Running under someone's authority

I see most companies keeping 20-25% of the revenue for you to run under their authority. I have seen a couple only keep 10% but not often. its whatever you two negotiate and agree too

 

Probably important to note that your pal has expenses to let you run under his authority. He has t pay insurance, taxes, do fuel tax reports and keep your logs updated and on file. It ain't cheap. Probably fair to keep 15-20% to pay his cost.

 

You can make your own deal of what you both consider fair. I have known some who pay the carrier from 10-35%. One important factor is whether you will find your own loads or rely on your friend. Another is whether you will pay your portion of his commercial insurance or have it included in the portion that you pay him. If he is just helping you out, you might consider paying your portion of his insurance and add 10%. If you are a hard runner, you might even agree to pay him from 10-20% and he pays the insurance. If you plan on running your authority later, you could go ahead and get your own IFTA account and learn how to do your fuel taxes. That will take a burden off of him and you will have the responsibility of filing and paying the fuel taxes.

 

I know the company I run as company driver for now charges 10% of gross. Insurance is extra, as is ifta. Logs are kept and filed on them, so as far as i know its a pretty fair deal.

Has heard of some companies advertise 8% but when you read the fine print (3% factoring, 5% maintenance, etc) it all adds up to 20-30%. So read the contract carefully

 

In the range that everyone else is talking about - I would say 20% if it is your trailer and 25% if it is his trailer. Good luck and I hope it works out for you guys!

 

I charged other owner ops who ran under my authority 15% of gross + whatever the insurance company charged to insure the truck. I would call the insurance company on speakerphone so they would know how much it would cost to insure their truck. That way they knew how much it would cost them every month whether that truck moved or not. They were happy.

 

Close friend gives 8% to run under someone's authority. He pays all bills but doesn't keep any paperwork.

 

If I was to run under someone's authority I would run my own plates, ifta and Ins., at least bobtail. If something happens and I decide to move on in a moments notice, that can be hard to do when the plates aren't yours, or the ins. and ifta stickers. The more that is mine, the less I have to worry about. I think 10% is good to just use their authority, anything else will add to the percentage. I have a friend that charges 10%, she finds you loads.