They regulate it anyway with new regulations and new taxes. The ones doing well aren’t the ones driving the truck. Everyone I knew who drove before deregulation thought it would be great. Turns out it wasn’t. The thing is with drivers being regulated but brokers not being regulated your playing against a stacked deck. Like any gambler your just chasing a rainbow.
Government regulates everything else time to regulate rates.
Discussion in 'Freight Broker Forum' started by Nobroker, Apr 28, 2020.
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Here is nice place to live. The government takes care or the people
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I think we are better off with a freight rate transparency regulation. All rates updated and available to shipper, broker, trucking company & driver. This information will calm the spot market during unstable times because brokers can’t justify huge profits during bull and bear transition periods.
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Government already has a rule that brokers must disclose how much they paid for the load but it’s after the fact.
All that is required to fix the issue and stop illegal practices is for the broker to have on rate con what the government requires them to keep on record.
( this was brought to my attention by another member ) 49 CFR 371.3 States brokers must keep this info and disclose it when asked, but when you sign up to accept the load you sign away this right. So you are not able.
everything will be fine once government says brokers can’t sign away rights and mandates this info on rate cons.
The law is there just apply it before the fact not after it.
As for the guys saying regulations suck, yes they do. All deregulation did was centralize for the most part on interstate authority and open the flood gates on new entrants.
We are still regulated heavily but brokers are not.
I for one am not asking for minimum rates or caping brokers rates and such.
All I am saying is apply what’s on the books.
After this minor adjustment is made, owner operators need to swallow the fact that they are running for $1 mile.
Imagine rates on DAT posted as such.
Shipper Rate: $2500
Miles: 900
Broker: 20%
Rate to Truck: $2000
You can decide if you want it or not.
Now many brokers will say I don’t want other brokers to know what I’m getting the load for. Well that can be done now if brokers where wise and paid for the info to get from truckers.
Hell I see a new industry. Truckers asking for the master lists from brokers and selling them to other brokers. So that point is moot.Last edited: Apr 30, 2020
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