If used correctly, load boards can be a helpful tool for auto transport companies. They can help car haulers get started and avoid deadhead trips. The problem is that many owner operators use them too often. Relying solely on load boards is not a good long-term strategy and can lead to losses. In the article, we cover the following:
Note: We are not a load board and do not provide loads. The list below has companies that do provide loads.
Top automotive load boards
Here is a list of load boards and dispatches for car haulers:
- Centraldispatch.com
- uShip Car Hauling
- Ship.cars
- Super Dispatch
- ACV Auctions
- TQL
- Carship IO
- Roadrunner Transportation
- RunBuggy
- Cars Arrive Network
Note that this list is for informational purposes only and is not an endorsement.
Is using load boards a good strategy?
A load board can be useful to car haulers new to the business or looking to reduce deadhead trips. However, you should not rely on them as the only or main way to get clients.
Loads posted through load boards are very competitive. Your per-mile rates will need to very low to get a load. Making a profit is difficult. Furthermore, you need to be careful your rates are above your cost-per-mile, or you could end up pulling loads at a loss.
The most effective way to grow your business is to find shippers directly and secure your own contracts. It is hard work but the only way to get high-paying loads.
a) Slow-paying invoices
Most shippers pay their invoices in 30 to 60 days. These payment terms are common. They should not be a problem if you know the shippers and they have good business credit.
However, loads from a board will likely come from shippers and brokers you have never worked with. They will demand that you provide a net 30 or longer terms. Also, some brokers may pay you only after they get paid. You should always check their business credit before taking the load.
Offering net-30 payment terms can create cash flow problems for your company. If this is the case, consider using invoice factoring.
Factoring for car haulers
One way to handle the cash flow problems from slow-paying customers is to use freight factoring. Factoring allows you to finance your invoices, providing working capital to run and grow your business.
Factoring can be a great alternative for auto transport companies that pull loads from dealerships, freight brokers, and other commercial shippers. It will help ensure you have the working capital to cover fuel, repairs, and other expenses. If you need more information, read “What is freight bill factoring? How does it work?“
Get a freight bill financing quote
We are a leading freight factoring company for car haulers and can provide you with a competitive quote. For an instant quote, fill out this form or call us toll-free at (877) 300 3258.
Additional resources
If you are looking for loads, consider these resources: