Listen "Which is Best?: Percentage vs. Pay-Per-Mile"
Episode Synopsis
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.
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