Brokers plan to fight FMCSA's transparency push

Why does it need to include how much the shipper paid? If you’ve gotten far enough along to get the paperwork then the trucker must’ve been happy with the rate offered.

If they could do something to make the original broker known to the carrier to end the double brokers and the fraudulent brokers reposting a load that would for sure be a good thing.

 

FMCSA regulated what needs to be on the BOL. It’s easy for them to make changes.

 

I get what you’re saying.

my argument is simple. Regulate everyone involved in transportation industry like they regulate owner operators.

also for some reason all other fields brokers disclose their rates but not in trucking. It wasn’t uncommon for loan brokers to make 20-50k on home loans prior to 08.

 

if i get kidnapped in idk say Acapulco i hope Gov't will send a delta team for my ###

 

Owner operators are not regulated on how much profit they can make... but regulating the brokers might as well start pushing that ball down the court.. next thing you know the government tells everybody how much profit you are allowed to make.. might as well move to China at the point, they will probably be more free there

 

We all know the rates are due to market saturation and a horrible economy. Are they keeping more than their fair share, yes. People also need to stop posting their numbers on YouTube or any internet forum. I have no idea why people would share their financials online with a bunch of strangers that can end up being your direct competition.

 

Who’s saying to cap freight brokers like they cap home loan brokers? Not me.

disclosing the rates won’t cap anyone’s potential.


I know exactly what stock brokers make before I sign up with them. Yet I choose the one that fits my needs. Can’t O/O’s do the same ?

 

And you think shippers won't fight that?

A lot of product is sold freight included. Seller makes money on the shipping. So now they would have to put that on the BOL. That isn't what the broker gets.

All in all it's just when rates are down that anyone wants this. When rates are up it's crickets.

 

you don’t think the receiver knows how much was paid for shipping?

I knew how much I paid for shipping when I was ordering pallets of products.

Even if the shipping was included in purchase price what does that matter?

FOR example: If I purchase a $100 computer. I received the computer and BOL. Shows $100 and shipping charge $10. What am I going to do? Next time buy the same computer and negotiate the price to $90? The seller will agree and then charge $10 for shipping.

makes no difference.

as for rates being good when the market is up, and no one caring, that makes no sense.

Shipper knows
Broker knows
Receiver knows
Tax man knows
The guy printing the BOL knows

in fact the only person not knowing the cost in the chain is the O/O.

All I’m saying a simple $50 in the shipping guys pocket can get you a look at the shipping cost on their computer.


so why not just have it on the BOL?

 

You knew what they told you the product/shipping cost was.

Very doubtful the guy in shipping has the salesman's numbers. Like saying everyone pays the same price for their product.

You don't know what the shipping cost actually was. You had a price delivered, you had a price picked up. You really think the product price
was actually the same? Then you've never dealt in that end of things.

Show where they pushed this when rates were up. They didn't. It's always when the weak can't survive.

You think knowing what a rate was after you hauled a load will be the same the next time? From a different broker?

Obvious you've never did live online RFQ's. All can see the rate on a lane and drop their rate. And then another drops their rate.
And that's on 3-6-12 month. How many loads go out each day to the lowest bidder?

We have customers with a contract rate. If it's extra brokered it's a spot rate.

You really believe that if everyone knows the rate that no one will go lower to get the load? The "we're all in it together" lasts until
one needs it more than the other. Or can do it cheaper and net the same because their costs are lower.