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Fuel Surcharge

Discussion in 'Truckers Strike Forum' started by Tom Joad, Apr 28, 2008.

  1. Apr 28, 2008 #1
    Tom Joad

    Tom Joad Light Load Member

    91
    13
    Apr 8, 2008
    Rt 66 headed west
    0
    I was thinking about this thing where brokers and carriers are going to be required to pass 100% of the fuel surcharge along to the O/O.

    I just don't think the brokers are going to pay you 100% of the FSC and then sit on the recievables for 30 or 60 days. I'm willing to bet they charge you for factoring the FSC in some way.

    I know darn right well they aren't going to pay you 100% FSC and then wait for the shipper to pay them without making something.
     
    Tom Joad, Apr 28, 2008
    Tom Joad, Apr 28, 2008
    #1
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  3. Apr 28, 2008 #2
    Brickman

    Brickman Trucker Forum STAFF Staff Member

    12,908
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    Sep 17, 2006
    WY
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    I didn't take that the legislation was to make them pay right away. Just to pay it, period.
     
    Brickman, Apr 28, 2008
    Brickman, Apr 28, 2008
    #2
  4. Apr 28, 2008 #3
    yoda

    yoda Light Load Member

    144
    6
    Apr 11, 2008
    Brundidge, Al
    0
    You think brokers don't use "receivables" factoring...LOL Wanna bet?
     
    yoda, Apr 28, 2008
    yoda, Apr 28, 2008
    #3
  5. Apr 28, 2008 #4
    Tom Joad

    Tom Joad Light Load Member

    91
    13
    Apr 8, 2008
    Rt 66 headed west
    0
    I'm sure they do. My thought is if someone is leased to a carrier, and they get 76% of the freight revenue, the 24 percent the carrier is keeping includes a portion for them acting like a factoring company. If the O/O gets 100% of the FSC that is monies the carrier has laid out and then has to wait for the shipper to pay.

    And if the carrier is factoring their invoices, then even the carrier isn't recieving 100% of the FSC.

    I know in the past this was overlooked for the most part, because FSC was comparably small, but now FSC can be a very significant part of the recievables.
     
    Tom Joad, Apr 28, 2008
    Tom Joad, Apr 28, 2008
    #4
  7. Apr 28, 2008 #5
    yoda

    yoda Light Load Member

    144
    6
    Apr 11, 2008
    Brundidge, Al
    0
    Wait I am gonna sound like a union man here LOL.

    CONTRACT... it all comes down to what you have in your contract.

    I used to run by the mile, and my contract specified I got 100 percent of fuel curcharge...I was paid FSC when it was collected.

    I now run my own freight but under lease to a company. They factor some of the bills. My FSC is paid immediatly. Some companies pay the FSC when they receive it. If they incure extra cost factoring my FSC that gives incentive to raise the rates enough to cover that extra cost. That is what every other business does. My agent ( who is employed by me not the company I am leased to,) willl just have to get a rate increase also to cover that LOL
     
    yoda, Apr 28, 2008
    yoda, Apr 28, 2008
    #5
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