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Problem with this philosophy (when the trucking market is obviously better than today) is that once you get burned like that, you probably will never go back to that shipper or receiver. Little by little, carriers get to know you, your shipper and receiver and will be less inclined to work for you down the road.....No.. but a little bit of money is better than no money at all. I would rather get $50.00 for a six hour wait than nothing even though $50.00 is obviously way too low as well.
If you constantly say to your driver you will not pay him/her for waiting time, you will lose your driver to someone else. I'm not talking about the "dime a dozen" variety of drivers. I'm talking about the good ones, that you value because they work hard and are responsible.