Download my FREE eBook. This is a MUST HAVE resource for anyone who is considering the freight broker industry (About 40 pgs, 19 Topics) Enter your email address and name for an immediate download.
Freight Broker Rate Quiz #1
“1” Shipper has 1 pick, Denver, CO – 1 drop Utica, NY
Paying 1.55 per mile, shipper has 1,715 miles on the load. Broker takes 12% profit.
How much per mile will the truck get?
Answer: $1.36 ($1.55 x 88%)
“2” Same as above but turn RPM into flat rate that is paid to the truck that is paid to the truck.
Answer: $2,332 ($1.36 x 1,715 = $2,332)
“3” Shipper has 1 pick, Payette, ID – 1 drop Ocala, FL Paying $4.95 per piece, shipper wants to load 980 boxes. Miles on the load – 2,590. Broker takes 10% profit
How much per mile will the truck get?
Answer: $1.69 ($4.95 x 90% = $4.46) x $980 = $4,371 / 2,590 = $1.69)
“4” Shipper wants to load truck to the max some scrap iron. Truck can haul 40,000 lbs. Shipper loads 39,500 lbs and truck delivers 39,500 lbs. Load picks up in Elmhurst, IL and delivers to Roxbury, NY. Shipper is paying $7.80/cwt
Miles on the load – 820 Broker takes a 14% profit.
How much does the Broker make?
Answer: $431 (39,500/100 = 395 x $7.80 = $3,081 x 14% = $431)
How much does the broker pay the truck?
Answer: $2,650 ($3,081 x 86% = $2,650) OR ($3,081 – $431 = $2,650)
per box and truck takes $2.60 per
.
Miles on the load 730
How much gross is paid to the truck?
How much per mile is paid to the truck?
”
“”,””,””,””,””
“Date”,”Email Address”,”Shipper has 1 pick, Denver, CO – 1 drop Utica, NY
Paying 1.55 per mile, shipper has 1,715 miles on the load. Broker takes 12% profit.
How much per mile will the truck get?
“,”Same as above but turn RPM into flat rate
that is paid to the truck.
“,”Shipper has 1 pick, Payette, ID – 1 drop Ocala, FL
Paying $4.95 per piece, shipper wants to load 980 boxes
Miles on the load 2,590
Broker takes 10% profit
How much per mile will the truck get?
“,”Shipper wants to load truck to the max some scrap iron. Truck can haul 40,000 lbs. Shipper loads 39,500 lbs and truck delivers 39,500 lbs. Load picks up in Elmhurst, IL and delivers to Roxbury, NY. Shipper is paying $7.80/cwt
Miles on the load 820
Broker takes a 14% profit.
How much does the Broker make?
How much does the broker pay the truck?
“,”Shipper has 400 boxes loaded on the floor that is picking up in Charlotte, NC and delivering to Kankakee, IL.
There is one extra pick and one extra stop at $75 each.
Truck delivers 395 boxes and shipper is paying $2.95
per box and truck takes $2.60 per
.
Miles on the load 730
How much gross is paid to the truck?
How much per mile is paid to the truck?
”
“2020-06-23 13:22:57″,”Dhollingersmh@gmail.com”,”$1.36″,”$2339.26″,”$ 1.69 per mile”,”Broker $895.44 Truck $5,500.56″
“2020-06-22 11:18:49″,”edwin9656@gmail.com”,”2658.25″,”10″,”66″,”No Answer”
“2020-06-22 17:11:30″,”egalindo1180@outlook.com”,”$2,339.26″,”I have no idea how to turn rpm to flat rate”,”$1.68 per mile”,”Broker gets $431.34. Truck gets $2649.66 $3.23 per mile “,”Where are the other 5 boxes? $2.60× 730miles = 1,898.00. $2.95×395=$1165.25+$150=$1315.25”
“2020-06-22 09:51:38″,”stockerlw@gmail.com”,”1.36″,”2339.”,”1.68″,”broker – $432 Truck $2649″,”$1190, $163″
“2020-06-22 23:35:13″,”tbarrios@cox.net”,”1.36/mi”,”2,339.26″,”1.69″,”431.34 2,649.66″,”1,177 1.61″
“2020-06-22 19:09:16″,”tomchen2318@yahoo.com”,”i do know”,”i do know”,”i do know”,”i do know”,”i do know”
“2020-06-22 17:28:03″,”tweety7760@msn.com”,”1.36″,”2339.26″,”1.87″,”Broker 431.34 trucker 2649.66″,”3213.25 trucker per mile4.40″