FSC nightmare for loads

[loaders]

Is anyone else wondering why we haven't heard anything back from @Koala ???

Probably because they did find some additional carriers who explained that rates had increased dramatically, especially as a result of increased fuel costs. They then sat down and negotiated a new, mutually agreed rate and everyone went about their business. Some savvy carrier probably ended up with some new business at a rate that he can live with. But hey….who knows?

 

[Rob]

Probably because they did find some additional carriers who explained that rates had increased dramatically, especially as a result of increased fuel costs. They then sat down and negotiated a new, mutually agreed rate and everyone went about their business. Some savvy carrier probably ended up with some new business at a rate that he can live with. But hey….who knows?

Your total disdain of carriers is sure glowing today. Not unexpected but just an fyi.

 

[loaders]

Your total disdain of carriers is sure glowing today. Not unexpected but just an fyi.

Not at all. I am surprised you would assume that. I was simply answering the question as to why we hadn’t heard anything more from this poster. If I am understanding his post correctly, he was looking for some additional capacity to handle increased production. His current supplier had been doing the job for what most people believed was a very low rate. That’s hardly the shippers fault. Getting new rates from new carriers turned out to be a real eye opener for him. Understandable if his current rate was that far below market. However, he was expecting to receive much higher rates and actually said as much “there is room for an increase and I want to pay carriers fairly” . I wish more customers were that understanding. So….some smart, observant carrier identified this potential new customer , reached out to them, sat down and explained where rates are today and hammered out a new, mutually agreeable rate. I am hardly showing disdain for carriers, in fact, I am applauding and congratulating their initiative and determination in securing a new piece of business. Kudos to them, if indeed that is what happened. I wish we had been able to locate this customer and had been successful in obtaining their business. New customers are hard to come by and it looks like someone lucked out and got one. Disdain….hardly, admiration…definitely.

 

[LG12345]

Hi all, so we've been having a dedicated carrier for loads but our production has increased for our product so we are in need of more carriers but with FSC I'm unsure of going rates as I've had decent responses but then some quoting 11k just for ON-BC. INSANE.

Anyone have suggestions as we're paying 6900 currently but there's room to increase as I want to pay carriers fairly for the service. With the 25-33% increase since January/feb to today, I'm thinking an additional 800 that's averaging between the 25-33%. Any insight would be great as I have the room to play a bit with the numbers.

Avg from quotes I'm sitting around 7500-7800 for ON-BC dry FTL (12000 lbs max). Need some insight. TIA

Luisa.gatt@radiuslogistics.com

 

[AgentSmith]

Luisa.gatt@radiuslogistics.com

@LG12345 That is the most succinct elevator pitch I have ever seen

 

[TRC604]

I'm noticing a lot of brokers this week dropping their rates 40-50% on shipments "because the strait of hormuz has re-opened". I'm not seeing a dip that substantial in fuel prices at this point and time but some people will try use that news as leverage.

 

[LrgCar]

I'm noticing a lot of brokers this week dropping their rates 40-50% on shipments "because the strait of hormuz has re-opened". I'm not seeing a dip that substantial in fuel prices at this point and time but some people will try use that news as leverage.

Only works if people take freight for those rates, unfortunately the swamp has not drained enough to prevent that

 

[Jim L]

I'm noticing a lot of brokers this week dropping their rates 40-50% on shipments "because the strait of hormuz has re-opened". I'm not seeing a dip that substantial in fuel prices at this point and time but some people will try use that news as leverage.

Yep, they are the first to complain about the price going up by $25.00 and need 2 months to get it approved. Then somehow, they can demand the price to be instantly lowered before the price is reflected at the pump.

The industry is full of people who buy that line. Let the brokers use the carriers who don't do their homework and take the depreciated rates. The fuel price is not going down for a while yet. That oil has to get moving out of the strait for the price to come down at the pumps. I don't see that happening just yet, at least not on Marine Traffic.

 

[Fr8Guru]

Canada to Canada freight is invested right now

Not even worth quoting it.

 

[AgentSmith]

I'm noticing a lot of brokers this week dropping their rates 40-50% on shipments "because the strait of hormuz has re-opened". I'm not seeing a dip that substantial in fuel prices at this point and time but some people will try use that news as leverage.

Interesting post re rates on reddit.com/r/FreightBrokers on the weekend from u/ambryio

The Iran deal is being signed this weekend. Your rates are not coming down

Your shipper is going to call you Monday morning.

They'll say the Iran deal was signed, oil is down, and they want a rate reduction. They'll be polite about it. Some won't be.

Here's what to tell them.

Diesel and spot rates are not the same thing. Diesel follows crude oil with a 3-4 week lag. If a deal is signed this weekend and WTI drops to $80, you'll see it at the pump in mid-July. That part is real.

Spot rates follow capacity. And capacity has nothing to do with Iran.

This year, FMCSA enforcement removed 1.5 million trucks from the usable pool. 36% of the entire US fleet either has no safety rating or carries a conditional one. Craig Fuller put that number out and it hasn't been seriously disputed. Those trucks don't come back because crude oil got cheaper. The drivers don't come back either. The ACT driver availability index fell off a cliff in April after 43 months above 50. That's a workforce story, not an energy story.

FTR is forecasting a new all-time high for dry van rates by end of July. Deal or no deal.

Anyone already getting these calls today?

https://www.reddit.com/r/FreightBrokers/comments/1u4pj1o/the_iran_deal_is_being_signed_this_weekend_your