moose
Veteran Expediter
Here are a few things you can do to help them out, and help yourself along the way.Well I have been done wrong by several drivers and just let them go on, I wish drivers could control their use of money. I pay a decent split system and usually have to help them out at first, but after they get going it appears some think i'm a loan company that has to say yes. My split requires the drivers to pay fuel and it appears some get paid in morning and noon they are broke. After this continues I just replace them. Most cases my drivers are paid within 72 hours of dropped load.
* never give advance money before the escrow account is fully funded.
* never give cash advances in excess of money owed to you by the carrier for runs already completed.
* provide your contract drivers with an up to date cost of fuel,
routinely communicate cost of fuel with them,
and monitor the truck costs.
* pass on 100% of all FSC as it is being paid by the carrier.
* monitor the carrier FSC, and make sure the drivers get paid what they owed from the carrier.
* if needed communicated those costs with the carrier.
* have an intervention plan, to cut YOUR share and help your drivers stay in business thru hard times.
the problem with ever rising fuel costs, is that the FSC is trailing a few weeks behind,
as owners we can help our business partners stay in business, and out performed marginal O/O.
we can cash it back as fuel prices go back down.