In an industry that is becoming increasingly digitized, customization is king. Brokers with the capacity to meet their carriers exactly where they are are more likely to keep them in their network, ultimately making the relationship more fortuitous for both parties.
Customizable payment programs – like HaulPay by ComFreight – offer brokers the opportunity to pay each carrier on a schedule that works best for them. Custom payment options allow brokers to offer quick pay when necessary while still utilizing standard payment methods in other situations.
“We approach each client with a custom-tailored approach to support them in their payment needs and to solve each client’s problems respectively,” ComFreight CEO Steve Kochan said. “Customization includes the ability to provide white-labeled payment experiences for both carriers and customers while also automating payments to factors.”
Josh Holtom and Glenn Deweese, of freight broker World Options, said ComFreight’s HaulPay offering has been an integral part of streamlining its operations and growing their business from the ground up.
“We want to be able to grow [World Options] as much as we can,” Deweese said. “ComFreight handles all the billing. Since we are a new broker, it is important to make sure our carriers get paid quickly in order to build our network.”
Offering various payment speeds to carriers enables brokers to enhance the carrier experience, leading to greater loyalty and flexibility, according to Kochan. This is especially important when brokers are newer to the market and are working to build a new network of relationships and immediately gives them a competitive edge to larger counterparts.
The perks of using a system like HaulPay do not only apply to brokers, though.
“Carriers are also able to manage what payment speed they want to get paid at and can self-manage their set payment terms, without requiring direct management or time from the broker,” Kochan said. “This is also available on the broker’s customer side. Meaning the broker can offer various payback terms to customers, leading to more flexibility in terms without sacrificing the broker’s credit history and payments to carriers.”
When a broker uses a customizable payment program, carriers and shipper customers get flexibility without the broker having to risk its own credit while improving the experience for both sides of the transaction. ComFreight is able to finance payments without the traditional trappings of factoring programs and can even absolve the broker of the risk of chargebacks or non-payments due to credit issues with their shippers.
“ComFreight began as a load board, but after talking to both carrier and broker users about their other big challenges we realized that payments and credit terms automation was the area we needed to focus on and have been quietly developing a product and API to solve these issues for several years now,” Kochan said.
A huge percentage of the revenue collected represents the nation’s freight bill. This means, trucks play a crucial role in people’s lives and the economy as well.
The new trucking industry trends can only be expected to allow the industry to contribute more.
The trucking industry has also undergone several changes. These changes have greatly affected the way the industry operates, its overall productivity and development.
Though new regulations imposed some of the changes, others were influenced by the economy and technology.
Here are some of the new trucking industry trends that you are most likely to see:
1. Growth in Technology
Technology has improved over the years, and this has caused a lot of changes in various industries. The trucking industry, too, has not been left behind when it comes to growth in technology.
Trucking companies are today adapting technology trends and using different software programs to ensure an efficient and streamlined operating system.
Having integrated systems, for example, ensure quick pay and smarter invoicing, and this automates workflow.
The trucks today are also equipped with better technology that improves the functionality of the vehicle. Tracking orders is a concept that is helping trucking companies to keep track of customers’ orders, and relay the same information to the customers. This also ensures better customer service delivery.
2. Reliance on Data Analytics
Data analytics is an essential tool that businesses all over the world use. It has helped in boosting the impact that companies have. Trucking companies have also realized the importance of relying on data analytics. In the coming years, this is yet another trucking industry trend that will greatly change this industry.
This trend is being applied to the corporate world and the trucks, and it can be used to identify areas that need improvement so that the operations can run more efficiently. With this, trucking companies can examine, analyze, and also interpret customer trends.
Studying the data collected also helps companies make better decisions like manufacturing issues, the risks, cost of tariffs, logistical requirements, and more.
In 2019 alone, almost 800 U.S. based trucking companies filed for bankruptcy. This was as a result of harsh market conditions that led to several companies choosing to close down their businesses rather than merging with other companies.
To ensure that they do not go under, trucking companies are more likely to merge with other companies if the market remains as it is.
When it comes to mergers, trucking companies have two options. The first is to merge with another trucking company so that they can pool their resources together, and keep operating.
