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Started By
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Anyone here work in freight brokering?
Posted on 8/25/20 at 10:36 am
Posted on 8/25/20 at 10:36 am
I'm going over some shipping financials and noticed that loads at the end of the month are always much more expensive. I've searched around and can't really find a decent answer as to why. Anyone have any insight?
14
Posted on 8/25/20 at 10:42 am to Ed Osteen
Could be simply the availability of carriers. Basically lots of folks working to make production numbers and ship by months end. More traffic, so fewer open slots on carriers and pricing rises. Just my opinion...
Posted on 8/25/20 at 10:44 am to CptEllerby277
Some clever accountant should invent the concept of a 'fiscal month' starting on the 11th or whatever and clean up on shipping.
Posted on 8/25/20 at 10:51 am to Ed Osteen
I haven’t experienced/noticed that exclusively, but freight is a market, just like any good. It’ll get higher when there is more demand, lower when trucks are looking for loads
This post was edited on 8/25/20 at 10:52 am
Posted on 8/25/20 at 10:52 am to Ed Osteen
Supply and demand
Posted on 8/25/20 at 10:54 am to Ed Osteen
Same company and distance traveled/weight? I haven’t been in the industry for 10 years but back in the day there wasn’t any kind of end of the month quota to hit or anything.
Posted on 8/25/20 at 10:55 am to Ed Osteen
Unrelated to your question but..
Is freight brokering really that lucrative? A friend of friend is in it and he seems to be absolutely killing it.
Is freight brokering really that lucrative? A friend of friend is in it and he seems to be absolutely killing it.
Posted on 8/25/20 at 10:57 am to Ed Osteen
First job out of college was in freight brokering. We would see an increase in volume at end of months if there was an upcoming GRI (carriers increase contract rates by announcing monthly GRI’s). Companies wanted to ship the ocean freight before the GRI would hit and would pay a surcharge on trucking/drayage because of demand increase
Posted on 8/25/20 at 11:02 am to Sterling Archer
Depends what kind of freight I suppose. But generally, it’s a standard job. Guys making gobs of cash typically own their equipment
Posted on 8/25/20 at 11:05 am to JG77056
quote:
Same company and distance traveled/weight? I haven’t been in the industry for 10 years but back in the day there wasn’t any kind of end of the month quota to hit or anything.
Same company, all shipping from PA to south Louisiana. Rates at the end of the month are sometimes double the first week of the month. I'm just really starting to dig into it but it was one of the first things that caught my eye. I guess it could just be as simple as higher demand at the end of the month though. Figured I would ask around in case someone knew something I didn't
Posted on 8/25/20 at 11:05 am to Ed Osteen
odd how that industry from the outside looks like a good driver could clean up but many struggle. I think you are better off driving hotshot in a sprinter van where your operating costs are lower. tires fuel maintenance on big tractors and acquisition cost are to damn high. I have nothing to substantiate this but when a dog groomer can make more money than a vet these days who knows
Posted on 8/25/20 at 11:07 am to ClampClampington
So glad I don't work in Supply Chain anymore.
This is the typical month-end conversation with some kid - "How long are you shipping today? Our truck is stuck at Home Depot and not getting unloaded. I have another truck but they require a premium rate". You can always tell they are lying. Sometimes just for fun I would say yes, and the load still doesn't get picked up.
Just partner w/ some local carriers who will drop equipment. What an awful business truck brokering is.
Unless something has changed, a PA to LA should not be a tough lane, month-end or not. Now a LA to Denver or S. FL would be a different story.
This is the typical month-end conversation with some kid - "How long are you shipping today? Our truck is stuck at Home Depot and not getting unloaded. I have another truck but they require a premium rate". You can always tell they are lying. Sometimes just for fun I would say yes, and the load still doesn't get picked up.
Just partner w/ some local carriers who will drop equipment. What an awful business truck brokering is.
Unless something has changed, a PA to LA should not be a tough lane, month-end or not. Now a LA to Denver or S. FL would be a different story.
This post was edited on 8/25/20 at 11:11 am
Posted on 8/25/20 at 11:12 am to Ed Osteen
I am in the biz. Rates have gone crazy lately, end of the month a lot of companies need to get things off the books. So they are willing to pay more to get things moved.
Posted on 8/25/20 at 11:23 am to fightin tigers
quote:
I'm an importer/exporter
Rawhide?
Posted on 8/25/20 at 11:29 am to Cracker
quote:
odd how that industry from the outside looks like a good driver could clean up but many struggle. I think you are better off driving hotshot in a sprinter van where your operating costs are lower. tires fuel maintenance on big tractors and acquisition cost are to damn high. I have nothing to substantiate this but when a dog groomer can make more money than a vet these days who knows
Good drivers are VERY tough to come by, but the ones that'll truly work hard really can make a very respectable living.
ETA: To the original question I'm also in brokerage but haven't really noticed a massive jumps in rates that correlate to end of the month. Lanes sometimes fluctuate up and down but rarely do we seem rates on lanes just double....unless it's California. California is always a shite show.
This post was edited on 8/25/20 at 11:33 am
Posted on 8/25/20 at 11:32 am to Ed Osteen
Capacity for the carriers.
Posted on 8/25/20 at 11:33 am to fightin tigers
Maybe you should focus on the importing and give up the exporting?
Posted on 8/25/20 at 11:40 am to Ed Osteen
Less capacity available towards end of months. Volume normally increases end of month and end of quarter
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