Due to this "freight drought", be sure there are more drivers willing to accept the lower rate (even if they hate it too) than refusing it. Unfortunately.
If you know what kind of company is this TEFS, why would you bother to search for more bad things about them? There are many other respectable carriers that deserve attention. My POV.
One of my drivers asked me few days ago to give up on the carrier that I'm leased with, and switch to multi-carrier formula... I explained to him that his proposal is a bad idea. Been there already 5-6 yrs ago, I wouldn't do it again.