A common question asked by owner operators considering a career with Landstar is “what are Landstar’s weekly and monthly settlement deductions?”
$ 106.11 - Plates and Permits/ weekly, 18 weeks only, starts week 5
32.00 - Occupational Accidental Insurance / weekly, amounts may vary
18.99 - Bobtail / Unladed Insurance / weekly, amounts may vary
28.00 - Electronic Logging Device Airtime / monthly
3.69 - Landstar Communications Network / weekly
25.00 - Fuel taxes / monthly (estimated)
Being an owner operator involves several other costs, which are not deducted from Landstar’s weekly and monthly settlements.
Other costs to include in your budget:
- 2290 Highway Use Tax
- Oil Changes
- Physical Damage Insurance
- Cell Phone / Internet Service and Equipment
- Tractor / Trailer Loan Payments
- Tractor Maintenance Fund
Success as an owner operator involves accurate, realistic budgeting and business alliances you can count on. The turnover rate at large truckload carriers is currently 91% (Source: ATA Chief Economist Bob Costello) and Landstar’s turnover rate is less than 25%. This statistic alone speaks to the unsurpassed owner-operator experience and revenue opportunity Landstar has to offer.
Landstar drivers are the CEOs of their businesses, making all the decisions regarding their operation. They schedule when, where and how they run.