Industry thoughts

I’ve been looking into brokering for about a year now. Been a dispatcher for 3 years (working directly with the companies drivers as well as owner ops and other company’s drivers). However, the more I look into it the more I find myself raising an eyebrow at things. One of the first things I thought of, after an interview I had to become an agent, was “if I was a broker, why would I need to be that rich?”. This thought came after some things the broker said during the interview, and after witnessing how he handled a situation with an agent when it came to how much to pay a driver. So basically after years of my current job, witnessing things at that interview, and doing some digging into brokering, I can say that I have a very pro driver outlook on everything. They’re the ones out there getting the job done and are the ones having to pay for things like fuel, maintenance, and any dead miles. If I ever became wealthy from brokering, it would be from volume. Not from taking ridiculous cuts from the invoice or charging bogus fees. The 2 things I looked more into today were factoring companies and “quick pay”. A factoring company almost seems like a necessary evil, and it would be amazing to somehow avoid this as it seems to convolute the process of things and takes away from a more simplistic and direct way to get things done. But even as a broker if you were going through one of these companies it still doesn’t seem right to charge a “quick pay” fee to the driver. Especially if you’re already taking such a large cut.

Just some thoughts, and would like to hear back from anyone about this. If I can figure out how to avoid factoring companies, my goal would be to disrupt the industry and make a lot more drivers a lot more money.

 

very solid reply, thanks. I got my foot in the door through an old coworker that ended up working for the guy. His company isn’t huge or anything, but it was all done in a small office building with about 20 people. He just came off kindof strung outish, and the way he handled that situation wasn’t really that great. If i were to give the agent thing a try, i feel like I would still be day dreaming about how much better I would want the process to be handled. There unfortunately seems to be a broker vs driver tension from time to time when I’m skimming through boards. I just want to somehow moreso streamline everything, remove additional fees, and get rid of the middle man of the middle man (factoring). An easier process for all parties involved, and more money in the drivers pocket. And of course if a driver I’m working with is ever passing through, lunch is on me lol