86/14, and every deduction in writing
The three questions every operator asks a recruiter — answered here, in numbers you can check against your settlement.
“How much do I actually keep?”
86%of the gross — linehaul plus fuel surcharge — on every load. Detention, layover, TONU and lumpers come to you at 100%. Nothing is layered on top of the 14%.
“What comes out of my check?”
$650a week, three lines, published to the dollar: insurance $350, trailer $200 if you rent ours, admin $100. Escrow $250 for the first ten weeks only, and you get it back.
“When do I see the money?”
Fridayevery week by direct deposit, contingent on nothing — we carry the broker risk. Need it sooner? Same-day quick pay on POD for 5%, your call, load by load.
The split
86% of the gross to you, 14% to LoadMo. Gross is linehaul plus fuel surcharge, as shown on the rate confirmation you get before you accept.
Accessorials are not split. Detention, layover, TONU, stop-off and lumpers come to you at 100%.
The 14% covers dispatch, billing, collections, credit risk and compliance. Nothing is layered on top of it.
Settlements
| Pay day | Every Friday, direct deposit |
| Paperwork needed | Signed BOL / POD and the trip documents. Nothing beyond what is needed to bill the customer. |
| Contingent on the broker paying us? | No — never |
| Rate confirmation | Sent before every load |
| Quick pay | Same day on POD, 5% fee — your choice, load by load |
| Cash / fuel advances | Up to 40% of the load once it is booked, flat $15–$25 fee |
| Fuel card | Accepted at major truck stops nationwide, no markup on the card |
Deductions
| Item | Weeks 1–10 | Week 11 on |
|---|---|---|
| Cargo & liability insurance | $350 | $350 |
| Trailer rental (optional) | $200 | $200 |
| Admin fee | $100 | $100 |
| Escrow | $250 | $0 |
| Total per week | $900 | $650 |
Bring your own 53' dry van and those totals drop to $700 and $450.
The $350 in context: on your own authority, liability and cargo for one truck typically run $1,100–$1,600 a month — and you shop, underwrite and renew it yourself.
The rate you see is the rate
you are paid on.
The rate confirmation reaches your phone before you accept. Your 86% is computed from that number, not from a number you find out about later.
Escrow, in full
All the terms, on one screen.
| Amount withheld | $250 per week for the first 10 weeks, then it stops |
| Maximum ever held | $2,500 |
| What it may be used for | Chargebacks and claims on your own account — cargo claim deductibles, damage to the rented trailer, unreturned equipment, tolls or citations billed to us for your truck. Nothing else, and never our operating costs. |
| Accounting | Shown on your settlements; a written accounting any time you ask for one |
| Return after you leave | Balance returned within 45 days of termination with a final accounting |
Same terms in the lease, per 49 CFR 376.12(k). Ask and we send it before you apply.
What the statement actually looks like
Every Friday: each trip, its miles and rate, your 86% on each, then every deduction by name.
An example, not anyone’s actual settlement. The format and deduction lines are exactly what you receive; the loads are an illustration of a typical four-load week.
| Route | Loaded miMi | Rate | $/mi | Your 86%86% |
|---|---|---|---|---|
| Columbus, OH→Atlanta, GA | 567 | $1,720 | $3.03 | $1,479.20 |
| Atlanta, GA→Dallas, TX | 786 | $2,360 | $3.00 | $2,029.60 |
| Dallas, TX→Chicago, IL | 967 | $2,900 | $3.00 | $2,494.00 |
| Chicago, IL→Columbus, OH | 355 | $1,045 | $2.94 | $898.70 |
| 4 trips · 138 mi deadhead | 2,675 | $8,025 | $3.00 | $6,901.50 |
Deductions
week 6 of 10How to read it
$8,025 gross × 0.86 = $6,901.50. Check it on a phone calculator; that is the point.
Fixed deductions: $900 in the first ten weeks, $650 after. Fuel appears only if you use our card.
Own trailer: $4,489.50 this week. After week ten: $4,739.50.
Truck payment, maintenance, tires and taxes come out of the deposit.
What you still pay for
Some costs stay yours. Better now than in week two.
| Cost | Whose | Typical |
|---|---|---|
| Fuel | Yours | Roughly $1,600–$2,000 a week at 3,000 miles and 6.5 mpg |
| Tractor payment, maintenance, tires | Yours | Your numbers |
| Physical damage on your tractor | Yours | Your policy. Your lienholder will require it anyway. |
| Non-trucking / bobtail liability | Optional | Not required by LoadMo. Worth carrying — our liability covers you under dispatch, not on personal use. |
| Occupational accident coverage | Optional | Not required by LoadMo. You are a contractor, so there is no workers' comp behind you — most operators carry it. |
| Trailer maintenance (our trailer) | Ours | Included in the $200 |
| ELD and PrePass | Ours | No charge |
| Plates, IFTA, UCR, BOC-3, authority | Ours | No charge |
| Orientation and the drug test | Ours | No charge, no travel |
| Taxes | Yours | You are paid on a 1099 as a business |