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 - Maurice Bey <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/mau2.jpeg" alt=""] <h2></h2> Today we are putting the spotlight on <strong>Maurice</strong>, who’s been an in-state driver for four years. He also has a Youtube channel called, “The Helpful Trucker”, where he gives some helpful tips as he shares his experiences on the road. Let’s get to know more about Maurice and his life as a trucker. <h2></h2> <h3></h3> <h3><strong>What made you decide to be a trucker?</strong></h3> Well, I didn't choose this life, this life chose me. I love driving and I love being behind the wheel. A few years ago, my pop's (a lifelong trucker) health started declining. He came to me and said, "Hey I need you to get your CDL because I need to put someone else in my truck." So I went to CDL school, got my Class A and I've been driving for him ever since. <h2></h2> <h3><strong>In the years that you have been driving, what are the significant changes that you've noticed in the trucking industry?</strong></h3> Well, I've only been in the industry for 4 years now, but I'm the son of a lifelong trucker and many of my close relatives are truckers, which means I've been exposed to the industry literally all my life. And I remember relatives and family that used to drive WITHOUT a chauffeur's license. I remember when my dad would go back several days and alter, I mean "update" his paper log books retroactively. And I remember when my uncle's and my dad's friends used to talk about running up and down the road all night, non stop, unregulated. One could argue that all that regulation overall HAS made the roads safer. But one could also argue that all that regulation has made things less profitable, particularly for little guys. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/mau3.jpeg" alt=""] <h2></h2> <h3><strong>What's the story of you becoming "The Helpful Trucker"? Do you also have a name for your truck?</strong></h3> On YouTube, I call myself "The Helpful Trucker" because in life I'm a helpful guy. So many people nowadays only want to be helpful if it benefits them. My philosophy, which is offering people real value without necessarily expecting anything in return, is attractive and has a natural way of pulling the right people, resources and opportunities towards you. I call my truck Nat... short for International (which is what I drive). <h2></h2> <h3><strong>Any times when you get lonely while driving? How do you deal with it?</strong></h3> I'm an in-state driver and I go home every night. So I don't experience loneliness, plus I love my alone time. I need it to maintain my sanity. LOL. <h2></h2> I spend a majority of my time behind the wheel listening to podcasts about business, entrepreneurship, economics, marketing and mindset. My truck is a rolling university for me. <h2></h2> [img src="https://truckerpath.com/uploads/2020/08/mau4.jpeg" alt=""] <h2></h2> <h3><strong>As a trucker, what are the current struggles in this COVID19 pandemic?</strong></h3> Keeping my miles up as an in-state driver. My work has definitely slowed significantly. <h2></h2> <h3><strong>What are your usual routes? Favorite scenic truck route?</strong></h3> My usual truck routes generally speaking are either Interstate 64 or Interstate 95 in the Richmond,Virginia area. My favorite scenic truck route is 64 west out of Richmond. I love the mountainous scenery. <h2></h2> <h3><strong>How often do you use rest stops / truck stops? What are the things that you look for in a truck stop? Favorite truck stop meal?</strong></h3> I don't use truck stops very much, but when I do, I look for familiarity. I'm a very routine kind of guy. I don't have a favorite truck stop meal. I'm not a big fan of road food... that stuff will kill you! <h2></h2> <h3><strong>What are the common troubles or problems you encounter while trucking?</strong></h3> I encounter a lot of faulty equipment, especially trailers, which belong to the carrier I pull for, not me. <h2></h2> <h3><strong>What are your pet peeves while driving/trucking?</strong></h3> People, especially truckers, not being courteous to other truckers and only looking out for themselves. But I get it though. This economy can make you chase money to the point that you're only thinking about yourself and your own situation and not considering others. <h2></h2> <h3><strong>How did Trucker Path help you in your day to day trucking?</strong></h3> The main thing <a href="https://truckerpath.com/">Trucker Path</a> has helped me with so far is supplying me with a trucker friendly GPS. My standard GPS has put me on routes that I'm not supposed to be on more than once! And that's a scary feeling. <h2></h2> <h3><strong>What are some tips that you would like to share for aspiring truckers?</strong></h3> Safety tip: Triple check everything. <h2></h2> Getting a job tip: Know your contract front and back; ask as many questions as you feel you need to. Don't allow yourself to get locked in to anything that is not in your best interest long term. <h2></h2> Career tip: Get your money right as quickly as possible. Give yourself the option to get from behind the wheel as soon as possible. Driving a rig, just like most careers is A LOT more fun when you're doing it because you want to instead of because you have to. <h2></h2> <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/user/mauricebey7">Youtube Channel, The Helpful Trucker.</a> <h2></h2> <iframe width="560" height="315" src="https://www.youtube.com/embed/PGIeHtM9dng" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> <h2></h2> Hope you guys enjoy! <h2></h2> <h2></h2> <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3>

