Owner operators with Crete Carrier Corporation get the freedom of owning their own business with the backing of one of the nation’s largest privately owned trucking companies. We provide the information you need to make an informed decision. Below is a breakdown of how we handle owner operator expenses.
We require four types of insurance to lease your truck with us.
- Blanket Physical Damage — Offered based on the value of your tractor
- Bobtail Coverage — Offered at $30–$36 per month
- Cargo Coverage — $15 per month
- Workers Compensation Coverage — For most states, available at a cost of $180 per month
Plates and Permits
We fund your plates and permits upon starting with us. This cost will be deducted from your weekly settlements in installments until the plates and permits have been paid in full. Upon completing the calendar year, you will become eligible for a relicensing credit that will be used to pay for your plates and permits in the upcoming calendar year. The relicensing credit is dependent upon productivity and maintaining a current active lease with us.
A performance escrow of $750 will be deducted at a rate of $50 per week for 15 consecutive weeks.
Monthly Fuel Tax Charges
The paperwork required to keep track of your fuel taxes is our job! We do the calculations each month and charge it to your settlement at the end of each month.
Mobile Communication Device Fees
Onboard communications systems make it easier to get load information and are required. Mobile communication units will be installed at no charge. Owner operators using the sliding scale pay system will be charged $40 per month for mobile communication equipment rental and insurance. Those using the flat rate pay system will not be charged a monthly fee.