Q&A - How Much Money Do Freight Brokers Need to Pay Carriers?

Freight Broker Boot Camp Audio Experience · Oct 25, 2021 · 1m

Topics Discussed: Q&A How Much Money Do Freight Brokers Need to Pay Carriers Partnering with a factoring company Finding shippers that will pay you quickly for a discount Timestamps: [00:00] How much money do freight brokers need to pay carriers? It all depends on how many loads you plan on moving. If in your first month you plan on moving 10 loads and an average load is $1500, that means you must be invoicing shippers for 15k. We know it takes 30-60 days to get paid. If you get paid 20%, you will need 12k to pay those carries on those loads. [02:21] Factoring is a powerful strategy because…