Monday, February 17, 2014

From one of our Road Drivers....


'TIS THE SEASON

For drivers to start looking for a better contract(?).I've but one thing to say”CAVEAT EMPTOR”or let the buyer beware...Believe me,I seen some pretty bizarre promises come out of companies and agents who are looking for Butts in the seats....Only later the driver finds out it was all bullshit,just words,to get us to change,to something that was worse than the contract we had.....Things to look out for include,Primary Liability charge backs,that is insurance for the carriers assets,has nothing to do with us,but most hide it in the contract as a charge back as a percentage of your line haul...The last one of those I was involved with was 6% or $18,000 a year,for a policy that I could buy for $1800 a year,a HUGE slush fund,that ended up as the main point in an $800 million class action lawsuit....I just heard of one,the agent had told the driver,IF,he lasted 4 years,he would own the trailer with no money crossing hands...I know drivers from that company(notice here,I'm not naming names)who have not lasted 6 months with that agent...There's way more here,way too many stories,to go into here,bottom line is,if you are shopping,pay attention to the details of the contract,make sure all those promises are spelled out IN DETAIL,or bail and do not change carriers...Funny thing is......I seen guys with so many paint jobs on their truck,they were overweight BOBTAIL.....Bottom line is....Restarting your career,takes too long,work out issues where you are...THEN,if it does not work...Find something else...                                                                                                          Caveat emptor /ˌkæviːɑːt ˈɛmptɔr/ is Latin for "Let the buyer beware"[1] (from caveat, "may he beware", the subjunctive of cavere, "to beware" + emptor, "buyer").Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods.

The phrase caveat emptor arises from the fact that buyers often have less information about the good or service they are purchasing, while the seller has more information. Defects in the good or service may be hidden from the buyer, and only known to the seller. Thus, the buyer should beware. This is called information asymmetry.

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