Broker going out of business

Well, it seemed your point was that I was paid cash so I didn't factor. Wasn't paid cash and never factored.

2013 was far more than that.

Please post consistent PA to WI rates for 02-03 to show how much they were.

 

Yeah, you missed the point.

 

Most definitely 1.25+ fsc was a crap rate in 2003 from the east coast to WI

USDA produce rates 12/17/2003
NEW JERSEY AND DELAWARE PORTS

ATLANTA 1000 1250 1000 (0)
CHICAGO 1000 1100 (+11)
NEW YORK 650

A few other produce rates from 2003


SOUTH DISTRICT CALIFORNIA
-- CITRUS ADEQUATE --
ATLANTA 2900 3000 (-3)
BOSTON 3900 4200
CHICAGO 2500 2700 (0)
DALLAS 2200 2300 (0)
LOS ANGELES 600 750 (0)
MIAMI 3500 4400 3750 4400
NEW YORK 3800 4000 (+3)
KERN DISTRICT CALIFORNIA
-- GRAPES ADEQUATE --
ATLANTA 2900 3300 3000 3300 (-2)
BOSTON 3800 4200 4000
CHICAGO 2500 3000 2600 2900 (-5)
DALLAS 1900 2400 2000 2300 (-9)
LOS ANGELES 550 650 (0)
NEW YORK 3600 4000 3800 (-4)
PHILADELPHIA 3500 3900 3600

 

Since you can’t pick up what I’m putting down. I will put it plainly. Me commenting on what little I know about your business makes me look arrogant and ignorant. And puts you trying to defend yourself. Sort of similar to you attacking DuneT for the way he runs his business. I doubt you or anybody else knows anymore about his business than I do about yours. If he chooses to factor what does that concern you? If he chooses to run spot market again what does that concern you? If you choose to haul cheap mushrooms what does that concern me?

 

My factoring company filed on my behalf when a broker screwed me. I got about 50% of what I was owed. I'm currently going after Amazon for the other half. What is the full name and MC of the broker that screwed you? Because I wrote about SEL in another thread about 3 or 4 months ago. DAT is STILL posting their loads.

 

Yeah. That's what my "non-recourse" factoring company told me when King Heaven screwed me. I don't see the difference. Is it a built-in loophole?

 

If you or him took it as an attack, I apologize, wasn't meant that way

Maybe you missed this reply

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.

 

Think it's a pretty common clause.

SEL has been bad for a while. Surprised that any factor took them.

 

Essentially there is no such thing as, "non-recourse" factoring. The carrier never wins in the end. The factoring company never really loses anything. Not a single dime.

 

It came across that way. At least to me. But that’s alright. Maybe I did miss a post. That’s certainly possible. You are definitely correct on the downturn taking spot market guys first. Especially new entrants. I also don’t feel the spot market is good for a long term business model, unless you are just planning on being a one truck chuck.