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Freight Group
Public • 191 • Free
Freight Broker Pro
Private • 13 • Free
104 contributions to Freight Group
10d ago
in
Cost to operate rise yet again
The story of inflation & cost to do business continues to get bleaker for our carrier friends out there. With most freight I see on the board barely being above this $2.27 operating cost estimate is the damage more then people are aware of to the carriers? https://www.ccjdigital.com/economic-trends/freight-demand/article/15678318/permile-cost-of-trucking-hit-record-high-in-2023?utm_medium=email&utm_content=06-26-2024&utm_campaign=CM_NL_CCJ+Daily&utm_source=CM_NL_CCJ+Daily&ust_id=3c8edb5b1c3638e951e9bedb13d445f98bb2419a&oly_enc_id=9629J8650390I5N
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New comment 4d ago
0 likes • 4d
@Steven Tittle right person to ask. @Sydnie Theisen , with more exclusions from both underwriters and insurance brokers, they are denying more and paying less claims. What is the biggest driver of increases IYO??
0 likes • 4d
@Sydnie Theisen , 👏, I did write an article on Shock, Nuclear and Reptile verdicts last year. One law firm wrote a book on how they made 7 Billion suing transport companies. Good call out as well on Progressive. After looking behind the COI at exclusions we shut down 4800 carriers since 2022. They have 2 of the standard 7 exclusions that are against the ACT, if they lose the freight on their dock, another customer's dock you are not covered. REALLY
8d ago
in
What's this Group's general feeling on working with oversees Dispatchers?
Guys, I am in the Payments space. I am not a Broker. I have a Dispatching operation asking me to plug him in with active Freight Brokers. He supplies me with 2-3 Carrier accounts a week so I know he is legit. My question for the group is this. Who here works with Dispatchers to source capacity? Has it been a good or bad experience?
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New comment 2d ago
4 likes • 4d
@Dan de Varona , interesting post and comments. If a company operates overseas with 95 dispatchers, US carrier has 10-15 trucks, why do they need 95 dispatchers? The answer is they are brokering and double brokering every day. There are 2 other areas of concern, taxes, they do not pay taxes in the country they take the revenue from. The other the carrier MC# they are using does not allow them to broker which they do it every hour. If they represent a 10-15 truck company, why are they posting 100 trucks on DAT and Truck Stop. Creating a false capacity affecting all our rates.,
2 likes • 4d
@Steven Tittle , will see if FMCSA does regulates them fully as stated. If they have to become brokers, open a physical office in NA, and pay taxes. If not, imagine if all Brokers become overseas dispatch companies.
11d ago
in
Factoring
I’ve been in business 12 years and have never factored anything. Those that do Factor What is the biggest motivator for you? Cash Flow? Collections? Your Credit? Anything else? Is it worth the percentage you pay out and that’s not hitting your books as part of your profit?
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New comment 10d ago
4 likes • 11d
@Steven Tittle , agree with the group, cash flow is the #1 reason. If you work with fortune 500 companies that have pushed terms to 90-120 days. In this case the shipper offers inhouse factoring generally at higher %. Even if you have a significant line of credit, factoring costs are generally less than the bank currently. They key is weeding out the Bad factoring companies. Perhaps the group can suggest some good factoring companies. I will go first E Capital is the 3rd largest in NA. If you qualify they are one of the best I have worked with in my past. Can introduce people to Oscar one of the managing partners.
3 likes • 11d
@Sean Smith , that seems outrageous. You are 100% correct, if you are factoring read all the legal small print. If it is extensive have a lawyer read the contract, lower than $400 K
23d ago
in
Broker Carrier Tension Post
@Ed Burns shared great comment today on ideal freight market. We may not ever see the ideal market again until we can resolve the tensions between carriers and brokers. Understand Fraud and week market are driving most of the tensions. This network on SKOOL may all be professional and working to collaborate, we need to drive the message through all carriers & brokers. I have been engaging with OOIDA to assist with the tensions. They represent over 100,000 O/O in the USA alone. All of you can make a difference by valuing each other, all the brokers here KNOW, if you bought it a truck brought it. Be the difference all, the industry will benefit and all of us on this network. Believe this may be a TED talk, not really sure what a TED talk is? If I am wrong trust the team here will set me straight. https://www.linkedin.com/posts/bill-robinson-00476a2_supplyanddemand-carriers-brokers-activity-7118626087340822528-aEbG?utm_source=share&utm_medium=member_desktop
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New comment 11d ago
6 likes • 23d
@Troy Alexander , lack of empathy is a great point. That is what makes us humans, all great leaders possess empathy IMHO. Remove Steve Jobs and Elon and believe the comment is accurate. 😎
0 likes • 11d
@Patrick Smith believe all brokers and converted brokers appreciate you trying to improve the broker perception. Reality for carriers, brokers control the largest % of freight. Brokers all need great carriers, the market creates tensions, if we do not work together shippers will continue to divide and they will conquer both and continue to offer low rates. IMHO
12d ago
in
Interview Advice
Good afternoon everyone. My name is Chris Sonnek and I currently work at a 3PL in Minneapolis, MN. It's been my only job out of college. That means that my last interview was about 6 years ago. I have an interview on Wednesday for an in house position. Any last second tips/advice would be much appreciated!
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New comment 10d ago
2 likes • 11d
@Chris Sonnek , when people reach out to me to ask this question I give the same advice. Make sure you interview the company. Often people believe the grass is greener, if you ask the right questions it can determine if you are moving to a better company. How many people do they have with tenure in the position you are looking at? Why is the position open? Why did the last person leave? Have they invested in tech? Last comment, speak to your accomplishments over the last 6 years. Work well in team environments while remaining independent. Good luck, hope it everything you expect and are looking for.
1-10 of 104
Active 4d ago
Joined Feb 2, 2024
Ontario, Canada
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