Finding The Best Paying Freight For Your Trucking Company
Updated: Dec 4, 2020
How to find the best paying loads
You can't run a trucking company without hauling freight loads. So, the most important job when being a truck driver is knowing where and how to find the best paying freight loads. This task can be difficult and tedious, but so worthwhile in the trucking industry. If you don't figure out how to do this part of your job successfully, you are at risk of going out of business, and no one wants that.
When it comes to trucking, miles are money. If your wheels stop turning, you stop earning - simple as that. Here are some tips on finding the best paying loads for your trucking company.
Using load boards
There are multiple different load boards to choose from, all ranging in different sizes. You can also use more than one load board at a time to increase your chances of finding loads in the transportation industry. Most load boards are extremely low cost to use or sometimes can be completely free. However, they can be very time consuming and rely solely on the time and effort you put into them. A lot of truck drivers make the mistake of only using load boards as their means to find freight. Typically, you will not always find the best paying freight through them and therefore, it is recommended to also use other means to find freight for your trucking company.
Working with dispatchers
Working with a dispatcher is a lot simpler and less time consuming than using load boards. When you partner with a dispatcher, you don't need to worry about finding the loads for yourself. The dispatcher charges a fee to find the best loads for you based on the lane preferences and load type you provide. This is a great way for you to find and haul some high paying freight loads. This method also takes pressure off of you to find your freight. You are able to focus on other aspects of running your trucking company and driving your truck.
Building relationships with direct shippers
Building relationships with direct shippers is another great method at finding and securing the best paying freight loads in the trucking industry. When you have relationships with shippers, you have contacts in the freight industry to assist in your success. Once you start working with direct shippers and create healthy work relationships, they will know the type of freight you're looking for, where you're willing to drive to and from, your reliability, and the freight rates you’re in the market for. Your reliability is important for a shipper to want to continue to work with you. It is important that you work with shippers that are reliable so you know that you’ll get paid.
At the end of the day, you have to figure out what you want and what works for you and your trucking company. Everyone in the transportation industry is different. Looking into the current freight shipping rates will assist you in knowing how much you want to get paid and which loads you'd be willing to take. It is also important to research which markets are hot at the time, as this will help you make a decision on where you want to run the freight shipments. Lastly, it is beneficial for you to always look ahead and plan. Once you book a load, look into what market you're going into and see what else you can pick up. If you plan a freight load ahead at a time, you will always stay loaded up. Planning will also help you secure the best paying freight loads.
Once you secure your freight, the next thing you need to focus on is how you are going to get paid. A shipper usually pays anywhere from 30, 60 to 90 days for a load. However, if you work with a trucking factoring company, you’ll get paid in 24 hours of sending your freight invoices in.
Give us a call or leave your information below to find out how you can get paid the same day you drop, be set up with a dispatch and broker network, and get a free fuel card with advances and discounts.