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Originally Posted by turbotransit
First off I should have known we would not see eye to eye because your from Marion and I am from West Frankfort.
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No, I am from the Chicago Burbs. I bought property here a few years ago and live in Marion.
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Originally Posted by turbotransit
I ended up running the brokerage because I am very good at finding and selling freight that is profitable. Unfortunately I could not sell enough freight to keep it going, even though I was writing around $300K a month in gross myself with an average profit margin of 29% to keep up with his bookkeeper who stole almost 500k from him.
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You're actually going to brag about averaging 29% profit on your brokered loads... on a board populated by owner operators... really? I don't begrudge anybody any profit they've made. If you were able to find suckers to haul your freight for such a low rate that you were able to put 29% in your pocket, shame on those carriers. Not many others on here have that same view, though. Most folks on here think a broker pocketing more than 10 - 15% should be jailed or worse.
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Originally Posted by turbotransit
You know you must really have the smallest shlong in the world to get this riled up over me simply asking for a sample copy of a lease. I like to do my research before I jump in, so who better to ask then other drivers. I figured I would get some decent input.
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No, you were looking to steal the work that somebody else paid for. You specifically stated you wanted something you could "modify to suit" your operation. That is theft. I happened to read your pathetic post at a time I had a couple weeks off and not much to do.
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Originally Posted by turbotransit
I mean seriously I was taught how to move Heavy Haul from the drivers who pulled my loads. Unlike a lot of brokers, I actually know how to move it correctly and profitably for both me an the carrier.
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With you pocketing 29% and your carriers making a good profit, your shippers must've really getting screwed by you. Maybe that's why some of them decided to not pay you. They figured out just how badly they had been ripped off.
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Originally Posted by turbotransit
As far as my freight broker training programs, I would really love you to start talking smack about it. I am the best in the country. You will soon see how good I really am. I like to sleep at night. The people I train will actually learn the business correctly if they apply themselves.
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A guy with no conscience or integrity usually does sleep well.
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Originally Posted by turbotransit
Now as far as paying carriers and credit etc. Ansonia credit reports suck. Core Logic is much better followed by Trans Credit. Credit reports are often flawed because of poor reporting and personal vendetta's through self reporting etc.
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All credit reporting agencies have flawed information. Many businesses don't report at all and many only report to one bureau. You also left out RTS. I used Ansonia because I can run those for free and I had no intention of wasting a penny on you.
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Originally Posted by turbotransit
Now I will tell you that I am averaging 49 days to pay, this is actually very good because we were at 81 days for about 5 months.Thats right we were paying very late. This tends to happen when a lot of shippers do not pay there bills on time or at all, and a trucking company you lease on takes you for $40,000.
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It tends to happen when you make commitments that you cannot keep to carriers. This gets back to the integrity issue, which seems to be a recurring theme with you. Are you telling new carriers that you sign up that even though your contract states "payment in 30 days" which I'm sure it still does, that they can expect to be paid in 49.... if they are lucky? I'm sure you're not doing that because you'd not be able to get anybody to haul a load for you. Your website says you pay immediately. Your contract probably says "payment in 30 days" and yet you are proudly boasting to me that you now paying in 49 days. What is even more pathetic is that you seem to be oblivious to the fact that you are lying on your website and probably lying to your carriers.
If I booked a load with you, which from your credit profile alone and your cheesy website I'd NEVER do, I'd negotiate a rate with you based on the expectation that I'd be paid in a timely manner. When you don't pay when you are contractually obligated to, you put the business you owe at risk. If you say you will pay in 30 days, you damn well better be able to do it no matter who screws you over. Just because you didn't get paid, that is no moral or legal excuse to pay your accounts payable late. Maybe I'm a little hypersensitive to this topic because I had an account last year go 150+ days on $34k. They still owe me $8k 210 days out. Guess what? I still paid every single bill I had on time. Was it easy? No. But I made a commitment to my creditors and I made sure I kept my word. YOU on the other hand, seem completely unconcerned about what you're doing to your creditors (carriers). You're actually crowing about it.
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Originally Posted by turbotransit
Even the best freight broker can take a hit. I did in 2010. I took a $300,000 hit with non paying and scandalous shippers and trucks. Am I whining? No! Am I out of business? Not yet. Not if I can help it!.
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Not as long as you can sucker new carriers in to pull your loads. As long as you can keep the factoring companies (who most certainly DO report to credit bureaus) paid in a relatively timely manner, I guess it's "all good," huh?
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Originally Posted by turbotransit
So I sold a few trucks, I only got two left now.
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Ummmmm.... your MCS-150 filed in June shows only one truck. You started with one, rapidly expanded and then had to sell them all within just a few months? Really, and you'd actually admit to that?