If you’re trying to decide whether load boards are worth your money, there’s much to consider. Load board and freight management systems have significant pros and cons. However, many new owners/operators or small fleet owners find that it’s a good option for their needs.
For those of you who are new to the trucking industry, you may not know much about load boards. So, let’s begin with that. A load board is an online system that matches shippers with carriers for the purpose of moving freight. Some freight management systems or load boards offer a variety of services such as:
- Message boards
- Credit information
- Finance of pre-approved loads
- FMCSA verification
- Mobile access
You will find both free and paid load boards, but paid boards are not always the best option. Some can cost as much as $100 per month, so time will tell if they are worth that much money. If you’re looking into this option, shop around before making a decision. You want to find the one that is best for your budget and needs.
Advantages of Load Boards
New owner/operators or small fleet owners may find load boards to be beneficial in helping get those vital first few loads. They also help you build contacts and gain experience.
Here are a few more advantages of load boards:
- Reduces deadheading
- Easily accessed online 24/7
- Many are free or inexpensive
- Some offer credit checks, days to pay, etc.)
If you are low on funds and can’t pay for fuel to deliver these loads, check into truck freight factoring companies that offer fuel advances. This may be expensive, however, it’s helpful to truckers who are just getting started.
Disadvantages of Load Boards
Although load boards can be helpful in many ways, they are not a good long-term strategy. Why? For one reason, they are not very profitable. You’ll be better off getting direct contracts so you are in control and can keep all of the revenue.
Other disadvantages of load boards include:
- You’ll be dealing with strangers (who you hope are trustworthy).
- Lots of competition for loads.
- Freight brokers take a lot of the revenues.
- Their rates for your work are too low.
We haven’t told you whether you should or should not use a load board because that decision is entirely up to you. However, below are a few more tips that may help you decide.
More Tips to Help You Make an Informed Choice
As a general rule, load boards are an easy and efficient way to connect with people who need your services. But, there are a few more things to consider before making that final choice. First, and most importantly, will you make a profit? Calculate your costs carefully and know what you can afford. You should also check the broker’s credit before accepting to take their load and avoid those with little or low credit.
Why You Need TruckingOffice TMS
Whether you’re using load board and freight management tools or finding your own clients, you need a trucking management system that can help you with all aspects of your business. Being a trucker involves an overwhelming amount of record keeping. Not to mention all IFTA, IRP, DOT, FMCSA rules, regulations, and tax deadlines to remember. This process can be much easier with TruckingOffice software.
Our TMS was created by truckers specifically to save time, reduce stress, and increase profits. We’re so sure you’ll like our product, we’ll let you try it without obligation for 30 days. Sign up for the free trial now to see for yourself how much more organized, efficient, and profitable your business can be.