How do brokers justify 30-50 % percentage

My Close buddy of 35 years owns his own brokerage, mostly open deck in the Midwest.

He has 3 employees, Plus his wife doing the accounting, Which there is a Ton of.

He makes a darn good living but you couldn't give me that job.

He is one of the hardest working guys out there and there is still not enough hours in the day and you better never turn that phone off.

10_15% is average and he earns every dime of it.

 

To Goof Off and go boating all winter long in Florida

 

Right on, I'm right there with ya on working half the year. But that wasn't the topic. The topic was about a nitwit claiming 60k income on full time work should be satisfactory.

 

Went out yesterday on my buddies 40 Silverton he lives on in Fort Myers. Went down to New Pass and anchored out . Ton of boats out.


All the boats rafted together on the other coast shown on Face Plant is going to get All boating shutdown though.

 

I know I’m late with reply here but my buddy had a broker from coyote who also told him at the end of 2018 that market will take a deep #### for a while. He was independent O/O with 2 other truck running for him. He sold the other 2 and stayed with one and he was glad he listened to that dude.

 

Some of the comments in this thread are adorable.

I think it was one of the Marvel movies that had a line along the lines of "Advanced technology would seem like magic to a simpler civilization", and this thread makes me think of that.

A broker makes a pretty routine prediction on what the truckload market will do(which like any major market, is cyclical in nature), and someone comes running here to post "HAI GUYS THIS BROKER PREDICTED THE MARKET WOULD GO DOWN, DO U THINK HE IS A WIZARD???"

 

Exactly. Sad part is when I started nearly 3 decades ago I made more than that as a company driver my FIRST year. So pay hasn’t moved. Instead of driver pay money went into trailer skirts, APUs, emissions crap, you name it.

 

No, a broker's job isn't to negotiate with the shipper on your behalf.

It's to maximize their own revenue (not yours) by securing the highest rate possible from the shipper and the lowest rate possible from the carrier.