carry 250k because of the oversize stuff I do, which costs more. Hazmat has gotten much tighter the past few years. Since those drivers have their own authority FMCSA may not certify them for haz and the min. liability policy is 5 million. That gets costly. Just not really worth the cost these days unless your pulling it daily, in my opinion.

HAZMAT:

Hazardous Materials

Explosive, flammable, poisonous or otherwise potentially dangerous cargo. Large amounts of especially hazardous cargo are required to be placarded under HAZMAT regulations

CSA:

Compliance, Safety, Accountability (CSA)

The CSA is a Federal Motor Carrier Safety Administration (FMCSA) initiative to improve large truck and bus safety and ultimately reduce crashes, injuries, and fatalities that are related to commercial motor vehicle

FMCSA:

Federal Motor Carrier Safety Administration

The FMCSA was established within the Department of Transportation on January 1, 2000. Their primary mission is to prevent commercial motor vehicle-related fatalities and injuries.

What Does The FMCSA Do?

  • Commercial Drivers' Licenses
  • Data and Analysis
  • Regulatory Compliance and Enforcement
  • Research and Technology
  • Safety Assistance
  • Support and Information Sharing

Linehaul:

Linehaul drivers will normally run loads from terminal to terminal for LTL (Less than Truckload) companies.

LTL (Less Than Truckload) carriers will have Linehaul drivers and P&D drivers. The P&D drivers will deliver loads locally from the terminal and pick up loads returning them to the terminal. Linehaul drivers will then run truckloads from terminal to terminal.

Fm:

Dispatcher, Fleet Manager, Driver Manager

The primary person a driver communicates with at his/her company. A dispatcher can play many roles, depending on the company's structure. Dispatchers may assign freight, file requests for home time, relay messages between the driver and management, inform customer service of any delays, change appointment times, and report information to the load planners.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
Truckin Along With Kearse's Comment
member avatar

I never thought about the limits on cargo. You are probably right. I know fleets with 12+ trucks can buy into a Prime Insurance for a much cheaper rate than they would get at Progressive. At least the quotes I have seen have been better. Also, when you have that many trucks, they are getting a higher % of the load.

I am driving for a mini fleet within Prime that is currently looking into making the switch. Many of my friends have taken their trucks that way.

Now that Prime is installing inward facing cameras, more are researching it.

What i don't like is that many of these "business owners" don't know anything about HR, labor laws, or benefits. That is why it is easier for a truck owner to just lease the truck out to a 1099 for power only.

They currently have company drivers on trucks inside of prime, with benefits from Prime. Taking those same company drivers to the power only will be interesting. The company drivers will expect and demand all benefits. To keep 10+ trucks filled, they need to learn those HR needs quickly. Having those trucks sit empty, and paying the costs to advertise them as 1099 could be much worse.

HOS:

Hours Of Service

HOS refers to the logbook hours of service regulations.
PJ's Comment
member avatar

I sure hope they get their stuff right. FMCSA is getting tougher on audits. They are handing out pretty good size fines for what we would call HR violations.

On the new entrant audits they even want the full personnel files now.

Also Nov 18 anyone not in full compliance in the clearinghouse will get their cdl suspended until they get in compliance.

For an owner, driving is the easiest part.

CDL:

Commercial Driver's License (CDL)

A CDL is required to drive any of the following vehicles:

  • Any combination of vehicles with a gross combined weight rating (GCWR) of 26,001 or more pounds, providing the gross vehicle weight rating (GVWR) of the vehicle being towed is in excess of 10,000 pounds.
  • Any single vehicle with a GVWR of 26,001 or more pounds, or any such vehicle towing another not in excess of 10,000 pounds.
  • Any vehicle, regardless of size, designed to transport 16 or more persons, including the driver.
  • Any vehicle required by federal regulations to be placarded while transporting hazardous materials.

CSA:

Compliance, Safety, Accountability (CSA)

The CSA is a Federal Motor Carrier Safety Administration (FMCSA) initiative to improve large truck and bus safety and ultimately reduce crashes, injuries, and fatalities that are related to commercial motor vehicle

FMCSA:

Federal Motor Carrier Safety Administration

The FMCSA was established within the Department of Transportation on January 1, 2000. Their primary mission is to prevent commercial motor vehicle-related fatalities and injuries.

What Does The FMCSA Do?

  • Commercial Drivers' Licenses
  • Data and Analysis
  • Regulatory Compliance and Enforcement
  • Research and Technology
  • Safety Assistance
  • Support and Information Sharing

Fm:

Dispatcher, Fleet Manager, Driver Manager

The primary person a driver communicates with at his/her company. A dispatcher can play many roles, depending on the company's structure. Dispatchers may assign freight, file requests for home time, relay messages between the driver and management, inform customer service of any delays, change appointment times, and report information to the load planners.
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