Timber pallet
Shown per unit, at three illustrative daily rates. These are hire expenses for a single unit.
| Daily rate | 30 days | 90 days | 1 year |
|---|---|---|---|
| $0.06 | $1.80 | $5.40 | ~$22 |
| $0.14 | $4.20 | $12.60 | ~$51 |
| $0.22 | $6.60 | $19.80 | ~$80 |
The cost of lost equipment
Pooled equipment is hired, not owned
You pay a daily hire charge per unit for every day it's on your account, including units effectively lost or gone without paperwork.
Keeping your equipment management simple & your account in check
That daily charge never stops until the unit is returned, reconciled or paid out at the pooler's lost-equipment rate.
How lost equipment costs you twice
Step one
You pay once, daily
Every unaccounted unit keeps accruing its daily hire charge, month after month, whether or not you still have it.
Step two
Then you pay again
Miss the paperwork and you eventually pay the pooler's compensation for the unit itself, on top of every day of hire already charged.
The way out
Paperwork is the way out
A correctly documented transfer moves the charge to where the equipment actually went. That's why documentation is the product.
Worked example
One account, one year
Take an account where 60 timber pallets and 15 plastic pallets can't be accounted for. At illustrative mid-range rates, this is what they cost in hire alone.
| Unaccounted | Daily rate | Per day | 1 year |
|---|---|---|---|
| 60 timber pallets | $0.14 | $8.40 | ~$3,066 |
| 15 plastic pallets | $0.95 | $14.25 | ~$5,201 |
| Total | $22.65 | ~$8,267 |
And it doesn't stop at a year. Hire follows the paperwork, not the pallets: it keeps billing until each unit leaves your account, so a transfer that went wrong two years ago can still be costing you today. If the equipment is never found, the pooler's compensation charge for each unit comes on top, because paying compensation doesn't refund the hire already charged.
One unit, one daily rate: watch it compound
These are illustrative daily hire rates. Actual rates vary by account, equipment class and provider (CHEP/Loscam).
Plastic pallet
Shown per unit, at three illustrative daily rates. These are hire expenses for a single unit.
| Daily rate | 30 days | 90 days | 1 year |
|---|---|---|---|
| $0.75 | $22.50 | $67.50 | ~$274 |
| $0.95 | $28.50 | $85.50 | ~$347 |
| $1.15 | $34.50 | $103.50 | ~$420 |
Produce crate
Shown per unit, at illustrative daily rates. These are hire expenses for a single unit.
| Daily rate | 30 days | 90 days | 1 year |
|---|---|---|---|
| $0.045 | $1.35 | $4.05 | ~$16 |
| $0.069 | $2.07 | $6.21 | ~$25 |
Bin
Plastic, wave and foldable bins, shown per unit at illustrative daily rates. These are hire expenses for a single unit.
| Daily rate | 30 days | 90 days | 1 year |
|---|---|---|---|
| $1.20 | $36.00 | $108.00 | ~$438 |
| $1.30 | $39.00 | $117.00 | ~$475 |
| $2.25 | $67.50 | $202.50 | ~$821 |
| $2.70 | $81.00 | $243.00 | ~$986 |
IBC / bulk container
Pallecon and container units, shown per unit at illustrative daily rates. These are hire expenses for a single unit.
| Daily rate | 30 days | 90 days | 1 year |
|---|---|---|---|
| $4.30 | $129.00 | $387.00 | ~$1,570 |
| $4.95 | $148.50 | $445.50 | ~$1,807 |
| $6.25 | $187.50 | $562.50 | ~$2,281 |
| $7.10 | $213.00 | $639.00 | ~$2,592 |
Where the money leaks
Five ways you pay for equipment you don't have
01
Rejected transfers, never reinstated
You send the equipment, but the receiver rejects the transfer, often because no pallet docket travelled with the load. The pallets are with them; the hire stays with you.
02
Transfers on that nobody checks
A supplier or carrier transfers equipment onto your account: the wrong type, the wrong quantity, or the same pallets twice when the supplier and the carrier both transfer them. Unchecked, you pay hire on equipment you never received.
03
Corrections nobody verifies
A transfer off is corrected to another equipment type, or reversed in full, and nobody checks the change was valid. The equipment lands back on your account on paper.
04
Equipment that leaves without paperwork
Loads go out without a docket, exchanges are never squared up, and damaged pallets are set aside and forgotten. With no record of where they went, they stay on your bill.
05
Windows that close
Corrections and rejections have to be lodged within the pooler's window. Once it closes, CHEP or Loscam needs the trading partner's written authority to act, and the partner doesn't have to give it.
Your numbers
Calculate your own exposure
Pick an equipment type, then enter your actual rate, how many units are unaccounted for, and for how long.