The second option is that the company can also merge with a company from a different sector so that it can provide a wide range of services. This will help the trucking company stay afloat until the market stabilizes.
4. Influence of E-commerce
The e-commerce industry has also grown over the past years. People today buy a lot of products online, thus contributing to the growth of eCommerce. It is no surprise that this is a trend that has made its way to the trucking industry.
Online stores depend on trucking companies to deliver goods to the consumer on time. Therefore, as the e-commerce industry grows, it will transform and improve the trucking companies as well. With e-commerce expected to grow even further in 2020, you can only hope that the trucking industry will record significant growth too.
The growth of urbanization is also most likely to influence the trucking industry. The country has experienced development, with rural areas being converted into urban areas. Such changes transform the trucking industry positively.
Urbanization will ensure that trucks can quickly and easily get to the parts of the country that they were not able to get to before. This will also widen their reach and scope and allow them to increase their customer base. In the long run, companies will be able to make more money.
The once-rural areas will also be able to have all the facilities that urban areas enjoy, and this will add to the growth of such towns.
6. Change in Production Locations
Several trucking companies have maintained their production location for a very long time. However, companies are now considering getting newer locations so that they can conduct production operations more effectively and also be able to meet the demands of their current customers.
This trend is not exclusive to the trucking industry. It is something that will spread across the freight and transportation industry. This is because of the need to provide better services to the customers and meet the demands of the consumers.
7. Changes in Prices
Truckers operate at relatively low prices. Their prices are far less than that of the average American. This has been influenced by the lack of jobs and the financial status of trucking companies.
The companies charged less over the years so that they can get work. This trend is likely to change with time.
If the market continues to decline, the companies might be forced to charge even lower than before, but with positive growth, the prices can go back to what they were before the decline. Whichever way it goes, there is going to be some significant changes to the prices that the companies will charge for their services.
Lookout for These and More Trucking Industry Trends That Will Change the Trucking Industry
It is quite clear that over the next few years, there will be a significant transformation in the trucking industry.
With these are more trucking industry trends expected to influence this industry, one can only hope that truckers will experience more growth. These trends will alter how trucking companies function.
Are you looking to streamline your business, automate your workflows, or ensure a faster payment system? Visit our website and check out our services. Sign up for free or get in touch with us for more information.
Whether someone is a truck driver, RVer, or is just someone who likes driving around and across this vast country of ours, chances are that they have been drawn to and been charmed by the mysterious allure of the truck stop.
Truck stops are a very American invention. Each one serves thousands of people each day. They offer food, gas, camaraderie, and a wide variety of other services.
Our Favorite Truck Stops
If you’ve traveled the United State’s famous Eisenhower-era interstate highway system, you have likely stopped at a number of these institutions in your journeys. As a long-distance or even local trucker, you have probably visited some of the same truck stops time and time again.
Surely, you have a favorite or two. Each one is similar, but they are all different and unique. Location, services, employees, and clientele will differ from place to place. Some are clean; some are dirty. Some are enjoyable to visit; others you only stop at in dire emergencies.
They’re everywhere. Truck stops exist in every state in this country and onward into Canada, too. It’s hard to narrow the best to just a few, but we’ve compiled a list of some of our truck driver’s favorites here for you.
Read on to learn about these great highway stopping points. Make a checklist, and try to hit them all. Each one is a gem.
Our Country’s Best Truck Stops
There are hundreds if not thousands of truck stops in the United States, but here are ten of the very best of all of them. Some of these are the best because they are just plain great. Others are the best due to history, decor, theme, or additional services offer.
Regardless of the reason for its fame, you can’t go wrong with any of these stops as you make your way along the open road.
This truck stop not only includes a hotel, a gas station, truck service, and several restaurants, but it also offers live entertainment on weekends in its Ponderosa Lounge and Grill. Dance lessons are also offered there, and the truck stop’s movie theater shows first-run films for only $6.
2. Stage Stop; Boise, ID
The Boise Stage Stop first opened as Regina Store in 1891, making it one of the longest-running businesses in Idaho and the oldest stop on this list.
There’s a gas station, store, showers, and an arcade here, along with a laundry mat, small movie theater, and restaurant that features online ordering for those who want to pick up and eat on the go.
