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Brand new to hauling broker freight...

Discussion in 'Freight Broker Forum' started by CbarM, Oct 29, 2013.

Page 1 of 3
  1. Oct 29, 2013 #1
    CbarM

    CbarM Heavy Load Member

    894
    247
    Jan 17, 2011
    Irvine, AB
    0
    Hey all, I have had my own authority for a while now, running under a carrier pulling their trailer. Our seasonal asphalt oil hauling job just ended and I just bought a heated dry van to take me through the winter. I have been wanting to do this for some time now and I am going to get signed up on the Transcore loadboard as I only have authority to operate in Canada. If I call a broker and accept a load, how do I get paid? Do I have to invoice him with every load, or is it automatic with load acceptance? Any info would be greatly appreciated...
     
    CbarM, Oct 29, 2013
    CbarM, Oct 29, 2013
    #1
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  3. Oct 29, 2013 #2
    bullhaulerswife

    bullhaulerswife Forum Leader/Admin Staff Member Administrator

    28,517
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    Jul 23, 2007
    Midwest
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    Yes, you will have to invoice for each load. Most confirmations will give you billing instructions. Also when you sign up to haul for a broker they will have options usually on how they pay, and what is required.

    Each broker is different. You have to just follow what they have in place to get paid.
     
    bullhaulerswife, Oct 29, 2013
    bullhaulerswife, Oct 29, 2013
    #2
  4. Oct 29, 2013 #3
    DeltaKilo

    DeltaKilo Bobtail Member

    35
    16
    Oct 3, 2012
    Chicago, IL
    0
    Alternatively you can use a factoring company, to whom you will send your confirmations+BoL's, and they will reimburse while taking 2-4%.
     
    DeltaKilo, Oct 29, 2013
    DeltaKilo, Oct 29, 2013
    #3
  5. Oct 29, 2013 #4
    CbarM

    CbarM Heavy Load Member

    894
    247
    Jan 17, 2011
    Irvine, AB
    0
    OK, thanks for the info, I am aware of factoring companies, but I have enough cash saved to get me through for a couple months, so I would like to avoid using them if possible. Brokers are also gonna wanna see my authority and insuance I assume, so I can put all that in a file and email it to them as well as any other communication?
     
    CbarM, Oct 29, 2013
    CbarM, Oct 29, 2013
    #4
  7. Oct 29, 2013 #5
    DeltaKilo

    DeltaKilo Bobtail Member

    35
    16
    Oct 3, 2012
    Chicago, IL
    0
    Get the following documents in order

    Company Info Sheet (name, address, numbers, mc#, dot#, etc)
    MC Certificate
    Certificate of Insurance (sample)
    Cert. of Ins. request page from your Ins. Provider
    List of references (brokers like that)
     
    DeltaKilo, Oct 29, 2013
    DeltaKilo, Oct 29, 2013
    #5
  8. Oct 29, 2013 #6
    CbarM

    CbarM Heavy Load Member

    894
    247
    Jan 17, 2011
    Irvine, AB
    0
    Wow....great info! I will start compiling this list today...thanks so much!

    References being previous carriers worked for? I havnt hauled any broker freight yet, so cant use them as references.

    I just talked to my insurance gal and my current cargo (crude oil/asphalt oil) is $50k, so I had her raise it to $250K for dry freight. Would this be sufficient?
     
    CbarM, Oct 29, 2013
    CbarM, Oct 29, 2013
    #6
    DeltaKilo Thanks this.
  9. Oct 29, 2013 #7
    DeltaKilo

    DeltaKilo Bobtail Member

    35
    16
    Oct 3, 2012
    Chicago, IL
    0
    I would stick around to 100K, that is more than enough for dryvan. Unless you are going to be doing high value loads, which are hard to get as a new guy on the block.

    Call a broker, talk to him, start building a relationship. If you someone tells you to f off, take in stride. Keep a cool head and call every load down the board. Eventually you will get something good out.

    The reference sheet will come once you build some relationships with brokers. Smaller brokerages prefer references, big ones (CHR) dont care.
     
    DeltaKilo, Oct 29, 2013
    DeltaKilo, Oct 29, 2013
    #7
  10. Oct 29, 2013 #8
    CbarM

    CbarM Heavy Load Member

    894
    247
    Jan 17, 2011
    Irvine, AB
    0
    OK, sounds good. I just made up a nice lil carrier profile so I can just email it when the time comes. My cargo ins. rate isnt affected to much, but ya never know when one of those high dollar loads pops up. I am really looking forward to this, I think it will be fun to actually be on my own. I have wanted to do this for a couple years now n I think its time to #### or get off the pot...

    Would it be bad to tell a broker that this is my first time? Even though I do have some pretty good negotiation tactics?
     
    CbarM, Oct 29, 2013
    CbarM, Oct 29, 2013
    #8
  11. Oct 29, 2013 #9
    DeltaKilo

    DeltaKilo Bobtail Member

    35
    16
    Oct 3, 2012
    Chicago, IL
    0
    Don't say first time. Just say that you are new to this. Ask for them to work with you. At the same time watch out for some brokers trying to take advantage.
     
    DeltaKilo, Oct 29, 2013
    DeltaKilo, Oct 29, 2013
    #9
    bullhaulerswife Thanks this.
  12. Oct 29, 2013 #10
    Oscar the KW

    Oscar the KW Going Tarpless

    12,247
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    May 19, 2011
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    I wouldn't necessarily tell them that you are new to this, unless they say something first. When you call them and start negotiating rates just know what you want before hand, don't stop and think, it shows uneasiness, and they will prey on that. Talk like you have done it a thousand times, and always be polite.
     
    Oscar the KW, Oct 29, 2013
    Oscar the KW, Oct 29, 2013
    #10
    G3Truks and bullhaulerswife Thank this.
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