11 Oct 27

Want to know how much brokers have been paying on the lanes you're searching? That’s where Getloaded’s Rate Index comes in.

What Is Rate Index

When you click on the load to see the details, scroll down to see the Rate Index. This tells you the average rate for loads on that lane in the past 90 days. 

 

  • Avg. Rate – This is the typical linehaul rate paid to carriers on that lane in the past 90 days. This rate does not include fuel surcharges. Add the fuel surcharge to the linehaul rate to get the total rate. In the example above, the average all-in rate paid to carriers was $2.05/mile, or $1.80 + $0.25.
  • Range – The lowest and highest rates paid on this lane in the past 90 days
  • Accessorial – Based on the national average
  • Fuel Surcharge – Also based on the national average. Add this to the average rate to get an idea of what a typical all-in rate would be on this lane. 

 

What’s New?

The rates are more accurate than ever, based on real business transactions between carriers and brokers from the past 90 days – not contracts that might have been signed a year ago. The linehaul rates you see in the load board right now might be higher or lower on some lanes than what you saw before. That's because these numbers do a better job of showing what’s happening on that lane right now.

We’ve also added a new tool that makes it easy to research rates, so you’ll know which lanes are hot and which are not. Just click the “Rate Index” button at the bottom of the screen. 

That will open the Rate Index Lookup, which lets you search lanes for rates the same way you would for loads.

If you already have a Trucker Elite subscription, then you’re already getting these new tools for free. To upgrade your membership and get Rate Index, call us at 888.565.3921.

Comments (11) -

And how do broker accounts get access this rate index, and add our lane rates to the index?  
Brokers need this tool just as much as carriers, so we can quote realistic current market rates to our customers, and offer a fair, acceptable rate to carriers.
DAT Power and Internet Truckstop currently offer this type of tool to broker accounts.

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you brokers should be keeping 10 - 15 percent of the rate your and if you cant get it covered for that you need to let your costomer know his rated is to CHEAP but we all know you try screw us over and keep as much as you can what do you want a tool to screw us over even more????

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The tool is also available as part of the Broker Elite package.

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Gary,
My gross margin 2014 was 11%,  so far this year it's 8%.  That's before I pay the bond, load board subscriptions, utilities, and office expenses.  I'm a one man operation and I get squeezed between customers that know that fuel has gone down, and carriers trying to maintain their margins and pay scarce drivers to stick with them.  I'm not trying to screw anyone over.  I treat everyone fairly, have been on my own for 5 years, put my house on the line to back my $75 K bond, and have been a CompuNet Gold Book Broker for years. You are painting all brokers with a broad brush.  In my younger years, I drove tanker, and dispatched a fleet of reefers so I have been on both sides. If I have good information of the current market rates on a lane, I can provide my customer with an accurate quote at a rate that carriers will also find fair, and be willing to take, from a small guy with great credit.

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Your not gonna win this one Gary. Trucking is a very volatile and cut throat business. Why don't you know this with all your supposed years of experience? I've been in this business nearly all my life. And freight brokers are some of the rudest and cruelest people on the face of the earth! Don't forget, Gary, mechanical labor rates have not come down. $99 to $120 per hour! Ridiculous! Cost for parts....Ridiculous! Tires!!! Outrageous! ...........It's legalized criminalization in America! Then you have all this bullshit CARB compliance crap we have to deal with. Really Gary? Oh, and let's not forget about all the idiot's allowing foreign trucks to cross our borders. And to top it all off, allowing undocumented non english speaking individuals that are taking away jobs from good honest hard working Americans. You obviously struck a nerve with me Gary. Don't be pathetic. I don't feel sorry at all for your measly little 3% pay cut.              

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Hey Roger

We are a small company always looking for better brokers! What lanes do you have freight for? We run reefer usually over east.

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I wish all load boards would publish what SHIPPERS say they are paying in any given lane, instead of what brokers are saying they are paying or what other truckers are saying they are getting.  Seems the rates everyone puts down as getting, don't measure up with the reality of what brokers are offering.

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AS A BROKER, OUR RESPONSIBLITY IS SERVICE AND RATES OR VICE VERSA.
FUEL SIR CHARGES HAVE A PROBLEM. UP TO 65%. WHEN FUEL COMES DOWN, TAKES FOR EVER FOR THE SIR TO COME DOWN.
WHAT COST OF FUEL DOSE IT HAVE TO BE FOR A "O" FUEL SIR. CHARGE.BROKERS PROVIDE A SERVICE TO ALL TRUCKERS.
WE ARE YOUR SALES FORCE. WE HAVE TO KEEP EVERYONE IN LINE WHEN THERE IS WEATHER, FLOODS , DRIVERS ILLNESS, AND BREAK DOWNS. WHICH IS UNDERSTANDABLE. WE TAKE ALL THE HEAT WHEN SOMETHING HAPPENS AND IN SOME CASES GET OUR RATE CUT.PLUS WE HAVE TO COLLECT THE CHARGE FROM THE CUSTOMER, AS WE DO WE PAY IN 7 DAYS OF INVOICE, REGARDLESS IF WE GOT PAID OR NOT. WE ALL SHOULD TRY AND WORK THIS ANGER OUT, WE DO PROVIDE A SERVICE As WELL AS THE TRUCKS DO. WE BOTH HAVE A NEED, WE GET THE CHEERS WHEN YOU DO A GREAT JOB, WE ALSO GET THE CRAP WHEN THEIR IS A PROBLEM AND MOST CASES PAY FOR IT ALSO.
NOT TO MENTION THE BACK DOOR ING THAT HAPPENS, CUT OUR RATE TO GO DIRECT, IN MOST CASES NOBODY KNEW THIS SHIPPER WAS THERE UNTIL WE DISPATCHED.
I SPEAK FROM EXPERIENCE, AS OWNING 17 TRUCKS OF MY OWN.
WHICH DID PUT ME IN HOSPITAL CARE, I KNOW WHAT YOU ARE GOING THROUGH AND UNDERSTAND, OUR JOB IS TO MAKE THE SHIPPER AND RECIVER UNDERSTAND, WE ALSO HAVE TO GET THE RECEIVER  TO UNDERSTAND WHEN THEY HAVE A LINE DOWN OR A BIG SALE HITTING THAT NEXT DAY.
MY POINT BEING, BROKERS ARE NOT SCUM AS TRUCKERS ARE NOT, I APPRECIATE WHAT YOU DO TO THE HIGHEST AS BEING IN YOUR STEEL TOED SHOES ONCE IN MY LIFE.
AS THE WORDS OF " RODNEY KING"    " CAN'T WE ALL GET ALONG"
CMG

