Transparency of Broker's Cut, Does It Exist?

So when people are making good money and it’s easy to make good money then someone else’s money doesn’t matter. But when rates are down then someone else’s money becomes important to how you run your business.

 

It would help to mitigate the greed of carriers in times of scarce capacity and the greed of brokers in times when rates are crashing and fuel goes to the moon.

 

I don't understand how it works?
Did you not read where I gave an example that happened to me?

Shipper sent out load sheet to multiple brokers with loads and approved rate next to it.
Multiple brokers posted it at different rates (keeping different cuts for themselves).
Broker I spoke to told me this and said flat out said other broker was lying when he said "that's all I got it in" because they all are offered the same rate to move the load.

 

That example means nothing.
Pretty obvious that you don't deal with that type of email load blasts.
Trying to educate how it actually works, not how it works in your mind.
You have no idea if the other brokers are doing it for less.
Shipper has a rate they will pay.
If a broker will do it cheaper they will get the load ahead of the higher one.
No different than trucks under bidding each other for a load.
Try to understand that.

 

What would be a fair rate to you for a dryvan load going 900 miles? It’s 7000 pounds but you can’t put anything with it so figure what you’d need for full truckload rate. Not leaving a dead area or going to a dead area, just give me a rate for 900 miles.

Also it’s nice that you’re looking out for the brokers and wanting to protect them from the greedy truckers after a couple years of record high spot market rates. Seems like the scarce capacity and high rates are hurting the brokers should’ve been discussed back when it was happening.

 

I'm trying to educate you that's not what happened in my last experience.

Broker said shipper gives out an approved amount. First broker that says they got a truck is the broker that gets the load.
The broker keeps the difference between what the shipper pays and what truck agreed to do it for.
In this experience broker told me he's offering the most because he'd rather make something than nothing and was pushing he'd like to do business again in future with me.
He very opened and cool with work with.

Not saying it always happens like this. Just like all brokers aren't always evil and greedy.

 

You are arguing to prove a point of which you don’t have first hand knowledge of.

A Broker told me…


^^^Says it all stick with what ya know, not regurgitating what others have told you. People lie

 

No, he just covered the load before a cheaper one did.
In those blasts they almost always give the target rate, anyone cheaper gets it first(if they have a truck)
But i'm sure with your vast experience in brokering/rates/RFQ's you know far more than someone who deals with 1000's of loads a year

 

And other posts say brokers lie all the time.

 

Broker also emailed me the load sheet from the shipper. Asked if I'd ever be interested in any of the others in the future as they are pretty consistent.

Not all brokers lie all the time.
This one clearly wanted truck to work with in the future and have a solid relationship.