3. Whiskey Pete’s; Primm, NV
Whiskey Pete’s is located on the border of California and Nevada and opened in its current form in 1977. The modern founders wanted to give California residents an opportunity to gamble at their casino without having to go too far into Nevada. It achieves this and offers a lot much more.
The hotel has 177 rooms and a pool. The complex features four restaurants, a casino, sports betting, and a gift shop. The car in which Bonnie and Clyde were shot to death is on display in the lobby.
4. Little America; Little America, WY
Little America of Wyoming was the first location of this chain truck stop to open in 1934. It is very clean and friendly and includes a 140 room hotel, a truck repair center, sixteen fueling islands, seventeen private showers, and a driver’s lounge.
The deli and convenience store are open twenty-four hours, and there’s a laundry mat and a U.S. post office on site.
5. Johnson’s Corner; Johnstown, CO
Johnson’s Corner, located on I-25 in northern Colorado, is famous for the on-site bakery’s World Famous Cinnamon Rolls. People come from miles around to try them. Fortunately, they also sell them online with three day FedEx delivery, but it’s just not the same.
The restaurant also has fantastic, home-cooked style food. There’s no hotel on-site at Johnson’s Corner, but there is a chapel, showers, laundry, and a banquet room that can seat and serve up to eighty people.
6. Sapp Bros; Odessa, NE
There are seventeen Sapp Bros locations on I-80, but this one in Odessa is one of their oldest. This truck stop chain is clean and fresh and offers perks like 24-hour roadside service. You don’t want to miss their tasty Apple Barrel chain of restaurants.
7. Trail’s Travel Center; Albert Lea, MN
This Minnesota travel center and truck stop has a lot to offer but is most memorable for its Viking theme. The Skol Tavern is just one place you will enjoy Viking decor as it is visible throughout the center.
Trail’s Travel Center also has a hotel on-site and a fast-food court with a variety of offerings. There are over 300 truck parking spots, a laundry, free WiFi, showers, a movie theater, and a chapel.
8. North Forty Truck Stop; Holladay, TN
The North Forty Truck Stop is known best for its on-site restaurant that serves its excellent American diner cuisine twenty-four hours a day and three hundred sixty-five days a year. It opened in 1982. There is also a deli and store on-site and a traditional truck stop style gift shop that has a little something for everyone on your list.
9. South of the Border’s Pedro’s Truck Stop; Hamer, SC
South of the Border is a little ridiculous, but that’s what makes it so great. This is a tourist trap of the greatest caliber and there is a lot to see and do. The main facility offers a wide variety of photo-ops along with an observation tower shaped like a sombrero, amusement park rides, an arcade, many gift shops, four restaurants, and a hotel.
The truck stop here has everything a trucker would need, including showers, fuel, repairs, a picnic area, coffee—and is open twenty-four hours a day.
10. Iowa 80; Wolcott, IA
Iowa 80 is the World’s Largest Truck Stop and you will be amazed at its size every time you stop in. It has been open since 1964, and it just goes on and on inside. It has several restaurants in a food-court format as well as an always-open, sit-down, diner-style restaurant, a dentist, a barbershop, and a chiropractor on site.
There is also a dog wash, a library, a movie theater, a lounge, a workout room, several gift and supply shops, a truck wash, a trucking museum, private showers and more. It boasts over 900 truck parking spots.
Their yearly Trucker Jamboree is a trucker festival that includes rides, live music, contests, fireworks, and games. It takes place one weekend in June and attracts truckers from all over the United States.
Keep on Truckin’
Truck stops and truck stop culture is a wonderful part of America. There are so many amazing places to visit in this country and truck stops are just the icing on the cake to visit along the way. Try to check out these truck stops on your travels and let us know if there are any favorites of yours that we forgot.
If you’re looking for more information about trucks, truckers, and trucking, check out our blog for more great articles.
We recently had a chance to connect and talk further with one of our current clients who has built a fast growing trucking company off of HaulPay and ComFreight.
Andre, Cheif Operations Officer of BANQUETIL says the company has grown leaps and bounds and he wanted to share with the rest of the world and the trucking community a little bit more about their story and how we were able to help. Thanks, Andre! We’re happy to help you succeed now and into the future!
