Broker Transparency

Jeez fellas lighten up. Don’t take everything so seriously. Everyone has their own Business plan. Everyone thinks theirs is the best for themselves. No one plans to fail. I don’t care how successful anyone is, they can still fail. Happens all the time. The old saying, Pride comes before a fall, is very true. This Business changes fast. Enjoy the good times while they’re here. Things go in cycles, always a backlash. This one will be short lived. 1 Truck or 20 Trucks. Basically all in the same Boat. 50000 Trucks? Different story. Different interests.

 

I'm glad you brought this subject up, because I've heard this before from some folks. Anyway, here is my answer,
1. If the broker disclosed how much money they are making, if it was a fair amount then no one would care. If there proud enough to show it then there's nothing to hide.

2. Doesn't everything that involves shipping have a shipping&handing cost. Why hide it from the truck driver if it's a fair deal.

 

Ahhh yes all this talk about fairness. Are you willing to disclose your cost to operate to the broker so they can make sure that you’re charging a fair rate?
The lane I run has been in the $4-5 per mile range for months. Now I’m seeing loads posted for $6+ on 500 miles. Should the brokers be able to use my costs to beat down the rate?

 

Another good point. I would LOVE LOVE LOVE to show the broker's my cost of insurance, repairs, maintenance, taxes and so on.

Anyway, cost of operations isn't really the transparency of the shipment. It's the transparency of the profit of the shipment that is what the debate is about. And I'm going to bet that the cost of keeping a tractor trailer is a lot more that some office employee.
Thanks

 

Why should anyone be able to dictate what someone else can make?
My outbound loads have been from the same broker for nearly 4 years. Should I be required to make this information public? I started using a new broker for my return loads a few months ago and he has deeper pockets than the outbound. Should I tell him that he’s paying me too much?
People want to complain about their problems instead of finding a solution.

 

No one will dictate anyone how much money they can make. The transparency is not going to tell any broker how much they can make, it will just show how much they will make. Think of it as a free market, everyone will know what the rate it and if they accept it it will move.

 

I haven’t read the regulations in a while,but I think it says you have the right to see the rate after the load is completed. How will that help when booking the load? If people sell themselves short to begin with, then how do you fix that?

 

Actually, it’s the exact opposite of what Free Market means. Just saying.

 

Your right. It won't tell the truck driver how much the load paid until after it has been delivered. If the driver did sell him self short it will educate him in the future to not do that again for that rate.

 

I kind of doubt that it’ll make much difference. People feel pressure to take loads for various reasons. Until they get to a point where they are willing to let the freight sit,then they will take what is offered.
I have a dollar amount that I’m willing to work for depending on the market. If I’m not able to get it, then I’ll sit and wait or bounce.