Convoy’s Power Only Program Enables Carriers To Earn Up To $19,000 More Annually with Less Hassle
Carriers • Published on November 19, 2020
Introduced in 2017, Convoy’s power only program was first to provide access to highly desirable preloaded shipments to every owner-operator and small fleet. Time is the most valuable resource carriers have, with every minute spent waiting for trailers to be loaded or unloaded negatively affecting earning potential. By eliminating trailer loading and unloading wait times, Convoy power only loads require an average of 6 hours less to complete than traditional live loads to and from the same facilities. Carriers who are hauling power only loads in Convoy’s network are doing so 30% of the time, and generating up to $19,000 more revenue per truck per year through increasing the number of loads they are able to haul. Additionally, by hauling trailers they don’t need to pay to maintain, carriers can reduce their trailer overhead expenses by more than $1,000 per year.
With carriers’ taking home an average of $45,000 per year after expenses , hauling loads that maximize productivity is critical to increasing their earnings. Our digital freight network connects carriers with thousands of Convoy trailers so they can haul more loads to earn more with lower overhead costs. With no trailer rental fees or additional insurance required to haul Convoy power only loads, this nationwide program reinforces our commitment to helping carriers earn more with less hassle each and every day.
According to Eliza Cruz, a Sacramento, California-based carrier, “We save a lot of hours getting loaded or unloaded at facilities with power only shipments. There are benefits of not using your own equipment as well. When you own your own trailer, you have to pay up to $2,000 per year to maintain it. With power only, I don’t have to spend as much money or time having my own equipment serviced and replacing worn tires.”
Baldeep Singh, a Turlock, California-based carrier, “What I love is power only shipments. Not only does this save me and my drivers time by solely hooking up to trailers and moving them to where they need to go, we can also get a lot done this way in our 10 hours.”
Each week, there are thousands of power only loads available to carriers who can bid on and book them directly in the Convoy mobile app, alongside live loads and dedicated freight opportunities. Additionally, through Convoy’s TruckYeah Savings program, carriers can save over $35,000 on their biggest expenses, including fuel, equipment, factoring and preventive maintenance.
Carriers can book power only loads today, in the Convoy mobile app.
New carriers can sign up with Convoy and begin booking loads in just minutes, get set-up with a carriers‘ portal today.