Why Do Big Trucking Companies Broker Out Some Loads?

Why do big trucking companies broker out some loads?

Years ago, I was dispatched a load that my employer booked through a large carrier. I was 350 miles from home on a Friday morning. That load was my ticket to dinner with the family. BUT NO! That load of scrap-paper bales was already on a trailer. Somehow, the weight of the scrap and the … Read more

Find Better Paying Truck Loads Through Forecasting

Find Better Paying Truck Loads Through Forecasting

Find Better Paying Truck Loads Through ForecastingThis week we’re talking about forecasting, load boards and making more money in your trucking business. If you’re an independent owner operator, you already know about load boards. And who doesn’t want to make more money? Want a 24% raise? Keep reading.

What Is Forecasting?

Before we dig into forecasting, let’s look at budgeting so we can understand the distinction. Dictionary.com defines a budget as ”an estimate,  often itemized, of a given period in the future.” Pay attention to the last three words, in the future. Many people track their income and expenses and call it a budget. Although tracking both income and expenses as they happen is a fantastic habit to have, it’s not a budget. 

Your budget in business is just like your budget at home. You budget for a given future period in order to tell your money where it’s going before you’ve received it, and to make sure all your expenses are covered. The baseline of a good budget is a recorded income and spending log you’ve created. If you haven’t logged your income and expenses yet, start now. It’s a baseline for your financial success.

Forecasting goes beyond better paying truck loads. Forecasting is all about cash flow. It’s more of a decision making and action plan to help with future growth. Both income and spending can be targeted in forecasting. The bulk of the articles you’ll read on forecasting will refer to the next year, or even 5 years. Those are geared for larger companies and often responding to debt management, loan securement and answering to shareholders.

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Trucker’s Edge Pro, Home On The Road

Trucker's Edge Pro

Today we will be talking with Todd Kalhar from DAT®. Todd joins us to talk about two new things. Trucker’s Edge Pro, and Trucker’s Edge 2.0. These two items bring owner operators more money-making tools and an easier user interface. Okay! No more techy words. An easier user interface simply means that Trucker’s edge is … Read more

3 Steps To Using Broker Loads To Find In House Freight.

Trucker's Edge Flyer

Find In-House Freight For Your Trucking Business If you want to find in-house freight for your trucking business, those brokered loads are a great way to get started. After all, you already have a feel of how that customer does business, and what’s important to them. You know if they hold drivers up for hours, … Read more

How To Get Higher Paying Loads

dat-truckersedge-logo

Want to know how to get higher paying loads? Who doesn’t? What prompted this post was a phone call from a friend. He took a load that paid $700. While signing paperwork with the shipper, he saw the original fax sheet from the broker. The shipper paid $1,200 to have that load covered. My friend … Read more

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