Picking your own load and compensation isn't usually part of the job description for an owner-operator. But Schneider National has introduced a percent-of-revenue lease program that is making owner-operators more successful
in today's highly competitive environment.
Paired with Schneider's long-standing mileage-based program, the new lease program provides owner-operators the ability to choose the compensation option that best fits their needs. Owner-operators looking to control their own destiny - unlike forced-dispatch programs that may not maximize their time or earning potential - have begun looking to Schneider to get the most out of their time on the road, their time at home and the loads they deliver.
The percent-of-revenue lease option pays 65 percent of the line-haul revenue and 100 percent fuel surcharge with no trailer rental fees. Owner-operators can view all of Schneider's freight opportunities in their market, regionally and nationally, before selecting a load online. This driver-friendly tool provides owner-operators with the ability to view all loads for that day and look ahead to select their next load.
Mike Bethea, director of operations of truckload contractors for Schneider National, said, "Whether our owner-operators feel the mileage-based program or the new percent-of-revenue option is best for them, they have the freedom to manage their own business and increase their revenue. Our owner-operators who select their own loads average $1.30 to $1.35 per mile and $165,000 per year."
The percent-of-revenue program allows owner-operators to choose their freight, miles, locations, route and the amount of revenue they bring in. The program has directly resulted in an increase in the number of owner-operators signing with Schneider National in the last six months. According to Bethea, the company has seen a 22 percent increase in owner-operators joining Schneider since the program launched. This increase has prompted an expansion of the program to Schneider's Indianapolis operating center as a base for managing owner-operators. This is in addition to its Charlotte, N.C., operating center.
The Schneider National percent-of-revenue-based lease option is available to owner-operators in all states east of the Mississippi River as well as Louisiana, Arkansas, Missouri, Iowa, Minnesota, Texas, Oklahoma and Kansas. Schneider owner-operators and those looking to join Schneider, must have at least one year of experience as an owner-operator to participate in the new program. The new lease option is available for all safe, compliant, service-oriented and profit-driven professionals with reliable equipment.
Owner-operators interested in the percent-of-revenue program can view an online demonstration at www.schneiderjobs.com to learn about how to book their own loads using FreightPlace and generate a list of loads based on their own criteria. Owner-operators can also call (800) 447-7433 for more information on the percent-of-revenue or mileage-based programs Schneider National offers.