BEWARE

Oct 24, 2016 at 09:31 PM CST - 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Fellow O/O Beware of KMP Trucking/PGL Logistics from Vermillion S.D.

Replied on Mon, Oct 24, 2016 at 09:44 PM CST + 1 - 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Beware? Why does he bite ?

Replied on Tue, Oct 25, 2016 at 08:58 AM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. They do not pay their bills.

Replied on Tue, Oct 25, 2016 at 12:05 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. So how long have you been trying to get payment?

Replied on Tue, Oct 25, 2016 at 12:13 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. MC or DOT number?

Replied on Tue, Oct 25, 2016 at 01:05 PM CST + 1 - 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Question I have for you is is he a broker? If not you're on your own you should have known better

Replied on Tue, Oct 25, 2016 at 01:08 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. It might not even be that bad. As a broker who handles AP myself, I can tell you we get PLENTY of people who freak out screaming after 15 days from invoiced date. My favorite is when I haven't even gotten the invoice in the mail yet...

Replied on Tue, Oct 25, 2016 at 01:45 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. June

Replied on Tue, Oct 25, 2016 at 02:31 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. They have owed me money since May. MC 897057 DOT 2573921

Replied on Tue, Oct 25, 2016 at 11:29 PM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "It might not even be that bad. As a broker who handles AP myself, I can tell you we get PLENTY of people who freak out screaming after 15 days from invoiced date. My favorite is when I haven't even gotten the invoice in the mail yet..." if i haul a load on monday , have the bills on your desk wednesday , is there any reason you can't pay me on friday..... other than you just don't want to ?

Replied on Tue, Oct 25, 2016 at 11:29 PM CST

+ 1

Posted by a private BulkLoads.com member.

Quote: "It might not even be that bad. As a broker who handles AP myself, I can tell you we get PLENTY of people who freak out screaming after 15 days from invoiced date. My favorite is when I haven't even gotten the invoice in the mail yet..."

if i haul a load on monday , have the bills on your desk wednesday , is there any reason you can't pay me on friday..... other than you just don't want to ?

Replied on Tue, Oct 25, 2016 at 11:55 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "if i haul a load on monday , have the bills on your desk wednesday , is there any reason you can't pay me on friday..... other than you just don't want to ?" Cash flow is a real thing. If the majority of my accounts pay around 30 days but I pay all the carriers in 5 days, eventually it doesn't work out. From what I've always understood, net 30 days is fairly standard, not just in transportation but in many B2B transactions. Its stupid really but it's pretty much just the way it is. I literally pay carriers as fast as the money comes in, oldest to newest. Of course there are other payable obligations as well besides carriers that have to be considered too. So to answer your question, no, I'm not being a jerk by not paying in 30 days I don't have the money in checking to float every load for a month before getting paid. Also, this is why we have contracts!

Replied on Tue, Oct 25, 2016 at 11:55 PM CST

Posted by a private BulkLoads.com member.

Quote: "if i haul a load on monday , have the bills on your desk wednesday , is there any reason you can't pay me on friday..... other than you just don't want to ?"

Cash flow is a real thing. If the majority of my accounts pay around 30 days but I pay all the carriers in 5 days, eventually it doesn't work out. From what I've always understood, net 30 days is fairly standard, not just in transportation but in many B2B transactions.

Its stupid really but it's pretty much just the way it is. I literally pay carriers as fast as the money comes in, oldest to newest. Of course there are other payable obligations as well besides carriers that have to be considered too.

So to answer your question, no, I'm not being a jerk by not paying in 30 days I don't have the money in checking to float every load for a month before getting paid.

Also, this is why we have contracts!

Replied on Wed, Oct 26, 2016 at 12:11 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. thats why i only do business with a select few shippers..... i have to pay for my fuel when its delivered , i have to pay for my gtires when they are mounted , i have gto pay for my insurance before it is put into effect , us poor old truckers are on a payment due upon delivery schedule.... i see no reason why brokers and shippers are'nt , they sure don't do the .... well i'll go pick it up and deliver it in the next 15 to 30 days thing so i never understood why i should have to wait for my money. you go onto a store and get a coke and tell em , i pay every 15 to 30 days you leave without a coke , or a meal , or whatever it is you want. 7 days is long enough for anyone to wait for their moneyand to be honest i think and feel like it should be whats turned in by wed. is paid on friday , or whats in by friday is paid on monday. if the shippers want to ride the broker... thats their problem , i have yet to see first state bank and trucking on the side of a truck rolling down the road..... or wells fargo express savings and loan transportation

