DAT 360 Freight Match

Discussion in 'Ask An Owner Operator' started by crackinwise, May 8, 2014.

  1. crackinwise

    crackinwise Medium Load Member

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    Aug 21, 2011
    Central Florida
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    Can anyone tell me about the rate listed in the Broker Spot Estimated All In Rate listed on the DAT 360 load board. Is that rate something you can expect to get close to when you call on the load? Or does it tend to be to high or to low. How close is it to reality when booking loads from that board?
     
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  3. rollin coal

    rollin coal Road Train Member

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    Give you a rough ballpark idea of a rate offer to someone that would "book it now - haggle free" but reality will be, whatever you can negotiate on your own. Maybe you can get much better than the lane average or maybe not, depends on circumstance. In other words don't put too much faith in it. Don't let it mislead you that it's "THE rate for... whatever given lane" cause it's not. I couldn't even tell you what DAT or ITS average is on any of the lanes I run. Don't even bother looking at it.
     
  4. rank

    rank Road Train Member

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    50 miles north of Rochester, NY
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    I have never spent a second looking at that number. It's always stupid low. I *think* it is computed by people that reporting what loads actually moved for. I highly suspect that the numbers are manipulated by brokers.
     
    crackinwise Thanks this.
  5. crackinwise

    crackinwise Medium Load Member

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    Aug 21, 2011
    Central Florida
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    So for example if the Spot Rate listed on a short load from Orlando, Fl to Jacksonville, Fl shows $458 its probably low? If bid higher then that "Broker Spot Rate" chances are I can do better?
     
  6. rollin coal

    rollin coal Road Train Member

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    TN
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    It's useless info. Know what your real cost to roll is and charge well above it. Not all markets are equal but things can change at the drop of a hat. Forget daily and weekly revenue goals those are also useless. Figure what you need annually then set goals for every quarter. Makes it feel less of a rat race and gives you perspective to realize you can actually take many days or even weeks off in the slow times without the world ending. Learn your markets and learn how to read these folks trying to sell you loads. So you understand if they're holding the cards or you are.
     
    crackinwise and GearWarrant Thank this.
  7. crackinwise

    crackinwise Medium Load Member

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    Aug 21, 2011
    Central Florida
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    rollin coal... I am in a unique situation in that I am working as a firefighter right now and was planning to start a trucking company upon retirement. I am currently driving part time locally but the income from that job knocked me into a higher tax bracket effectively wiping out benefit from working.

    So I was thinking if the numbers work out I could start the company now and run a part time schedule. The unique part is that I have an income so if I make just enough to cover expenses Im ok because I benefit from the revenue by paying off equipment and not adding to my personal income. If it happens to actually make a decent amount of income Id be willing to take it as income so long as after taxes Im still making money.

    This would allow me to pay off equipment so when I retire and run full time and really need the income my expenses would be lowered since Id have equipment paid off. When I review posted rates it seems that if I can get two loads loaded and unloaded a day I not only will cover expenses but it looks as though I could make a healthy profit despite the limited schedule. That is, of course if I can negotiate some of these posted rates upward. I am in central Florida and this market isnt exactly known for impressive rates.

    I am hoping there are some O/Os operating Intra-State Florida or regionally that might have some real time input. As of right now the numbers look decent but Im a little worried to pull the trigger because I just dont know if two loads a day are possible. One load/day really just means more days of operation to break even but Id be more comfortable if two loads were possible
     
  8. rank

    rank Road Train Member

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    50 miles north of Rochester, NY
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    You won't know if you can do two loads a day until you do them. They are all different. 3 or 4 years into full time trucking and you will be still learning about which customers load and unload fast and which ones have one shift or three shifts.

    One thing is for sure though. As a part time Carrier for hire, you won't have any income tax problems.
     
  9. BAYOU

    BAYOU Road Train Member

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    Beaumont,Tx
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    I've seen them numbers high and low Youngstown, OH to Houston, TX flatbed shows $2.85-$3.20/mi brokers just won't pay that much on that lane I do get $2.40/mi sometimes but takes work.
     
  10. crackinwise

    crackinwise Medium Load Member

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    Aug 21, 2011
    Central Florida
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    Well the good news is that I dont have to make a profit. But I would at least have to make all expenses. By paying off equipment but showing no taxable income I still would be gaining something for the future of the company. Right now Im driving for someone else to stay in the industry on some level and seeing the extra income wiped out on taxes. A break even as an O/O is actually a huge gain for me.
     
  11. rank

    rank Road Train Member

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    50 miles north of Rochester, NY
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    Are you talking about getting your own authority to operate as a carrier or are you talking about buying a truck and leasing it to a carrier?
     
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