Respect the Hustle… A code that those who earn a living from the streets look forward to, more so those who spend hours on these paved roads driving for miles on end, crossing state lines as we move loads from one place to another. In the trucking world whether you are an owner-operator or small fleet owner its comforting to have a reliable way of accessing your hard earned cash…quickly.
The introduction of COMFREIGHT and HAULPAY came in March 2018. It took a few seconds to download the app and sign up. The friendly and professional staff made establishing the relationship for BANQUETIL smooth and hassle-free. We are proud to say that BANQUETIL has taken full advantage of the free load board booking 90% of loads hauled in recent months. Using the board and rate trend tools, in a time where freight rates and fuel cost are constantly fluctuating, we have successfully managed to stay above average of the suggested weekly gross earnings for trucking companies.
The numbers speak volumes, and while others may enjoy similar success with other factoring companies BANQUETIL takes this opportunity to extend heartfelt thanks to the management and staff of COMFREIGHT and HAULPAY for the assistance and support we received over the last months. This support has powered BANQUETIL to establish and deliver a quality hauling service to our customers.
If you own a trucking business, then you may have dealt with the challenge of hiring high-quality candidates. In today’s career world, it’s not unusual for employers to struggle when searching for the right employee for the job.
As a business owner, you can attract a larger pool of applicants when you focus on the positive aspects of the position you want to fill.
The life of a trucker isn’t for everyone. But, there are plenty of reasons that many people choose this career.
Among Canadian men, “truck driver” is the most often cited occupation, according to Truckinfo. In the United States, approximately 3.5 million people work as truck drivers.
When hiring, you have to share a realistic job description, while pointing out what makes the work worthwhile.
Read on to learn what you should share with your potential employees about a career in the trucking industry, and the life of a trucker in general.
1. Independence Defines the Life of a Trucker
Many drivers love the freedom that their job provides.
There is no one looking over their shoulder when they are driving a truck. They won’t be confined to a cubicle, warehouse, or crowded office.
Truck drivers can stop for a break when needed, roll down your windows and breathe the fresh air, or turn up the radio tunes and sing along without anyone around to interfere.
Life on the road is great for people who don’t need much supervision to stay motivated and whose job satisfaction doesn’t depend on socializing with others. That said, there are plenty of opportunities to chat with people along the way. Truckers tend to encounter a lot of interesting folks on their routes.
2. High Earning Potential
In 2015, the median salary for a truck driver was around $40,000 and for drivers of private fleets, such as those working for Walmart, the median salary was $73,000, according to a report by CNN News. Around the same time, the average median net wage for Americans was $28,031, according to My Budget 360. On average, truck drivers earn at least $10,000 more than the average American worker.
Over the several years, the shortage of truck drivers has caused truckers’ salaries to increase 8 to 12% each year. As a truck driver, there’s the potential to earn a high-paying salary with a relatively short period of job training. Due to the shortage, pay has consistently remained above average, especially for workers without a college degree.
3. Employer Benefits
Most trucking companies offer employees competitive benefits, including valuable perks such as health and dental insurance, retirement plan options, as well as paid sick time and vacation time.
For many employees, benefits can be a major selling point. The high costs associated with obtaining things such as personal health care is often one of the reasons that employees consider full-time work in this industry. For a family, the savings that insurance benefits offer can easily add up to tens of thousands of dollars or more.
4. Long Hours Away From Home
Despite the fact that it’s not uncommon for truckers to make over $100,000 per year, the stakes may be too high for some.
In a recent article published by the Washington Post, truck drivers cite time away from home as one of the hardest things about the job. Some of the workers interviewed blame their time on the road as the cause of their divorce and some felt their job kept them from being available to their kids over the years.
This is an important aspect of truck driving that may impact an employee’s decision. People with family obligations might be uncomfortable with the amount of time they will spend away from home. While this might deter some from taking on the job, it can benefit company owners, as well as drivers, to disclose this information prior to entering into an unfavorable work agreement.
Men and women who do not have family commitments might find the industry more appealing than those who have others depending on them at home.
5. Truckers Get Paid to Travel
People that enjoy traveling to unique destinations and cities may find that truck driving is the perfect work opportunity.
