Should we share our rates on loads ?

Sharing rates would be nice to help keep guys from pulling cheap but at the risk of having them undercut you.

How about rather than specific rates for specific lanes, a baseline and adjust up or down if coming from good area to bad, or bad area to good, multiple stops etc.

Example of minimums for a standard legal load coming from average area to average area.

100 miles ~ 5.00 per mile
300 miles ~ 3.00 per mile
500 miles ~ 2.50 per mile
Over 1000 miles ~2.00 per mile

 

I had a hard rule that I wouldn't move the truck for less than $2/mile for more than 400 miles, and/or $800 per day to the truck, a 'day' meaning that I had to start my 14 hour clock to service that load. I would adjust the rate UP if going to a known black hole, but never adjusted down regardless of delivery market.

 

Ill be that guy...... sure you should share your rates. Please send my portion to my home address

 

Hmmm...Your close on many markets..But your selling yourself a tad short.(And I understand ,If customer relationships alter some of your holdings )

50 mile trips Full truckload generally demand $500 TTT Same day service of course-

100 mile trips are Tricky- Ive seen them at $550 up to $800 on Standard equipment- No urgency weekly volume.

Heres The Deal with tghose Long moves -1000-2000 milers- Its Hard to Dictate those because unless its JIT-Or Emergency- Many Folks DONT truck stuff Anymore- Too expensive- Its going Steel Wheel; (train)

Back in 2008-2009 ,We were Getting $1200 from East Chicago,In (tin Mill) to Toledo ohio 220 miles

rates are Funny- You can Get Rich and You can Die..All in the Same year.

 

You can thank those Mega company's for that. And they all go searching the loadboards on Thursday and Friday to send there drivers over the weekend to Max out there logbook time.
They all got to meet there 2500 mile quote for the week and pay the driver $0.35-$0.45 per mile.

 

Am I missing something here, or don't rates for a given series of similar loads, (commodity, origin, destination. service interval etc) change with the speed of light these days due to the immense data availability?
The first step was widespread access to the internet with laptops and wi-fi networks maybe 15-20 years ago. Since the I-phone was introduced to the public in June of 2007, and really started to make an impact about 5 years ago, the speed at which the pricing changes is beyond fast. Your post would be out of date before you could hit the send button.
Folks in the financial markets spent several billion dollars to string a fibre optic line from Chicago to NY that was a few miles shorter than existing lines to get a 3 millisecond advantage in equities and commodities trading. I am sure similar speeds are just as important among the players in a market as large as truckload.

 

I always try to do $750 per day
after fuel.

 

That's a good target. However, what's frustrating at times is you'll load in the morning fast, broker or shipper says it's an "open delivery before 3 pm". You drive 4 hrs and arrive well before 3 pm, only to be told no can do today.

 

I agree 100%. $2 a mile is the bottom line that I would run for. I also try to include my deadhead miles in that rate. And sometimes I would charge a premium if I crossed regions with a load. Like if I cross the Mississippi then bump my rate by a few cents to account for being out of region. The only time I would do below my $2 a mile was if I was carrying super light to get a guy home. Then I would take a $1.90 deadhead included. I also think guys should start including deadhead in their RPM calculations. Because getting $2.25 per mile sounds good, except what if you were in Orlando (cheap Freight) and had to drive to Valdosta to get that rate? (And that is why I stay away from FL)!!!