Aug 12, 2020 • Carriers

Spring Driving Tips for Truckers [p]Spring is here and we are getting ready to welcome summer. Soon temperatures are going to soar, and rain will make its entry into the equation.[/p] [p]As a trucker, it's both good and bad news for you. Good because you don't have to fight against snow or subzero temperatures anymore and bad because now rain, landslides, and other hazards will introduce themselves. Therefore, you must still be attentive when you drive your truck while also enjoying the scenic views the American highways have to offer. Let’s take a look at some of the challenges you might face driving in spring as a trucker. [/p] <h2></h2> [p][b]Tackling Rain[/b][/p] [p]At the start of spring and early summer, the weather begins to change, and with that comes rain and slippery roads. It shouldn't be too much of an issue driving in the rain because you are fresh off the winter season, and you must have tackled snowy roads during that period. However, you should exercise caution since roads become very slippery during the first few minutes of rain. You should slow down and maintain a safe distance from other trucks and vehicles on the road. If conditions are too treacherous and visibility is an issue, it is better to bide at a truck stop and wait for the storm to pass.[/p] <h2></h2> [p][b]Construction Season[/b][/p] [p]The start of spring signals the beginning of the construction season, especially in the Midwest. If you pass through a construction site, make sure to pay attention to all the road signs. You should slow down and change lanes with more care to avoid any accidents. If you practice caution, you will save others and yourself from unnecessary harm.[/p] [img src="https://truckerpath.com/uploads/2021/04/202104-TP-BLOG-SpringTips-2.jpg" alt=""] <h2></h2> [p][b]Sun Glare[/b][/p] [p]The sun shines bright during the spring and summer seasons. It also means that you have more hours of daylight to tackle. Therefore, keep a pair of sunglasses by your side to protect your eyes from damage - not to mention look cool as well. Furthermore, keep the truck's windshield clean, especially since bugs will also be aplenty during this time.[/p] <h2></h2> [p][b]Scenic Highways to Try This Season[/b][/p] [p]Driving during spring season has some advantages too. You can also enjoy your time driving on scenic routes. Imagine getting paid to drive some of the most beautiful roads in America! Not everyone has that pleasure, so you must make the most out of it when you can.[/p] <h2></h2> [p][b]Route 12, Utah[/b][/p] [p]The red rocks of Utah are a treat to watch, especially in early spring. The route presents exquisite views as you drive through the Canyons and wind down the challenging roads.[/p] [img src="https://truckerpath.com/uploads/2021/04/202104-TP-BLOG-SpringTips-Cover-Route12Utah.jpg" alt=""] <h2></h2> [p][b]Trail Ridge Road, Colorado[/b][/p] [p]It is extra fun to drive in high altitudes, especially in spring. The Trail Ridge Road is the country's highest continually paved road that follows through the Rocky Mountain National Park. You will get to see several wildlife species during your drive and witness outstanding scenery at every corner and straight.[/p] [img src="https://truckerpath.com/uploads/2021/04/202104-TP-BLOG-SpringTips-Cover-TrailRidgeRoad.jpg" alt=""] <h2></h2> [p][b]Final Thoughts [/b][/p] [p]The spring season is a good time for truckers as you can bask in the sun, enjoy scenic views, and make some good money while doing it. However, remember to take extra care and not be complacent while you are having fun. Do you have some awesome spring destinations? Share it with us. [/p] <h2></h2> <h2></h2> [p][b]By Aldous Aldwin[/b][/p]

