Ive always been told I should never be afraid to ask questions if I wanted answers, and judging by the variety of questions Ive been getting from OOIDA members these past few weeks, they feel the same way. Heres just a sample of what professional truckers want to know:
Question: I was leased to a carrier who charged me for base plates and deducted the fee from my settlement check when I first signed on. I have since terminated my lease with this carrier and turned in the plates. I thought Id get a refund, but have seen nothing yet. Do I get any money back or not? I need some advice because I need the money more than the company does.Mick
Answer:
Mick, your contract with the carrier should specify who is
responsible for base plates and any unused portions, so check
your lease for this wording.
According to federal leasing regulations, if you paid for
base plates issued in the name of the authorized carrier,
and the carrier receives a refund/credit or sells them to
another lessor, they must refund a prorated share of the amount
received to the original lessor (thats you).
This isnt to say they wont just throw the plates
in a drawer and forget about them. If they do this, you likely
wont receive a refund any time soon. You can keep tabs
on whether or not the carrier has sold the base plates to
another lessor by calling the state where they were issued
and checking out the vehicle identification number on the
truck that matches the plates.
Question: I was recently under lease with a carrier that required an escrow fund. I terminated my lease and was wondering if they are required to pay any interest on this account? Any information on this would be appreciated.C.S.
Answer: The federal leasing regulations have quite a bit to say about escrow funds, including the payment of interest while the fund is under the control of the carrier. Specifically, the regulations require that interest must be paid on at least a quarterly basis. The interest rate is based on the average yield or equivalent coupon issued yield on 91-day, 13-week Treasury bills as established in the weekly auction by the Department of Treasury. The carrier may deduct a sum equal to your average advance during the interest period in order to calculate the balance on which interest must be paid.
Question: I was recently leased to a carrier who began deducting dispatch charges from my weekly settlement checks. I always make it a point to read any contract wording prior to signing, and this lease was no exception. These so-called dispatch charges were not specified in the lease agreement, so I questioned the company and was informed it was a common practice. Is the company within its rights to make these dispatch charges? Shouldnt this have been spelled out in my lease to begin with?Jackson
Answer: Although the company can set its own policies regarding dispatch charges, you still have the right to reject this practice by looking elsewhere for a better contract. However, in your case, the company apparently stepped on your right to reject the dispatch fees because they failed to mention them in your contract. This is definitely a violation of the federal leasing regulations, and if pointing this out to the carrier doesnt help, you have other options. Private right of action provisions allow you to bring a civil action in order to enforce the federal leasing regulations. You should be able to recoup legal expenses as a part of the action as well. In addition, if this carriers violation of the federal leasing regulations extends to a large number of lessors, a class action lawsuit may be a possibility. OOIDAs Business Services department is available to assist you with this type of complaint if warranted.
Question: Ive got a buddy who told me I cant get into trouble for falsifying my logbook if I dont sign it. Is this true?B.E.
Answer: The Federal Motor Carrier Safety Regulations state the driver and/or the carrier can be prosecuted for making false reports in a logbook. Regulations also require the driver to keep the logbook current to the time of the last change-of-duty status. As far as enforcement action is concerned, it doesnt matter whether the record is signed or not if youre caught falsifying your logs, you can be cited and fined.
Question: How do I figure my cost per mile?C.J.K.
Answer: First youll need to calculate all the expenses associated with operating your truck, both fixed and variable. An example of a fixed expense might be your truck payment, while a variable cost would be fuel or repairs. Next, divide this total by the number of miles you drive, and youll have your cost per mile. Please remember, in order to get a clear picture of your overall CPM, youll need to have more than a months records. Knowing your CPM can help you determine whether or not a load will make you money or end up costing you money, so its important to do the math.
If you have questions that youd like answered, please e-mail them to dryun@ooida.com. Although we wont be able to publish all questions in Land Line, you will receive a response.