What Does Your Quickpay Program Say About You?

In a tight capacity market, how you pay your carriers is crucial to maintaining a loyal carrier base and capitalizing on the current rate environment.  While 60% of brokers offer some form of QuickPay, overall QuickPay penetration in the industry is less than 10% while factored loads inches closer to 50%.    More importantly, carriers prefer to take a broker QuickPay and will actively look for loads from brokers they know have a cheap QuickPay.  So what’s the issue?  Broker’s QuickPay rates are overpriced.