Feature
Settlements that agree with the load and the P&L
Per-driver statements, deductions, advances and escrow, with owner-operator and company driver logic applied in every calculation.
Free for up to 3 trucks. No card required.
The problem
The load says one number, the settlement says another, and the P&L says a third, because three systems compute revenue differently.
What changes
What Tezify does
One engine computes revenue, cost, driver pay and margin. The figure on the load is the figure on the statement and on the P&L.
- Weekly or monthly per-driver statements
- Deductions, advances and escrow tracked with a carry-forward record
- Owner-operator and company driver treated differently throughout, not just at settlement
- Shortfalls recorded rather than silently written off
- Undated delivered loads never fall out of every pay period
What the rule says
What the regulation requires
- These rules govern the written lease between an authorised carrier and an owner-operator. They do not apply to company drivers, whose pay is a matter of employment law rather than Part 376.
- 49 CFR 376.12 — Written lease requirements (2024 CFR)
- The lease must specify that payment to the lessor is made within 15 days after submission of the necessary delivery documents for a trip.
- 49 CFR 376.12(f) — Payment period (2024 CFR)
- What may be demanded before that payment is limited: log books required by the Department of Transportation, and the documents the carrier needs to secure payment from the shipper. Nothing else can be made a condition of settling the trip.
- 49 CFR 376.12(f) — Documentation that may be required (2024 CFR)
- Every charge-back must be named in the lease along with how its amount is computed, and the lessor must be given copies of the documents needed to determine that the charge is valid.
- 49 CFR 376.12(h) — Charge-back items (2024 CFR)
- Where the lessor is paid a percentage of gross revenue, the carrier must hand over a copy of the rated freight bill before or at settlement — and whatever the method of compensation, the lease must let the lessor examine the documents the rates and charges were computed from.
- 49 CFR 376.12(g) — Copies of freight documentation (2024 CFR)
- Where escrow is required the lease must state the amount and the specific items it can be applied to, and the carrier must account for every transaction in it — either as an amount and description on each settlement sheet, or as a separate accounting done monthly. The lessor may demand an accounting at any time, and interest is paid on the fund at least quarterly.
- 49 CFR 376.12(k) — Escrow funds (2024 CFR)
Quoted from the sources linked above. These are summaries, and exceptions apply that they do not cover — read the regulation itself, or ask the agency that issued your authority, before you rely on any of it.
Common questions
What problem does this solve?
- The load says one number, the settlement says another, and the P&L says a third, because three systems compute revenue differently.
How does TEZIFY handle it?
- One engine computes revenue, cost, driver pay and margin. The figure on the load is the figure on the statement and on the P&L.
When does an owner-operator have to be paid?
- The lease must provide for payment within 15 days after the necessary delivery documents for the trip are submitted.
What paperwork can a carrier demand before settling a trip?
- Only log books required by the Department of Transportation and the documents the carrier needs to secure payment from the shipper. The regulation limits it to those; nothing else can be made a condition of payment.
How does escrow have to be accounted for?
- Either by showing the amount and description of each deduction or addition on the individual settlement sheets, or by a separate accounting provided monthly. The lessor can demand an accounting at any time, and the carrier pays interest on the fund at least quarterly.
Is this an add-on, or included?
- Included in every paid plan rather than sold separately, and available on the free tier for up to three trucks.
How much does TEZIFY cost?
- Free for up to 3 trucks, then $19 per truck per month. Every module is included in every paid plan — nothing is held back as an upsell.
Do I pay for each person who logs in?
- No. Pricing is per truck, so dispatchers, accountants, safety managers and mechanics all get their own login at no extra cost.
See it on your own loads
Run your real loads through it before you decide anything.
- Free tier
- Up to 3 trucks, permanently
- After that
- $19 per truck, not per seat
- Included
- Every module, on every plan