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  1. #1
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    How do you broker your own loads?

    I have talked to a few teams and some on this site, and they broker there own back hauls out of areas- and don't wait for Panther to get them a load. In orientation they gave us a web site.. but really no step by step instructions. I know the company takes a percent, and you have to get their approval. Can someone break it down, step by step? We would love to learn to do this!

  2. Straight Trucks Solos and Teams
    Nations Express
    Nations Express has an immediate need for single and team tractor trailer drivers and owners! Drive for a company that treats you with the respect you deserve and will get you the miles you want! Nations Express strives to make you a successful truck owner by listening to the driver and owners. We have an open door policy that lets you have a true say in the events and issues facing an owner operator, a fleet owner and drivers today. We Offer: No Forced Dispatch Weekly Settlements Trip Pak and Transflo Scanning Satellite Communications 24 Hours Dispatch Company Paid Fuel Taxes Paid Dead Head Miles Com Data Fuel Card Mileage Bonus Safety Bonus Tire Program Fuel Discounts No Truck Age Requirement Rider Program No Pet Restrictions Paid Cargo Insurance New 53 Foot dry vans And most of all we offer you respect and the chance to become not just a driver leased to a company but a true partner in success!
     

  3. 1,169963,20661,7
  4. #2
    Senior Member nightcreacher's Avatar
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    RE: How do you broker your own loads?

    before you go into the hauling of cheap freight,and thats what you will get with a broker load,ask your self this question,why did I take a load that I will need to use a broker for to get to my next load.if the expedite load doesnt pay you enough to deliver then go to your layover and get to the next pick up,you better think twice before accepting the load,but I guess everyone has their own way of doing things,I just dont do broker loads,oh ya one other thing,while you are on that cheap broker load,how do you take an expedite load you may have just missed do to having that cheap load on your truck.just something to think about

    Owner Opp:
    Roberts Express 1984
    Fedex Custom Critical
    TriState Exp Services
    and now
    Leased to Colonial Freight Systems Inc
    Steve Gilbert
    OOIDA 263839

  5. 2,169964,20661,7
  6. #3
    Senior Member fortwayne's Avatar
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    RE: How do you broker your own loads?

    Having worked with Panther, you get on the getloaded.com site they gave you the password and user name for. You find the load you would like and call the broker. If you like what you hear for the rate agree to take the load and have him fax everything over to Panther. Tell Panther it is on the way via fax to them. They will have to approve the deal first. Make sure the broker places your truck number on the fax where you get the deal. Keep in mind you have to make sure your truck owner would still get his contracted amount after Panther takes their cut and I forget what they take. That is it - pretty easy deal.

    To the other comment about brokers only have cheap loads - that is nonsense. Heck, I am new at freight brokering and I don't even mess with shippers who will not pay the truck (semi) at least $1.65 for a low price. I didn't want to drive for cheap rates why the heck would I broker cheap then?

    I make sure the truck o/o get at least 1.65 even though I will go lower if the o/o is willing to go for less and I will ask more if the o/o will not turn his truck for say $1.95 or MORE!

    So don't corner all brokers in a pile together because some of us don't handle cheap loads - that is why I don't take alot of expedited frieght from some of the carriers on this site -while others are good!



    Fort Wayne


  7. 3,169965,20661,7
  8. #4
    Senior Member nightcreacher's Avatar
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    RE: How do you broker your own loads?

    Fortwayne your in the minority then believe me,and your in a high freight low truck area so you can charge more,oh what is 1.65 after panther gets their cut,cheap to the o/o

    Owner Opp:
    Roberts Express 1984
    Fedex Custom Critical
    TriState Exp Services
    and now
    Leased to Colonial Freight Systems Inc
    Steve Gilbert
    OOIDA 263839

  9. 4,169966,20661,7
  10. #5
    LDB
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    RE: How do you broker your own loads?

    Panther gets 15% of whatever amount you negotiate with the shipper. For that 15% you are covered by liability insurance and operating authority. Compared to other companies that take anywhere from 32-38% that I know of, and others who may take more for all I know, it is a bargain. I use it maybe once a year when I hit a wall after several weeks out and want to go home now not whenever something comes up going that way.

    Leo Bricker, 73's K5LDB
    OOIDA Life Member 677319, JOIN NOW
    Owner, Panther trucks 5508, 5509, 5641
    EO Forum Moderator
    ----------
    Support the entire Constitution, not just the parts you like.
    A wise man's heart directs him toward the right, but the foolish man's heart directs him toward the left. Ecclesiastes 10:2 NASB
    ---------------------------
    It's okay if you disagree. I can't force you to be correct.

  11. 5,169967,20661,7
  12. #6
    18K Member greg334's Avatar
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    RE: How do you broker your own loads?

