CPM or % of load

[dsingleton]

I am looking at starting expediting in a Sprinter and can not figure out which way is best: CPM or % of load. I am thinking of signing on with LRT and getting .95 CPM on all loaded miles, but I am wondering if it is better to get say 65% of the load? Any suggestions would be helpful. Thanks

 

[Bruno]

I am looking at starting expediting in a Sprinter and can not figure out which way is best: CPM or % of load. I am thinking of signing on with LRT and getting .95 CPM on all loaded miles, but I am wondering if it is better to get say 65% of the load? Any suggestions would be helpful. Thanks

Yes, call Brian at Load1. Load1 has the best rates for Sprinters in the business.

 

[pjjjjj]

I don't know who LRT is but unless the carrier is going to issue a copy of the paperwork commitment for each load to you along with your settlement statement, you aren't going to know whether you're really getting any given percentage. (I know of at least one carrier that does this, but they are in Canada).

It's also more complicated than that, because you have to factor in the FSC and other extras, like paid DH, etc.

The one paying $0.95/LM might include everything in that, and yet expect you to run hundreds of miles in DH, empty and unpaid. And what if you deadhead somewhere to find a dry run? etc. etc. etc.

The one paying 65% might be 65% on the load, plus 100% of the FSC, so the average could work out a bit higher than 65% on the total. They may pay after a given number of DH miles. They may pay for a dry run. They may pay tolls. etc. etc. etc.

You need to talk to a few, then take some time to sit down with the numbers and figure it all out together as a package and talk to some drivers as well.

 

[x06col]

OMG PJ, yer mind is considering ALL the reasons not to be happy, and none of the reasons to be happy. They will never know till they know how the percent compares to the cents......no sense complicating the simple.

 

[davekc]

OMG PJ, yer mind is considering ALL the reasons not to be happy, and none of the reasons to be happy. They will never know till they know how the percent compares to the cents......no sense complicating the simple.

That would be my take. When dealing with percentages, some get into the mindset of, "if it is enough it must be good".
That is part of the picture, but not ALL of it.
Many years ago we kicked a large carrier to the curb when we found out they were skimming off the top of what the contract percentage was.
They fessed up, but only after they were caught.
Always get a customer bill if on percentage or if there is a question. If it is not provided, there is a likely reason.
"Trust but verify".

 

[Turtle]

"Trust but verify".

Politically Correct for: "Don't Trust".

 

[davekc]

Politically Correct for: "Don't Trust".

Well......actually yes.

 

[Bruno]

That would be my take. When dealing with percentages, some get into the mindset of, "if it is enough it must be good".
That is part of the picture, but not ALL of it.
Many years ago we kicked a large carrier to the curb when we found out they were skimming off the top of what the contract percentage was.
They fessed up, but only after they were caught.
Always get a customer bill if on percentage or if there is a question. If it is not provided, there is a likely reason.
"Trust but verify".

I bet it was the best move you ever made too.

 

[davekc]

No regrets whatsoever. If they lie in one place, it is a good chance they are lying in others. A individual dispatcher may lie or distort the truth, but skimming off the percentage is sanctioned by the carrier.

 

[nightcreacher]

I changed carriers this year.They both in their own way pay percentage,but the 1st carrier had many discounts,therefore your cpm was always changing.The company I'm with now ,pays me cpm,and it is a constant pay.All the extra charges except fsc are paid at 65% and fsc is 100 %..In either event,it's the bottom line, what the load ends up paying whether we do it or not.If it makes money we run it, if not, we wait for the next load.Myself, I look at the bottom line of what the load is paying, for all the miles I'll have invested.In the business world ,it takes money to make money,and in trucking,that investment can be your dead head.
Looking back,In 1987,I once dead headed 3100 miles to pick up a load.That load paid $17000 and total miles were 5500,was it worth it?you tell me