how do i become a freight broker
#11
09-16-2007, 04:54 AM
Originally Posted by LOAD IT
A driver (myself included at one point in life) would load for a broker that offered an advance over one that didnt. If you see 7 brokers hustling the same load which one has the advantage of getting your truck if they all have good credit and the rates are very close to the same? The one offering the most money for the smallest fee. Some brokers dont offer advances for many reasons, some wont advance if they havent done business with you before. Some are strapped for cash and cant afford to advance. A buddy took a broker load from WA to OH about 3 months ago and they sent the advance through Western Union (that had to be costly). Then they wouldnt honor the quick pay after receiving clean bills unless he picked up another load for them. He picked it up then took it back to the shipper the next day only to find out the load was TRIPLE brokered. Not a good situation for our industry. When I look at my records, not of my advances are on loads of 1000 miles or more. Some O/Os believe that getting the advance is better than hauling for free..ie not getting paid. On that note, I say you shouldnt be loading for a broker that you feel may not pay. However, Ive had truckers load, get the advance and then start threatening this or that. I just remain cool and let the cross state lines then I threaten an interstate crime which is a felony. The load always gets delivered and the trucker always gets paid. I wont use him again though.
#12
09-16-2007, 02:30 PM
I don't take advances. I run on my own money. The main reason I could see for taking advances if you are under capitalized or question whether you will be paid. One reason many older owner operators or carriers used to take advances is to cover themselves in case the broker failed to pay them. If you check out a broker, that should not be a problem. I would prefer to factor the load than take advances. Most will probably charge a fee for any advances. I do have one broker with whom I do business who nearly always offers advances without a fee. I never take them. I prefer getting all of my money after the load is delivered. I take the bills to this broker and he writes me a check on the spot. He doesn't charge for paying quick, either. This is the way this business used to be. You do the job and you get your money, without any discounts.
#14
09-17-2007, 02:02 AM
Originally Posted by Sonny Pruitt
not a crime to hold freight for ransome
#15
09-17-2007, 02:58 AM
http://www.tlcouncil.org/qa/qaarch.htm#_Toc458401650
theres some mention in the archives even the police really don't want to get involved and will keep passing the buck as to who has jusidiction. but in the end the broker usually winds up paying if he wants to keep his shipper.
#17
09-17-2007, 12:43 PM
There are incidents like that all the time on the GL meaasage board.
The conventional wisdom is pay the trucker and save the account. Newly registered brokers fall victim to this by scam artist carriers btw.
#18
09-25-2007, 04:13 AM
Re: how do i become a freight broker
Originally Posted by ripp_jr
sorry if this in wrong spot but i was wondering how to become a freight broker so i can broker my own loads for my trucks and do freight brokers call companys to get freight or do the companys call them thanks for the help
 Actually, I'd lilke to do the same thing ripp, not to become one, but to know how to negotiate. I sometimes get the rate I asked for, but wonder how much money I left on the table
#19
09-30-2007, 08:15 PM
I never take advances. I factor 90% of my paper. But the main thing is, I always, always, always credit check a broker that I don't know well or that I haven't hauled for in a while. Brokers come and go just like carriers. One might have a 5,000 credit limit today and be a no buy next monday. In doing this, I have always been paid. Once in a great while, a broker will go 45 days, but not more than once or twice a year. I've not been burned yet, knock on wood.
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