Truck drivers have the chance to see sights in cities, towns, and along highways all across the country. In some cases, they may even have routes that include territories spread all over North America.
6. Flexibility and Job Security
Due to the shortage of truck drivers combined with long periods on the road, companies tend to offer employees flexible options whenever possible. Some workers may be able to choose from a variety of locations, have a choice in working hours, and more.
In addition, competent truck drivers enjoy solid job security. They often have a wide range of companies who are constantly recruiting dedicated workers, in the event they decide to change jobs within the industry.
Looking for Advice to Boost Your Truck Driving Business?
If you want to find out more about what it takes to run a successful trucking business, we can help.
Our freight matching marketplace covers a wide range of services. We offer professional assistance to trucking companies interested in finding bids, loads, and getting paid.
Our professional expertise extends beyond the life of a trucker, to cover the details of the industry that company owners have to deal with.
If you’re looking for a professional partner that you can trust, and is committed to helping companies like yours advance, we have what you are looking for. Contact us today to initiate a conversation!
Some great news is here for produce and agricultural carriers. Now, these carriers can ignore the hours of service regulations along with ELD requirements (electronic logging device) while they are within 150 miles of a shipper or receiver. The new update and guidance released by the FMCSA on Thursday, June 7, 2018 will be in effect for the next 5 years to start. This is great news for produce and livestock carriers.
What this means for Carriers with ELD
This practically means that when a carrier is within 150 miles of picking up or dropping off an agriculture load, that they do not have to comply with the ELD or related HOS regulations, making it much less stressful and cumbersome to handle these loads.
This is sure to help when there are multiple stops, additional wait time or movement needed in and around docks when hauling ag loads.
This is welcome news, as many produce companies were feeling the pinch of crammed docks and additional detention time, among other issues that arose when the ELD mandate took full effect on April 1 of 2018.
Issues with livestock transportation was also a factor that helped to move the needled on the update from the FMCSA.
Are there more amendments or updates to the ELD regulations yet to come? Keep your fingers crossed. It seems as though the shippers helps pushed this update over the top but continue to stay active in your trucking groups and communities.
Excerpt from the FMCSA site:
The HOS regulations do not apply to the transportation of agricultural commodities operating completely within the 150 air-mileradius by for hire or private carriers. Therefore, work and driving hours are not limited and the driver is also not required to use an Electronic Logging Device (ELD) or keep paper logs. In an operation where a driver uses a vehicle equipped with an ELD, a driver that is exempt can use an “Exempt Driver” account or annotate the time as exempt ag operation
Read the full update
We recommend carriers review the full guidance provided by the FMCSA on their website at this updated FMCSA link here to get completely up to speed on the details. Staying compliance saves you time and money in the end.
We’ll continue to try to help you with invoice advances and finding more business in the meantime. Stay tuned for more as we try to keep you up to date on relevant industry news.
Digital freight factoring is a new way to request, manage and service payment advances. It automates purchases of freight invoices. Digital freight factoring is superior to old-school freight factoring in several ways:
Instant digital payment requests
Digitization of backup documents
Digital updates on payment status
Faster payment processing
Faster accounts receivable
Haul Pay – Digital Freight Factoring & Quick Pay
We realized just how much more factoring and quick pay clients could benefit from a fully digital experience. We built Haul Pay to ensure the best possible freight payment experience. Haul Pay reduces the time to manage and get payment advances.
Haul Pay is currently offered to owner-operators and trucking companies (carriers) through our web app and an available free mobile app. We included our open source load board to help you find loads. Payment requests can be make in the app in seconds and documents are digitized. This makes tracking payments a breeze.
Invoices are automatically generated for you. This means you don’t need to worry about providing an invoice to factor a load or request an advance. We generate that for you. You just upload/attach a copy or image of the rate confirmation and BOL.
What are the core client benefits of Haul Pay?
Fastest possible payment processing
24/7 Mobile and web payment requests
Get push, text and email for payment status
Same day and next day payment options
Get instant payment advances at pickup
No extra fees, large reserve or long term contracts
Haul Pay enables carriers to get the lowest possible non-recourse and recourse factoring rates. Haul Pay provides the best peace of mind for credit and accounts. We include free software that can integrate with your accounting tools. The web app even lets you pull reporting and track payment history from any device.
