Freight Lead!! Anyone interested!!
- Thread starter YYZRIDER
- Start date
Most of the brokers are doing the same thing. They are making crazy money out of loads by saying ohhh our volume dropped so we gotta make our livings. yeah, go ahead by cutting our throat.
None of my regular Customers or Brokers have dropped the rate by even a single cent. So I don't why all these other Brokers can't do the same and offer someone a fair rate???
None of my regular Customers or Brokers have dropped the rate by even a single cent. So I don't why all these other Brokers can't do the same and offer someone a fair rate???
Most certainly. I can understand one way low is ok so you can cover the cost from the other way. But this is ridiculous. I don't understand one thing is it a Shipper or broker who is making the most cut here. it's just the freaking fuel which is low ( in terms of their own calculations) right now.
30
G-2 the TQL of Canada on a smaller scale. Shitty rates big demands stupid amount of tracing and slow paying. What a great business model. This will pass just keep a list.
30
I have absolutely no idea who this G2 broker is, but perhaps they have always been offering depressed rates, pandemic or not. In any event, low rates are not the sole domain of brokers right now. I have lost some freight over the last few days to carriers at rates that are about in line with what this G2 fellow is offering. Strange times indeed.
I would say TQL of Canada goes to Fuel. Brantford to Brampton and back to Brantford: $300 CDN. + on top of that rep has a carrier and wanted to beat $300.
30
They are right there also yes I have to agree. Fuel is always cheap also and usually all about them. I do work with them on some loads but they are not my go too on anything same as TQL sometimes you gotta bite the bullet but sheesh offering under a buck a mile the freight will sit and we will come home empty or grab a couple skids of ltl if we have too but I will not succumb to taking whatever pittance a broker feels they can get away with. I know there are rate shopping shippers out there I deal with some directly myself but why is it every customer of every broker knows the market all the time when things get slow? I know the answer but just so our broker friends know also that we carriers know you are fucking us and some of us are like elephants we never forget.
30
We have some customers (like all of you) that would like steady rates all year on a lane. We win some, we lose some but they need to plan their expenditures and the rates are reviewed every so often to make sure they are fair for all parties.
We do have some customers that say "here's what your competition quoted us, but we prefer to work with you can you go to market and see if you can match the rate"? When volumes are down, we have to try and get some of this business also literally to try not to lay anyone off (we haven't yet). We post it, offer a price and sadly once we obtain carriers for the rate we hoped for and we tell the people calling in that it's booked, some, not all, on the other end of the line say "what did you book it for, I'll do it for less". Guys, let's be serious here, when we say it's booked it's booked. We don't set the rates (brokers), shippers and carriers do, we just need to figure out what the fair rate is based on the information given by shippers and carriers. No one gives me their 'fair and best' rate just because I asked them to. Even though I'm such a nice guy.
Remember, when this health scare is over, the ships will all come to the ports in North America and produce will be moving too, the rates will be higher than we've ever seen. Mind you, my crystal ball could be broken and I may be way off base. Time will tell.
Keep well, keep healthy, we'll get through this
Mike
We do have some customers that say "here's what your competition quoted us, but we prefer to work with you can you go to market and see if you can match the rate"? When volumes are down, we have to try and get some of this business also literally to try not to lay anyone off (we haven't yet). We post it, offer a price and sadly once we obtain carriers for the rate we hoped for and we tell the people calling in that it's booked, some, not all, on the other end of the line say "what did you book it for, I'll do it for less". Guys, let's be serious here, when we say it's booked it's booked. We don't set the rates (brokers), shippers and carriers do, we just need to figure out what the fair rate is based on the information given by shippers and carriers. No one gives me their 'fair and best' rate just because I asked them to. Even though I'm such a nice guy.
Remember, when this health scare is over, the ships will all come to the ports in North America and produce will be moving too, the rates will be higher than we've ever seen. Mind you, my crystal ball could be broken and I may be way off base. Time will tell.
Keep well, keep healthy, we'll get through this
Mike
30
I tend to agree with that MikeJr. If there are a few carriers that don't make it, that will reduce capacity and drive rates higher still. As I mentioned a few days ago, and I am sure I am not alone in this, we already have a backlog of orders that just can't deliver yet. When the brakes come off and these customers want their orders delivered, I hope that there will be carriers available and available at the rates we were quoted earlier. The best case scenario for everyone is a gradual lifting of restrictions so that transportation can gear up over time. I am not a mechanic, but I believe it is never a good thing to release the clutch when you have your foot floored on the throttle!
30
When will this happen? I can't say. I hope markets are opened back up in about 3-4 weeks time, but it'll depend largely on how this flu thing either becomes contained, we develop a vaccine, or people discover that flu's kill people every year and this is no different. I don't know what propaganda to belive right now, I'm on the fence.
Keep well,
Mike
Keep well,
Mike
sir I started as a carrier in sep 2018 since that time getting offers for way low rates may be new carrier/ may be size of the company and capacity as well could be the reason.. what I have learn if anyone of us accept low bid offer immediately broker will mark you cheap carrier and no matter how great service you want to give broker they will keep you in low range always. so must know the market rates and learn techniques and selection of words is important.
Maybe we should start calling the customers and ask is that's really the rate they are paying to the broker?
One of US brokers was paying from FL to GTA in the morning $1250 USD.. fortunately, he was not able to cover it, and now his rate $2000 USD. who to blame here.. was he trying to make $750 on one load or WHAT.
whatever the case is one thing for sure someone has money to pay on this load. either broker or shipper or 3rd party..
whatever the case is one thing for sure someone has money to pay on this load. either broker or shipper or 3rd party..
30
Onmarst, knowledge is power. Doesn’t matter if you have a window washing business or a trucking company. The more you can learn about your industry, the better you will serve it.
There is a gossip that some US mega carriers have already started to run at a loss just to get through this period. This killed the rates this week as never before. I noticed it for sure.... The brokers picked on it quickly across the load boards too. I remember JBH used to do that periodically but this time it could be different as the scope of the problem is so much bigger. What really bugs me is that there are some claims that the US government subsidizes them as if they were too big to fail. Obviously, the recent failure of Celedon somewhat contradicts this. But, if it is true, the little guy doesn't stand a chance. Can anybody shed some light on it?