Transparency of Broker's Cut, Does It Exist?

The only transparency that's ever revealed is when a broker says that he's got only that much in it. But that could be a lie too.
So, on one hand, they would not much fancy transparency but on the other, sometimes, they offer it too.
Concluding, there isn't such a big deal about transparency as much as the lack of consistency of being transparent or not.

 

Those who are against transparency have something to hide.

 

I’m a one truck guy who is leased to a carrier, heck I’m not even a real owner operator. I’m against transparency because I don’t buy into the belief that somehow it will make the rates higher. Transparency won’t change the number of trucks available for the number of loads on the spot market. I’m also against transparency because I never want some other business to have any knowledge of my other business dealings that don’t involve them.

I’m willing to listen if someone can offer one good reason why they feel entitled to know the details of a separate business transaction that doesn’t involve them at all.

 

When brokers boldly lies to me saying he's only making $100 off of load I need to know what its paying originally. It IS my business to know how much I'm leaving on the table. Besides it is the law, just FMCSA is not enforcing it.

 

It’s not your business. You’re negotiating with the broker on the rate for you to move the load, what his contract is with the shipper isn’t your business. If the rate isn’t good enough then move on. When you buy tires do you ask the shop what their wholesale cost is? Might be leaving some money on the table there if you’re paying retail price after all.

 

Federal regulation 49 CFR § 371.3

Look it up and use it, if you so desire

 

Tire salesmen actually work. They stock tires, they warranty them, they mount/balance them, rotate them as needed. I don't mind paying money for tire shop services. Brokers hardest work is picking up phone and scamming truck owners-that is hard work, huh?

 

So start a brokerage if it’s that easy. After all, slightly foolish of you to keep driving if it’s so easy to start a brokerage and make the big money and not have to work at all.

I asked this same question twice in a different thread and the person wouldn’t answer, so I will ask you the same question.

When spot rates were at a record high, if a broker showed you there contract and proved they were moving the load at a loss would you drop your rate or would you expect to be paid the current market rate at the time? Nobody seems to talk about transparency when spot rates are high. I find that slightly peculiar.

 

I would expect to see transparent rate no matter if load pays good or bad. That's why it TRANSPARENT and would show if brokers word is honest or not. I highly doubt brokers lost money on loads. To say it properly-they didn't make as much money on load as they'd like to. Now I believe that!

 

have you ever used Federal regulation 49 CFR § 371.3 to get what the broker made off the load you hauled?