New Broker wants O/O advise

Any other questions ???

Records to be Kept by Brokers, 49 CFR §371.3
All brokers must keep records of all transactions and all shipments for which they arrange
transportation. To eliminate redundancy and to save time and effort, the regulation allows you to
organize these records into master lists, containing your consignors and the motor carriers that
transported their shipments.
Each record of a transaction (or master list of transactions) must contain the following information:
 The name and address of the consignor;
 The name, address, and registration or USDOT number of the originating motor carrier;
 Bill of lading or freight bill number;
 The amount of compensation received by you for the brokerage service you performed and
the name of the person who paid;
 Description of any non-brokerage service you performed regarding the shipment, and the
amount of compensation paid to you and the name of the person who paid; and
 The amount of any freight charges collected by you and the date of payment to the motor
carrier handling the shipment.
As long as this information is properly recorded, you have flexibility how to organize it to maximize
your productivity. You must keep these records for 3 years.
The regulation gives all parties to your brokered transactions the right to review the records of
transactions that involve them. Therefore, you must allow shippers and motor carriers involved in
your brokered transactions to review records pertinent to them.

 

Yes just one more thanks for your time. What about the transaction between a broker and his shipping customer do you find to be PERTINENT to the transaction between a broker and his carrier?

 

Try reading it again.....

 

The broker's transaction with the shipper is not pertinent to his transaction with the carrier. It is two different transactions. That is all I am saying. He would be required to show the shipper what he billed him, and to show the carrier what he paid him. But he is not obliged to show the carrier what he billed the shipper.

 

If you don't figure out how to convince your shippers to pay a fair rate you won't be in business for very long....

800 miles, LA to El Paso @ 1150 per load....($1.43)

I can get 1100 to go from LA to Vegas, 265 miles @ 1100... ($4.15)

So, you can see... we're not going to be talking long on the phone with your offer of $1.43-$1.70.....

 

I see that reading comprehension is not your strong suit.....

 

Let me know when you get good rates there....LOL......(poking fun at a good guy here too....)

 

I dunno, maybe you scored. What did his carrier profile look like?

 

When you have nothing else you can always throw insults. I am learning really quickly what happens when you shut somebody down on here. I guess that is why more people don't do it. To the OP, good luck to you with your brokerage. And beware of drivers barging in there demanding to look at what you charged YOUR shipper anytime they want while waving that regulation that that guy quoted a little while ago.