What Is A Fair Cut For The Broker?

Is the "quick pay" option, required to be offered to an OO, or is it at the discretion of the broker to make it an option at all?

Also, what is the typical interest fee charged to an OO, when the quick pay option is utilized?

 

I understand that idea, in theory. But in application, it doesn't seem reasonably possible.

In order for that to work, I would think that one would need to find a customer with enough freight to keep the OO's 1 truck busy, but not have a workload that exceeds that OO's 1 truck capacity. Because if that is the case, I would think the business would rather deal with just 1 party (a broker), than multiple parties (multiple OOs), to get its freight moved. Assuming that what I have said is true, there aren't enough of these hypothetical "only-1-truck-needed" businesses to go around. I would think, there are very few.

The broker seems unavoidably necessary.

BUT, I could be wrong. Have you been able to secure your own loads on a sustainably regular basis, without the assistance of a broker?

 

Can you please re-explain. It is typically 3% per what exactly? Day, week, etc.? How did you get 36%?

 

Interesting observation. Any idea why the brokers for those carriers don't just push that hypothetical load for $1,000 everywhere, instead of $2,500 on one platform, and then $1,000 on another?

 

So, an OO can settle for 97% of their pay today, or wait a few weeks to get 100%?

So 3% over a month, is equivalent to an APR of about 36%.

That is a pretty steep charge. Is it common, for a broker to not be paid by the customer/shipper?