Apr 12, 2021 • Carriers

How to Become a Freight Broker? [h2] How to Become a Freight Broker? [/h2] [p]To become a freight broker you need to understand the <a href="https://truckerpath.com/blog/trucking-industry-trends/">trucking industry trends</a> first. Thousands of products need to be moved across America and companies use every venue possible to ship their freight, but none more than through truck freight. The trucking industry produced $726.4 billion in revenue for 2015 and freight tonnage has increased since. Freight is hauled by truck drivers but moved by freight brokers. Here's how you can become a freight broker and enjoy a piece of the lucrative pie. [/p] [h2]1. Register your Freight Broker Company [/h2] [p] There are a couple routes you can choose to become a freight broker. The easiest way to start is to get hired by an established freight broker company. There you will fall under their insurance and use their capital as well as being provided training about the trucking industry. If you've already done this and have the necessary capital, this is where you would be registering your business with the local licensing department. Once you register your LLC you will receive your Tax ID Number [a href="https://irs-tax-id.com/?utm_source=bing&utm_medihttps://irs-tax-id.com/?utm_source=bing&utm_medium=cpc&utm_campaign=irs%20tax%20id%2Fein&utm_term=irs.gov%20tax%20id%20number&utm_content=irsum=cpc&utm_campaign=irs%20tax%20id%2Fein&utm_term=irs.gov%20tax%20id%20number&utm_content=irs"]from the IRS[/a]. [/p] [h2]2. Have a Plan For Your Freight Broker Company [/h2] [p] The most important part of becoming a freight broker is to have a clear vision and plan, especially if you need to generate funding from lenders. Know your target, stick to your strengths, and don’t be afraid to grow. [/p] [p] Understand your region and what types of loads move through, who's your ideal customer base? What type of services will you offer? How will you market your freight brokerage? [/p] [giphy]<iframe src="https://giphy.com/embed/Sg21YDdh3Onqo" width="480" height="288" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]3. Build a Carrier Base [/h2] [p]Life as a freight broker is all about who you know. Networking and connecting with motor carriers is the only way you will succeed in moving freight. You need to start building a list of trucking companies with capacity and willingness to work with you. [/p] [p]This is when networking meets relationship building. Establishing trust and showing that your work efficiently and provide good service can be the difference when finding carriers. The best way to find carriers is by using load boards from trusted companies like Trucker Path Truckloads. Load boards allow you to post your freight for carriers to view and then contact you if they're interested in hauling them. This way you can move more loads quickly and from anywhere. [/p] [p] Don't forget, freight brokers also need to connect with shippers who need freight moved. Here's a closer look at <a href="https://truckerpath.com/blog/how-do-freight-brokers-find-shippers/">how freight brokers find shippers</a>. [/p] [h2]4. Freight Broker Authority [/h2] [p]You’re well on your way to becoming a freight broker now that you have a registered business and a carrier group to connect with, but there are still a few more requirements. You must apply for a US DOT number with your local Department of Transportation branch. Once you are approved, take your DOT Number to the Federal Motor Carrier Safety Administration (FMCSA) to get a Motor Carrier (MC) number and broker authority. This is approved through the completion of the [a href="https://www.fmcsa.dot.gov/registration/form-op-1-application-motor-property-carrier-and-broker-authority"]OP-1 Form which includes a $300 application fee[/a].[/p] [p] Here are a few more details as to how you can get your <a href="https://truckerpath.com/blog/freight-broker-license/">freight broker license</a>. [/p] [h2]5. Freight Broker Bond [/h2] [p] To show carriers and companies alike you have the financial backing to broker your business you will need at least a $75,000 <a href="https://truckerpath.com/blog/freight-broker-bond/">Freight Broker Bond </a>(BMC-84 or BMC-85). Think of this as insurance for your business. This will cover you in the instance something goes wrong leading to monetary losses of a company. [/p] [p] Let's say the carrier you contracted to haul a load shows up to the receiver with a truckload of spoiled milk because you instructed them to cool the reefer to 74 degrees instead of 47. You were deemed responsible and your client seeks repayment of damages for a load of milk valued at $65,000. Your bond covers that cost similar to the way car insurance companies handle a car accident. [/p] [giphy]<iframe src="https://giphy.com/embed/3o6Zt2iHqqrjNlbPS8" width="480" height="270" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]6. BOC-3 Blanket of Coverage [/h2] [p] One of the last filings you will have to complete in order to become a freight broker is your [a href="https://www.fmcsa.dot.gov/registration/form-boc-3-designation-agents-service-process"]BOC-3[/a]. This is the Blanket of Coverage for your company. Basically, you must file your BOC-3 in each state you will be operating. You will need to select a process agent to file. The process agent is the company who will be handling your legal processes in each state you have operating authority. [button-white href="https://www.fmcsa.dot.gov/registration/process-agents"]List of FMCSA Agents[/button-white] [/p] [h2]7. Freight Broker Essentials [/h2] [p]The tools of the trade for a freight broker are office equipment and supplies to make work easier and more organized. You'll need the basics like a computer with internet, printer, scanner, and fax machine. But you'll also need a phone with several lines and a quality headset to communicate with drivers and clients. [giphy]<iframe src="https://giphy.com/embed/VmNVXIMH3bCsE" width="480" height="353" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [/p] [p] Don't forget<a href="https://truckerpath.com/blog/freight-broker-software/"> broker software</a> as you'll want software that allows you to keep track of your loads, customers, carrier locations, and truck status (some load boards will do all of this for you). DR Dispatch and ITS Dispatch are a few of the programs that can be beneficial. [/p] [p] Look for broker software offering GPS tracking based on logged location updates, bill of lading/invoice generators, pickup and delivery location (shed) logs, note taking/documentation, and most importantly rate confirmation generation. These are the essential functions needed to manage your loads from pick up to delivery. [/p] [h2]8. Freight Brokerage Financials [/h2] [p]In order to continue your carrier relations, you need to get backing from a bank. As a freight broker, you will be paying the carrier after they deliver the load. Pay terms for carriers range from 1-28 days (sometimes more). Whereas you will be extending the customer a line of credit or they will pay up front for the services. [/p] [p] You make your money off of the margin known as the "spread". For example: [ul] [li]Company X pays you $3,000 to find a motor carrier[/li] [li]You pay Carrier Y $2,500 to haul the load[/li] [li]You earn $500 for brokering the arrangement. Of course, this isn't all profit as overhead costs will apply, but you get a general idea.[/li] [/ul] [h2]9. Marketing Your Freight Company [/h2] Lastly, in order to succeed as a freight broker, you have to make a name for yourself by building awareness surrounding your freight company. Reliable service that is transparent and convenient is key to building a reputation with carriers. Word of mouth is critical for growing your freight business locally but you have to put yourself out there and raise awareness just like any other startup if you want to be a successful freight broker. [/p] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=blog&utm_medium=becomeafreightbroker&utm_campaign=july12"]Get Started With Truckloads[/button-green]

Jul 12, 2017 • Brokers