Whirlwind Express
- Thread starter Wannabe01
- Start date
cableguymn
Seasoned Expediter
telling a guy to run for 4 weeks with out pay is nuts. I am sure it weeds out those who should not be in the truck in the first place.
Visa and I could run for 4 weeks with out pay. I won't do it. Way way way to much $ to be tied up on the hopes of a company with a proven track record of slow pays to pay up when the bill comes due.
Mike99
Veteran Expediter
The 4 weeks in reality is 6...
Running with a company that's spread that thin is going to end badly at some point.
Oh, IMHO of course.
Oh, IMHO of course.
You can threaten to file on a brokers bond to get them to speed up payment. When claims are filed on a bond it doesn't look good for a broker. Now as far as a carrier that pays a driver slow, there is nothing you can really do about that because they are not the broker and do not usually have a bond!
You could sue under a breach of contract if it is the carrier, but that is about it. If nothing else, a letter would speed them up because they may not know how hard you will push the issue.
At the end of the day, I would avoid someone running on this plan unless they pay a very high rate on loads because you in effect are being used as the carriers bank.
If it is "just how they are set up", well.....they probably shouldn't be in the business.
Just my penny in the pond.
westmicher
Veteran Expediter
In my humble opinion, everyone would do better to avoid all slow pay carrier/brokers. Its just a very clear indication of bad things like undercapitalization, poor business practices, poor money management, and unethical business plans.
No matter how you cut it, drivers don't exist to fund carriers/brokers risks of non-payment, slow payment, or any other business costs/risks. We do the job - you pay on time. That's the deal.
Let me throw something else out - if a carrier/broker is having money problems, it may be because they are also a cut rate carrier, which doesn't help any of us either.
It costs money to be in business. It costs even more to be in business properly. It costs us to be driver/owners and it costs carrier/brokers. Let the rates rise to where they should be to fund our collective businesses properly and just say no to those that ultimately harm our market and businesses!
That's why we say NO to slow pay and cut rates! Hooray to companies that understand why!
No matter how you cut it, drivers don't exist to fund carriers/brokers risks of non-payment, slow payment, or any other business costs/risks. We do the job - you pay on time. That's the deal.
Let me throw something else out - if a carrier/broker is having money problems, it may be because they are also a cut rate carrier, which doesn't help any of us either.
It costs money to be in business. It costs even more to be in business properly. It costs us to be driver/owners and it costs carrier/brokers. Let the rates rise to where they should be to fund our collective businesses properly and just say no to those that ultimately harm our market and businesses!
That's why we say NO to slow pay and cut rates! Hooray to companies that understand why!
purgoose10
Veteran Expediter
chefdennis
Veteran Expediter
If you are going to wait 4 weeks or longer to get your money, you might as well do it all yourself with your own authority..then if you have to spilt any ocst, at least it will be what minimal and you can keep the bulk if not all for waiting....
kwexpress
Veteran Expediter
even if you do it all yourself what percentage of the brokers on sylectus take more than 30 days to pay anyway.hell I still have runs out that was completed before x-mass.
it may not be the carrier that has the desire to hold your pay up and I would say more than likely its the brokers holding his up.not really your problem and I would look in another direction.
LisaLouHoo
Expert Expediter
Sure she is. Until one questions where their pay is 8 weeks later (for the 3rd time)...trust me. The tone changes quickly.
Sent from my ADR6300 using EO Forums
chefdennis
Veteran Expediter
kwexpress wrote:
I totally understand, but if you have to wait, at least you are waiting on a larger % of the money....
I totally understand, but if you have to wait, at least you are waiting on a larger % of the money....
chefdennis
Veteran Expediter
rodeehos wrote:
Wow!! Factoring their loads and "STILL" don't pay for 4 weeks!?!?! And slow pay beyond that?!?!?!
Dang....
Id think that someone from the company would be posting here quick with some kind of believeable explanation....
Wow!! Factoring their loads and "STILL" don't pay for 4 weeks!?!?! And slow pay beyond that?!?!?!
Dang....
Id think that someone from the company would be posting here quick with some kind of believeable explanation....
Too many GOOD carriers to go to. If the slow pay issue is accurate I wouldn't waste my time with a carrier that their apparent focus is on foolish game playing.
If you are paying 30,60,90 days and using a factoring company, well, you shouldn't really be in business.
If you are paying 30,60,90 days and using a factoring company, well, you shouldn't really be in business.
This is true. If they are factoring invoices and still paying slow...that's a HUGE red flag. We do have to realize that just because they factored rodeehos' invoice doesn't mean they factor ALL of their invoices, but I still don't like the sound of all this.
It's not the one invoice that I would be concerned about. If your running a lot of freight for them and 60-90 days is common, you could have several thousand dollars on the table. If they are in financial trouble, you could lose every penny of it.
I know I haven't been here much lately, but there used to be a guy here that supposedly run the office. He said so himself, but haven't seen any posts for him in a while.
I talked to them about 2 years ago they said 30 days minimum pay. I said no thanks.
I talked to them about 2 years ago they said 30 days minimum pay. I said no thanks.
cableguymn
Seasoned Expediter
If they have a lot of freight, and keep you moving, it won't take long for them to dig a very deep hole with you.
I won't wait 30 days for payment on much of anything.
If I used a factoring company on my receivables, I wonder what that company would say to a invoice for WW......
I won't wait 30 days for payment on much of anything.
If I used a factoring company on my receivables, I wonder what that company would say to a invoice for WW......
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