Q2

Discussion in 'Freight Broker Forum' started by Freight Dog Wanna Be, Sep 4, 2020.

  1. Freight Dog Wanna Be

    Freight Dog Wanna Be Bobtail Member

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    Sep 1, 2020
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    There is a particular training program that offers agent placement. One of the stipulations in the agent agreement is that shipper payment terms are Net 20 and carrier payment is Net 30. No factoring, no quick pay. After much research and reading, it seems that this presents a problem on both sides of the equation. I'm seeing that shippers generally want Net 30 or even Net 45, while carriers want something closer to Net 21 with the opportunity to give up a percentage of their payment for a quick pay.

    Is it possible to operate as a new and inexperienced agent under these constraints?

    Thanks,
    FDWB
     
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  3. JimmyTwoTimes

    JimmyTwoTimes Light Load Member

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    Aug 23, 2019
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    You are going to really struggle to get in the door with customers if you can't budge on the Net 20 terms. There are 2309847392784 carriers/brokers out there that have net 30 terms (and many are willing to do net 45 or 60 for the right customer), I can't imagine what incentive you could possibly offer that would get a customer to give their business to you instead with shorter terms.
     
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  4. Freight Dog Wanna Be

    Freight Dog Wanna Be Bobtail Member

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    Sep 1, 2020
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    Thanks for confirming my thought JTT.
     
    JimmyTwoTimes Thanks this.
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