86/14, and every deduction in writing
This page exists so you can do the arithmetic before you call us, instead of discovering it at orientation. If a number here turns out to be wrong on your settlement, you have it in writing.
The split
You keep 86% of the gross on every load. LoadMo keeps 14%. Gross means the linehaul and the fuel surcharge together, as shown on the rate confirmation you receive before you accept the load.
Accessorials do not get split at all. Detention, layover, TONU, stop-off pay and lumper reimbursement pass to you at 100%. If it was billed because of your time or your money, it is yours.
Our 14% covers dispatch, invoicing, collections and the credit risk on the load, compliance administration, and the insurance filings that keep the authority in good standing. It does not move with the market and there is no second percentage 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 discount | Roughly 10–25¢ per gallon, varies by network and location |
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.
What the $350 insurance line is really worth. On your own authority, primary liability and cargo for a single truck typically run $1,100–$1,600 a month, before you count the deposit and the annual renewal fight. At $350 a week you are paying about $1,517 a month for coverage you do not have to shop, underwrite or renew — and the authority, IFTA, UCR and filings come with it.
Escrow, in full
Escrow is the deduction operators get burned on, so here are 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 |
These terms sit in the lease agreement as well as on this page, as 49 CFR 376.12(k) requires. Ask for the lease before you apply and we will send it.
What the statement actually looks like
Every Friday you get a statement in this format: every trip with its origin, destination, miles and gross rate, your 86% on each one, then every deduction by name. Nothing is summarised into a single number you cannot check.
This is an example, not a copy of anyone’s settlement. The format and the deduction lines are exactly what you will receive; the loads and figures are an illustration of a four-load week at typical dry van rates. Your own week will differ with the freight you accept.
| Origin | Destination | Loaded mi | Rate | $/mi | Your 86% |
|---|---|---|---|---|---|
| Columbus, OH | Atlanta, GA | 567 | $1,560 | $2.75 | $1,341.60 |
| Atlanta, GA | Dallas, TX | 786 | $2,120 | $2.70 | $1,823.20 |
| Dallas, TX | Chicago, IL | 967 | $2,700 | $2.79 | $2,322.00 |
| Chicago, IL | Columbus, OH | 355 | $920 | $2.59 | $791.20 |
| 4 trips · 138 mi deadhead | 2,675 | $7,300 | $2.73 | $6,278.00 | |
Deductions
week 6 of 10How to read it
The $7,300 gross is the sum of the rate confirmations you already saw before you accepted each load. Multiply by 0.86 and you get the $6,278 earning line — you can check it on a phone calculator, which is the point.
The four fixed deductions come to $900 in the first ten weeks and $650 after the escrow stops. Fuel appears only if you fuel on our card; buy your own and that line is not there.
Run your own trailer and this week deposits $3,866 instead. After week ten, $4,116.
Truck payment, maintenance, tires and your taxes come out of the deposit — they are your business, not deductions we take.
What you still pay for
You are running a business, so some costs stay yours. Better you see them 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 and tires (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 |