Load Percentage

Let's say - you own truck Bozwik trucking.

You lease on to Mikes Transport, and run under his DOT authority.

Mike books a load for $1,000 through a broker.

Your agreement with Mike is "85% of the load"

Mike gives you $8,500.

 

They might be - can you offer an example of what you're looking at?

Something like "No money down - lease purchase - we pay 85% of the load?"

Others offer mileage - "No money down - lease purchase - we pay O/O $1.30/ mile plus FSC"

 

Most of these offers that I've looked at offer figures that can only be substantiated by open book perusals of operators actually doing it.

In most cases, I've found that you make more money for your time and risk - as a company driver at a higher paying carrier.

If they're wanting to pay on a 1099 basis, but controlling both how and where you run their equipment that they're financing to you, well the 'deal' loses even more luster. Hope this helps.

 

Say what!!!!
The batteries die in your calculator... if not, then I need this mike dudes phone number

 

Percentage of gross revenue. My drivers are paid %. It’s the only way to pay drivers that’s fair to both parties, but it can be manipulated to your disadvantage if you’re dealing with a bottom feeder. The industry is full of those. Doesn’t matter if you’re a company driver, lease-op or independent, you’re being mercilessly screwed on percentage pay in a lot of cases. Think about this, I’m the white Volvo guy from Chicago with lease-ops and drivers, or XYZ you’re going to get rich freight brokerage. I book a $5000 load through a number company, take $2500 off it and pass it to my operating company. Then it goes on one of my trucks and I pay the driver 30% of $2500 to haul it, or better yet, post it on the big money load board and get someone to tow it up the road for 85% of $2500, and pay all the bills out of that. There’s a lot of money to be made in this business for next to no investment or risk if you’re a little light on morals and conscience.

 

Ya looks like he put an extra 0 in there. Lol. I was going to say the same thing I need mikes transport phone number.

 

Blair is an idiot.

Oops.

In my case scenario - NOBODY gets Mike’s number