    "For that 15% you are covered by liability insurance and operating authority."

    Leo,
    Don't you pay for the insurance? and how does the authority fit into this? I am confused.

  13. 6,169968,20661,7
  14. #7
    Senior Member highway star's Avatar
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    RE: How do you broker your own loads?

    The companies insurance will cover the freight and the truck will run under their operating authority, the same as if you were running a load they got for you.


    Livin' the dream
    D unit O/O

  15. 7,169969,20661,7
  16. #8
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    RE: How do you broker your own loads?

    My "real world" experiences contracdict alot of what is written here. Theres two ways to skin a squirrel as theres two sides to every coin. Thinking outside the conventional box can lead to some rather profitable alterantives. I will immediately state that we haul no cheap freight. Anything under $1.40 a mile is only done if theres a family emergency or other such urgent requirements. Brokered loads have provided our two vehicles with a economically sustainable income. During the period of time we were under signage of a major carrier and needed to go out of service to earn an income, we did. That took an outside the box mentality and legal planning. Our vehicle at that time was properly prepared for dual usage. Eventually we made the fulltime switch to independant operators and to this day are doing well working the brokerd freight market along with our own customers. Expedited freight is still a sizeable chunk of our revenue.

  17. 8,169970,20661,7
  18. #9
    LDB
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    RE: How do you broker your own loads?

    Yes, we pay for the insurance however we are only insured when empty or when loaded with Panther freight. If you "get creative" and run something and have an accident there's no insurance and it's all out of your pocket. Also, if you get caught wildcatting you aren't under any operating authority and the feds do all sorts of unpleasant things. Being protected from any of those possibilities is well worth the 15% IMO.

    Leo Bricker, 73's K5LDB
    OOIDA Life Member 677319, JOIN NOW
    Owner, Panther trucks 5508, 5509, 5641
    EO Forum Moderator
    ----------
    Support the entire Constitution, not just the parts you like.
    A wise man's heart directs him toward the right, but the foolish man's heart directs him toward the left. Ecclesiastes 10:2 NASB
    ---------------------------
    It's okay if you disagree. I can't force you to be correct.

  19. 9,169971,20661,7
  20. #10
    Senior Member CharlesD's Avatar
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    RE: How do you broker your own loads?

    I just got my authority, but right now I still get what my carrier can find me and then book my own loads when I get stuck or can't get out of a certain area. I want to transition to running all on my own eventually, but for now that's how I'm doing it. I've had decent luck with www.getloaded.com so far. There are a few broker loads that will pay well enough to be worth your while.


    www.demaristransportation.com

    "And the people who love me still ask me
    When are you coming back to town
    And I answer quite frankly
    When they stop building roads
    And all God needs is gravity to hold me down"

    -Alison Krauss

  21. 10,169972,20661,7
  22. #11
    Senior Moderator davekc's Avatar
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    RE: How do you broker your own loads?

    I find the ones that say there is no money in it, seldom know very little about it. Some are cheap and some are not. You have to know where to look. In a lot of instances, they pay better than expedite.


    Davekc
    owner
    23 years
    PantherII
    EO moderator


    fleet owner
    29 years
    Panther & Load One


  23. 11,169973,20661,7
  24. #12
    18K Member greg334's Avatar
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    RE: How do you broker your own loads?

    Leo,
    I understand what you are saying but let me try to explain what I mean; if you run a good month being loaded 22 days out of the month and then the next month your don't run the truck at all, do they adjust your cost for the month unloaded.

    The reason I asked is that the cost is covered by the contractor regardless if you are loaded or not, or am I wrong?

  25. 12,169974,20661,7
  26. #13
    Senior Moderator davekc's Avatar
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    RE: How do you broker your own loads?

    I think the confusion is between truck insurance and load insurance.
    Depending on where you are shopping, load insurance can be as high as $10,000 a year.












    Davekc
    owner
    23 years
    PantherII
    EO moderator


    fleet owner
    29 years
    Panther & Load One


  27. 13,169975,20661,7
  28. #14
    Senior Member CharlesD's Avatar
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    RE: How do you broker your own loads?

    I have a Sprinter and I got my cargo insurance for $1000. Of course I went through the same company we have the house and car insured with, so maybe we got some kind of discount.


    www.demaristransportation.com

    "And the people who love me still ask me
    When are you coming back to town
    And I answer quite frankly
    When they stop building roads
    And all God needs is gravity to hold me down"

    -Alison Krauss

  29. 14,169976,20661,7
  30. #15
    18K Member greg334's Avatar
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    RE: How do you broker your own loads?

    WOW a $1000, the last time I checked for my van it was $5800 a year and that was without the $1M for hazmat. At that rate, I can insure my truck at $4000 a year.

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