Hornady revises independent contractor compensation program

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Hornady Transportation has announced a new independent contractor compensation program. The previous program paid 70 percent of gross revenue and 100 percent of fuel surcharges. Independent contractors now have the opportunity to be paid an additional 4 percent on their weekly adjusted revenues produced after Jan. 1, excluding all fuel surcharges and accessorial charges.

The incentive program does not affect the 70 percent compensation documented in the original contract, Hornady says. Any week an independent contractor produces revenues of $2,400 or more, excluding fuel surcharges and accessorial charges, they will receive 74 percent of the revenues produced that week; this 4 percent incentive will be paid weekly and appear as a separate line item on the settlement statement when a driver’s weekly adjusted revenue is $2,400 or more. Independent contractors now will have the ability to earn another $5,000 or more each year, according to the company.

Hornady, based in Monroeville, Ala., is a flatbed carrier serving the eastern United States.