What does Landstar BCO mean?

Business capacity owners (BCOs), our term for independent owner-operators leased to Landstar, have access to our load board 24/7. Landstar is 100% non-forced dispatch so you choose what and when to haul.

What is a BCO in trucking?

BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped. A BCO is often thought of as a term used only in the NVOCC or freight forwarder market, where BCO is also known as the importer of record.

Can you run Landstar with your own authority?

According to the Landstar letter sent out Nov. 4, its leased owner-operators can move out of state and provide the company with proof of a new driver’s license, get their own authority, or deliver a load into California, but they can’t pick up a load in the state.

What percentage does Landstar pay their owner-operators?

between 65% and 75%
Landstar pays a percentage of the load, between 65% and 75% depending on trailer type and ownership, instead of a set rate per mile. This business model rewards owner-operators for securing higher paying loads instead of chasing miles.

Can you make money at Landstar?

This equates to $ 2.71 per mile paid to the driver. The most successful Landstar drivers work smart, not hard, and Landstar provides the support staff and technology to help them succeed. Learn more about Landstar pay and revenue potential.

What is BCO contract?

BCO is an acronym for Beneficial Cargo Owner. The BCO refers to the importer of record, who takes possession of cargo at the destination and does not act as a third party in the movement of the goods. A BCO contract specifies the carriage of freight by ocean through two primary channels: a direct or indirect channel.

What is BCO and non BCO?

There is a lot of confusion surrounding the four main terms in international shipping, such as BCO (Beneficial Cargo Owner), VOCC (Vessel Operating Common Carrier), FFW (Freight Forwarder), and NVOCC (Non-Vessel Operating Common Carrier).

Does Landstar do hair follicle drug test?

Jump through the hoops on demand. Does Landstar have a drug test policy? No they don’t.

How do you become a carrier for Landstar?

Meeting the Landstar minimum requirements does not guarantee approval. One year verifiable OTR experience in the past three years (6 months verifiable OTR experience for Expedited or Hotshot) or three years of OTR experience in the past 10 years, as long as 6 months were in the past 4 years.