Replied on Wed, Oct 26, 2016 at 12:11 AM CST

Posted by a private BulkLoads.com member.

thats why i only do business with a select few shippers..... i have to pay for my fuel when its delivered , i have to pay for my gtires when they are mounted , i have gto pay for my insurance before it is put into effect , us poor old truckers are on a payment due upon delivery schedule.... i see no reason why brokers and shippers are'nt , they sure don't do the .... well i'll go pick it up and deliver it in the next 15 to 30 days thing so i never understood why i should have to wait for my money. you go onto a store and get a coke and tell em , i pay every 15 to 30 days you leave without a coke , or a meal , or whatever it is you want. 7 days is long enough for anyone to wait for their moneyand to be honest i think and feel like it should be whats turned in by wed. is paid on friday , or whats in by friday is paid on monday. if the shippers want to ride the broker... thats their problem , i have yet to see first state bank and trucking on the side of a truck rolling down the road..... or wells fargo express savings and loan transportation

Replied on Wed, Oct 26, 2016 at 12:23 AM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. I understand what you're saying and that is literally the same argument I would make to you. I'm not a bank. Lol. If I start a brokerage tomorrow, and in one day I do $100,000 in business and do not do any other work for the rest of the month, I will invoice everything the same day, and pay my carriers with what money exactly while I wait 30 days for payment from my customer One question, so you pay for everything with cash or a debit card on your day to day business? From my understanding most carriers utilize credit cards, typically paid every 30 days or so. Most carriers are doing the same thing we are, paying their vendor (CC company) in 30ish days. This is literally how the majority of B2B works. Final thought, if you're getting paid direct from the shipper within 5 days, it's probably because your $1000 load is a drop in the bucket for a lot of these large shippers. A $50M a year shipper probably has around $4M or so payables a month. I'm sure they have a spare grand laying around in checking.

Replied on Wed, Oct 26, 2016 at 12:23 AM CST

+ 1

Posted by a private BulkLoads.com member.

I understand what you're saying and that is literally the same argument I would make to you. I'm not a bank. Lol.

If I start a brokerage tomorrow, and in one day I do $100,000 in business and do not do any other work for the rest of the month, I will invoice everything the same day, and pay my carriers with what money exactly while I wait 30 days for payment from my customer

One question, so you pay for everything with cash or a debit card on your day to day business? From my understanding most carriers utilize credit cards, typically paid every 30 days or so. Most carriers are doing the same thing we are, paying their vendor (CC company) in 30ish days. This is literally how the majority of B2B works.

Final thought, if you're getting paid direct from the shipper within 5 days, it's probably because your $1000 load is a drop in the bucket for a lot of these large shippers. A $50M a year shipper probably has around $4M or so payables a month. I'm sure they have a spare grand laying around in checking.

Replied on Wed, Oct 26, 2016 at 12:42 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. i pay as i go with a debit card , the 2 credit cards i have in my pocket are for emergency only that the debit card will not cover due to daily limit , and or payee will not take a company check , thus far i have not charged one cent on a credit card. but since were speaking of a credit card type scenario every 40 days , any agreement is subject to terms , if i accept the terms and conditions of your contract will you accept my invoice due in 7 days there after a late fee of 35 dollars plus 15% surcharge interet will be added to the bill or is the agreement just one sided ? i'm not sure if i was one of the smart or dumb ones but before i went into business i worked drivers jobs and other things and made sure i had the money to go into business first ie: down payment , fees taxes permits insurance etc... an over haul plus capitial to operate for a month. that way i was dependant nor a slave to anyone holding a money bag over my head.... a wise man once told me... if you ain't callin the shots then you ain't the boss.

