Which load board companies work with carriers with brand new authority?

Any of them. ITS, DAT, etc. They don't care if your authority is new. Some brokers might but most of them won't.

 

I had them all but ended up on The Internet Truckstop. They are one of the few that have an actual credit department. Here's a tip for you all. If you know someone that uses D&S Factoring Company get their username and password to check out brokers. These people are like the pit bulls of credit checking and if they won't factor the broker then you should not deal with them.

 

Even with new authority, you can reach out and talk to the broker, let them know who you are and who you ran under or with.

Example:

I'm leased on with a carrier running under his authority. When I get my booking conformation/rate sheet, often I need to call the broker in order to gain information missing or for what ever. In doing so I'm making sure I drop my name and attempt small #### chat in order to establish myself later down the road for when I break out on my own with more trucks. This way new authority or not,.. its "Heeeyyy,.. yeah Jimbo here,.. yeah you remember such and such?" "Yeah mang,.. whatcha need?" Thats the type of repertoire I have with many brokers at the moment. Even though some of them I think are slimey,.. I dont have to like you to do business with you.

Be social, be vocal, make a name for yourself if you havent already.

Hurst

 

Take a factoring company credit report with a grain of salt. Days to pay reports can be inflated by the factoring companies own process. For example, waiting for a check to clear before marking it paid, versus on the day received. Of course on top of the "check is in the mail" game.

Also, companies tend to handle payments to factoring companies differently than direct. It can go either way. Some will stretch the term out as far as they can, since they are paying a third party. Others, especially new brokers, will pay factoring companies faster in order to build an excellent payment history for future approvals.

It's not all bad. One thing a factoring company keeps up with is how easy a broker is to collect from, and if they are prone to frequent claims (claims = complications = slower payment). Those are interesting details that a simple days to pay and credit score will not necessarily indicate. I've gotten negative reports from my factoring company on several companies that looked good on their DAT report.