Is Haul Pay only for carriers and owner-operators?
A new broker program is currently in the works. This new program will enable brokers to offer quick pay. There will be two options for the program and they will enable brokers to offer quick pay to their carriers. This program will ensure brokers maintain a competitive advantage and are able to service their carriers with the fastest possible payments for freight invoices. If you’re a broker and are interested in offering your carriers quick pay send us an email today at [email protected]
Stay tuned for more updates on Haul Pay and digital freight factoring here on our blog.
We look forward to extending more credit and the fastest payment options as we continue to expand our technology here at ComFreight.
A load board is a great solution for any trucking company or individual trucker looking to supplement loads.
Over 70% of all freight tonnage moved across the USA is moved by truck, so there’s always work out there.
But how do you find customers and take on that work?
You don’t want to be hauling half-full trucks for half the price when you can fill up your fleet to the brim and make far more money.
If your core customers aren’t shipping enough to fill up your truck, a load board could be the solution you’re looking for.
In fact, it doesn’t matter whether you’re a carrier or looking to ship goods. There are great benefits to using this type of board on both sides of the equation.
Find out why you should be using one all the time to make your life easier and more profitable, right here and now.
What Is a Load Board?
A load board is an online digital marketplace where shippers list their goods, ready for truckers to haul.
Truckers make offers to the shipper, using an account registered on the online system for their business. Or it can be the other way around – we’ll explain a bit more about how this works below.
It’s a great way of your maximizing revenue per trip ratio. By filling up your truck with a second load, you’re receiving more cash – rather than wasting time and gas on trips which only feel like they’re partly worth your effort.
Alternatively, you can find specific jobs by telling the world how far you’re willing to drive and how much you can take at once.
Some boards have extra benefits which allow you to get paid much faster. In fact, our Haul Pay freight factoring system means you can get paid immediately after you deliver a load.
You won’t be waiting for your invoices to clear.
This is great news, as your cash flow won’t freeze up. If you’re an owner-operator especially if your business is relatively new – you’ll know how important cash flow is.
So why wait?
Get paid right away with Haul Pay, with no hidden fees – unlike some other freight factoring operators.
We operate this system on a low 3.5% flat fee rate per load, and free next day payments, you won’t have the stress of chasing clients for payments to keep your business running.
I’m a Carrier
Looking to supplement loads?
Log in to your chosen load board and post about your truck. You can tell other users how much space you’ve got and where you’re driving from. Plus you’ll specify the weight limit you’ve got available, so that only shippers with suitable loads get in touch.
Enter your upcoming destinations, and post a radius you’re willing to travel to pick up or drop off any other extra loads. And you’ll set a rate you think is fair, which can be negotiated by shipping companies looking for a truck.
Or, rather than posting your truck and asking shippers to come to you, you can search shipping listings instead.
This way, you can narrow down local options which are convenient enough for you to visit en route to your destination.
You then bid against other truckers to grab the job.
While it’s competitive, there are many shipping jobs available on most days. And new jobs are posted all the time. This means that the chances of grabbing a decent supplementary load for your main haul and increasing your income is high.
With the number of trucks and truckers on our roads steadily increasing each year, finding work easily is a real blessing.
Our system even provides gas and revenue estimates to help you assess whether a job is worth a detour or not.
I’m a Shipper
Load boards are used by shippers to advertise their loads. And to agree prices with haulage truckers to take these loads to their destination.
All you need to do is post the basic information about your load; weight, length, and the required delivery date.
You’ll get a competitive offer for your shipping load, as truckers must bid against each other to win your load. But as they only need take on jobs they want to, on their own authority, it’s a win-win situation.
With intuitive tools at hand to investigate rate trends over time, you’ll know what offers are fair, and which are great.
Meanwhile, truckers can take advantage of the same tools to assess the market and make the right pitch.
You can even save your favorite trucks to your account, so that you can make use of their services again in the future.
Find Work Right Now on Our Load Board
If you’re a trucker or a shipper, get yourself set up on our load board right now.
You can set up an account with just a few basic details.
Whenever you’re ready to take on work, just browse our listings to pick up suitable jobs (or list new work) in no time.
