Help!!! Need advice

Discussion in 'Freight Broker Forum' started by Nena_r, May 29, 2014.

  1. Nena_r

    Nena_r Bobtail Member

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    Dec 14, 2013
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    :biggrin_25526:I need advice on some stuff. So I recently left a large 3PL to join a local company venturing out into the brokerage industry. I was getting paid pennies, chained to a desk and sitting in 3 hours of traffic a day. It was a nightmare. So I started looking into companies who contract brokers at home. I started talking to two and the commission was significantly higher with them. However I knew I'd be taking a risk. I was offered a draw for a couple of months, and along with my savings, I can stay afloat until I build a brand new book of business since I cannot take my old customers with me due to the non-compete. Anywho, here are my questions.


    Obviously working for two at the same time is not good right? I talked to several of my carriers who are also at home brokers and some were like, "Oh yeah you can be a dual agent just keep it hush hush" and others were like "NOooooo you don't need that stress. Focus on making money with one". So yeah now how do I choose which company? Here are the pros and cons of each:

    Local company: just started out. it's a transport company that has been around for a while and has decided to start brokering. I started yesterday and I'm still getting situated but I've had carriers tell me that their factoring companies won't approve us and allow them to take my loads. I had two carriers tell me this. So correct me if I'm wrong but this would only take time to resolve after carriers are willing take my loads?? Something about improving my rating on truck stop? The owner of the company told me that if a carrier says their factoring company won't allow them to take my load, to have my factoring company contact theirs. He is also offering me a salary that would sustain me until we get over that hump. It's a fresh business opportunity. Risky of course. But I can pay my bills for a couple of months which gives me time to get over this issue plus build a new book of business. I see this person whenever I want. Can visit office whenever i want.

    Out of state company: I found this company online. They've been brokering for about 5 years. Much more organized obviously. Contacted the owner via Linkedin and we talked on the phone and he decided to let me on board. Don't have same issues with carriers as with the local company. This one is still small. communicate via messenger. No salary. willing to offer a draw. I will admit I haven't been paying much attention to it these past two days and have been focusing my efforts on the local company. I suppose the long distance disconnect is the issue.

    My gut tells me to go with the local company although the out of state is much more established. Any suggestions would be greatly appreciated.

    :biggrin_2555:
     
    Last edited: May 29, 2014
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  3. cominghomesc

    cominghomesc Light Load Member

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    Apr 20, 2010
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    That is a big paragraph
     
    Nightwind8830 Thanks this.
  4. Nena_r

    Nena_r Bobtail Member

    18
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    Dec 14, 2013
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    :biggrin_2556:
     
  5. pearcetrucking

    pearcetrucking Light Load Member

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    Aug 14, 2012
    Gainesville, FL 48states
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    I'm a carrier and have had that issue a couple of times with newer brokers without much credit history. You can offer pay by comchek, and i've taken load under that arrangement before, but that still doesn't build a credit history. Also contacting their factor might help, where you might pay cod or partial payment and they might take a chance on a small remainder being factored. I imagine there are better ways around it but that is my experience.
    Good luck to you.
     
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