DRIVER BEWARE OF FREIGHT BROKER SCAMS
Discussion in 'Freight Broker Forum' started by FREIGHT.BROKER, Aug 30, 2023.
Page 7 of 9
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
AsphaltFarmer Thanks this.
-
For me, the probability of a short term spike is elevated with this chart being a good representation:
But medium term it's structurally set up to not rise significantly due to the nature of the OPEC+ production cuts.
So for example, if an upward price shock occurs OPEC+ has the spare capacity, due to the previous cuts, to supply the market. And even absent a price shock if it continues to trend up once it reaches the upper bound of their range they increase capacity.
So until we get to a point of that spare capacity being dampened things should be fairly range bound absent extraordinary events.JimmyTwoTimes Thanks this. -
JimmyTwoTimes and AsphaltFarmer Thank this.
-
Anyone can calculate this, it's (contract - spot) / ((contract+spot)/2) = indicator
When it's above 10% the market is soft, when it's below 10% the market is tight. If you look at historical data at all you can see that it accurately (to the month) moves along with the ebbs and flows of the freight market the last few years. -
They offered it at x dollars, you counter offered y dollars to haul it, to which they agreed.
That’s how free markets work.
The broker did nothing wrong by offering it cheaper, they’re trying to make money too.
Obviously they had more money in it available, because you got no pushback on the rate con.
The best negotiations go back and forth a couple times and settle somewhere around the middle.
Both sides give and take to arrive at a mutually beneficial settlementLong FLD, Siinman, PPLC and 1 other person Thank this. -
LoneRanger, JimmyTwoTimes and Siinman Thank this.
-
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 7 of 9