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VTL TRANSPORT (Ventureline Transport) Double Broker

Discussion in 'Double Broker List' started by boss, Aug 18, 2016.

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  1. fld1shm2me

    fld1shm2me Member

    unfortunately they CVOR is inactive, and so is insurance, not sure how they can be active if they are inactive, so my advice to all is to run their CVOR on your own, worth the $5 if you want to give them a load.
     
  2. TransportQ

    TransportQ New Member

    I gave them a load last week. Ran their CVOR and had a COI done.
     
  3. fld1shm2me

    fld1shm2me Member

    ran their cvor today, and their operating authority was expired on Oct 22 2016. The one they claimed they operated from is not even in effect. Called insurance, they also cancelled their policy.
    do your due diligence, ......
     
    AustinT likes this.
  4. allfreight

    allfreight Site Supporter

    Try checking to see how many trucks are insured and you will have your answer for double brokering. They call other carriers their owner operators. They were making a couple of hundred dollars on 4 loads by brokering them, then when they discount the rate by 5% on an Ontario to AB run that adds up to a lot of money.
     
    EricG likes this.
  5. Shakey

    Shakey Site Supporter

    this is a scam!
     
  6. htcollections

    htcollections Active Member

    I have done 8 loads now with VTL Toronto( Not Montreal) They have Quick paid us between in every instance.
    They are insured with Economical and i verified this again a few moments ago.
    I m not sure why people make false comments , Shouldnt you verify insurance before you give a carrier any deliveries?
     
  7. Soccermom

    Soccermom New Member

    I just did a local load for VTL mississauga yesterday - confirmed they do have the insurance with Economical.

    I did only one load piror and they quick paid me in 7 days
     
  8. theman

    theman Well-Known Member

    Like, hello?????????????????
     
    Shakey likes this.
  9. Shakey

    Shakey Site Supporter

    forget the name of who is behind this but yes theman you are so correct.
     
  10. theman

    theman Well-Known Member

    Why people can't see that a scam is being built up here is beyond me.
     
    Shakey likes this.
  11. htcollections

    htcollections Active Member

    @Key Factor. Discounts are one thing. Finance rates are another. 60 Percent is the legal limit i am sure you know. A lot of drivers do not have even 5 Percent profit on loads unfortunately . Tough Times for drivers these days. Rates have gone down while the costs have gone up.
     
    toplink likes this.
  12. KeyFactor

    KeyFactor Member

    @Rana and @Soccermom, I'm pretty sure I'd take lots of heat if I charged 10% factoring fee. If that's what you're willing to accept for QuickPay, you should know that you can do MUCH better.
     
    toplink likes this.
  13. htcollections

    htcollections Active Member

    @ Rana. i guess 10 percent is fine as long as you got a HHHUUUGGGEEEE rate in the first place.
     
    toplink likes this.
  14. htcollections

    htcollections Active Member

    As For CH Robinson, i think it is a huge risk for them to pay half in advance. Good for carriers that need fuel, not good if the carriers doesn't deliver. 3 percent deduction seems very good for a one day quick pay. Most are 7 days, or 5 days
     
    toplink likes this.
  15. RanaTrans

    RanaTrans New Member


    100% agree.
     
  16. theman

    theman Well-Known Member

    Some brokers (especially the big guys) go really skinny on the margin on certain things and make it up by using smaller carriers who are more likely to want the quick-pay. CHR and Hub I know for a fact employ this as a strategy and I would venture to say a lot of the other bigger ones do as well. Being cash rich has its advantages for sure.
     
    RanaTrans likes this.
  17. Soccermom

    Soccermom New Member

    Personally i think 10% is high BUT if agreed to then what is the problem.

    I have agreed to 10% before. It was my choice.
     
  18. htcollections

    htcollections Active Member

    I have seen carriers try to deduct as much as 10 percent I suppose as long as it was agreed to prior, is understanding. !0 is a high number though. Factoring companies charge much less. 5 % percent is pretty standard. CH ROBINSON is one of the best. They advance drivers 50 percent as soon as they pick up the land, then pay the rest 24 hours after they receive the invoice and POD. 3 percent is their fee. Pretty good company, at least payment wise. I do hear from t\some carriers that they do not like the rates, but at least the rate is agreed to prior.
     
  19. KeyFactor

    KeyFactor Member

    I used to work at a company that offered a 2% early payment discount if the invoice were paid within 10 days. Problem was, many customers would short-pay us - take the discount and pay late. Not cool. It seems to me that there should be no problem for a broker or factor to earn/take a discount for ensuring early payment, as long as all parties agreed to this. The problem arises when one party unlaterally decides to take a discount that was unearned or not agreed upon.

    The NOA should ensure the carrier doesn't get paid twice because the broker should NEVER pay the carrier directly (quickly or in the normal course) after having signed it - unless of course they receive a termination letter.
     
    Last edited: Oct 7, 2016
  20. loaders

    loaders Site Supporter

    I don't think anyone is complaining about a carrier, or anyone for that matter, who pay their invoices promptly.From my reading of the threads on this post, the complaints seem to be about a carrier who reduces the amount of the invoice without notification. Yes, they pay quickly with a discount, but was that the original agreement? If it was, all is good. If it wasn't, not so good. When you add in the allegations of double brokering, the whole thing starts to take on an unpleasant aroma.
     
    hauling_ass likes this.

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