algtransport
Seasoned Expediter
how can i calculate 60% driver 40% driver and pay 100% fsg. is there easy formula, my driver can understand. say the load pays $1,000. he/she took $400 advance. the FSC was
$120
$120
driver pay
- Thread starter algtransport
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algtransport
Seasoned Expediter
i mean i pay 60% for the driver and owner keeps 40% and the driver pays fuel and i pay the driver 100 fuel surcharge. i need a short formula that can be easly understood
round number examples are easy
60% of a 1000 is 600 dollars plus the 120 FSC = 720 owed minus the 400 advance...final settlement would be $320
60% of a 1000 is 600 dollars plus the 120 FSC = 720 owed minus the 400 advance...final settlement would be $320
Are loaded miles paid a set rate per mile like Panther/E1 etc. that pay the same (theoretically) for all loaded miles like $1.20/mi.? If so then it's easy to say pay is 72cpm (cents per mile) loaded ($1.20 * .6) plus fsc. The driver then knows they are getting 72 cents plus fsc and that I presume changes either week to week or job to job. If it's a company like Landstar that pays % per job and every job is different then they've either got to understand the basics of 60/40 or just accept on faith they're getting 60%.
jaminjim
Veteran Expediter
How about the same Formula you use to figure their pay?