Yes. My current company, has made switch to % in 2003, so i'm comparing "apples to apples"(i was there since 1997).
Considering all miles, my earnings jumped up about 20% per mile revenue.
But could be a different story, depends where you run, company rates, amount of DH... :wink:

 

well i will have to look into the % instead of the cpm rate and see how it goes

 

As Solo mentioned, you have a right to see the bills, if you are running on percentage. If the company won't show them to you, then they are probably not being honest with you. Sometimes you need to have some trust. If you don't, then you need to look for another company.

 

if you compare a co that pays only mileage to a company that pays %
no brainer go with the %
but............
It will burn your behind when you get a % of accessorials such as unloading and waiting time when you could be getting them paid in full with a cpm co.
eg Jevic pays only 91 loaded or mt cpm plus surcharge but 25 for first p/u 35 for 2nd and 45 for third and so on
eg Triple crown pays 91 -1oo per mile plus 30 for every p/u and 30 for every delivery
plus 20 after first hour, 30 for 2nd 40 for 3rd hr waiting
time
those are good cpm jobs

 

I leased to 2 percentage carriers. The last one paid 75% of the line haul plus stops generally paid $60 after the first drop. The last year I was leased to them I made for ALL miles $1.66 and $1.81 (If I remember correctly) That was 2 different trucks. That included deadhead. You will have a difficult time convincing me that anyone can make as much pulling for mileage as they can percentage. I have seen both sides of the books. Even when I drove for someone else, I always made more than if I were paid mileage. You aren't paid for deadhead, but if the rate is good enough and you keep your deadhead down, you should still make more on percentage. Just look at the numbers and talk to owner operators who are currently leased to them.

 

Some percentage carriers pass the entire accessorials collected on to the owner operator, others may keep their regular cut.

 

This debate over % versus cpm is all well and good. But, it misses the real question. What are the top companies to lease on with. I recently read an otr magazine.. Wonderful truckstop restroom read...They listed the top three companies for o/o as Greatwide, Fedex CC, and Landstar. So, they are base there finding on profit for o/o with these companies using an accounting firms numbers for there customers. So, here is the question-What is the best company to lease your truck on with?...DISCUSS.

 

What's best for one person, could be not suitable for another, so, i guess, it's personal matter, as long, as you could make a living, out of it.
Example;
The friend of mine, making about double, of what I'm making(I'm talking net).
But somehow, i don't feel comfortable of doing it... :roll:

 

Out of the three carriers you mentioned, I would go with Landstar. I assume, since you mentioned the carriers you did, that you plan on pulling a van. You will need to be proactive and seek out your own loads to be successful with someone such as Landstar. I believe the other two pay mileage. Where you run can make a difference in who you want to lease. I have spoken to some owner operators who say that they do well with FedEx. Before making a decision, you need to sit down and decide what type of carrier you want to associate. With a percentage carrier, every load pays a different rate. On mileage you will be paid the same rate no matter where you run or what you haul. Most companies have dispatchers. Landstar is among the few who do not. If you prefer running your own way and doing things on your own, someone such as Landstar might be the best way to go. If you prefer relying on someone else to find your loads and take care of things, then a mileage carrier might be better.