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Brokers Taking Advantage Of Truckers with LOW RATES

Discussion in 'Freight Broker Forum' started by TC Diamond, Apr 9, 2020.

Page 1 of 6
  1. Apr 9, 2020 #1
    TC Diamond

    TC Diamond Bobtail Member

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    Apr 9, 2020
    0
    Hello to all and hope all is well. Why are brokers dropping their rates to less than a dollar per mile and especially doing these times. This is just awful as these drivers are risking their lives to keep freight moving.
     
    TC Diamond, Apr 9, 2020
    TC Diamond, Apr 9, 2020
    #1
    amberfeldt, Andreybanyuk, Bellway0 and 1 other person Thank this.
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  3. Apr 9, 2020 #2
    bryan21384

    bryan21384 Road Train Member

    12,658
    26,041
    Sep 18, 2009
    Memphis, TN
    0
    Where are you running?
     
    bryan21384, Apr 9, 2020
    bryan21384, Apr 9, 2020
    #2
    BackwoodsGA and Valuable Asset Thank this.
  4. Apr 9, 2020 #3
    DUNE-T

    DUNE-T Road Train Member

    6,384
    15,005
    May 10, 2015
    Detroit, MI
    0
    Because there are too many "life riskers" on the road right now. Way more than available loads
     
    DUNE-T, Apr 9, 2020
    DUNE-T, Apr 9, 2020
    #3
    Andreybanyuk, bzinger, Midwest Trucker and 3 others Thank this.
  5. Apr 9, 2020 #4
    Eddiec

    Eddiec Road Train Member

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    Feb 2, 2015
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    Brokers are dropping their rates because the supply of trucks is greater than the demand. In 2018 when the demand was greater than the capacity, rates were 3 to 4 times higher than they are today, and some carriers thought it would stay that way forever, and based their earnings and growth on those numbers.

    Freight markets are cyclical and they never remain high or low, especially in the spot market. Bottom line...if you don't like the rate, don't move the freight.

    Find lanes that are more profitable and negotiate accordingly.
    This is business in a free enterprise market, and in this business no one cares if you can't make it.
     
    Eddiec, Apr 9, 2020
    Eddiec, Apr 9, 2020
    #4
    Andreybanyuk, RERM, 86scotty and 8 others Thank this.
  7. Apr 9, 2020 #5
    Lonesome

    Lonesome Mr. Sarcasm

    10,215
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    Dec 15, 2007
    Northern Indiana
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    Because they can?
     
    Lonesome, Apr 9, 2020
    Lonesome, Apr 9, 2020
    #5
    BackwoodsGA, 86scotty, bryan21384 and 7 others Thank this.
  8. Apr 9, 2020 #6
    PoleCrusher

    PoleCrusher Road Train Member

    7,503
    82,189
    Aug 26, 2014
    LLMF
    0
    Because there's idiots that will haul it.
     
    PoleCrusher, Apr 9, 2020
    PoleCrusher, Apr 9, 2020
    #6
    Lesmeister, amberfeldt, jamespmack and 14 others Thank this.
  9. Apr 9, 2020 #7
    bryan21384

    bryan21384 Road Train Member

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    Sep 18, 2009
    Memphis, TN
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    Nothing stays good or bad forever my friend. Freight lanes and commodity makes all the difference in the world when you're trying to make some money
     
    bryan21384, Apr 9, 2020
    bryan21384, Apr 9, 2020
    #7
    jamespmack, bzinger and TB John Thank this.
  10. Apr 9, 2020 #8
    Wasted Thyme

    Wasted Thyme Road Train Member

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    GOAT watching
    0
    simple supply/demand. If there are no a lot of loads to take, then their are more drivers jockeying to get them. Thus the broker has an item in demand for the driver. Not the other way around. That means he can sell it to them cheaper to make more profit. Economics 101
     
    Wasted Thyme, Apr 9, 2020
    Wasted Thyme, Apr 9, 2020
    #8
    jamespmack, RERM and clausland Thank this.
  11. Apr 9, 2020 #9
    TheLoadOut

    TheLoadOut Road Train Member

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    Nov 6, 2019
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    Winner!
     
    TheLoadOut, Apr 9, 2020
    TheLoadOut, Apr 9, 2020
    #9
    jamespmack, buddyd157, Down the road and 2 others Thank this.
  12. Apr 10, 2020 #10
    FoolsErrand

    FoolsErrand Road Train Member

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    X2.
     
    FoolsErrand, Apr 10, 2020
    FoolsErrand, Apr 10, 2020
    #10
    PoleCrusher, bryan21384 and Lonesome Thank this.
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