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Fleet Offers Big Sign-on Bonus for Owner-Operators

Omega Integrated Logistics Group, Mount Holly, N.C., announced what it says is the largest sign-on bonus in the trucking industry. We learn more about the fine print.

Deborah Lockridge
Deborah LockridgeEditor and Associate Publisher
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May 7, 2014
Fleet Offers Big Sign-on Bonus for Owner-Operators

 

2 min to read


Omega Integrated Logistics Group, Mount Holly, N.C., announced what it says is the largest sign-on bonus in the trucking industry --  $25,000 per owner-operator truck joining Omega before June 1.

Omega founder Edwin G. Johnson II is a second-generation trucking company owner. He sold his first trucking company, Elite Transport Inc., in 2008 for $8.2 million after building the company from two to 89 power units.

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“Omega wants owner-operators now and we’re willing to pay for them,” said Johnson. “This isn’t a gimmick where we pay you over a long period of time. We’re paying $1,000 with the first settlement check, $5,500 after 30 days, $8,500 after 60 days and another $10,000 after 90 days.”

"The largest we have seen before this is a $15,000 team bonus that Schneider paid out over the first year, it was only up a short time," says Gordon Klemp, who tracks driver wage packages as the principal of the National Transportation Institute.

Klemp checked on some of the fine print of the program.

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"It's paid out as detailed, but earned over 18 month of continuous operation as an owner-operator for Omega," Klemp explains. "Leave before 18 months and the owner-operator pays back a prorated amount. Leave after one year and pay back $8,333."

Omega says owner-operators in the Reefer Division receive $1.00 per mile plus fuel surcharge, or 87% of line haul rate. Owner-operators in the Dry Van Division receive 80% of gross line haul rate if dispatched by Omega, or 87% of gross line haul rate for driver scheduled loads.

The news about the bonus program came through Trucking Now LLC a technology company supporting the trucking industry in the areas of referral, recruiting and retention.

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