As an owner-operator, are you getting the most out of your hard work? In this episode, Andrew tackles the critical question of percentage-based pay versus pay-per-mile. He breaks down the pros and cons of each, analyzing how market fluctuations and carrier transparency can significantly impact your earnings.

 

Using real-world examples from his experience with lease operators, Andrew highlights the importance of timing and predictability when making this crucial decision. Whether you're a seasoned owner-operator or just starting out, this episode provides valuable insights to help you navigate the trucking landscape and maximize your earning potential.

 

Takeaways

 

• Both pay per mile and percentage contracts can work depending on market conditions.

• Drivers often underestimate the financial challenges faced by trucking companies.

• The trucking industry typically operates on a 7-year cycle of good and bad years.

• Market conditions can significantly impact the viability of pay structures.

• Understanding the difference between contract and spot market freight is crucial.

• Drivers should seek transparency in financial data from carriers.

• A steady pay per mile can provide security during market downturns.

• Timing is critical when choosing between pay structures.

• Drivers should run their own numbers to make informed decisions.

If you're ready to work for a carrier that has a great lease program visit us at  Chief Carriers.

This podcast is produced by Two Brothers Creative 2024.