DVD 4 Flashcards
Why is using the rate matrix tool so important
Because your the market rate that you quote will be consistently in the ball park of the average market rate at the time
The are form in this business is remember how the market conditions affect what
the freight rate on a daily basis
If 25 of your first morning calls is from shipper what kind of indication would that give you on the market conditions for the day
that demand your truck capacity is increasing ( less trucks for hire) and that the market rate for the day will be higher
If 25 of your first morning calls is from carriers what kind of indication would that give you on the market conditions for the day
That the demand for capacity is decreasing ( More trucks than freight) so the market rate for the day will be less.
What the only way to add some sort of structure to the market freight rate?
By using the Rate Matrix
If you quote market rates from the hip, over time what affect will that have on you and your business
It will de- market you and shippers want take you serious
When you do a freight rate does it give you the actual rate for the day or are you guessing?
Its not defiantly, its an educated guess
How many survey do you need to do a rate matrix
at least 3
Motor carrier who are waiting for loads will usually quote what type of rate
lowest freight rate
If you have multiple carrier area to interview for a rate matrix how would you decide which one’s to call first?
By cross referencing the telephone area code with the area code of the destination of the load
In the negotiate process between the shipper and the broker the first thing the broker must negotiate exclusively for is what?
Enough time to do his job and find a carrier
Most broker lose there first few customer because they fail to do what?
Establish notification time with the shipper, in other words time to do there job
What is considered the re-negotiation period?
the time between the rate confirmation and the creation of the bill of Lading
If the carrier picks up a load that does not have a bill of lading, what should he do
Make out one before accepts the load
If one party does not live up to the terms of the rate confirmation, and the BOL you job as the broke is to do what?
Take the role of the meditator, and enforce the terms of the contract
the bill of Lading is a contract between who
The motor carrier and the consignor
In a transaction which party is severely affected by overages
Motor carrier
What should a carrier do after he has discovered overages on his load?
Create a second rate confirmation to communicate and convey the overages to the shipper, and asked how would he like to handle it
What parties maybe responsible for shortage?
Motor carrier, shipper, con-signor or con-signee,
What’s the first step in investigating a shortage
Ask the consignor to check the inventory and the creation of bill of lading
What should a carrier do if the equipment or product they are picking up is used?
Take before and after pictures while on the dock at pick and delivery and mark the bill of lading at pick up as ( shipped As Is)
The shipper may only be excluded from salvage claim if?
Consignee refuses to offer salvage rights to goods they claim are damaged
Whats a common example of Re-consignment
When a load is destine for one location for delivery and once it gets there the consignee, request that half of the load be delivered to another location.
What’s the government requirement for interlining between motor carriers
both must provide a certain number of miles in the move, with their own equipment, while in possession of the cargo