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"  WE HAVE TO KEEP EVERYONE IN LINE WHEN THERE IS WEATHER, FLOODS , DRIVERS ILLNESS, AND BREAK DOWNS. WHICH IS UNDERSTANDABLE. WE TAKE ALL THE HEAT WHEN SOMETHING HAPPENS AND IN SOME CASES GET OUR RATE CUT. "

I don't agree with you at all. You are representing the Shipper and the Carrier in regards to the load but all responsability is dumped on the carrier (have you seen a broker carrier agreement? are you kidding me?) all brokers do is charge as much as possible on the shipper and ay as little as possible for carriers.
If you all are so honest and good to carriers, post the shipper rates and your commission. Be transparent, if you can.

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I am a Broker, actually a Broker's agent. Everyone, whether you are a company driver, owner operator, dispatcher, broker or agent has been lied to and cheated by someone. It's sad but true!

Agents and Brokers have to convince a shipper to give us a chance to move their freight. The lowest price is usually what gets a shipper's attention. Some shippers will allow you to make two or three mistakes. Some shippers give you one mistake and you are out. If a dispatcher or owner/operator lies to you and creates a problem, it can cost you everything you have worked for. It is usually being a friend of the shipper or a friend of a friend that gets us a chance to even bid a lane. Historical rates, which are provided by some load boards are helpful but in a competitive situation the lowest price is really all that matters.

Once we have convinced a shipper to talk to us the lowest historical rate is the number to beat. We have to offer a rate that is at the lowest end of the historical range and still find a carrier that can move the load with out us losing money. Sometimes I will move a load at cost to keep the shipper's trust.  On rare occasions I have moved shipments at a loss to solve a problem that I didn't cause and keep everyone happy.

There may have been a time when brokers and agents made vast sums of money on individual shipments but today that is a very rare occurrence. When it does happen it is best if they keep it to themselves!

In an attempt to give a low rate to a shipper, if the broker undercuts the market, they create a problem for everyone. The shipper expects that rate every time. The broker may have to move the load at cost or at a loss to honor their commitment to the shipper and then the broker is "stuck" at that rate. He is never going to make money. No other broker will have a chance to cover that lane and the only carriers that will ever move those loads are those who are desperate enough to take the them at a very low rate. No one is happy but the shipper and they don't even understand (or care how) that they got a great deal.

They will then begin comparing mileage rates between shipments and expect lower and lower rates for all of their lanes.  The bigger the shipper's volume the more effect this has on regional rates.

If everyone had access to this information, rates could be maintained at reasonable levels, so that everyone could make money. It is one thing to bid a lane at a rate that cuts your own throat.  It is entirely another thing to bid a lane at a rate that cuts everyone's throat!

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Shippers want to move their product for the lowest rate possible. Carriers (including independent owner/operators) want to be paid as much as possible. Brokers want to be paid as much as possible. This is human nature. It is also business. To even use the word "fair" is misleading. There is no such thing as "fair".

Brokers bid lanes to various companies. Sometimes it is to pick-up products for them and sometimes it is to deliver their products to their customers. A Broker guesses how much they can charge and how much they will have to pay a carrier to get the job done. If everything goes right, they get to keep what is left over.

If a shipper or buyer doesn't like the rate from a broker they can look for another broker, with a lower rate. If a broker doesn't like the rate from a carrier they can look for another carrier. If a carrier doesn't like the rate a broker offers, they can look for another load. No one has a gun to their head.

Carriers have minimum rates per mile they have to charge. If they don't like the rates to or from an area, haul someplace else. If brokers offer rates that are too low, don't take the load. They will go back to the shippers and get more money or the product doesn't get moved.

There are always extenuating circumstances and that is where the variables come in. When a shipper or receiver make a mistake they have to pay for it. If a driver has to get home or to the next pickup sometimes they run deadhead. These are independent decisions.  Sometimes the carrier has the broker at a disadvantage, sometimes the driver has the disadvantage.

Every broker makes a different amount on every load. There is no standard percentage. The same is true with carriers. We can argue all day long.

The point is, it's no one's fault. It's life!

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