If the broker pays you the cancelation fee there is a great chance that this wont be enough for you to cover even the direct costs related to the loss of load. Direct cost would just be the ones that include the following:
- cost related to out of route mile made by truck to go pick up load that gets canceled
- fuel cost
- truck driver time that you need to pay to him despite driving empty truck
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More important and much bigger cost that this are the cost that are not very visible directly. We can call them the money you missed to earn and we can also measure those amounts in thousands of dollars. Those indirect costs would be:
- cost made to you because you lost $2500 worth load and you managed to only find $900 worth because you needed to cover it unexpectedly on afternoon.
- cost made to you because you need to cancel the load if you covered that truck in advance
- cost related to plan changing
How To Avoid Load Canceling
This is a good question and the answer is very hard to find. It is simply very hard to predict which load will be canceled especially since I know personally that some trucking companies haven’t made any change it the way they run business and still in the last 6 months load cancelation rate jumped from 10% to 50% per day.
