Broker Alert: HTS LLC May Be Circling The Drain
Duck
Sarcastic remark goes here
In the first screenshot where it says last 60 days, last 90 days, and total, does total mean for the current year to date, or total since they established their operation years ago?
Total is basically their entire history.
Duck
Sarcastic remark goes here
So their number of days to pay is going up.
Is that because they have to wait for the check from the shipper, and can't front it to the carrier? Or are they trying to generate a little bit of interest on the money before they turn it over?
99% probability that they don’t have the cash flow to pay the bills.
Many of these brokers have made contracts to move freight for dirt cheap rates. In desperation to keep contracts, they start taking some losses to move the freight.
In further desperation, they take loads to move from people with poor credit, don’t get paid, and fall further down the drain.
Duck
Sarcastic remark goes here
389 Hood
Well-Known Member
Instead though, now you have cut throats coming in with junk for equipment, morons for drivers and rates that can't even come close to what it takes to turn a profit and maintain equipment to minimum standards. The drivers pull into the customer in flip-flops, shorts and wife beater shirts, filthy equipment, bad attitudes toward the customer and others and expect to be off loaded and out of there in minutes.Yeah. Price caps have always worked so GREAT in the past
Meanwhile, the shipper doesn't care about the driver sitting out there all day waiting to get loaded, always telling him it's be about another hour, so the driver gets no rest, then the driver gets his BOL and it has to be delivered 2000 miles away by 5 the next day. He gets to the receiver and is made to wait another 10 hours to be offloaded or even assigned a door, but his load was supposed to by all account have been there at 7 that morning. Neither the shipper or receiver is billed waiting time, because the broker negotiated a deal on both ends. He still gets his cut, the carrier still gets their rate and the driver is once again, SCREWED.
You get one hour to get the load from the ground to the truck and one hour to get the load from the truck to the ground. If the driver takes 2 hours to secure the load, that's on him. Not every load gets a couple of load locks or a set of chains and straps. Tarping should have a tarp charge built in that rate and be paid exclusively to the driver. Tossing 8' drop tarps is no fun in 100 degree heat or a windy day in the snow.
It's all a Catch-22.
Electric Chicken
Well-Known Member
I'm not like that at all, but before deregulation I wouldn't have been able to get into the industry myself.
Neither would @Mike.
389 Hood
Well-Known Member
Before deregulation, there weren't as many independents either. Most were lease operators working at a percentage using the companies dispatch and trailers. O/O's with trailers fared well only paying for dispatch while supplying their own base plate and insurance. Lot's has changed over the last 40 odd years.
Electric Chicken
Well-Known Member
I don't think we really need regulation again I think they just need to enforce the laws that exist. Language/licensing, inspections, etc.
There was a truck puffing so much smoke I backed off to 40mph and put my hazards on to get away from him. I couldn't freaking breathe as much smoke that was billowing from all around the truck. Looked like it was rolling down the road actively on fire.
I didn't see him when I finally got to the scale house so I presume he either exited or they let him roll through.
Those guys need to be pulled behind and shut down.
There was a truck puffing so much smoke I backed off to 40mph and put my hazards on to get away from him. I couldn't freaking breathe as much smoke that was billowing from all around the truck. Looked like it was rolling down the road actively on fire.
I didn't see him when I finally got to the scale house so I presume he either exited or they let him roll through.
Those guys need to be pulled behind and shut down.
389 Hood
Well-Known Member
No argument from me there. You can tell when a pre-emissions truck is tuned right. A little coal rolled at a shift and then it clears up under power. But this junk that constantly blows smoke is hell to have to follow and breathe.
I watched a guy with a blown turbo insist that his truck was losing power while laying out an oil smoke cloud that could be seen for miles. I told him a seal let go in his turbo and to shut it down before the engine sucked in pieces of the impeller. He was standing outside the truck with the hood open on my return trip about 10 miles further up the road. The truck was there for 3 days before he had it removed. How, I don't know.
I watched a guy with a blown turbo insist that his truck was losing power while laying out an oil smoke cloud that could be seen for miles. I told him a seal let go in his turbo and to shut it down before the engine sucked in pieces of the impeller. He was standing outside the truck with the hood open on my return trip about 10 miles further up the road. The truck was there for 3 days before he had it removed. How, I don't know.
Electric Chicken
Well-Known Member
It wasn't even just badly tuned. It was billowing smoke all around it as if the exhaust didn't exist.
I thought for sure I'd remember to save THAT video but sadly I didn't.
Electric Chicken
Well-Known Member
But you're correct. Even my old LTL only rolls when you shift and initially stomp the throttle then it clears up.
Old pickup rolls even less.
Old pickup rolls even less.
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