Profile For RollingLT

RollingLT's Info

  • Location:
    GA

  • Driving Status:
    Experienced Driver

  • Social Link:

  • Joined Us:
    2 years, 8 months ago

RollingLT's Bio

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Posted:  8 months, 4 weeks ago

View Topic:

Best way to do a 50/50 Split?

What percentage amount do you pay your drivers?

My opinion is run from a 50/50 split. Why should you be paying part of the owner’s bills?? That is exactly what you would be doing. They should just pay you as a driver either fixed per mile or percentage. I pay mine percentage. The loads pay well enough the driver makes money. I have a great deal where the pay is up and the miles are low, in comparrison to alot of rates I see out there. Every situation is different so you have to look at any offer in its totality.

Posted:  8 months, 4 weeks ago

View Topic:

Best way to do a 50/50 Split?

Ok here is what’s going on and answers to the questions.

My experience: 5 yrs total. 4 yrs OTR (reefer) & Regional 1 yr (dry van).

Have I done a 50/50 split before: yes. Once before. Only lasted about a month since their transmission went out (it was an older truck) and they went back to using their 2nd truck. During that time, we only split the fuel and loads. I self dispatched and he did a few. (Owner was on vacation so he didn’t bother me too much or seemed like he cared much about it as he was getting paid regardless.) I would bring about $4000 take home from this little “venture” until it went belly up.

The owner bought a truck with no idea: Yep. They are in another career field and apparently have $ to spend. The truck has been sitting for 6 months and the owner is just paying insurance because of no drivers.

About me: was working as a company OTR driver previously but started being told to do some illegal crap so I gave notice and said I was going elsewhere to run legal or atleast not feel like I would end up in jail each day. Parted on good terms (rehirable) and went home.

Did my research on how to pick loads, what my truck costs should be based on affordability, shaved every bill I had (no debt), set up my LLC, business account, EIN, DUN number, established good personal credit (no business credit) as of yet. Filed & received DOT & MC (not active on MC as no insurance on file). Basically saved $$$ and legally set up everything then went to buy a truck and the pandemic hit so no outrageously priced trucks were available. Decided to sit down somewhere and wait it out.

Then started getting calls to drive from others since I normally stay out 3 months at a time OTR and folks knew I was “truckless” and a money maker.

Hope that answers some questions. I’m all ears on what your opinions are.

Posted:  9 months ago

View Topic:

Best way to do a 50/50 Split?

Hi all.

I was offered a driving position with a 50/50 split.

My questions are:

What should I pay & what does the owner of the truck pay? (Fuel, insurance, etc).

Should the split be before or after expenses?

Owner said I can self dispatch. (They don’t know how to really negotiate.) Should this be included in the 50/50 or a separate fee?

Lastly, w2 or 1099 pros/cons.

Info... The owner is not sure on any of this and basically bought a truck and previously had someone else running it for him. That person was skimming off the top so the guy got rid of him. The owner has their authority for awhile now and their truck is paid off.

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