Are you hauling for double brokers with new MC's by chance? What are the names of the brokers that went broke?
Brokers going broke, filing bonds against 3 in the last 60 days.
Discussion in 'Freight Broker Forum' started by Charlie42, Dec 14, 2022.
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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
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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. -
I only work with brokers to get home and pay the fuel at least. But nearly every agreement I have doesn’t with brokers on their DAT agreement doesn’t allow for 1/2 up front. Do you guys do your own contracts with them?
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