You are classified as a 1099 independent contractor, not a W2 employee, of Vector Gaines Logistics. This means you are legally responsible for all your own taxes (including self-employment taxes), workers' compensation, and insurance.
VGL negotiates the rate for every contract upfront with the shipper based on distance, weight, and market conditions. The VGL Rate displayed on the board is the final, transparent price you are guaranteed to receive upon successful delivery.
Yes. If your earnings from Vector Gaines Logistics (VGL) meet the required IRS threshold (typically $600 or more in a calendar year), you will be issued the appropriate Form 1099 (usually 1099-NEC) for tax reporting.
All VGL partners must maintain Commercial Auto Liability and adequate Cargo Insurance coverage appropriate for the specific vehicle they operate. Valid state and federal licenses (like a CDL for semi-trucks) are also mandatory.
Payment terms are clearly detailed in your contract. VGL processes payments quickly and reliably, typically via direct deposit, within a short, specified number of business days following verified proof of delivery.
You must operate under your own established business entity (e.g., your LLC or sole proprietorship). You are encouraged to use your own business identity and documentation to reinforce your status as an independent 1099 contractor.