Found bottom yet? Feb 2019

Discussion in 'Freight Broker Forum' started by KB3MMX, Feb 27, 2019.

  1. DUNE-T

    DUNE-T Road Train Member

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    I read somewhere last week, that freight volume is the same as last year, but there are way more trucks on the road now
     
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  3. KB3MMX

    KB3MMX Road Train Member

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    There is somewhat "excess" capacity but that's dropping as companies are failing left and right.

    Freight volumes are supposedly up in the teens year over year but the capacity issue hasn't really corrected yet.

    If it keeps trending the way it's going and we get a fed pullback on interest rates things could go back into boom mode...
    .... We will see...
     
  4. LoneRanger

    LoneRanger Road Train Member

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    I don’t think the rates are falling because of capacity alone.

    I know of 8 firms that currently have 10+ Brokers each that only deal in double brokering. This is also a cause as these double brokers scope up the loads and then put them on the board for cheaper, causing others to say I can run it cheaper.

    This is another reason.
     
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  5. Scooter Jones

    Scooter Jones Road Train Member

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    What a joke. Double brokering off of the loadboard with loads that are already near the bottom in many cases? What do they make, like $25 a load?
     
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  6. LoneRanger

    LoneRanger Road Train Member

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    No actually, some have brokers in big name firms that pass the loads to them 5-10 at a time and they post it on the board for cheaper.

    I know few brokers pulling in 20-30k a month just double brokering, 400-800 per load they make.

    I know a few firms that set up offices over seas, or even south of the boarder. Pay cheap rates to the paper handlers and they make even more money.

    Just saying the industry is going down unless a system is put into place that verifies each carrier.

    Also the way it works is.

    The double broker has a brokers license, as well as a carriers license. He picks up the load as a carrier from a big name firm and posts it as a broker on the boards.
     
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  7. KB3MMX

    KB3MMX Road Train Member

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    Landstar is notorious for this crap.

    It's about time these practices are ended, it does nothing but destroy the industry.
     
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  8. LoneRanger

    LoneRanger Road Train Member

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    They are one of them, not only the franchises and not most.

    Here’s a rule of thumb I ain’t racist but I I hear a foreign accent then I am very careful on the information.

    1. I ask about the load, many questions.

    2. I ask if I have to check in as another carrier

    3. I don’t take brokers from Southern California

    4. I only work with established brokers that pass credit checks and have been in the business a while. Meaning no brokers with MC# that start with 9, very diligent with ones that start with 8 and careful with the ones that start with 7.


    5. Any broker on the board with no factor score or dtp automatically gets passed.

    6. I read reviews on the board from carriers on particular broker.

    In other words be very careful when setting up with a new broker.
     
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  9. DUNE-T

    DUNE-T Road Train Member

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    My CH Robinson rep told me last week, that they are stopping to use Landstar, too much double brokering
     
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  10. Scooter Jones

    Scooter Jones Road Train Member

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    Sounds slimey...
     
  11. 2 CHAINS

    2 CHAINS Light Load Member

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    When you have lease ops pulling freight for 1.30 these practices flourish. If they can run for 1.30 so can everybody else is the way brokers see it im sure.
    Last week i got an invoice from a shipper to Dominos pizza by mistake. Dominos paid 4.25 lb for a 41k load of bacon bits. Do the math

    Im leased to a carrier . For the 1st time in 2yrs i pulled 1 of their loads from their customer just so i could put myself in an area. The load they gave me paid 1.90mi after their cut and they broker from within. So i fig that customer of theirs is paying atleast 3.50mi on a Reefer load. Shippers are paying brokers are cutting throats i believe there is less freight so they're doubling their commission only way to do that is lower the rates. I personally seen a decline in rates starting July 2018. Slowly they continued to drop. In October a broker told me he couldnt believe how low drivers were pulling freight. That just fueled them to see how low will they go and so here we are at bottom.
     
    Last edited: Mar 15, 2019
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