If you only use load boards how do you get paid?

I want to get paid in Rubles, Pesos and Yen.... The heck with this American money.... LOL

 

Once you have a carrier packet set up with a broker you do not need to repeat that process again. I call,.. I say hey,.. this is Jim with JCN, my MC# is,.. calling on,... you just need the rate/con signed.

As for the rate negotiations,.. abso-friggin-lutley. Every time I always lay in for what ever I can get. If they cant meet my minimum that I need (Sometimes their hands are tied,.. the shipper just isnt paying) then I move on and I find something else.

Edit:
Running the load boards is a hit or miss process. You have your good weeks and some not so good. You need to know where and when the freight is moving. You hover in and around that lane until its time to move on into another lane. This comes with experience. Also,. some boards (Particularly the free ones) only have what I like to refer to as scrub loads,. or the left overs that knowledgeable operators will pass over on.

I mainly use ITS (Internet Truck Stop) and DAT360 or Truckers Edge boards. If you sign up for a good pay to use board,.. make sure you opt for the shortest refresh option. Its usually like $10 more. But when your in a dead or low freight area,.. it can mean the difference between booking a load or calling on a load already booked. There are mornings where I may make 30 - 50 calls before I score a load that meets everything I need to book it. Sometimes its just 1 call and every works like you want it to be.

Hurst

 

Sometimes you can have the broker front you x% of the load on a blank EFS check that you have then after delivery he sends a check to your business within 90 days for the balance.

 

What happens in case the broker does not pay at all. Is Factoring Company after you to collect?

 

It could be very risky to accept payment in the form of Bitcoin. It just fluctuates way too much and, depending on how you convert it, there are varying fees to convert it to USD.

 

No,.. thats on the factoring company. Thats why they wont factor on a broker with bad or low credit. I dont factor,.. so I do not know all the ins and outs of it. I'm giving you 3rd party info from questions I have asked other O/O's who do factor.

In the case where you are not factoring and the broker does not pay,.. you would then go after the brokers bond. Or worse case,.. you have to sue them in court.

I do not book loads from brokers with low or poor credit scores, among a few others I have black listed due to personal issues. Most of the good boards provide broker credit ratings.

Hurst

 

Risk to Reward Ratio

Stocks vs Bonds

 

Fixed

 

I think we should revive the barter system.

1 chicken per 100 miles
1 milking cow per 1,500 miles
1 plow horse per 2,000 miles

Or trade for a computer or tires on the truck.

 

Factoring is more like a payday loan... they front you the money (for a fee) while they collect .... if they don't collect, then they charge it back to you.

Then you can chase it down yourself.

I don't use one so my impression may be in error.