Can I Make The Brokers Be Transparent?

Whay difference does it make what the carrier, broker, logistics company, or anyone else makes on a load?

The only thing that matters is are you making what you need or want.

Even if your pay is based on percentage, if the botton line of what you are paid isn't enough then just say no.

 

It really boils down to , what difference does it make what the carrier, broker, or anyone else gets paid.

A load is offered, it pays "X" amount you agree to haul it. If the money isn't enough you just say no.

The only time you should have to worry about transparency is if you are a company driver working on a percentage then you may want to know what rate is/was.

Since this is the O/O thread I would figure we were speaking about O/O's.

 

THREE YEARS -- See part (b) below.
(If you know an O/O going out of business or retiring, have his send letters requesting this information for all his brokered loads during the last three years. That would be very interesting.)

Part 371
BROKERS OF PROPERTY
371.3: Records to be kept by brokers.

(b) Brokers shall keep the records required by this section for a period of three years.

(c) Each party to a brokered transaction has the right to review the record of the transaction required to be kept by these rules.

 

"I'll fax it to you"




.............

 

How does one find these specialized carriers? I certainly don't think Googling every possible combination is the answer.

 

The real question here.. Why is it not transparent by default? Why should you, the broker, or the shipper be worried about displaying the rates openly without even a second thought?

I would think its easier than ever nowadays. The big brokers could have an app or website where you view it..

 

Maybe the broker gets 2000 per load and can sell it on a Monday for 1200 but come Friday he might have to pay 2400. The shipper is happy he knows his freight cost and the broker evens it all out and makes some money. What amount other people make isn't anyone else's business. If they had their books wide open they would be limiting their potential profit. If you knew a broker was making a huge cut off your work then go to the customer yourself (if they will deal with you) and offer a rate between what the broker is paying you and what broker was charging the customer. Now what happens when customer has more loads than you have trucks? Do you become the new broker or tell the customer sorry call someone else. Brokers have their place. If you think they have gold toilets then more power to you go become a broker.

 

I'm definitely no transportation lawyer, but i'm fairly certain that section is about the broker shipper and receiver relationship. And not the broker carrier relationship.

Side note: there is also a separate section that deals with carriers and owner operators, and if paid percentage they owner operator can request a copy of the freight bill.

 

(c) Each party to a brokered transaction has the right to review the record of the transaction required to be kept by these rules.

Not to argue, but carrier is a party too, in my opinion of course.

 

(b) Brokers shall keep the records required by this section for a period of three years.