Brokers, do not tender
High-value or targeted commodity shipments to a third-party carrier that you don't know.
You will lose money and your customer will be at risk. I know some of you out there
are rolling your eyes at me; and you're thinking about revenue, you're thinking about the number of shipments...
that you have to move & you're thinking about so many things, and I understand-- but I understand where I'm coming from--
I've worked with so many brokers across the country. I've consulted for them, I've been part of acquisitions, I've been
overseeing compliance departments and claims departments. I see when it goes wrong, and I promise you. . .
when you give a shipment to a carrier, you don't know and as a high-value target of commodity shipment . . .
that's when you could lose money and you'll regret it.
So what is a high-value shipment or target a commodity shipment?
It depends on the company, the brokerage. So, high-value could be over $100,000
but it also could be over $50,000
Depends on how much risk you've taken on if you've accepted the liability from the shipper, which most of you out there have to do
And it also depends on . . .
How many times you're moving these types of loads with different carriers.
Also, regarding targeted commodities- I'm gonna link up Sal Marino in this video because he does a great job
highlighting in his posts and information with his company,
where the most common thefts happened in the country and what targeted commodities are . . .
because targeted commodities is a general definition of
commodities that are targeted by thieves and
they may get stolen and you will look bad in front of your shipper, and odds are . . .
you'll have to pay for the shipment too. And it's kind of.. it's sometimes commodities you don't even
know would get stolen. Did you know, I saw that a load of wigs got stolen last year for one of my clients!
Energy drinks--TVs are kind of easy to figure out that they're gonna get stolen.
But there are other commodities like nuts,
almonds, pistachios those are really expensive, but they're easy to sell to on the street.
So be careful with the shipments that you have and who you're giving them to.
So, what type of carrier should you select for these shipments?
I would select carriers that you've run shipments with before & you have a professional business relationship with that carrier
you feel good that if you have a cargo claim the carrier take care of you in a fair reasonable manner and
you know that carriers insurance is a good insurance company and you're not gonna have any surprises
There are so many carriers out there that have scheduled VIN policies and
you find out that they don't have coverage because they're running a truck without coverage or so many
carriers out there who have
Insurance with weird exclusions, or all sorts of exclusions, especially for commodities and high-value shipments
So watch out!  I'll put out more videos about this information
But this is where you could lose money