Replied on Wed, Oct 26, 2016 at 12:42 AM CST

Posted by a private BulkLoads.com member.

i pay as i go with a debit card , the 2 credit cards i have in my pocket are for emergency only that the debit card will not cover due to daily limit , and or payee will not take a company check , thus far i have not charged one cent on a credit card. but since were speaking of a credit card type scenario every 40 days , any agreement is subject to terms , if i accept the terms and conditions of your contract will you accept my invoice due in 7 days there after a late fee of 35 dollars plus 15% surcharge interet will be added to the bill or is the agreement just one sided ? i'm not sure if i was one of the smart or dumb ones but before i went into business i worked drivers jobs and other things and made sure i had the money to go into business first ie: down payment , fees taxes permits insurance etc... an over haul plus capitial to operate for a month. that way i was dependant nor a slave to anyone holding a money bag over my head.... a wise man once told me... if you ain't callin the shots then you ain't the boss.

Replied on Wed, Oct 26, 2016 at 12:58 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "i pay as i go with a debit card , the 2 credit cards i have in my pocket are for emergency only that the debit card will not cover due to daily limit , and or payee will not take a company check , thus far i have not charged one cent on a credit card. but since were speaking of a credit card type scenario every 40 days , any agreement is subject to terms , if i accept the terms and conditions of your contract will you accept my invoice due in 7 days there after a late fee of 35 dollars plus 15% surcharge interet will be added to the bill or is the agreement just one sided ? i'm not sure if i was one of the smart or dumb ones but before i went into business i worked drivers jobs and other things and made sure i had the money to go into business first ie: down payment , fees taxes permits insurance etc... an over haul plus capitial to operate for a month. that way i was dependant nor a slave to anyone holding a money bag over my head.... a wise man once told me... if you ain't callin the shots then you ain't the boss." I have no idea what you mean by the 40 days comment. As far as customer contracts go, they almost certainly outline payment terms. At least ours does. Also, there are very specific rules as to how interest can be charged. I believe it's dependent on the state but I've typically seen 1.5% when 30 days past due, so on a net 30 agreement 1.5% could be charged after a net 60 days, no more than 18% per year. Finally, as a broker we have good and bad months, literally revenue can change by 100ks of dollars from month to month. So to expect us to carry a few hundred grand on reserve, or even startup with that in the bank isn't realistic. Oh, and congratulations on apparently running a great organization. Most guys aren't anywhere near as stable as you are claiming to be so hats off to you for that. Oh and my favorite saying, "the customer is always right"

Replied on Wed, Oct 26, 2016 at 12:58 AM CST

Posted by a private BulkLoads.com member.

Quote: "i pay as i go with a debit card , the 2 credit cards i have in my pocket are for emergency only that the debit card will not cover due to daily limit , and or payee will not take a company check , thus far i have not charged one cent on a credit card. but since were speaking of a credit card type scenario every 40 days , any agreement is subject to terms , if i accept the terms and conditions of your contract will you accept my invoice due in 7 days there after a late fee of 35 dollars plus 15% surcharge interet will be added to the bill or is the agreement just one sided ? i'm not sure if i was one of the smart or dumb ones but before i went into business i worked drivers jobs and other things and made sure i had the money to go into business first ie: down payment , fees taxes permits insurance etc... an over haul plus capitial to operate for a month. that way i was dependant nor a slave to anyone holding a money bag over my head.... a wise man once told me... if you ain't callin the shots then you ain't the boss."

I have no idea what you mean by the 40 days comment.

As far as customer contracts go, they almost certainly outline payment terms. At least ours does.

Also, there are very specific rules as to how interest can be charged. I believe it's dependent on the state but I've typically seen 1.5% when 30 days past due, so on a net 30 agreement 1.5% could be charged after a net 60 days, no more than 18% per year.

Finally, as a broker we have good and bad months, literally revenue can change by 100ks of dollars from month to month. So to expect us to carry a few hundred grand on reserve, or even startup with that in the bank isn't realistic.

Oh, and congratulations on apparently running a great organization. Most guys aren't anywhere near as stable as you are claiming to be so hats off to you for that.

Oh and my favorite saying, "the customer is always right"

