Brokers are Making A Killing on these loads! (screen shots)

That’s crazy!

 

It infuriates me that when I bid on a load I almost always get "Your bid is too high, try bidding a little lower to retain this load"...but when these brokers post a load I bet it doesn't say to them "Your rate is too low, try posting a better rate that someone can actually make some money on"

 

When they said "that's all I have in it" i would have said ok I'll book with someone else who has it posted for $850 more.

 

That load board has the lowest average rates listed of any load board I frequent. So, I got rid of it...

Also, did you know that you can help drive the "average" rate up by offering high rates just so they will be rejected? The software systems that these 3pls, shippers, carriers, etc... use are all tied together so DAT, ITS, and other TMSs, can see the data.

For example, if the data starts showing that rates are being rejected for being too high in the bidding, it will move the average rate up. That's how brokers get it to stay down so low all the time, they constantly put in trash rates that screw with the algorithm...whether they know they're doing it or not.

My point being that you cannot trust any rates you see...they are ALL negotiable...that's the point of the spot market. Rates are just now starting to trend back up on the boards. I would suggest that anyone with access to multiple companies load boards start offering high rates for lanes you run so they'll be rejected and the average will start moving up.

 

Can't say I am surprised, sad part is someone will haul it for $1350. I think the first thing brokers learn is "That's all I have in it"

 

I couldn't agree more! And $2200 is low for New England as well.

 

I knew a guy once upon a time (friend of a friend) who made obscene amounts of money as a broker (I THINK independent, but I didn't know him that well).

I talked about him on here, and all the brokers on here told me to get him on here (probably so they could tell him to stop telling the truth), and when I asked my friend about him, he said he'd died of a cocaine-related heart attack.

Because I guess what else would you do with all that money.