To lease on to MAG Carriers, LLC you will need to submit a completed application along with all required documents. The complete list of documents needed will be outlined on the application but will include a copy of your drivers license, social security card, medical card, and a current copy of your MVR. Please be sure to follow the instructions and submit all documents listed on the application to expedite the process.
We lease owner operators who have their own truck, at least 2 years OTR experience (no breaks for those two years) with or without a trailer, and wish to run totally independent, even though they are running under our authority.
Yes, you will receive a EFS fuel card, you can get up to 300 gallons a day once you are under a load. Whatever you spend in fuel will be deducted from the gross of the load once you are paid for it.
Once you have completed your load, you upload the required trip paperwork via the Mcleod App, and, whatever required trip paperwork we receive by 8AM on Tuesday, you will be paid for on Friday. Payday is every Friday.
Computing and filing your fuel taxes, maintaining your drug program, maintaining all of your logs and required DOT files. Our Load Attendants will take care of the faxing and paperwork for all of the loads that you book. We also handle all of the billing and collecting from your brokers and shippers. All this, in addition to paying you each Friday for all loads turned in by 8A.M. each Tuesday and providing the Authority, is what we do for our 10% fee.
Associated with operating your equipment. For example, it is necessary that you have your own base plates. You will also assume all responsibility for maintenance and repairs for your equipment. We believe it is essential that you set finances aside for those unexpected repairs and maintenance costs.
Bobtail and Physical Damage Insurance
You have the option to obtain this through MAG Carriers, LLC and it will be deducted from your settlements, or you may provide your own bobtail and physical damage insurance. Bobtail insurance is $25/month. Physical damage estimates are .0028 of the gross value of your equipment plus tax. Please fill out the form in the application packet if you are interested in MAG Carriers, LLC acquiring this coverage for you.
Initial lease expenses and other expenses for the operation of your equipment. Below is a list of included expenses:
Initial Expenses (approximately $250 start up cost plus $2,350 escrow)
IFTA sticker, NY, NM and KY permits
Pre-employment drug test
DSI drug program
MAG decals and DOT #s
Inquiry reports (Criminal history, cred and DAC)
Fuel taxes-cost varies
IFTA sticker, NY, NM and KY permits
DSI Drug program
The initial lease finances will be deducted from your settlements during the first 3 months with MAG Carriers, LLC. Here is an overview of how this is handled: during your first 1st week leased with us, we will deduct $200 to $250 per week to cover the stickers, testing, decals, lettering, membership and permits. Then, weeks 2nd through 13 (13 weeks total), we will deduct $200 per week to build your $2350 escrow account and truck/trailer cost.
We do not transport the following:
Money (both coins and paper money)
Anything with monetary value; i.e. lottery tickets, stamps, etc.
Livestock or poultry
Any living thing
Furs or fur-trimmed garments
Precious stones and precious metals**
No, it is IMPERATIVE that you do NOT disconnect from your trailer at any time while loaded.
No, we do not allow our owner operators to receive advances from the brokers; only WE are authorized to provide advances to you. If an advance is requested and/or received from a broker, MAG Carriers will charge you 10% for the advance received.
Whether or not you decide to turn your paperwork in weekly or bi-weekly, the cargo and liability insurance is charged weekly. Cargo and liability insurance is $138.45 per week, so if you turn your paperwork in to our office every 2 weeks, there will be 2 weeks of insurance deducted from your settlement, which is $276.90.
Occupational Accident Insurance is now required on all Owner Operators. This is to protect you in case of an on the job accident or injury. This insurance is $30.50 a week. This is also like your cargo and liability insurance. If you only turn in your paperwork every 2 weeks, there will be 2 weeks of this insurance deducted from your settlement. You may choose to purchase this through us or you may purchase your own policy.
Yes, A referral bonus of $500 will be paid to any driver who refers an Owner Operator or Company Driver to MAG that leases on and completes 3 months.
MAG Carriers, LLC takes customer service very seriously. For this reason, any disrespect, rude behavior or foul language towards brokers, shippers, receivers and our office staff could be grounds for immediate termination.
Dropping a load or refusing to pick up a load after it has been confirmed is not excusable. Under extreme circumstances, such as an accident or mechanical breakdown, contact your broker first, then MAG Carriers, LLC to notify us and arrange alternate plans for the load to be transported.
Falsifying your logs can result in immediate termination! To maintain accurate logs, you MUST report any and all stops lasting more than 8 minutes, including fuel stops. When comparing your logs to our reports, the log time must be within 30 minutes and the logged miles must be within 50 miles to be considered accurate.
Your paperwork MUST arrive at our office by 8am each Tuesday in order for you to be paid Friday, 3 days later. If your paperwork arrives here later than 8am Tuesday, you will be paid for those loads on the following Friday, 10 days later. The only exception to this rule is if we are able to track your package and confirm that it should have arrived to our office on time.
Plan out your route before your trip begins; consider when and where you will stop for breaks and to purchase fuel. Also, calculate the estimated fuel cost, toll roads, pallet exchange, special permits, escort fees and lumper fees. Many of these are definitely negotiable! The ability to negotiate is essential in order to ensure you are profitable.
A laptop and Internet service is not required, but you will find it to be extremely useful when searching for loads. If you are not familiar with load boards and how they work, it may be a good idea to check them out. Many load boards are free of charge, while others require membership fees, but none of them will prove to be handy if you aren’t constantly watching them!
Finding your own freight is a large responsibility; please think this over seriously. We encourage our owner operators to contact us with any questions or when they find themselves in areas of the trucking business where they may be unsure. We will assist you in any way possible to ensure your profitability.