Lot of cutting there, but if you know the laws, any company that is paying on % must show you the actual billing papers, you can wait months or longer if you want and if you think they are not paying you the true %, you can have them audited for the whole time you are with them. And as far as % goes, I have not seen very many companies that offer to pay you 90% and they pay insurance, plates, tolls, scales, pre pass, etc. And many of the larger companies get you .30-.50 off of your fuel per gallon.
Being scamed as a owner operator
Discussion in 'Ask An Owner Operator' started by RUSSELBURG, Jan 3, 2016.
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I didn't know I am being scammed Maybe you should not make such a broad statement, all leases are not the same.
I get 77% plus 100% of billed fuel surcharge, they pay liability, cargo and my tag, keep me 100% in compliance. Most of the freight I haul I see the bids and the freight bill's.I know what the customer is paying. Even though I am "being scammed" I some how manage to make a good living on less than 60000 miles a year.
With fuel surcharge they are keeping less than 23%, 7% of that goes to the salesman of the account so less than 16% goes to the company.
Most brokers are taking 10 to 20 percent and more and you have no way of knowing what they take.spyder7723, Long FLD and powerhousescott Thank this. -
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powerhousescott Thanks this.
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He was already corrected by other posters and acknowledged his mistake in post #29 of this thread.glitterglue and KAK Thank this. -
KAK Thanks this.
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Being leased onto a company you have to be careful. That's why I'll only be a company driver unless I have my own authority. At 10% you will pay everything and that 10% to the company isn't good. I mean mathematically it's not good cause a company has to provide a lot of guys with cash advances, and so many things. But at 10% to provide you with whatever and make a profit I will have to cut your rates.
Now a company with direct shippers, a lot of discounts I'll have to take 25-30% to be "honest", and for everyone to be profitable.
Anyone taking a 10% deal is running a cut from broker, cut from company rate and percentage. That applies to 96% running for 10%. -
So you have your own authority how do you know how much the broker cut is
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