O/0 working for freight boards online

I use "The Internet Truckstop" to get my freight. It costs me about $30 a month. A load going about 250 miles regardless of weight, I want about $550 - $600. It will take about an hour to load if the shipper is squared away. The load will take about 5 hours driving time to reach its destination # 50 mph avg. It will take about an hour to unload if they are doing their job the way they can. That is about 7 hrs if everything goes right, which it seldom does. By the time this load is completed you will only have enough time to book your next load, and drive to the next shipper, legally so I would basically charge them for the whole day $550 - $600.

 

Profit margins are so tight as an owner op that giving away 5% just to save some time is setting yourself up for disaster

 

You'r free to try, it's america but if you do that on all your loads there won't be a cushion to save up. You do that on the loads from brokers you arn't real sure of, not all of them.
Take advances to pay for your fuel and wait on the money. if you are that tight that you have to give up $1200 (and up) a month just to get money NOW, then chances are you need a better business plan

 

Bronc has his business plan posted around here somewhere. Take a look at it. There is also some sample sreadsheets around. I would say with the way freight rates are right now and if you have a truck payment then you'll be out of business in a few months. with low rates and high fuel there just isn't the profit margin in trucking right now unless you can find a niche. And if you are worrying about brokers paying then I assume you are talking about running your own authority which brings on a whole nother level of headaches

 

What you are talking about is called factoring. For me 5% is way too much of my profit margin. My fixed and variable costs in my business plan require me to make at least $1.50 per loaded mile. That includes me making a modest take home pay of $40/k yr off of 130k mi working 290 days out of the year. If I factored that load I would be giving away $.075 per mile, waay too much.