TACOMA, Wash. — Interstate Distributors has announced it is offer a new compensation plan that will give owner-operators a choice and influence over their earnings.
The carrier’s “Your Pay” mileage program allows the owner-operator to negotiate loaded and empty miles.
“Interstate will negotiate the rate per mile based upon the operator’s safety, service and operating records,´ Cathy Canonica, vice president of contracted carrier development, said. “Each year at contract renewal, Interstate will revisit the contractor’s pay based upon the same criteria and renegotiate based upon the results from the previous year.”
Canonica said at the renegotiation time, drivers could choose if they want to run on the mileage program, convert to the percentage program or get their own authority and run under the Power Only program.
“Either way, the driver is in control and have a partner to help them grow their business,” Canonica said.
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The Power Only program benefits independent carriers by hauling consistent customer freight sold by Interstate’s national sales team to Fortune 500 customers while sharing a percentage of gross revenue and 100 percent of the customer paid fuel surcharge.
The Power Only program provides two rate packages:
• Power: 80 percent of the gross revenue plus 100 percent of the customer paid fuel surcharge as well as an average $1.05 RPM guarantee on all miles.
• Quick Pay: 77 percent of the gross revenue plus 100 percent of the customer paid fuel surcharge paid in 72 hours as well as an average $1.02 RPM guarantee on all miles.
Canonica said Interstate had started a new owner-operator program in August that was ideal for the company driver or single truck owner that wanted to build their own business.
“Our company worked hard to design a program that allows a small business owner to successfully grow,” Canonica said.
Under the program, called Percentage Pay, an owner-operator is able to prequalify for up to 68 percent of the load revenue and receive 100 percent of the fuel surcharge.
Interstate also provides a fuel purchase card through its contracted carrier program that allows independent carriers and owner-operators to lower their fuel costs when running with Interstate.
The card provides carriers a10 cent per gallon discount from the posted price when fueling in network.
Carriers also have access to purchase fuel at the posted price at all Interstate yards.
The fuel purchase card is an added reward of partnering with Interstate, which does not charge any transaction fees for making purchases within this program, Canonica said.
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