Brokers going broke, filing bonds against 3 in the last 60 days.

Are you hauling for double brokers with new MC's by chance? What are the names of the brokers that went broke?

 

Half upfront once Loaded is a very old practice. Used to be common. Considered a gesture of good faith and strength. Covers fuel and maybe more, should the Broker go belly up and not pay. I’ve been stiffed once. Owner ran off with the Bank, and his girlfriend. left his wife with a mess. I got half of the money by convincing the wife I needed it for fuel to deliver the load. She fell for it. No apologies. I had already delivered early. Never got the other half. Only a small percentage, maybe $100 once the Bankruptcy settled

 

Young brokerage needed experience. We agreed on payment terms. I confirmed shipper and receiver also if the agent that hired me was the same they hired.

All questions I had were answered before I loaded.
Everyone was happy at delivery. I got paid, it was just good business.

 

Things to double check in this economy, don’t forget even they do pay and file bankruptcy in the next 90 days they are legally allowed to take it back

 

Google Alexander, Winton and associates. Sign up for free and you will receive emails with the latest brokers who have been reported for nonpayment, and who have pending MC number revocation.

 

Yep you beat me to it. Half up front is from the old days. Back in the early 80s most guys wouldn't take a load unless they got half up front, I know my dad wouldn't

 

I met up with an old family friend that drives for Maverick now and trains. He had a kid with him when we met up to eat and we were waxing nostalgia. Somehow ended up on a story of his where a wire didn’t come through so he drove the load back to the shipper. The kid has this odd look on his face and I ask him what’s wrong. “You mean they just gave you money?” I said no Comchecks were also a thing then too. “That’s still just money. You just walked around with wads of money?” I said it was a different time lol, didn’t have to worry so much about it back then.