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Freight Group

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Welcome to our Community of Logistics Professionals who know that in Freight...there is always more to Learn. A helpful group of Mentors and Mentees

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186 contributions to Freight Group
Cryptocurrency in Freight Shipping
Has anyone in our group worked in a shipping environment where a cryptocurrency was utilized to pay for the shipping of their freight? I know in eCommerce there are a number of sites where you can purchase and pay for the shipping in Crypto. Overstock, Shopify, NewEgg and Rakuten all accept crypto payments for shipping services. I know in Maritime freight the "ccc" container crypto coin was launched on ethereum ledger all the way back in 2018 but never made it to full adoption. But currently in Freight Trucking Transportation is anyone operating in this space? Any carrier planning on accepting Bitcoin or Crypto for payment or having their freight moved on a Blockchain ledger? Anyone have any insight into these developments it would be great to discuss where this is headed in terms of freight settlements in the future.
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New comment 5d ago
1 like • 7d
@Aliu Mateen you are correct. Anybody you can name running shipments on a blockchain at scale yet?
Broker Transparency
Whats your take on the new enforcement of the Transparency rule That a Freight Broker will have to provide their carriers documentation showing the rate the Shipper paid the Broker? Anybody have something to say about this? LOL
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New comment 4d ago
1 like • 7d
@Nancy Hallbauer This has existed for a while but no enforcement. It seems that there is a resurgence in this and there are a number of lawsuits in the system over it but is there anyone who thinks this will actually happen?
3 likes • 7d
@Bill Robinson Yes I own a Carrier and Brokerage as well and understand the transparency but your right these idiot brokers posting insane margins are just pissing everyone off. Wish more shippers were on these platforms...that would teach them! lol
Co-Brokering
Good afternoon EVERYONE! I have a question and am hoping I can get a bit of advice as I am a bit new to the industry. I am an active freight broker, and I randomly received an email from another active broker. Small company asking if I would be willing to co-broker for/with them as an independent contractor. I spoke to the fellow and he sounded like a nice guy but in the day we live in I am always skeptical and trust NO ONE. Sooo, he did send me over his blank co- brokering agreement, SAFER snapshot, and his surety bond. Then he requested I send him my W9, surety bond, and for me to send back signed agreement. What I am wondering is has anyone had experience co-brokering? How do I protect myself from being scammed? I have no big red flags that makes me feel like I am getting scammed I am just always skeptical and feel like there is way to stay protected somehow. Should I make up my own contractual agreement to have him sign? What would you do?
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New comment 1d ago
1 like • 14d
Do you have opposite Freight Verticals? Co-Brokering exists and as I have seen only is beneficial when the brokers are not in the same business. I have a few Co-Brokerage agreements where a broker strictly does 53' dry vans but their clients need final mile capacity (Box Trucks and Cargo Vans) the brokerages I work with don't operate in this arena but I do, so co-brokering makes sense here. If you work in the same capacity, sourcing the same types of equipment and chasing the same type of freight...it is Double Brokering. Broker A primarily sources one type of capacity and has 1000 53' Dry Van carriers Broker B primarily sources one type of capacity and has No 53' dry vans but has 1000s of Box Trucks and Cargo Vans and they work together on shipments this is Co-Brokering. What I have found is most of these brokers that call other brokers for freight are just trying to steel freight by double brokering it.
0 likes • 13d
@Tiffany Lawson I wouldn't sign the agreement until one of you has an actual shipment where on is needed. No advantage to having one in place until one is needed.
LTL
Recently I've noticed a lot of LTL buzz. Personally I've never broken into this world. Sites such as WWEX, Unishippers, GLT, and Uship have always been suggested as a 3PL can get set up and have direct access to carriers on each platform. After having been setup, I have continually found that the rates I was given quite frankly cannot compete with what shippers are currently getting. Understable, you can't win them all, but I mean some rates don't even compare being 100s and even 1000+ difference. How have you guys been able to compete in the LTL world?
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New comment 21d ago
2 likes • 25d
@Tonnie Banks @Lisa Taylor If you are a broker then you probably don't want to use another brokers (3pls) LTL Freight Rates or system unless you become an agent of that system. You can never compete on price. (freightquote, uship, carrierrate) all of them have margins built in so any margin you give yourself to the customer is that much higher than your competitors. There are many opportunities to become an agent though with Globaltranz/WWEX, Priority 1, Unishippers etc. and access good discounted LTL rates, but personally I feel there are also too many drawbacks to being an agent, so I have never gone that route. For the years I have been in business I have had every one of these companies ask me to become an agent for them, but I'm much more competitive price and service wise with my direct contracts (Tariffs). I have better pricing with the LTL Carriers than I can get from these systems discounts. I started in 2012 and the market back then was more suited for a brokerage or 3pl to start up and get good discounted rates with the LTL Carriers. Today though, many LTL carriers shy away from giving new 3pls good discounting, almost punishing them because they go after the same shippers the carrier does.
2 likes • 25d
@Joe Lopez good point, relationships and volume is what can get a 3pl good rates with the LTL Carriers. Chicken or the Egg. which came first. lol
Freight Skool Social Media Blitz Day
Today I am asking each member of our Freight Skool to post about us on Social Media (FB, LI, X etc) Please post a link to our community...and say something nice! lol Here is the link www.skool.com/freightgroup Thank you all!!
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New comment 26d ago
2 likes • 26d
@Lydia Brown Thank you
1 like • 26d
@Lisa Taylor Thank you Lisa.
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Steven Tittle
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761points to level up
@steven-tittle-5230
Logistics Service Provider. I know a lot of people with a lot of knowledge in this industry. USAF Veteran. People call me #PapaFreight

Active 8h ago
Joined Jan 22, 2024
Chandler Arizona
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