An 80/20 Split

I am currently a company driver for this carrier. I know the miles are there because I've driven them. I have the owner's phone number on speed dial and he knows all ~100 of his drivers by name. He and everyone in the office are super focused on keeping turnover among drivers down. I've never experienced a carrier like this one. It's...weird! And nice at the same time.

Yes, a handful and they're household names—names you would recognize. But I can also go find my own loads if I want. Some of their leased drivers only pull loads they find themselves out of preference and the office is fine with that. Others do a mix, while others just take what is given to them.

All drivers and employees are on a bi-weekly pay schedule, but completed loads are included on the next paycheck. I don't have to wait for the customers to pay nor do I pay any fees for factoring, etc. I don't mind a bi-weekly paycheck. I'd take a monthly paycheck if I could because it simplifies my budgeting process. (I do zero-based budgeting which means that every time I get paid, I have to sit down and decide what to do with each and every dollar until I have zero dollars left to allocate. So the more frequent that process is, the more time I have to spend on my finances.)

Thanks for this. PTO and blower? Not sure what that is.

Looking at the responses so far, it's nice to know that the number being offered to me isn't absurd.

 

I see now what you're getting at. Well, let's just go forth from here with the assumption that since I'm allowed to pick my own freight with this carrier, I'll use my years of experience in the industry to make smart decisions about what freight I should haul and shouldn't. That way, we can just keep the conversation to the original question of "what should 20% of revenue buy a leased-on driver," and avoid the quicksand that is the "cheap freight" debate.

 

It's 20% of whatever net amount the load makes. So, yes, including fuel surcharge if the brokers listed that separately (they usually don't I'm told), detention, stops, etc. I pay tolls. I am pulling their trailers at no cost. I do get to take advantage of their fuel discounts, and if I want to take advantage, then yes, I have to fuel at their negotiated brands. They do not, however, tell me which specific places to fuel along a route; I get to decide that for myself. And I'll be looking at the pre-IFTA price as their 20% doesn't cover my IFTA liability. That is to say, I pay IFTA.