% pay or mileage pay, which is better?

Free coffee ain't never free.

 

It depends on the situation.

 

Percentage pay where I don't pay for ####. Anytime I havr to pay for something, I get paid back for it as soon as I get to the yard. Percentage pay i make more for what I do. Mileage pay I make more overall but also work harder.

 

If you're thinking about working with brokers, you need to forget mileage or percentage entirely. Broker loads are spot market deals that are negotiated on an individual basis. You have to know what you need for that load and try to negotiate to get a profit off of it.

 

Have to agree with @Petty Cash .

I have a per mile rate, including dead head, that is a bare minimum I need to move any load. That rate goes up depending on circumstances, such as where it's located (Chicago, for example), tarped, oversize, etc.

 

Percentage pay is the only way to go. Mileage pay will ripp you off especially on shorter runs.

 

As above. It depends on several factors. Percentage of what? Are you getting proof that you are receiving the agreed on percentage of the load without various items being "skimmed" off the top. That is the biggest drawback to that method of payment.
Mileage eliminates that risk, but lock you into a given predicable rate even if your company is getting more than average rates, like is the case right now.
Bottom line is: Whom do you trust? If you trust the company, and it hauls freight at a variety of rates, some high some low, consider %, In a non forced dispatch environment. Consistent freight lanes and rates consider mileage, if you don't want to shoulder the risk.

There are dozens of ways to write a contract to pay an owner operator. Mileage vs Percentage is one small part of the total equation.

 

Hourly pay is the best for company driver. Percentage tends to be the best for an O/O