Our helpful and free tutorial will get you up to speed with the system in minutes. So if your truck is idling, or you’re a shipper with a load waiting for the right haulage, you won’t be waiting long to spring into action.
Integrate With Us
As an add-on to software you are already be using, our seamless integration gives you all the benefits of ComFreight’s system in the same place.
This speeds up the freight matching process, so you can list and manage multiple jobs with little effort.
More than 70% of freight in the U.S. is moved by trucks. That’s a lot of loads and a lot of money to be had if you’re in the freight business.
As a freight broker, you may be wondering how you can reach more available loads and drivers, and ultimately how you can increase your shipments and bottom line.
Well, there is an easy way to do that: load boards. Signing up for load boards will give you real-time access to thousands of loads, carriers, and more.
Keep reading to learn why your company should be using load boards.
How Does a Load Board Work?
A load board is an online system in which shippers or freight brokers post loads that they need to be carried. Load boards include information about the load, including pick-up and drop-off location, the due date for delivery, the type of trailer or vehicle needed, and the weight of the load.
Some load boards already have set a price they will pay carriers. Others, like ours at Comfrieght, allow brokers and carriers to bid on the load.
Everything is done within the online board or app, including the bidding and contracting. However, many companies include contact information so that calling is another option.
Once a carrier or broker accepts the job and the shipper accepts the bid, both parties are made aware and the truck is directed to pick up the load.
How Can Freight Brokers Benefit from Load Boards?
Freight brokers can benefit from using load boards in numerous ways. Load boards allow brokers to match loads to drivers and trucks, stay up-to-date with available shipments, increase efficiency and profits, and keep drivers happy.
1. Loads in Real-Time
Load boards are updated quickly and constantly. This means freight brokers have constant real-time access to available loads. You can get alerts when new loads are posted.
In addition, load boards include updates on available drivers. As a broker, you have unlimited truck and load posting and the ability find owner-operators and match them to loads quickly and easily. You can even sign up for alerts that tell you when a truck match is nearby.
Plus, loads are available 24/7 and all across the country. This means you can keep drivers running at all times in various locations.
2. Low Cost, High Reward
Most load boards are free to use (like ours) or charge a low monthly/annual fee.
If the load board allows for bidding, this could greatly benefit you and your drivers. Bidding means brokers can request a price that is competitive and loaders can accept the best offers.
With the market rates included in the load board app, you can make sure your bid or charge matches the market trends. This will keep your company from over- or under-bidding.
If you have carriers that are close to the load, you can bid a lower price because less travel is needed. Also, strict delivery deadlines can allow you to bid higher if you know you can get the job done the quickest.
Using a load board is one of the best ways to improve your bottom line. It keeps your trucks full and on the road, meaning more profit for your business.
Load boards also make it easy to track shipments and invoices, ensuring money doesn’t fall through the cracks.
3. Convenient Tracking and Pay
Load boards are easy to use for all parties. Drivers especially benefit from the ease of use and access on the road.
Everything is electronic meaning no more paperwork and the hassle of it. Plus, load boards uses a type of built-in freight factoring, which makes payments simple and quick.
After a carrier or owner-operator delivers the load, they pull up the Haul Pay tool. This tool is part of the load board app and lets the shipper put in the invoice amount and company information for payment.
The signed bill of lading and load details are added to the payment tool and submitted.
The best part? Payments are freely deposited within 24 hours. Or, you can choose to get same day pay for a small fee.
This fast payment turnaround will make both your freight-brokerage company and your drivers happy.
These online and app tools also make it easy to track invoices and payment. This will come in handy when tax-time comes and keep payroll easy.
The system also allows freight brokers to track load pickups and deliveries.
4. Trucks are Kept Full, Deadheading Eliminated
The biggest profit losses in trucking are downtime and deadheading. Deadheading is basically when you drivers are sent on the road without any freight. This happens when drivers don’t have anything to haul back from or to a location.
With a load board, you can prevent this. A load board lets you find loads nearby drop off locations. So, once the driver drops off a load to its delivery location, they can pick up another nearby.
Similarly, if you need to send a driver to a location, look for a drop off nearby.
Again, load boards let you find drivers that are already nearby shipment locations. So, you don’t have to send drivers far with an empty trailer.