Replied on Wed, Oct 26, 2016 at 01:19 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. that was spposed to be 30 days , and I do not claim. and as far as not having the money blah blah blah , if you are rolling that much money a line of credit down at the bank does wonders for insuring cash flow. to enable a broker or shipper or who ever to be able to pay every 7 days. as well as making sure you know the business and are prepared both financially and mentally before hangin your shingle and openin your doors. the reason i say that is because years ago i drove for a guy that worked for a broker regularly. one day i was in the town the broker was in and had to go by his offfice. he could only pay every 15 to 30 days but his office was decorated in high dollar original disney prints that he collected... not just a couple but probably at least 30 to 40 of them . brand new vehicles parked out front , and memorabilia from his many carribean vacations.... but his cash flow was not strong enough to pay often but only pay when he got paid. i made up my mind then if and when i went into business myself i was going to get my money , i was'nt going to be financing someone elses vacations and collector hobbies. with that said , i'm not bashing or downing any broker there is a marketplace out there for themand lots of guys like to use them to chase freight , but the up front overhead that a broker has versus the upfront over head a carrier has is quite an offset to move a load. and we have to have the money to cover the expense to move it beforehand so i think its only fair for the guy shipping it to have the money on hand to pay for the service upon proff of delivery.

Replied on Wed, Oct 26, 2016 at 01:19 AM CST

Posted by a private BulkLoads.com member.

that was spposed to be 30 days , and I do not claim. and as far as not having the money blah blah blah , if you are rolling that much money a line of credit down at the bank does wonders for insuring cash flow. to enable a broker or shipper or who ever to be able to pay every 7 days. as well as making sure you know the business and are prepared both financially and mentally before hangin your shingle and openin your doors. the reason i say that is because years ago i drove for a guy that worked for a broker regularly. one day i was in the town the broker was in and had to go by his offfice. he could only pay every 15 to 30 days but his office was decorated in high dollar original disney prints that he collected... not just a couple but probably at least 30 to 40 of them . brand new vehicles parked out front , and memorabilia from his many carribean vacations.... but his cash flow was not strong enough to pay often but only pay when he got paid. i made up my mind then if and when i went into business myself i was going to get my money , i was'nt going to be financing someone elses vacations and collector hobbies. with that said , i'm not bashing or downing any broker there is a marketplace out there for themand lots of guys like to use them to chase freight , but the up front overhead that a broker has versus the upfront over head a carrier has is quite an offset to move a load. and we have to have the money to cover the expense to move it beforehand so i think its only fair for the guy shipping it to have the money on hand to pay for the service upon proff of delivery.

Replied on Wed, Oct 26, 2016 at 04:57 AM CST - 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. I always like how these guys say they pay in 30days. Ummm, fed law says carrier must be paid within 15 days of delivery. Not to be a jerk as sum say, but tough shit, not gonna charge me a quick pay fee or whatever sum try to justify. Bill don't get paid in 15 days then a call to ooida and your bond company. But Steven you sound like a good guy, keep it that way, please

Replied on Wed, Oct 26, 2016 at 04:57 AM CST

- 1

Posted by a private BulkLoads.com member.

I always like how these guys say they pay in 30days. Ummm, fed law says carrier must be paid within 15 days of delivery. Not to be a jerk as sum say, but tough shit, not gonna charge me a quick pay fee or whatever sum try to justify. Bill don't get paid in 15 days then a call to ooida and your bond company. But Steven you sound like a good guy, keep it that way, please

Replied on Wed, Oct 26, 2016 at 07:06 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. I'm going to jump in on this one. The problem as I see it, for what it's worth- I've got direct customers that pay net-30 and have no problem with that (I'd really be limiting my customer pool if I didn't), but they pay a higher rate than COD for me to carry the note. Also, I have to spell it out that I'm extending credit in the contract (per 377.203). What I've seen is that a lot of brokers have a rate that is less than what I'd charge for POD and want me to carry net-30. Make sense?

Replied on Wed, Oct 26, 2016 at 07:06 AM CST

Posted by a private BulkLoads.com member.

I'm going to jump in on this one. The problem as I see it, for what it's worth-

I've got direct customers that pay net-30 and have no problem with that (I'd really be limiting my customer pool if I didn't), but they pay a higher rate than COD for me to carry the note. Also, I have to spell it out that I'm extending credit in the contract (per 377.203).

What I've seen is that a lot of brokers have a rate that is less than what I'd charge for POD and want me to carry net-30.

Make sense?

Replied on Wed, Oct 26, 2016 at 07:58 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Legally a shiper has 15 days to pay and a broker 30 days. if it goes any longer, threaten to report them to ICC and that usually speeds the process up.

Replied on Wed, Oct 26, 2016 at 11:41 AM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "Legally a shiper has 15 days to pay and a broker 30 days. if it goes any longer, threaten to report them to ICC and that usually speeds the process up." Sorry but your about 30 years to late with the ICC..it used to be 15 days for pay... then remember when brokered loads were 50% at pick up...50% at delivery? what ever happened to that one? ohh thats right.. when they sit on your money for a month or two they get intrest.. or they can quick pay at 3% ..funny how that one works..

