Brokered Loads

cargo insurance is always provided by the company whose authority you run under. Wether or not they charge you for it is up to them.

And your not an owner operator, you are a lease operator. Welcome to company driver with payments. Although the fact that they are allowing you to get your own loads is a step up from most. But if I am finding loads I expect to pay them less then if they find them for me.

 

I Really Can't believe what these Trucking Companies are doing to the drivers!!
They change their strategy because they are losing their shirts, so they make the drivers responsible for the financial end of the equipment and yet they say they don't have enough miles for the drivers??

What an unbalanced way to go.

Unless you find one good broker to work with, most broker loads are a waste of your time because the money there is not worth it. This is why many Owner Operators lost their truck in the past several months. The broker and trucking company gets their cut of the money that the shipper is paying, which left the owner operator , diddly squat.
Working with one broker pretty steadily, they will take less of a cut for each load, knowing that you will work under them.

I don't mean to sound rude, but my suggestion is , if you're making lease payments on the truck, get out of it while you're still ahead.

These trucking companies are going to run drivers down to the ground , so they can keep their necks above water.
They wiped out most of the Owner Operators. Now they're going to work on the Drivers.
I would never, never sign a Lease, unless knowing there is enough work for that truck and "they" guarantee it., in writing.
It's nothing but a joke with what these trucking companies are doing. Yet they still go home with a decent pay check every week.

Since you are not an actual owner operator., you are running under the company's Authority. The one carrying the Authority must provide and pay for Cargo Insurance through the Federal Motor Carrier Act.. They are not allowed to make you pay for their cargo insurance. Liability, Physical damage, bobtail, etc... yes you pay that, but Never Cargo Insurance. The one who holds the Authority Rights, must carry coverage for the Loads.

If you find a broker that has a decent Load.. You contact Your company and have them fax over their Operating Authority and Cargo Insurance to the broker. Then the broker can give you the shippers name , address , and pick up number to haul it.
Some Trucking companies don't carry enough coverage on the loads and can't haul them. Check with the Federal Motor Carrier website and you should find, how much coverage your Trucking Company is carrying on Cargo Insurance. Or better yet, just ask your trucking company how much coverage are they carrying for cargo.

Some brokers only act as an agent. Know if you're dealing with an agent or real broker. Real Brokers must also carry coverage for the loads.
If you have a Reefer, you can use a Produce Broker. Right now produce is still moving pretty good. If you find a good run that pays pretty decent, ask the broker if they have more of these loads that you can do.

One last word, like MedicineMan said ,, if you find your own loads, since you're doing the work for that (acting as a company salesperson) , they must pay you more, than the loads the company is giving to you. I'm sure you're working off of a percentage.
Good Luck! I wish the Very Best for YOU!

 

They may not flat out charge you for it but you pay for it....

 

Yeah, I know. MOST Large Trucking Companies know how to get around things.... I call it "Playing the Game".
They know how to Nickle and Dime a driver..



Oh I wish I had a stick of dynamite.

We were a small company and we stayed small, cause we didn't play the game. But I slept good at night.
We're still listed under the Federal Motor Carrier,, as " Double D Trucking, Middletown PA ".
We can reactivate our Authority, if we decide to operate again and apply for insurance.

 

Medicine man! I tried to reply to what you sent me in private but this #### thing wont let me unless I make like 50 posts or some such crap! I will figure another way to contact you!

 

I'd blow this thing to give me 40 acres



Sorry couldn't help myself...lol

 

Are you saying , You get paid directly from the broker without it going through the Trucking Company?
That's kind of hard to believe if the Load is under their Authority.