Should rates be public?

Discussion in 'Ask An Owner Operator' started by Flatbed_reefer_madness, Jan 7, 2019.

  1. Flatbed_reefer_madness

    Flatbed_reefer_madness Bobtail Member

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    a friend of mine was claiming that when the “block chain” takes over the spot market, everyone’s rates will become public. Rates will move like the stock market and everyone will be able to look up the “current price” of a lane.

    I think this will be the best thing for us: right now brokers scam us because they know where the market is. Brokers have visibility to millions of loads a year. I’m lucky if I can see 200 loads a year. I’ll be able to truly negotiate rates with brokers using an even playing field. We will be able to compare brokers on lanes and drive the brokers to near bankruptcy. Only the leanest brokers will survive, while margins squeeze OUR way.

    Anyway, opinion for the forum: should rates be public?
     
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  3. Ruthless

    Ruthless Road Train Member

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    If you need a even playing field to be successful: you are bound to fail as a one truck operator.
     
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  4. Flatbed_reefer_madness

    Flatbed_reefer_madness Bobtail Member

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    Agreed, but do you think it would actually hurt us to have rates public! Everyone would know how much the brokers are gouging everyone.
     
  5. Flatbed_reefer_madness

    Flatbed_reefer_madness Bobtail Member

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    Forgot to include quote in my above post.
     
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  6. skellr

    skellr Road Train Member

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    I dont see why block chain would be needed to do something like that anyway.

    It's like wanting to sell twinki in a metal container instead of a plastic wrapper.

    It's the same crap inside no matter how you sell it.
     
  7. Flatbed_reefer_madness

    Flatbed_reefer_madness Bobtail Member

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    So are you saying you do or do not want rates to be public?
     
  8. bryan21384

    bryan21384 Road Train Member

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    Everyone already knows how much the brokers are gouging people, but it's not entirely the brokers' fault. Blame the drivers that took the loads for cheap with little to no negotiation.
     
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  9. Gdog66223

    Gdog66223 Road Train Member

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    I think rates should be public but I myself already know what the rates are for the Lanes I run so it doesnt really do me any good if rates are public... If it's a broker I have never dealt with or a Lane I'm not familiar with Power Dat offers hot market map and you can see what the going rate it is anyway so I usually just use that...
     
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  10. Midnight_tim

    Midnight_tim Light Load Member

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    Honestly for those without a large customer base (or none at all), brokers fill in the gaps. If you go to a broker expecting to get the full rate then you should just start getting better at selling yourself directly to shippers because those guys need to make money just as much as the rest of us. No need to make an enemy out of them because moving with cheap freight is better than no freight (except in the cases where it's not of course).
     
  11. skellr

    skellr Road Train Member

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    I'm saying the means to do so has been around for ages. It isn't "block chain" that's going to make it possible. It's just another way for someone to make money by shafting people from a different angle.

    Someone else is going to need money to implement it. Another hand in the pie.

    You don't even know what your talking about if you want to know what I think of rates becoming public. I think you are just following some trend without knowing what it's really about.

    But that isn't nessasary to make money is it? Just spew and push crap to people that don't know or care to know.
     
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