I guess by cheap I mean anything under a dollar, usually non urgent LTL loads, the stuff that shippers and brokers think should "ride along" with something else. You call about a load and they say, "it's only a partial." When I hear those words, I normally just get the heck off the phone because I know it won't be paying anywhere near enough money. But I have been known to take something around .75 or .80 if there's nothing else there and I can get to a hot area where I'm seeing a lot of good loads. If a partial load isn't urgent, then I don't expect them to be paying an expedited rate, and in a van any partial that isn't an expedited load is often way to cheap to even consider running.
The thing that bothers me is when you're bidding for loads on an expedite board and someone has just gone and bid .75 a mile to get a load. I lost a bid today to someone who bid .50 a mile for an expedited load. Now why would a carrier bid that low unless it's to combine more than one expedite onto a larger truck, effectively running expedited loads at LTL rates? I talked to a semi driver who told me his company asked him to pick up four loads in one city that were time sensitive and all heading in the same direction. He said his company had bid about .45 a mile for each load just so they could put them all on one truck and get a decent overall rate for the miles. It's that kind of junk that's driving the rates down. I don't blame non urgent LTL loads for that, but when people run expedited loads at LTL rates, it just ticks me off to no end. Any load that is supposedly time sensitive should pay enough to run it by itself in an appropriately sized vehicle. It shouldn't require another load to be run with it to make enough money for the run.