Load Percentage

kranky1 · May 22, 2022

Allow Me. said: ↑

I'll let you in on a little secret. The amount the carrier agrees to haul the load for can be very much manipulated. Most common phrases are "gross' and "net". As an example, the carrier agrees to haul load for $8500. So, the shipper will pay the carrier $8500 at delivery. I'm talking about a direct carrier, no brokers involved. Out of the $8500 it's the carriers responsibility to pay his fuel, driver pay, etc. So, a carrier can say to the driver thet he had certain expenses and his portion (%) 85% will be AFTER the co's expenses. Here's where the manipulation comes in. The truck co can neglect to tell the driver that they are claiming expenses above the direct expense to haul the load, which should be just fuel. They can post any figure and the driver will never know. They can say we pay 85% of "net" so, the driver has to trust the truck co is honest. Net is after expenses. The honest way would be paying % of gross, that's before expenses.
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The real thievery starts before those calculations, even when we’re talking about one carrier. If they’re negotiating % compensation of some sort to move an $8500 load, it was $12,500 before it jogged off $4000 between companies that all live in the same filing cabinet as the one with the MC#.

ProfessionalNoticer · May 22, 2022

Bozwik said: ↑

I don't remember hearing about this when I drove years ago. What is load percentage? I have an idea, that you're paid a percentage of the load but from what? The trucking company charges a certified amount to make delivery, do you get 85% of what they're paid, maybe plus miles?
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Unless you have access to the rate con or contract you'll never know.

Banker · May 22, 2022

062 said: ↑

Say what!!!!
The batteries die in your calculator... if not, then I need this mike dudes phone number
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When you are making Blair’s kind of money $1,000 is pocket change. You would think he could give some of us Mikes number!

Short Fuse EOD · May 22, 2022

kranky1 said: ↑

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.
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How is a independent screwed? I make 100% of what I demand. I own the company..

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