Oops! TQL seeks return of incorrect commission payments

Recipients were to get 20% but got 25% instead

There was an error in calculating some TQL commissions. (Photo: Shutterstock)

An error in calculating commissions for some brokers at 3PL giant TQL led to a clawback of some bonus funds in recent weeks, according to several sources.
Sources at the company confirmed the accuracy of social media posts that said TQL had erred in the size of bonuses calculated for some of its brokers. Rather than allowing the brokers to hold on to the overpayment, the company sought repayment.
According to the social media posts, and confirmed by sources close to TQL, the company’s payroll system erred and paid some brokers a 25% commission when the guidelines would have called for a 20% bonus.

The company notified the affected employees by email that they would need to pay back the difference if the size of the error was in excess of $1,000.

Other social media posts and confirmed by FreightWaves said the accounts in question had been inherited by brokers from colleagues who had departed the company. Prior to the handover, the posts said, the commission was 25% but should have been 20% after the transfer.

Emails sent to TQL’s press relations email address had not been responded to by publication time.

The company notified the affected brokers by email, according to sources. There was no meeting to answer questions.

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.