load board pay

Discussion in 'Expediter and Hot Shot Trucking Forum' started by madmatt212, Jul 19, 2021.

  1. madmatt212

    madmatt212 Bobtail Member

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    Jul 19, 2021
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    Hey guys I have been driving truck for 25 years but just starting on my own as a hotshot. I understand most of the business stuff, but I am having trouble understanding how to get paid through a load board. is there anyone who can help me understand this please.
     
    oFlow Logistics Thanks this.
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  3. Lite bug

    Lite bug Road Train Member

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    Load Board is for obtaining loads for carriers. Load Board is for distributing loads by brokers. It is a platform for both parties. Hopefully this helps.
     
  4. ibcalm19

    ibcalm19 Road Train Member

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    Normally you are going to call the office posting the load sign a carrier agreement& agree on the price(do negotiate) and all particulars about the loading & unloading the load. You will discuss when you will be paid. You also want to know how reputable they are with paying (you might want to deal with will known brokers who pay on time). All the best to you on your journey.
     
  5. madmatt212

    madmatt212 Bobtail Member

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    Jul 19, 2021
    Idaho
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    So you get by the shipper and not through the load board?
     
  6. pavrom

    pavrom Road Train Member

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    Broker or factoring co ...if using load boards
     
  7. madmatt212

    madmatt212 Bobtail Member

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    Jul 19, 2021
    Idaho
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    OK thank you that helps a lot.
     
  8. Rideandrepair

    Rideandrepair Road Train Member

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    You send Broker an invoice, along with a copy of Confirmation Sheet, BOL. They send you a check. Some use images, some still demand Originals. Very few though. Should be able to bill them all digitally, via email, using a phone scan app, or a phones camera,
     
  9. madmatt212

    madmatt212 Bobtail Member

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    Jul 19, 2021
    Idaho
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    Not using a broker, doing it myself
     
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  10. bad-luck

    bad-luck Road Train Member

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    The load board is where carriers and broker post loads looking for trucks. It is also where you as an owner operator can post your truck when you are looking for a load. The broker or carrier pays you after the load is completed, generally in 30 or more days. Unless you get whats called quick pay, where they take a percentage to pay you sooner. Usually 24 hours to 3 days. Hope this helps.
     
  11. Rideandrepair

    Rideandrepair Road Train Member

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    Then send the invoice Directly to whoever you got the Load from.
     
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