Is Hub Group going under?

I agree with this assessment. If a broker is dragging its feet to pay a legitimate invoice, I probably am not going to work for them again anyway.

I have filed on several brokers over the years. Well at least notified broker bond company to file against the bond. Always the same result. Payment arrives within a couple days from broker.
I have no problem getting loads from other brokers.

 

So the scumbag carriers and the scumbag brokers can file claims against each other. hahha.
The legitimate companies out here working to make a go of it, Will have the time to work with each other and prosper.
In theory.

 

It is a good thing that bond. It really is.

 

Until the bond money runs out and you are left holding an empty bag because you didn't file quick enough. Or you hauled something exempt that the bond doesn't cover. It's best not to book leads with shaky brokerages period. Lipsey Logistics was really shaky ground here recently for a long while. And they were one of the brokers on my carrier's do not book list because of it.

 

The risk isn't in being blacklisted by the bad customer, it is being black-listed by other customers who see you have a history of filing on bonds (this also applies to writing negative reviews on loadboards).

I have filed on bonds twice: the first the broker went bankrupt & in the 2nd case they hadn't paid after 50 days. No one ever mentioned the first, but shortly after filing on the 2nd I did have a new broker ask about it during the setup process. They still accepted me, but they probably wouldn't have booked with me if I had a habit of filing everytime a broker hit 31 days...

 

I've watched my old boss get a carrier blacklisted at CHR, TQL, Coyote, UPS, and XPO out of spite. Guy knows people. Granted the guy he did it to held a load hostage and stole 5k, but you piss people off badly enough and they get creative.

Filing on someone's bond when they feel wronged (for instance if you refused to pay a 30k claim and then file on their bond for the line haul) is going to get a very nasty response from someone.

 

Lucky you.
I lost $1,200 to network. Crooked buggers.

 

They post a negative review wherever they can, then others read all about it. Just like you might think of doing in the event you felt a broker burned you.

Carrier411.com is heavily used, as are the load boards. Speaking of load boards, keep in mind brokers and shippers are their cash cows, not carriers. Once upon a time, I sent in a complaint to DAT or ITS (don't remember) about TQL fake posts. I would have had better results hollering into a sewer pipe. You don't even have to look hard to find Coyote, TQL, and the like shills combing through posts here on TTR.

I had to claim on Coyote's bond to get paid after they tried to put the squeeze play on a $2,000 invoice by claiming my payment of $280 lumper charges was not pre-approved and should be discounted off the invoice. My claim was: it was approved, they could not prove otherwise, and those charges were not out of line with the 50 other loads we had hauled for them claim free. The ACH notice (paid in full) came 5 minutes after their bonding company accepted my claim. Coyote agents continued to call and offer loads. It took about a month of telling every one of them "I don't have any trucks for your offer, your credit is no good with me" before they quit calling. I wish they had black listed us. Maybe they did finally? Who cares? Bad business is bad, no matter what the rate offered may be.

In 6 yrs, that's the only bond claim I've made. I've also gone from a list of close to 100 brokers on a year's worth of a/r records, to maybe 5 or 6 in the past year. I'm picky about who I load. The two big brokerages I still take loads from never get more than two loads deep on the aging page. They know they have a revolving door of carriers to put loads on, so they don't care about burning a few bridges. Smaller outfits put value on relationships and good business that the big guys don't.