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For me all this is academic because it’s not something I’d be interested in. I’m in no need of a dispatcher and I’m making much more than your example of 2k – 2,500 miles a week and $3,500 gross. I supposed for some your example might appeal to them. Eight to twelve percent of my gross sounds extravagantly high for a dispatching service, but I have seen other dispatching services quote similar fees. IMO anybody willing to give up 12% of his gross to a dispatcher needs his head examined. Of course I’m sure you will find plenty of takers. The factoring companies seem to do quite a brisk business and they charge around 36% APR (3% per 30 day period WITH recourse). I guess the best way to sum up my opinion of all this is to end with a paraphrase of the timeless quote by Thomas Tusser… one of P.T. Barnum’s favorites, I might add (just food for thought, since Barnum would’ve loved factoring and dispatch services)… “A fool and his money are soon parted.”
The example i gave is specifc for the Power Only stuff only. We have other carreirs that are running @ 4000 miles a week and some that do local work and are running @ 2000 miles a week. it depends on what the carrier wants.Originally Posted by Musicman
The mysterious lack of credit data I mentioned is for your carrier (BENEATH HIS WINGS LLC, MC-719238) and broker (BHW LOGISTICS INC, MC-735274). BENEATH HIS WINGS LLC filed its MCS-150 with a date of 06/13/2011 showing 18 trucks. It is hard to imagine how in a six month period a carrier with 8 owned and 10 term leased trucks wouldn’t generate a credit report with either Ansonia or RTS. Even fuel cards report credit info, which is how my company has a file with Ansonia with two accounts showing… both Fleet One and TCH, as do all other fuel cards I’m aware of, report monthly to the credit bureaus. It’s hard to imagine running 18 trucks without having fuel cards, but it would be possible. There are a lot of wannabe’s and pretenders in our industry. When I see something that is a red flag, I feel compelled to comment. When I see a company billing itself as an industry leader (per the BHW website) after being in business for less than a year, it troubles me. I’m big on honesty and small on deception. I know creative writing is to be expected, but really, “one of the leading freight transportation providers in the Southeast”? Really? The name of the company “Beneath His Wings” connotes Christian values, and then the opening sentence of BHW’s website is a bold-faced lie. I guess it takes different strokes to float each person’s boat, but I couldn’t sleep at night if I wrote that line. I will admit that the lies notwithstanding, the websites are very well written, and I applaud the skill of the author.For me all this is academic because it’s not something I’d be interested in. I’m in no need of a dispatcher and I’m making much more than your example of 2k – 2,500 miles a week and $3,500 gross. I supposed for some your example might appeal to them. Eight to twelve percent of my gross sounds extravagantly high for a dispatching service, but I have seen other dispatching services quote similar fees. IMO anybody willing to give up 12% of his gross to a dispatcher needs his head examined. Of course I’m sure you will find plenty of takers. The factoring companies seem to do quite a brisk business and they charge around 36% APR (3% per 30 day period WITH recourse). I guess the best way to sum up my opinion of all this is to end with a paraphrase of the timeless quote by Thomas Tusser… one of P.T. Barnum’s favorites, I might add (just food for thought, since Barnum would’ve loved factoring and dispatch services)… “A fool and his money are soon parted.”
You have to remeber, as a Dispatching service, we do what the carrier wants and work within the specs they set up. in your case, i assume your running better then 3500 miels a week and you already have a set shipper you are working with. that is great but few get that lucky. for them we are an OPTION, where we can set them up on good lanes, for good money doing what they want and where they won't be losing $300-$500 a load to a broker or sitting trying to find the next load, or having to call to make appointments. They are able to just worry about driving and getting to the next point.
No this is not for everyone, for some it can mean the difference between losing their truck or keeping it and having money in thier pocket, for others it might mean a way to grow their company without hiring personal in the office and spending more money there. For others it just doesn't work.
and if you have 5 or more trucks the rates are 2% less. So when you figure out what your losing to a broker, or what your paying for 1 office person, it just might work for you or it might not.
