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Trucking Company Owner Operator Lease Survey in Final Stage

Jan
26,
2011
1
Overall support system, in assuring your success as an owner operator

Overall support system assuring your success as an owner operator

In order to create current and updated data concerning company truck lease options, we began our owner operator lease purchase program survey on November 9th, 2009.  Before the recent recession, studies showed that these programs resulted in an 87% failure rate for truck drivers, a statistic that I first began to publicize nearly five years ago.

As truckers were hit hard by the recession, the job-hopping that was so common in trucking before, eased up due to the economic turmoil and we saw this rate fall to 57% as reported in our survey update in April, 2010.

As of April 3rd, 2010 we had received 1,711 responses to the survey, resulting in the fifty seven percent stat.  As of this writing, the survey has pulled in 3,486 responses and I will be bringing this survey to a close on February 3rd, 2011.  It will take me a few months to sort through all the data and post the final results.

Trucking secrets are no longer insider information, thanks to the power of trucking social media.  Although there are company lease drivers who have done well with these lease programs, the majority of these trucking company lease purchase programs are designed for the driver to fail.  The 87% failure rate study was reported several years ago by an independent accountant but I wanted to bring this issue to an updated level, thus the reason for our survey.

If you have been involved with a trucking company lease purchase plan or know someone who has and have not taken the survey, you can do so by February 3rd, 2011.  Whether the result was positive or negative, we would like to get as many responses as possible before the survey closes.

With nearly 3,500 responses to date, I feel that this is a decent number to provide a more updated statistic on what is widely known among veteran truck drivers as being one of the biggest scams in trucking.

We will let you know the final results of our trucking company owner operator lease purchase program survey once all data has been reviewed.

UPDATE: July 15th, 2011

Results of the survey have been completed and are available online at :

Trucking Company Lease Purchase Programs for Owner Operators

© 2011 – 2014, Allen Smith. All rights reserved.

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By: Allen Smith

Allen Smith is a 37 year veteran who started at an early age in a household goods family moving business. He began driving straight trucks in 1977 and moved to the big rigs in 1982. His experience within the industry includes; owner operator, company driver, operations manager, and owner of a long distance HHG moving business, taking many of the long haul moves himself when needed. Allen Smith, a truck driver advocate who is driven by the desire to help others succeed within an industry where injustice, unrewarded sacrifice, and lack of respect and recognition exists. Allen and his wife Donna are hosts of Truth About Trucking ”Live” on Blog Talk Radio. Other websites include AskTheTrucker, TruckingSocialMedia, NorthAmericanTruckingALerts, TruthAboutTrucking, and many Social Media websites. In 2011 Allen and Donna hosted the first Truck Driver Social Media Convention, designed to create unity and solutions for the trucking industry. This is now being extended through the North American Trucking Alerts network as those within the industry join forces for the betterment of the industry. Allen strongly supports other industry advocates who are also stepping up to the plate to help those who share honesty, guidance and direction. He believes that all those involved in trucking need to be accountable for their part within the industry, including drivers, carriers, brokers, shippers, receivers, etc… The list of supporters and likeminded people grow daily, networking together and sharing thoughts and ideas for the betterment of trucking. He has coined the popular phrase "Raising the standards of the trucking industry"

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