Schneider initiates new lease option for owner-operators

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Schneider National announced that the company is offering a new percent of revenue lease option to owner-operators. The option pays 65 percent of the line-haul revenue and 100 percent fuel surcharge with no trailer rental fees. Schneider pays select tolls and offers delay compensation.

The program is available to owner-operators in all states east of the Mississippi River, as well as those in Louisiana, Arkansas, Missouri, Iowa, Minnesota, Texas, Oklahoma and Kansas. Owner-operators must have at least one year of experience to participate.

“This new percent-of-revenue-based lease option affords owner-operators the freedom to make trade-off decisions on load assignments and revenue options,” says Mike Bethea, director of operations for truckload contractors for Green Bay, Wis.-based Schneider. “This option is in addition to our longstanding mileage-based option, which pays 90 cents per mile on all company-dispatched miles, plus accessorial pay.”

Owner-operators can view all of Schneider’s freight opportunities in their market online, regionally and nationally, before selecting a load.