Fuel Advance & Quick Pay

Stop loading without a 50% advance. If the broker won't do it then load elsewhere. Your exposure to loss is way out there operating on trust. This is why he gets his cut, to insulate you from late / no pays. It's your money and you need it now.

Oh yeah, broker don't care if you eat or not, only if he eats and how well.

JMO

 

U Gota Be Kidding Me

You will stand a better chance of complaining to Lucifer.Most brokers don't Care about how much you got left in your wallet.They don't get paid by you.The shippers own their sole's

 

All the brokers i pulled for wont advance until loaded

 

Man you might want to rethink things if your running that slim a margin

 

you just simply can't operate on that slim of margins what if you had a break down while under load. you need to concentrate heavily on getting your operating capital up. the quickest paying stuff i do is normally around 3 weeks with average being 30-45 a few things have pushed 60 days to get paid. if i asked for a fuel advance they would probably laugh in my face. i start getting nervous if operating capital drops below 8k if below 10k no deposits get made into my personal checking till operating capital is back up. you should try to maintain some cushion in your personal checking as well incase you have to go a little while without paying yourself.

its very important to keep your personal finances separate from your trucking finances. if you have 500 in your personal checking and 8k in your business checking you better start eating pb&j instead of steak dinners cause that 8k in your trucking account isn't yours its yours its your company's. and need to stay there to earn you money. if your trucking company runs out of money you have no way to make yourself any money.


i recently did 2800 dollars in parts into my truck only to have the following day my clutch go out. and got shot with a nearly a 4k repair bill in the shop. if i didn't maintain some cushion in there i would have been hosed.

 

a few years ago. there were posters on here working for landstar. doing just what your doing. taking half the load in advance and putting just enough fuel in the truck to make delivery. sometimes they didn't make it due to construction detours.

the rest of the load money went home to momma and constantly fixing there trucks.

they didn't last long in the business.

 

How to go broke. I watch, Have this habit though, Like to tell drivers how to avoid it. No one listens to me, so I just watch.

 

You are a motor carrier, same as JB, Swift, LS, etc. they don't get a advance from their customers and some big ones don't pay for 90 days.