How much is 24% of the load?

Maverick &/or TMC would offer you different types of freight -- & thus more varied experience.

Did you apply with either/both of them?

 

Nobody can tell you what 24% of the load is until we know what a given load pays. What one company hauls for a $1,000 another might be happy to haul for $500. I never cared for percentage companies as an employee or, with rare exceptions, as a leased owner operator. 99% of the time with percentage pay you just have to trust the company isn't shorting you. 99% of the time they are because it's how they do it to turn a profit. If they do provide any documentation showing load pay it's doctored up to show you what you want to see. They're annoyed you rocked the boat asking for proof because most drivers just accept them on their word.

 

Back in the late 80’s / early 90’s driver % was 23% at H&W.

If the load pays $1500 to the truck then driver pay of 24% would be $360.
Truck @ $2000 would be $480 to the driver if I’m figuring correctly….

 

Yep that's how it's figured: 1500 × .24 = 360

 

Well..... 1000 x .24 = 240
1000 x .26 = 260
1000 x .28 = 280

You compare P I &I at 24 percent to other companies offering 26 to 28 percent....merely a difference of up to 40 bucks......what are we talking about? I didn't know that money up to 40 bucks is that big of a game changer.

You also said that pay goes up with longevity. So if you stay long enough, you'll get that extra 40 bucks.

 

40 a day, 5 days a week, 50 weeks a year, is 10k. I’d say could be a game changer but what do I know.

Ask to see an assortment of driver pay stubs with the info blocked out and that should give you a sampling of their typical wages. I don’t know their business model but one downside to percentage pay is you’re driving empty miles for free basically.

 

Percentage pay has so much room for dishonesty it's hard to compare % pay at one company versus another company. Even if everyone involved is 100% honest, % pay often but not always calculates % pay AFTER some expenses are deducted. Some dishonest companies show one rate to the customer to move a load of freight and a very different rate to the driver. It's much harder to compare % pay among companies than CPM, per load, or hourly pay. Percentage pay doesn't necessarily mean a company is shady or disrespecting drivers.

I cannot recommend this too strongly. Give your contact info to the company and tell them you need a newer driver and a veteran driver at the company to contact you. Then ask both drivers questions like how much did you make last week, before any deductions? How many hours did you work last week? How many loads did you move last week. How much does insurance and benefits cost you per paycheck? And any other questions you think are necessary to make a decision. DO NOT ask questions like "is this a good place to work?" D