“The brokers make too much”

Oh yeah no doubt about it. I wasn’t answering your post specifically, it was written as you were posting. The recourse against Double Brokering is in the contract. I do better with Smaller Brokerages. Same way I do better with smaller Repair shops. Etc. Making it harder for new Entrance, IMO, might have a negative effect on Us. The parties behind raising the bond amounts for instance are the Large Self insured Brokers. Same way Large Self insured Megas Lobby for higher Public Liability for Us.Making my Insurance costs higher, and harder for Me to compete with them. I shudder at the thought of only 5 major Carriers, controlling all the freight, even the Brokered freight.

 

When someone says they need a regulation on others because they’re not successful: I read that they have no business in business.
If your business model requires others to be held back so you can get ahead: says a lot about you.

 

I actually did pretty good for 2019, my business plan was awesome.

My point and your not understanding is brokers don’t have anything to worry about.

double brokering ? No problem

signing a contract then throwing it out the window? No problem

not paying you? No problem


Insurance companies signing a contract then 1 month later raising the price? No problem

many many other things wrong with the industry. If anyone who doesn’t want that fixed then there is something wrong with them.

 

Here’s something for you guys to think how messed up this system is.


I sold a truck, new owner never registered it, copied someone’s numbers, faked paperwork, insurance and everything else.

ran for 9 months before finally getting pulled over and truck being impounded.

he got his truck out 2 weeks later and was back on the road.


Yup again with no numbers.


And how does he get loads? Once again brokers not giving a crap who’s pulling.

 

Why are you not taking them to court then? You know, like any other business to business where one breaks a contract?
And if the contract doesn't benefit the company, why are you signing it?

As for those being regulated, well they are breaking the contract, what makes you think they wouldn't break the regs also?

 

All my brokers paid, I had no issues since I use a factoring company. Only had a few issues on detention and rate cons being canceled, but reading here and seeing how easy it is for brokers to get away with murder is why I want some sort of system that treats owner ops with some sort of respect.

A rate con is also a contract yet it can be canceled for any reason. This is what I mean when I say contracts can be canceled.

 

Anytime you feel cheated or robbed you do have the opportunity to sue in the courts.

 

I'll give you an example of what happens when the government steps in to limit the amount of profit a private company can make in a free enterprise system.

I owned an insurance brokerage for 30 years that my father started 50 years ago. We primarily sold health insurance to groups and individuals. Industry standard broker commission for the sale of a policy is 7% first year, and 3.5% renewal for every year after that. For insurance on large companies, the commission is about half that amount. When the Affordable Care Act also known as Obamacare became law, it put a limit on the amount of profit at 15% that an insurance company could make. Most people thought this was great and we were all promised that our premiums would go down and we could all keep our own doctors. Of course, we now know that was all a big lie.

Insurance carriers weren't set up to be sales organizations. All of a sudden, they couldn't afford to pay commissions to brokers, and were forced to build their own sales force. It's costing the insurance carriers more to do it themselves that it cost them to have brokers do it for them. You all may have noticed that since Obamacare became law, our premiums have skyrocketed and the customer service for most insurance companies is now farmed out overseas, and they don't really know what they're doing when you can actually reach somebody. The biggest disadvantage for the public is that brokers were able to get them quotes for many insurance companies, and now you have to call the company directly to buy their insurance and they don't tell you the price of products they don't sell. Brokers also helped customers deal with claims and practically any questions they had about their policies. We saved the insurance companies a lot of work for the small amount we were paid in commission.

Obamacare put thousands of companies like mine out of business overnight, and I employed over 40 people at that time. I retired for 5 years then decided I wanted to drive a truck. I don't want the government telling brokers or anybody else how much they're allowed to make in profit.

 

Oh please some of you just need to stop #####ing already. If you don’t like the rate the broker is offering or willing to pay on a load then don’t take the load. I don’t care what a broker makes as long as the load I take makes sense for me then that’s fine.

 

Do you really think that someone with 12 yrs driving a truck would be the same risk as someone like myself with 12 yrs running a trucking company?
Your not even thinking right now. Nothing your saying makes any sense.