Broker going out of business

And you know the actual rate that Coke pays? Because that would determine whether there was a loss or not. We've all cried that we lost money at one time or another. Both on the brokerage and carrier side.

Any way you look at it, it's the exception and not the rule. You and 10K others are out there looking for that exception.

Reality is if your plan would not suffice in any other service industry, why do some think it will in this? But I like those that do, it makes my job a lot easier.

 

My understanding is that the spot market is essentially defined as the exceptions. I've always figured that 3/4 of the work I get is something left over or last minute/uncovered. The other 25% is repeat business I do for the same brokers or shippers. What I've never understood is why some shippers don't do contracts. They just put everything on the spot market, or at least that's the way it's always seemed to me.

I don't get you here Chris. Trucking is not like any other service industry. In fact it serves all the other service industries by moving products/commodities. I have little worry that my plan (somewhat like Dune's) will suffice because it has made me a 6 figure income for the last several years. Seems like it isn't going anywhere.

I'm genuinely curious what you meant. My understanding among spot market operators like myself is that everyone knows there will always be something last minute left to haul. I mean the whole hot shot auto parts world revolves around that assumption, for example.

 

Didn’t you have a mushroom customer that had crap rates that required your drivers to run illegally. But you kept them around because they paid cash? And you needed the cash flow? I think I would rather factor than service a customer like that.

 

Many customers just play the spot market, same as the trucks. Others want the stability in the transportation cost. Easier to do long term cost of their sales.

Trucking is like any other service industry. There is nothing unique about the overview of it. Who it supplies doesn't matter. You are trying to convince that your service is better, worth more than the other guy. Same as any other service does.

Never said you can't do well in the spot market, but it's a small percentage that do compared to the total number in it. Downturn like now, they're the ones falling fast, complaining the most.

 

Yep, been hauling for them since 1993. Still am. Rates have always been good. Never needed the cash flow, they never paid cash, never needed to factor.
I'm sure your a disgruntled ex that couldn't make it anywhere. Or more likely one that ran off owing me money.

 

No, I’ve never worked for you. Just know some people. They didn’t seem disgruntled. But they did tell me that it was a crap rate. And you liked them because they helped your cash flow. Could be BS idk. But it sounded believable.

 

First clue would be paid cash.
Illegal runs? Of course. Have always done meat/produce. ELD's changed many things. Always managed through 4 compliance reviews to keep a satisfactory rating.

 

I’ve had many loads pay cash. Used to do a regular tomato run that paid cash. It’s not terrible difficult to pass a compliance review either. Especially in the days before elds. It sounded pretty believable that a guy was hauling from Lancaster to Wisconsin for a buck and a quarter. Just to get back to haul more cheese. Either way doesn’t matter to me. Haul cheap because they pay in a timely manner or factor. It’s your business and you have to do what works for you. But, is one really better than the other? I don’t think so.

 

1.25 + fsc PA to WI would have been around 2002-3 So it's really old story or smoke up the a&&

 

Either way 1.25 was pretty crappy then too. But yeah my info is old. Not that old, but 10 years old. You’re missing my point though.