Tagged: Employee Owned
- February 12, 2017 at 9:39 pm #337
I found out about a company near where I live and talked to some drivers. It is an employee owned company and they are company drivers. They seem happy with their company and do not have the liabilities of an O/O. They also are not lease drivers however the company itself leases the trucks. Should I worry about small employee owned companies? Thanks.February 12, 2017 at 10:06 pm #338
It’s quite common for trucking companies to lease their trucks and have them driven by company drivers. It’s a way for a company to get some stability and predictability with reliable trucks under a factory warranty. My first company leased all of their trucks and kept them until they had 500,000 miles. Then they would turn them back in to the factory/leasing company. This meant almost all maintenance was covered by warranty. Employee-owned companies can mean stable management and happy employees. They can also mean rather than contributing to your 401(k) retirement plan they give you a check or company stock, for about what they would have contributed, and call it “your piece of he company”. Employee-Owned doesn’t tell me enough to reach a conclusion. I would think it’s good, not bad. Can you talk to any drivers working there? That’s your best source of information about a company.February 12, 2017 at 10:17 pm #339
Hey thanks Scott. I appreciate your quick response. Yes, I talked to two company drivers with this company and they both seem happy. I got a good feeling when talking to them that it would be a good opportunity for me. I’ll keep doing my research. Have a good one.February 12, 2017 at 10:53 pm #340
The company may be a good place to work. You probably need to know where they run mostly or what type of freight/trailers they have, or what type of health insurance they offer and how much it costs. Companies are not so much good or bad, but do they fit or not fit with your expectation/preferences. Have the drivers describe last week or tell you where they went most weeks. When do they get home and have to go out again? Things like that.
I’m glad I can help d2020
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