O/O Owned Broker Co-Op

The brokers would be paid by the hour. Extra incentive compensation would be earned if they kept the O/O member rates up. If the truckers earnings stay high then the employee brokers earnings would be rewarded. Any cheap rates would be forwarded to a load board for nonmembers to take. Profit from the load board would be distributed back to the Co-Op member O/O's. Yes, would work like a Landstar platform. But the owners are the O/O's members. All good paying loads are spread among the members. The not so good loads, nobody wants,go to outside loadboard and Co-Op members take the percentage from those loads. Yes, the brokers have to be paid. But Co-Op members would control the purse strings.
From reading alot of posts. Just seems like good way to compete with the big carriers. Cut out signing on with big carriers, who leave o/o's with just a piece of the pie.

 

Your right they could do that. But thats why their pay would be compensated for keeping owner operators at good earning rates. It's something to think about. And would really be interesting to put into business form. But if you read the posts in general. For an O/O, a new idea for increasing revenue seems to be needed. Especially with high fuel prices. And all other expenses. The big carriers that hire O/O's they get the big cut off your loads. Loadboards get a big cut. Look at the big picture. Everybody gets a piece of the pie, but the O/O gets the last piece. To me a Co-Op style business plan has overhead like any business. But at least it works directly for the members. And any profits are distributed to the members. Interesting, something to think about. From reading posts. O/O's are very creative and have alot of business sense. I was just curious to see what kind of response I would get.

 

It definitly is just an idea. Something to think about. I've just never heard of it being done. Thought I would bring it up. See what reaction I would recieve. Thanks

 

Pay by the hour, but their incentive would be at the end of each quarter. If the rates the O/O recieved were within target. They would recieve extra compensation(bonus). If the broker produces, they get rewarded. To me I wouldn't want the broker to take a share off the top then say well I'll take a little more. My friend O/O is used to 2.25/ mile. This load pays more than usual, I'll just give him 2.25 a mile again.He won't notice. The broker if they perform would get a bonus every quarter if they perform well,bust it and make money for the driver. To me I want to know the original price negotiated. Not a broker who tells me what he'll give me after taken an extra 10% off the top because it pays better. If I'm an O/O I want that extra 10%. The Co-Op broker would be working for the good of the drivers and himself(bonus) without the games. Negotiating with a broker would be a thing of the past. All in Theory, something to think about...lol