UH OH !!!!

But what if no one want's it at $3400?
Does the broker go back to the shipper and says he needs more?
Then does the shipper think the broker is jacking him?

I say let the free market decide; no need for new rules.
Here's another idea......
You gonna love this one.....
Say truckers can only haul for "X" a mile.
That would put everyone on the same page.
Brokers, shippers, truckers.

Mo rulz people

 

Brokers association lashes out after OOIDA’s push for more transparency

From the article:

Last week, Congress got the message that the next COVID-19 emergency bill must prevent brokers from continuing to skirt federal transparency requirements. And, yes, even FMCSA is taking notice that they should start enforcing their own regulations for brokers the same way they do for drivers.”[/QUOTE]

Apparently it is beginning to happen.

I have paid attention to these threads and I understand the concern for underbidding and that type of a thing.

Myself though, I am optimistic that it will bring the Carrier more into the equation.

In other words instead of the broker catering to the shipper and then just trying to find the cheapest Carrier the broker will have to begin to pay more attention on the Carrier side.

It's anybody's guess but I think it's very possible you will begin to see brokers telling carriers we pay a higher percentage we get the highest rates and things like that and actually having the brokers compete not just for the freight from the shipper but also compete for the carriers.

That would be a positive thing if it worked that way.

I say this because if one broker is going to take 20% somewhere there's going to be 1 that says no no come work for me I'll take 15 you make more money.

Plus it will be easier to tell if a load is double brokered and you will be able to see the entire payment that the broker gets for detention and other extra pay.

 

And the shipper says "I don't think so bub, your cut comes off the top not added to the price."

 

That's the current problem, Dave.
There is no transparency in ANYTHING.
Do you really think that the Feds have the time or resources to audit every freight bill?

 

And once people know that the broker is moving this load for $x plus 17% then someone can solicit the business for $x plus 14%. Or $x plus 8% and “make it up on volume”.

 

You really think "transparency" is going to fix it? Anybody who's taking dirt cheap freight now will take it if they know what the broker's making too. The brokers have a good idea how many people are stuck with a couple thousand a month truck payment, payments on a couple cars, house, and whatever all else, they have the upper hand now.