Owner operators must have trucks that are 2020 or newer to qualify. Compensation is based on a percentage of the load, with a rate of 75% for those who only have a truck or tractor. If an operator provides a trailer, the percentage increases to 82%, as the company covers the insurance costs for reefer trailers. Additionally, drivers benefit from a fuel discount of $0.20 per gallon, which is reimbursed in their settlements. The average pay per load is approximately $2,200, with mileage rates ranging from $2.75 to $3.50 per mile, and each load typically covers 800 to 1,000 miles.
An optional maintenance account is available for owner operators, allowing them to set aside funds for repairs. The company will handle repair costs, which will be deducted from this account. Should repair expenses exceed the account balance, a payment plan can be established. It is important to note that the company is not obligated to provide financial credit for repairs, and any costs covered by the company will be charged back within the pay period. Documentation from the maintenance provider is required, regardless of where the repairs are conducted.
Requirements
There is a weekly administration fee of $175, which is reduced to $125 for operators with their own plates. This fee covers registration, permits, and administrative support. Alternatively, operators can opt for a lower administrative support and ELD fee of $65. Occupational insurance is mandatory, with an optional plan available at $37.50 per week. A cargo liability deposit of $2,500 is also required, payable at $100 per week over 25 weeks. Additionally, a driver legal plan is available for $2.98 per week, which is highly recommended.
Benefits
Optional: Operational Escrow (Highly Recommended) - "Savings Account" to provide driver
with consistent paycheck during vacations or other situations. Weekly contribution amount is
up to driver.
Required Documents before hire- EIN, 2290, Recent Inspection Form, Title or Lease
Agreement, Registration, Bill of Sale, Physical Damage Insurance copy, Drug Consortium
(When Applicable).
Orientation Options- Drivers can drive their truck to our yard for orientation, have the
inspection done in Wolcott yard and we install all necessary equipment. We will reimburse fuel
costs to drive to Wolcott
Pet & Passenger Policy