Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Hauling Freight For New Brokers

Discussion in 'Freight Broker Forum' started by LQTMAN, Feb 5, 2015.

Page 1 of 2
  1. Feb 5, 2015 #1
    LQTMAN

    LQTMAN Bobtail Member

    9
    1
    Sep 22, 2013
    North Carolina
    0
    I'm sure this question has been brought up before, but any good specific feedback is appreciated.

    QUESTION: For a new freight broker starting out - will carriers/drivers be hesitant to haul your freight? If that's the case, then what can be done to assuage their hesitations?

    Is a 50% fuel advance after pick up help? Com-check? Having the guarantee of a factoring company?

    Also - if getting carriers to haul freight for new brokers is a problem, than how have previous brokerages started out and became successful?
     
    LQTMAN, Feb 5, 2015
    LQTMAN, Feb 5, 2015
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Feb 5, 2015 #2
    ShortBusKid

    ShortBusKid Heavy Load Member

    955
    1,267
    Dec 5, 2010
    Vegas
    0
    I don't know about everyone else but I am very hesitant to haul for new brokers because of the higher than average chance I won't get paid. I have done it a couple times but only with a hefty advance or one guy had a letter from his factoring company (which I verified) saying they would pay me directly in 5 days. I have never had a load not paid but I've been shorted on accessorials and had to fight tooth and nail with a small broker who is now out of business.

    The biggest hurdle you face as a new broker is $$$. You could be the nicest guy in the world and WANT to do the right thing but what happens if Brand X Co who owes you $100,000 goes bankrupt and you don't get your invoices paid? You can't pay your carriers with money you don't have. That's not an issue with the larger brokers, they have tons of financial resources.
     
    ShortBusKid, Feb 5, 2015
    ShortBusKid, Feb 5, 2015
    #2
  4. Feb 5, 2015 #3
    Aleeex

    Aleeex Light Load Member

    150
    78
    Jun 8, 2014
    Sacramento
    0
    Fuel advance and quick pay should help.. but I'm very picky myself.
     
    Aleeex, Feb 5, 2015
    Aleeex, Feb 5, 2015
    #3
  5. Feb 5, 2015 #4
    LQTMAN

    LQTMAN Bobtail Member

    9
    1
    Sep 22, 2013
    North Carolina
    0
    ShortBusKid,

    I intend to use a factoring company, who gives fuel advances and guarantees payment to carriers. I can see where problems are had with accessorial charges, those seem to always be points of contention between carriers and brokers. Usually the drivers are in the right in my experience.

    In regards to not having invoices paid, that's my fault if I approve a company with questionable credit. It's my job or my factoring companies job to properly vet customers to make sure the will pay their invoices, and on time. You can't safeguard against it completely, but you can minimize the majority of risk.
     
    LQTMAN, Feb 5, 2015
    LQTMAN, Feb 5, 2015
    #4
  7. Feb 5, 2015 #5
    LQTMAN

    LQTMAN Bobtail Member

    9
    1
    Sep 22, 2013
    North Carolina
    0
    Aleeex,

    What are you looking for when deciding whether to do business with a newer broker. Say he has been in business from 1 month to 12 months. What do you need to feel comfortable to haul for him?
     
    LQTMAN, Feb 5, 2015
    LQTMAN, Feb 5, 2015
    #5
  8. Feb 5, 2015 #6
    Lite bug

    Lite bug Road Train Member

    1,362
    20,571
    May 3, 2014
    Columbus Ohio
    0
    Similar situation if you have a new carrier that's been in business short time, what is it that you do when deciding if you are turning the load over to them?
     
    Lite bug, Feb 5, 2015
    Lite bug, Feb 5, 2015
    #6
  9. Feb 5, 2015 #7
    LQTMAN

    LQTMAN Bobtail Member

    9
    1
    Sep 22, 2013
    North Carolina
    0
    Lite Bug,

    As long as they have proper insurance and authority, have no major safety problems, and they're reasonable, I'll use them even if they're right out of the starting blocks.

    I'm just seeing if there are little things beyond the obvious that makes a newer broker more safe and trustworthy for carriers to want to haul with.
     
    LQTMAN, Feb 5, 2015
    LQTMAN, Feb 5, 2015
    #7
    Kimkane311 Thanks this.
  10. Feb 5, 2015 #8
    Lite bug

    Lite bug Road Train Member

    1,362
    20,571
    May 3, 2014
    Columbus Ohio
    0
    Well on your profile your age says 24 that may affect someone in choosing you, I don't mean no harm but that seems obvious to me.
     
    Lite bug, Feb 5, 2015
    Lite bug, Feb 5, 2015
    #8
  11. Feb 5, 2015 #9
    Bogi

    Bogi Light Load Member

    114
    31
    Jul 15, 2013
    Elk Grove Village, IL
    0
    Bogi, Feb 5, 2015
    Bogi, Feb 5, 2015
    #9
    dirthaller Thanks this.
  12. Feb 7, 2015 #10
    6wheeler

    6wheeler Road Train Member

    2,693
    4,768
    Aug 30, 2009
    0
    Just wondering what factoring company are you using?
    I'm working on the same thing in getting into the brokerage business.

    As an owner of 3 trucks, I don't care if the broker is new.
    Got a bond, a shipper and a receiver I can go after if I don't get paid. Signed BOL's hold up in court.

    If you can pay quickly that's the main selling point. Diesel fuel burns faster than anything.
     
    6wheeler, Feb 7, 2015
    6wheeler, Feb 7, 2015
    #10
    LQTMAN and Lite bug Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 2