Aug 22, 2017 • Carriers

Truck Freight Rates

Truck Freight Rates

Truck Freight Rates

Before getting into the details surrounding truck freight rates and how owner-operators can find the best one, it’s important to understand what is a good truck freight rate and how are rates determined.

What is a Truck Freight Rate?

A Truck freight rate is simply the price or rate a broker or shipper is willing to pay a carrier to haul a load. Essentially, it’s what you will be paid to haul a load. Our focus here is regarding truck freight rates for owner operators and carriers with authority.

Where Can I Find Truck Freight Rates?

You can find truck freight rates on load boards like Truckloads. Search over three million monthly truck loads and filter your results based on location, trailer type, weight, pick up/drop off date and more. Use Truckloads free load board to view a freight broker’s credit rating, days to pay and call brokers directly from the mobile app to book the best freight rate for you!

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How are Truck Freight Rates Calculated?

Truck Freight rates are calculated based on a variety of factors including the current market conditions, demand levels, overall weight or size, distance traveled and the type of goods being shipped. Certain routes and areas will offer higher freight rates because the supply of loads is so great, therefore the need for carriers will be higher.

Keep in mind that truck freight rates are often set by a freight broker who takes a portion of the total rate a shipper is willing to pay and pays the carrier the difference. This rate is often negotiable and can fluctuate.

If a shipper is sending valuable equipment that is extremely heavy, chances are the freight rate is going to be very favorable for carriers.

Since the truck cargo that needs to be shipped is valuable, there is additional desire to find qualified carriers. Of course, you’ll need to have the right equipment and trailer necessary to haul the specific load.

What Loads Pay the Best Truck Freight Rate?

In order to maximize your earnings, you’ll benefit from hauling loads with the best freight rate as often as possible. Freight rates are typically paid by the mile and can range from $1.50 to upwards of $4.00 or more per mile. Typically, the best freight rate is for flatbed loads but this is not necessarily always the case.

We surveyed over 150 experienced owner-operators asking them what they think are the best freight rates. 59 percent considered $3.00 per mile the best rate for carriers while 32 percent said $2.00 was a fair freight rate.

While these are ideal freight rates for the carrier, they are often times difficult to find in most areas and the volume of freight shipping at these rates can also be limited.