Using load boards can seriously lower downtime and make sure your carriers and owner-operators are kept on the road. With the user-friendly system, the load search tool and alerts will help you find load matches to haul.
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Convinced yet? You should be.
As a broker, your job is to pair loads with drivers. There is no better or easier way to do that than a load board.
Our load board allows unlimited posting and job acceptance, real-time alerts, fast pay with no reserves, and many benefits for brokers and drivers.
But with so many different boards to choose from, how do you know which ones to use?
In this post, we’ll reveal our expert tips for finding the best load boards for your business.
1. Don’t Rely Solely on Freebies
Yes, there are plenty of free load boards online. You might even find a few decent loads listed on them.
But if you’re relying only on the free listings, chances are you’re missing out on better and higher-paying loads. On paid load boards, you’ll find more selection that better suits your business, trucks, and routes.
Of course, you do need to make (and stick to) a budget. Don’t go signing up for the most expensive load boards assuming they’re the best. Many of the best load boards are available to you for less than $20 per month.
Another tip is to search for paid load boards that offer a free trial period. That way, you can test it out and see if it’s a good match for your company.
Take your time, do your research, and find out which load boards are working for other carriers. Then you’ll be in a much better decision to find the boards that are best for you.
To access the best load boards, though, your safety rating must be as high as possible.
Brokers and shippers want to know that you’ll deliver their loads safely, intact, and on time. With 31.4 million registered trucks in the US, they have plenty of others to choose from if your safety rating is less than stellar.
To win the best loads on the best boards, make sure you have a “satisfactory” Carrier Safety Rating. Your Safety Evaluation Area scores for Accident, Driver, Vehicle, and Safety Management should also be high.
If necessary, ask for reviews from past or current customers. A string of positive reviews will assure future clients that you’re reliable and trustworthy.
3. Find User-Friendly Load Boards
You can search and search until you find the best load board in the world. But if you can’t figure out how to use it, it’s not going to do you a bit of good.
In your research, look for boards that feature an intuitive, easy-to-use interface. Is it easy to navigate between loads, listings, and other pages? Do they have a mobile app, messaging service, and other valuable features?
Time is money, so you don’t want to waste yours trying to figure out how a load board works. If a site is taking too much time, move on until you find one that’s simple to use.
Another thing to remember is that the best load boards can be accessed from anywhere. Since you spend so much time on the road, you can’t always wait until the next time you’re in the office.
Seek boards that are mobile-friendly, perhaps through an app or mobile website. There should also be some sort of instant messaging service so you can communicate wherever and whenever you need to.
4. Seek Out Those Added Features
In addition to a site that’s easy to use, what else should you look for in a load board?
Some of the best load boards offer free notifications 24 hours a day, 7 days a week. Set up alerts and get notified when loads get posted along your preferred routes. That way, you have the chance to snag your ideals loads before someone else gets them first.
Another thing to look for is a site that allows brokers to post loads for free. This almost always ensures a higher number of listings, giving you more loads to choose from.
Other “extra” features you may want to look for include load planners, credit ratings and scores, mileage and routing trackers, or free corporate websites.
5. Don’t Forget to Post Your Truck
A common mistake many carriers make is not posting their own trucks on load boards.
Remember that load boards work both ways. Brokers and shippers use these boards to get their freight moved, but it’s also a place for you to list your services.
Many loads never get posted in the first place. The only way to access these “invisible” loads is by receiving a call from a broker who’s selected your trucking company.
To get those calls, though, your company needs to be listed. Once you’ve found the best load boards, set up profiles for your trucking business.
Bonus tip: Consider listing your truck later in the afternoon, once all the morning loads have cleared out of the way. You might be surprised at how many loads you’re able to pick up!
Ready to Find the Best Load Boards?
With so much competition in the trucking industry, you can’t afford to use anything less than the best load boards.
Using the best boards ensures your business will thrive now and in the years to come.
Here at Comfreight, we understand the shipping industry inside and out. We’re experts in matching the right shippers, carriers, and brokers.
Click here to find out more about our load boards for carriers.
You may also contact us directly with any questions or concerns.
What are you waiting for? Get in touch and start using the best load boards today!