Having an issue with a reputable broker

For those of you that have brokers who chronically pay late, are the "length of time to pay" features accurate on the load boards that offer that feature? I'm a firm believer in leaving reviews of businesses that don't live up to expectations so others know what to expect when doing business with them. Just curious if drivers report on the slow paying brokers.

 

They usually run 3-5 days longer than actual in my experience. Also worth mention is a lot of those DTP numbers are reported by factoring companies. It's well known that a lot of accounts will slow pay on an assigned invoice, but do a lot better on direct pay invoices.

 

I just post my single odd ball truck for free on DAT so I have no access to all of the features of it.

In my experience almost everyone....98% of the hundreds of brokers/brokerages I have run for have been excellent in load descriptions and pay. But man those 2% will leave a bad stain on the brain. It makes you second guess the rest and preemptively doubt all.

 

you know under us dot regulation a broker or shipper is only aloud 15-30 days from receipt of signed bills to make payment. does the broker advance money on the load once loaded? If so get the most up front when getting loaded that way your are only waiting on the last 60% by mail. They are running there brokerage on your money. that's why they are waiting as they do when you have questions as to these issues you don't have to be a member you can call OOIDA for advise They have the lastest on this kind of issue. 37 year vet as owner op

 

For me it is a time/stress thing. If I get paid in 30 I don't even have time to think about it. But when I sit down to check stuff and see 45 I then get annoyed because I have no idea what is going on. So I send a email. A fast response goes noticed and all is forgiven on honest mistakes.

No response!??? Are you serious. I will unleash hell on you and your company you dirt bag *&%*&@$#! I have to track down your surety bond provider and re email everyone the BOL's!!?? Because why exactly?

Those scumbag types are not relationship type brokers. Those ones combined with liars about load specs/appointments/known issues are the ones I figure just don't run for. And then a few that just plain rubbed me the wrong way...lol.

If I owe you 3500 and you email me I will respond stinking immediately and stop and drop everything to find out why. Anything short of that is hiding IMO.....100% for sure a response more than the end of the business day is hiding or at the very least causing me stress.

 

You're smarter than the average bear Yogi.

I'll bet you even have trade accounts so you can slow pay your suppliers and even up your cash flow.

 

So has anybody ever tried a service where the shipping fees are put into an escrow account when the load is picked up, and as soon as delivery is made the funds are transferred to the carrier's account? I'm just spit-balling here. It would work like a Paypal account. Kind of COD but the fund are held in escrow until the load is delivered and a signed BOL is completed on the receiver end. I know it's a pipe dream but I was curious if anybody had every tried creating that type of service before. It seems like that would eliminate a lot of headaches.