TagsOwner Operators

Trucker Spotlight - Cindy Moore <em>The Trucker Spotlight series explores the lives of truckers and their journey to make a difference in their industry. We interview different truck drivers to understand some life lessons that make them who they are today. We also learn more about their motivations, and the problems that they encounter on the job. We also tackle how Trucker Path's solutions helped them with what they do. The information that they provide helps inform other people who are looking to delve into the trucking world.</em> <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/cm6.jpeg" alt=""] <h2></h2> Today we are putting the spotlight on <strong>Cindy</strong>, who's been driving for around 12 years. She's also called The Flatbed Chick on Youtube where she shares her trucking adventures. Let's get to know more about Cindy and how it's like being on the road. <h2></h2> <h3></h3> <h3><strong>What made you decide to be a trucker?</strong></h3> I became a truck driver out of necessity. I was going through a divorce and needed a steady stream of income and a job that paid enough to support myself without any help and I kept reading about how there was no gender gap in trucking they said a woman could make just as much money as a man. I decided to try it for a couple of years until I could find something better at home and as you can see I never found anything, I’ve been here for almost 12 years. <h2></h2> <h3><strong>What were some challenges that you faced when you started out trucking? </strong></h3> The hardest part for me was getting used to public showers. I know it sounds crazy but it was almost traumatizing to think that every time I needed a shower I would have to use a public space. The other big thing was getting used to backing that 53’ foot trailer, it was very intimidating. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/cm5.jpeg" alt=""] <h2></h2> <h3><strong>In the years that you've been driving, what are the significant changes that you've noticed in the trucking industry?</strong></h3> The biggest thing I’ve noticed is a lot more traffic on the road and it seems like instead of creating more parking for trucks they are closing rest areas and making it harder to find parking. Don’t even get me started on hours of service, they don’t want to ever leave that alone and I’m sure they will continue to change in the future searching for perfection, but we as drivers are a very diverse group and we will never have the same needs. They will never come up with rules that will fit everybody, you may need five hours of sleep and I may need 10. <h2></h2> <h3><strong>Any times when you get lonely while driving? How do you deal with it?</strong></h3> Being on the road for weeks at a time by yourself does get very lonely at times but I have friends to talk to and a few years ago I got a dog to ride with me. She's great companion and brought a lot of joy to my life. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/cm2.jpeg" alt=""] <h2></h2> <h3><strong>What made you start a Youtube Channel?</strong></h3> I started my channel because I absolutely fell in love with this beautiful country we live in and none of my family or friends seem to be as interested in it as I was, so I thought there has to be people out there like me who would love to see the country. Before I became a truck driver I had only seen about three other surrounding states and I had no idea how much I had missed all those years. <h2></h2> <h3><strong>What keeps you busy nowadays? How did the current Covid-19 situation affect your trucking life?</strong></h3> I’m currently pulling a dry van and trying to stay busy. I still love the flatbed and plan on going back in the future but I’m gonna be trying some other things for now. Covid-19 made it difficult to find a job after the contract ended early in Alaska. A lot of the places I called were either not hiring because of Covid-19 or trying to figure out how to do orientation and putting it off for a few weeks. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/cm3.jpeg" alt=""] <h2></h2> <h3><strong>What are your trucking pet peeves?</strong></h3> My biggest pet peeve is rude and aggressive drivers who seem to not value the lives of other people. For example, cars that pass me on the right after I’ve gotten into the left lane because there’s a tow truck on the right shoulder. <h2></h2> <h3><strong>What are your future career plans? Would you continue to be a trucker? Any plans on being an instructor?</strong></h3> My dream for the past several years has been to get an RV and become a travel blogger or full-time RVer, LOL! I still love seeing the country that is the best part of my job and when I retire from trucking I can’t imagine sitting still. I would still want to travel so I think that would be the perfect place for me. I’ve had people suggest that I become a trainer or an instructor at a CDL school but I’m really not sure I would enjoy that because that means I wouldn’t be able to travel anymore. <h2></h2> <h3><strong>What is your favorite feature of the Trucker Path app?</strong></h3> My favorite feature on <a href="http://www.truckerpath.com">Trucker Path</a> is truck-stop reporting I really love knowing what the truck-stop is gonna look like when I get there and if it’s usually full at a certain time then I know that I need a back up plan. <h2></h2> <h3><strong> Favorite Truck-stop? Truck-stop Food?</strong></h3> My favorite truck-stops are the ones that are usually off the beaten path and I love discovering new places to park and new places to eat. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/cm4.jpeg" alt=""] <h2></h2> <h3><strong>What are your must haves or the things that you bring with you when on the road</strong></h3> I guess a very popular favorite among truck drivers is also one of my favorites which is baby wipes. I also make sure I have bottled water, soap, and towels just in case. I wouldn’t ever want to be in the truck without my truckers Atlas and a CB either. <h2></h2> <h3><strong>What's your favorite scenic route?</strong></h3> I’m not sure if I really have a favorite scenic route but Highway 20 through Oregon is at the top of my list. I also love Highway 89 and 191 going down through Utah south into Colorado and there are so many beautiful places out there I can’t even think of all of them off the top of my head. Maybe I should start making a list. <h2></h2> <h3><strong>What are some tips that you would like to share for aspiring women truckers?</strong></h3> I guess the biggest advice I would have for women that are thinking about getting into this industry is don’t be intimidated by it, if it’s what you truly want to do then follow your heart. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/cm7.jpeg" alt=""] <h2></h2> <h3><strong>Where can people watch your videos on Youtube?</strong></h3> They can view my videos on my <a href="https://www.youtube.com/channel/UCGcsdVwlU5mfMXRl7bQXaeQ">Youtube Channel,The Flatbed Chick.</a> <h2></h2> <iframe width="560" height="315" src="https://www.youtube.com/embed/i752gJOJAN8" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> <h2></h2> <em>Got a cool story to share? Send us message at community@truckerpath.com to be featured!</em> <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Aug 27, 2020 • Carriers

GPS Devices for Trucks <h2></h2> <h3></h3> Truck GPS navigation devices are different than the one you might use in your everyday car or truck. The screens are usually larger, sturdier for everyday use, and offer more advanced, but necessary, features truck drivers need to safely and efficiently make it to their destination. Here are some of the most common GPS devices that Truckers use in this day and age. <h2></h2> <strong>1. Garmin dezl 770LMT</strong> <h2></h2> Cost: Approximately $450-$500 <h1></h1> Description: 7” HD screen with glass display. <h1></h1> Features: This trucking GPS navigation unit features a truck and trailers services directory, customized trucking routes, lifetime map updates, weigh station alerts, traffic and weather information, backup camera compatibility, and Bluetooth capabilities for hands-free use. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/dezl.jpg"><img src="https://truckerpath.com/uploads/2020/07/dezl-300x244.jpg" alt="" width="300" height="244" class="alignleft size-medium wp-image-5146" /></a> <h2></h2> <strong>2. Rand McNally TND 520</strong> <h2></h2> Cost: Approximately $400 <h1></h1> Description: 5” display screen. <h1></h1> Features: This trucking GPS navigation unit features updates on weather, fuel pricing, traffic, and travel centers along with assistance tracking fuel and mileage logs. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/mcnally.jpg"><img src="https://truckerpath.com/uploads/2020/07/mcnally-300x227.jpg" alt="" width="300" height="227" class="alignleft size-medium wp-image-5147" /></a> <h2></h2> <strong>3. TruckWayGPS - Model 720 </strong> <h2></h2> Cost: Approx $150 <h1></h1> Description: large 7” touch screen display, with 800x400 pixels. <h1></h1> Features: This trucking GPS navigation unit provides drivers with current and up-to-date maps, 3D maps, as well as free maps for the US and Canada. You can even enter the weight and directions for your truck so you can get the best route for the type of load you’re hauling. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/truckway.jpg"><img src="https://truckerpath.com/uploads/2020/07/truckway-300x273.jpg" alt="" width="300" height="273" class="alignleft size-medium wp-image-5149" /></a> <h2></h2> For many drivers, a GPS unit on its own isn’t enough to give them the information they want or need. Many drivers like to use supplementary apps to ensure they have their location and approach nailed down. Apps like <a href="https://truckerpath.com/trucker-path-app/">Trucker Path</a> offer additional information and features that GPS units simply don’t have (for only $9.99 a month),such as more information on truck stops, best places for truckers to get food, best places to stay the night, updates on whether stops are open, and even ratings from other truck drivers on what these places are like. <h2></h2> <a href="https://truckerpath.com/uploads/2020/07/tpgps.jpg"><img src="https://truckerpath.com/uploads/2020/07/tpgps-300x300.jpg" alt="" width="300" height="300" class="alignleft size-medium wp-image-5148" /></a> <h2></h2> <h2></h2> <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Jul 14, 2020 • Carriers

