These days I even check up on the brokers I work with weekly. Not to mention anyone I haven’t worked with at all yet. Great video as always, you’re very skillful at keeping the information flowing forward, nothing redundant at all.

Brokers who are on shaky Ground must hate that this data is out there for review. I am sure they are made more anxious by people who are as thorough and questioning as you are. Thank you so much. !

Thanks Miranda! There is a salty ocean of information out there but certainly we can’t drink it all. A glass of clean water is what we really need!

Elite Transit doesn't pay on time. Very slow payments. I got mine in 90 days.

If brokers are having a tough time paying you can be sure their accounts receivables are running behind, too, which means the shippers/receivers/etc. aren't paying on time, either. During the last 3 recessions I've had to deal with, receivables went from 30-45 days, to 60+ over a few months as the recession worsened. During the last one, I had to fire a 2 million dollar customer because they were taking 100+ days to pay. Unlike the last couple of times, interest rates are much higher and the cost of bridge capital is more expensive than some companies can afford. It's not just brokers and carriers that will be going out of business. Make sure you're keeping a copy of all your paperwork, including both shippers and receivers.

God bless you Miranda Thanks for all you do

Wow… eye opening! I have recently thought of working with a few of those companies… thank you for sharing

Another thing to consider. More freight will consolidate with only a few brokerages. If that happens they can truly manipulate rate's to their benift.

Yes ma’am it’s very helpful as usual I am so lucky to find ur channel pls keep doing what u doing n thx for sharing

A big shoutout to Miranda for sharing an enlightening video on the current landscape of freight brokerage! In her video, Miranda shed light on the challenges facing freight brokers, especially in these tough times. One of the critical issues highlighted was the concern among carriers about potentially hauling loads that might not pay out due to brokers going out of business. Miranda's video got me thinking: in such a volatile environment, how can we predict which brokers are safe to work with and which ones might pose risks? Miranda hit the nail on the head by emphasizing the importance of several key factors: knowledge, credit scores, days to pay, and analyzing the financial health of freight brokers. These metrics serve as crucial indicators, guiding us in making informed decisions about partnerships in the freight industry. By assessing these factors, we can mitigate potential risks and build stronger, more reliable relationships within the supply chain.

Do not call for ELITE TRANSIT ! I have a 75 day old invoice that they still have not paid! Luckily, it was only for about 600 but they are still giving out loads and I have the suspicion they are going out of business!

Very informative 👏 👌

Great video once again 👏 👍 Thank you!

Trucking is the only industry where getting paid is always in question.

Good catch on the Convoy!

Thanks for this update! You're wonderful 🎉

I recently discovered your channel, you're an excellent teacher, you describe everything very well detailed very easy to understand. Thank you for all the valuable information that you provide.

Appreciate the effort you take to help us out hers

True non-recourse factoring doesn't exist. Look at the contract. Any disputed load is subject to being charged back to the carrier at any time, for any reason. I sold factoring for a small family owned provider in MN for 5 years. I worked with carriers who were told they would NEVER see a charge back and they were lied to by BIG NAME companies. (RTS, OTR and eCapital among others)

Thank you so much for your time to teach important lessons to us

I was made aware of Convoy being in trouble around the middle of August. My factoring company stop buying their invoices because they had word that convoy was in trouble.

I quit my trucking job today, no miles unfortunately, im working security now

Excellent 👍👍👍

Thanks for the info, it's nice to see you receiving information. And that smile of satisfaction with...

This past 2 months I’ve noticed some brokers checks have spent an extra week in the mail. Payments are stretching out to 40 days. I’m sure many are cash flow challenged. If rates don’t rise from brokers I’ve done regular business with I might just hibernate until spring. lol.

Yep. don't let the debt with customers get too high if you are a small guy... can put you out of business.

Hello from N.Carolina Miranda. Hope you are doing fantastic.

I think there's a Ryan transportion and a Ryaan transportation no?....been seeing two for awhile....never used them both

Landstar is in trouble.

Factoring with tafs is the worst thing :(

The way I see it is if broker is not paying then it is considered as a form of theft.

Some of the newer brokers can be sketchy, even if they have 4-5 star rating and bunch of good reviews. Always check the aging of those reviews and the companies that leaving them. Often broker will be connected to the carriers giving them good reviews, or they can be trading good reviews, helping each other out to boost their ratings. Some will offer free or low cost quick pay in exchange for good reviews.

So helpful information thank you so much ❤

Brilliant! Thanks!!

Thanks for your videos; very helpful! I'm new and would like to apply for MC number. What's the best way to have it age without spending tons of money on insurance?

Very helpful information.

Great advice, Miranda!👍🏽👏🏽👏🏽

Thank you for the video good information

There’s an app that gives letter grade. For brokers

❤ you are so knowledgeable

DONT HAUL FOR CONVOY!!! THEY HAVE GONE BANKRUPT AND NOT PAYING....MY FRIENDS ARE STUCK WITH 2 LOADS PLUS THAT HAVE NOT BEEN PAID, NOW FACTORING CHARGING THEM BACK!

😍 I could watch this woman explain quantum physics

Good evening Ms Miranda what going on now why it always something 🎉 blessing

I assumed the factoring company beings they charged a percentage to us that they were fully responsible to collect the the money and not come back to us if they couldn't collect boy how wrong I am i guess

ready? Let’s go❤

They got me for 2 loads and avoid A&E

I'm finding myself in a weird situation, getting concerned about the financial well-being of certain weasels.

Thanks 👏👏

Please ask for stock exchange rules made obligatory for load brokers to ease things pretty well.

Thanks!

Looking damn good 😍

Thank you for this! How are credit scores measured and where is that data coming from?

More importantly with monitor is that with the touch screen capability ?

TRUCKSTOP FACTORING THEIR GOOD TO ME AND NON RECOURSE

We need a national level freight exchange.

Hey, awesome information. Can you suggest a couple of good load boards other than DAT

When they can come back in track

Was not what I typed. I typed I learned in 1975 to draw heavy on the advance.

How easy is it to change from recourse to non-recourse if you’re currently working with a single factoring company? And how much more does it cost?

How long Dispatch market going to be like that

F2F transport another non payer on the carrier side.

lets go

How do you get a truck number for your truck or unit number ?

Wait what? Dispatching course?

Convoy owns me 1900$

Dvorak’snn

Love your videos and knowledge. I wish you were my wife lol

Thanks Miranda,, lots of

Awesome, thank you for what you teach us 🫶