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About Jim Bowers
Expertise
Expertise in U.S. Trucking Industry, Solution Development, Pricing issues, Bid process, Negotiations, Costing and Pricing information systems.
Experience
30 years.
LTL, TL, and Dedicated Pricing programs, Activity Based Costing, Cost modeling.
Council of Supply Chain Management Professionals
Organizations
Council of Supply Chain Management Professionals, Roundtable Officer.
Education/Credentials
BA Marketing.
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You are here: Experts > Autos > Trucks > Trucking > leasing to contracts
Trucking - leasing to contracts
Expert: Jim Bowers - 10/29/2009
Question
Jim
I have owned my truck for a little better than 2 years now. Ever since it was purchased it has been leased out, running on others authority and tags. I am sick of all the games that lease companys do. Pretty much your no better than a glorified company driver, and they will dictate what you will make. My goal is to be independant. The problem that I keep running into is that with out my authority no one takes me seriously, or says when you get it come see us and we might have work. Unfortunally I dont like to base decisions on a maybe. Furthermore in order to become organized that means some financial help. With out a contract in hand banks are not interested. A letter of intent just doesnt cut it anymore. My questions to you is how do you get contracts, or even put your name in, without your authority. In other words getting a company to take you seriously. It seems as though a person has to be estsablished to get a contract, and at the same time has to have a contract to be established. Any advise or information that you could provide in this matter will be greatly appriciated. Thank you
Answer
TJ, there is no shortcut. You either run under another carriers authority or get your own. If you try to run independent without authority you are breaking the law which is why shippers won't entertain that suggestion. With your own authority you are truly independent and can make all of your own decisions. The good news is that almost anyone can get their authority and it isn't that hard. It's part of the cost of doing business if that is what you choose.
Here is a link to a guide tyat will help you decide.
http://www.ooida.com/Benefits&Services/Services/Business&Info_Services/ownauthor...
Hope this helps.
Good luck. Jim
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