Freight Factoring Fees [p]Some companies will charge freight factoring fees compounding the actual factoring cost for your trucking company to factor a load. [/p] [h2] Freight Factoring Fees [/h2] [p] Review the fine print of freight contracts and understand the factoring fees that sneaky freight factoring companies sometimes have hidden from the advertised factoring rate. [/p] [p]Freight factoring can be a great tool to streamline your cash flow and grow your business as it eliminates the wait to get paid for owner-operators. However, some factoring companies have contracts with complicated jargon and disclaimers hidden in the fine print. [/p] [h2] Hidden Costs and Factoring Fees [/h2] [p]Sometimes a factoring company will advertise a great rate, far lower than any competitor. It's a perfect scenario for you, right? Well, not exactly. [/p] [p]Those rates that seem too good to be true are typically just that. Although a low rate is optimal, the associated factoring fees that you will incur in addition to the rate can balloon the overall cost for you to factor. [/p] [video id="IBCMtru_QMQ"] [h2] ACH Transfer Fee [/h2] [p]ACH Transfer fees can be issued each time you factor and range from $10 to upwards of $25 depending on the type of transfer or deposit. This cost can surely add up over time and frankly, it's ridiculous for to you to pay a fee just to receive your money. [/p] [h2] Minimum Volume Fee [/h2] [p]Often times a factoring company will require you to commit to factoring a minimum volume of invoices. Failure to meet the agreed minimum amount can result in extra fees or a percentage surcharge. Take into account your typical invoice amounts and calculate if you will have an issue trying to meet the minimum requirements. Keep in mind not all factoring companies have this policy or fee. [/p] [h2] Client's Credit Check Fee [/h2] [p]Although your credit is not taken into account, your client's credit is. The creditworthiness of your client must meet a certain standard for certain factoring companies before they agree to factor your invoices. That's right, some companies will charge you a fee for that credit check. [/p] [h2] Length of Terms [/h2] [p]You might decide to factor for a variety of reasons. Unavoidable circumstances might arise making it difficult to cover your operational costs. Truck repairs are extremely costly and unpredictable at times, especially for owner-operators and having a reliable truck that is fully functional is essential to your business. If you run a small fleet, wages, insurance, and taxes further compound your expenses. [/p] [p]This brings the length of terms to factor into play. Most factoring companies offer three to six-month term agreements to factor with some even require one-year contracts. It's important that you review and consider your options when considering the length of terms.[/p] [p]Be sure to choose the best fit for you. If you're confident that you won't be factoring for an entire year or that you want to explore other options after a few months, you should consider factoring with a company that doesn't have a minimum length of terms agreement. [/p] [h2] Termination Fee [/h2] [p]Let's say you have been factoring with a company for six months now. You have received payment days after hauling a load and it's been beneficial in helping you generate cash quicker to cover your expenses. Now you have ample funds and decide that you don't need to factor for the next few months.[/p] [p]The factoring company won't let you out of the contract because you agreed to factor for a certain length of time. In order for you to stop factoring, you have to pay a fee up to $1,000. [/p] [p]That's ridiculous, right? [/p] [giphy] <iframe src="https://giphy.com/embed/KE58LJF3k8jug" width="480" height="426" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/roger-KE58LJF3k8jug"> [/giphy] [h2] Choosing a Freight Factoring Company [/h2] [p]The list of factoring fees can be costly and limit your trucking company's ability to sustain a stable cash flow. [/p] [p]Before choosing to do business with a factoring company, you should take into account these potential hidden costs and fees in the fine print of a contract. Freight Factoring helps manage your trucking company's cash flow and takes the hassle away from client collections, allowing you to focus on growing your business and hauling more freight. [/p] [p]You shouldn't feel that you are being fleeced by an unusual amount of fees that you weren't aware of or deal with. <strong>Trucker Path InstaPay</strong> is freight factoring that pays you in a day with no hidden costs, fees, minimum commitments or contracts with pages and pages of fine print to sift through. [/p] [button text="LEARN ABOUT INSTAPAY" href="https://truckerpath.com/sign-up-instapay/?utm_source=blog&utm_medium=factoringfeesAug29" width="250px"]

Aug 29, 2017 • Carriers