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| Posted Wed, Mar 23 2011 07:06 PM CST | ||
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JEREMY JONES JONES TRANSPORT BLEDSOE, KY 606-909-1324 Posts: 3 |
20 to 22 days to pay! Who can stand to have to wait almost a month on there pay and afford to buy fuel at these prices? Just wondering. Seems like a long time to wait to get your money. Heck, 14 days is a long time for me!!! Just sayin!!! | REPLY REPLY WITH QUOTE |
| Posted Thu, Mar 24 2011 07:10 AM CST | ||
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PHILIP HEGE STATE LINE AG HAGERSTOWN, MD 240-675-2309 Posts: 3 |
thats nothing ,i have waited 40 to 60 days |
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| Posted Thu, Mar 24 2011 07:11 AM CST | ||
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PHILIP HEGE STATE LINE AG HAGERSTOWN, MD 240-675-2309 Posts: 3 |
thats nothing ,i have waited 40 to 60 days |
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| Posted Thu, Mar 24 2011 02:34 PM CST | ||
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BOBBY WEST WEST CATTLE CO. LOWELL, OH 740-517-3423 Posts: 37 |
Most of the ones that say 20 days are more like 30 days to 6 weeks. I have hauled for some of them. |
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| Posted Thu, Mar 24 2011 02:35 PM CST | ||
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BOBBY WEST WEST CATTLE CO. LOWELL, OH 740-517-3423 Posts: 37 |
Most of the ones that say 20 days are more like 30 days to 6 weeks. I have hauled for some of them. |
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| Posted Thu, Mar 24 2011 03:51 PM CST | ||
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SCOTT BROWN BROWN CATTLE FARMS BIGGERS, AR 870-378-4001 Posts: 6 |
used to we got paid at the barn or turned the freight in out west to the customer. the buyers didn't want anything to do with the freight. and some still don't want to handle it. things changed when the barns started floating the buyers a week or two, and then they couldn't pay the hauling out of the costodial account. they didn't have the money to do that. first that is done as a plus to them packers and stockers says you have to pay in 24 hrs. the cattle are sold delevered your freight included on the cwt price.most good customers pay asap or the next week( and there are alot of good folks on here ) i would suggest not hauling for people who can't pay in a week unless you really know them. just be carefull that 21-30 day stuff really hurt when eastern went down and it will brake some folks.( i got every dollar tommy owed me ) you just can't be a bank . but you need to be able to run at least a week or two that's just the norm now but things are going to get back like they used to be the barns can't take the risk and neither can the buyer, look at what he's out when them trucks leave with out the money. they have alot to lose as well. | REPLY REPLY WITH QUOTE |
| Posted Fri, Mar 25 2011 08:55 AM CST | ||
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KENNY KAY CUSTOM CATTLE COMPANY, INC. HALLSVILLE, TX 903-720-2324 Posts: 55 |
Jeremy - there several ways to generate operating cash flow for your business. One of those ways is to use a FFC (freight factoring company) or your local bank. If you want cas quick, using the freight factoring company will allow you to recieve up to 97% of your money that day. There is only one that i would recommend, that being OCF (Olympic Credit Fund). unlike other factoring companies, OCF allows you to tailor your contract so that you get the cash you need in the quickest and most efficient manner. They are able to do this because they have the knowledge, experience, systems, and one of a kind financing that is unique in the facoring industry. No long term contracts/ 24/7 online account management tools, over 100 years experience, lowest truck factoring rates,highest cash advances. The factoring fees are determined on the industry, the credit worthiness of your customers, how quickly your invoices turn, and monthly factoring volume. heres their number if your interested 800.266.0197 ask for Andrea or email [email protected]. Only you know how your business is run and how much cash flow is needed, i personally use a local credit Union to to factor all of mine. I have used OCF in the past when i was starting out some thirty years ago. One more thing about Factoring Companies - DO NOT SIGN A LONG TERM CONTRACT. In our business six to twelve months in the trucking indusrty or world can be very volatile! Some and most have a "STIFF FEE", that you will have to pay to keep or escape it. OCF flucates with your business during cycles, meaning whether your growing or decreasing the number of trucks you are running. I hope this helps. I'm sure there are other ways of doing this, you just need more input than just me and how i've done it! Kenny |
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| Posted Wed, Apr 06 2011 10:13 AM CST | ||
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LARRY MCGREW RANCH 4 / M GROESBECK, TX 254-729-5850 Posts: 8 |
Really tough now, your damned if you do and if you don't. Work is low, you do it for less than you should, (no back haul here), and then you get put off for weeks, on the pay. I have seen it all.. You provide every possible document anyone could ever want before you haul the load, then you call to be sure they recieved every possilbe document, and they confirm that they got it, When 20-25 days have pasted, you call and they needed your tax id, or your cerif of ins./ ( Which they confirmed they recieved to start with) and that is why they have not sent your check! Uh- Huh.. sure,, Has this happened to anyone .?. Its pretty regular way of doing business these days.. except for our regular customer, who pay on time with in days.everytime . because they know we cannot continue to do a good job, stay legal, with NO MONEY! Think about it,, |
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| Posted Thu, Apr 07 2011 06:16 PM CST | ||
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TOM FREEMAN B C FREEMAN TRUCKING LLC SPRING CREEK, NV 775-934-1488 Posts: 16 |
If we could ever get together, set some guidelines and rates, then hold to them, it would benefit us all. I remember back in the early 70's we tried this and no one wanted to get together. But, these are tuff times for all of us. Instead of cutting rates and over loading for certain buyers, we should at least try and stick together. We let buyers and shippers control us. I also brand inspect in my spare time and it makes me mad when I see a buyer putting on 52,000 on a 48,000 truck. We should be setting the loads and rates. My opinion, Tom |
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| Posted Wed, May 11 2011 07:47 AM CST | ||
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BRYAN WEBB BRYAN WEBB TRUCKING, INC MIDWAY, UT 435-671-3975 Posts: 1 |
Totally agree with you Tom. This is getting ridiculous. We have been hauling with a "friend" who is raking us over the coals. It is hard o get people to ban together when they are taking advantage of each other. As for other commentsabout pay, these same "friends" are claiming it takes 30 days to be paid. My husband and his family have been in the livestock business for over 50 years, they NEVER waited to be paid. Not only htat but these friends have been only paying us 2.70/mile to 1.90/mile. They have run us into the ground. Too bad that you cannot trust each other out there. You drivers need to stick together instead of sticking it to each other |
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