Replied on Wed, Oct 26, 2016 at 11:41 AM CST

+ 1

Posted by a private BulkLoads.com member.

Quote: "Legally a shiper has 15 days to pay and a broker 30 days. if it goes any longer, threaten to report them to ICC and that usually speeds the process up."

Sorry but your about 30 years to late with the ICC..it used to be 15 days for pay... then remember when brokered loads were 50% at pick up...50% at delivery? what ever happened to that one? ohh thats right.. when they sit on your money for a month or two they get intrest.. or they can quick pay at 3% ..funny how that one works..

Replied on Wed, Oct 26, 2016 at 11:51 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Quote: "I understand what you're saying and that is literally the same argument I would make to you. I'm not a bank. Lol. If I start a brokerage tomorrow, and in one day I do $100,000 in business and do not do any other work for the rest of the month, I will invoice everything the same day, and pay my carriers with what money exactly while I wait 30 days for payment from my customer One question, so you pay for everything with cash or a debit card on your day to day business? From my understanding most carriers utilize credit cards, typically paid every 30 days or so. Most carriers are doing the same thing we are, paying their vendor (CC company) in 30ish days. This is literally how the majority of B2B works. Final thought, if you're getting paid direct from the shipper within 5 days, it's probably because your $1000 load is a drop in the bucket for a lot of these large shippers. A $50M a year shipper probably has around $4M or so payables a month. I'm sure they have a spare grand laying around in checking. " Ever drive by a truck stop and look at the fuel prices.. cash is about 6 cents a gallon cheaper..one truck to run a month can be over 10,000 dollars in expenses not including payments.. and so you have your crdit card maxed out.. havent gotten paid yet.. and you need to go into the shop for 8000 dollar repair job.. you are now officially out of business... like i tell people.. your bankrupt standing before the judge.. he asks what happened and you tell him that you have 20,000 dollars just out there because nobody wants to pay you..and your waiting for the broker that has kept that 20,000 for the last 3 months..ohh and you were talking about other types of companies most are 30 day.. over that at least 1 1/2% intrest per month outsanding bill. and 3 months out your in collections or in court..money is money..without it we all go broke

Replied on Wed, Oct 26, 2016 at 11:51 AM CST

Posted by a private BulkLoads.com member.

Quote: "I understand what you're saying and that is literally the same argument I would make to you. I'm not a bank. Lol. If I start a brokerage tomorrow, and in one day I do $100,000 in business and do not do any other work for the rest of the month, I will invoice everything the same day, and pay my carriers with what money exactly while I wait 30 days for payment from my customer One question, so you pay for everything with cash or a debit card on your day to day business? From my understanding most carriers utilize credit cards, typically paid every 30 days or so. Most carriers are doing the same thing we are, paying their vendor (CC company) in 30ish days. This is literally how the majority of B2B works. Final thought, if you're getting paid direct from the shipper within 5 days, it's probably because your $1000 load is a drop in the bucket for a lot of these large shippers. A $50M a year shipper probably has around $4M or so payables a month. I'm sure they have a spare grand laying around in checking. "

Ever drive by a truck stop and look at the fuel prices.. cash is about 6 cents a gallon cheaper..one truck to run a month can be over 10,000 dollars in expenses not including payments.. and so you have your crdit card maxed out.. havent gotten paid yet.. and you need to go into the shop for 8000 dollar repair job.. you are now officially out of business... like i tell people.. your bankrupt standing before the judge.. he asks what happened and you tell him that you have 20,000 dollars just out there because nobody wants to pay you..and your waiting for the broker that has kept that 20,000 for the last 3 months..ohh and you were talking about other types of companies most are 30 day.. over that at least 1 1/2% intrest per month outsanding bill. and 3 months out your in collections or in court..money is money..without it we all go broke

Replied on Wed, Oct 26, 2016 at 12:43 PM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. I didn't say I agree with the 15, 30days but that is what was and I believe is Legal. Just don't haul for them if you can't work with there pay system. Congrats took over a company that is was hauling for and the checks started coming slower and the lady said that congra made her wait the full 15 days before she could pay.