Merry Christmas and Happy New Year
Highway Bill, and what it means for You
Congress approved the Highway Bill, and President Obama is set to sign it on Friday, July 6, 2012. The report contains the TIA-OOIDA-ATA compromise language almost exactly. How will this affect you? Read the great blog post and summary from DAT.com. Leave a comment below and let us know what you think!
Ban On Cell Phone Use While Driving Hits Commercial Drivers
Well, it’s official. Effective January 3, 2012, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) and others implemented a rule banning the use of cell phones while driving for all commercial truck drivers. Violations can be severe – up to $2,750 fine for each offense and possible commercial license suspension for multiple […]
Brokers, Acid Reflux, and Nylon Stockings
Jobs with High Stress can easily help create Acid Reflux Disease. Clearly, Brokers are in a high stress career and are just as prone to Acid Reflux issues as anybody. If you don’t have Acid Reflux problems yet, chances are that you will sometime in the future. What is Acid Reflux Disease? This is the […]
Interesting Times for Transportation
Transportation systems are very dynamic. During the last few years the railroads have become more competitive with rapid service from Chicago to Los Angeles in order to out-compete trucking companies. With this kind of service available, the large trucking companies have put more and more of their freight on the railroads double-stack container trains. Truckers […]
Shippers Beware!
The Federal Motor Carrier Safety Administration (FMCSA) has issued a final rule that will eliminate Cargo Insurance requirements for freight forwarders and most motor carriers. Only household goods carriers will be required by law to maintain Cargo Insurance. All other motor carriers and freight forwarders will no longer be required to maintain Cargo Insurance as […]
Diamond Broker with $100k Bond
Freight Tec carries a significantly higher bond than is currently required by the F.M.C.S.A., and has for quite some time now. Interesting to note that legislature is currently trying to raise the bond limit to $100k instead of just $10k, under the “Motor Carrier Protection Act of 2010” (S 3483). In the May/June 2010 issue […]
Protecting Carriers from Bad Brokers
Excellent article we wanted to share from Truck’n HotNews, by Utah Trucking Association, June 21 – June 27, 2010 LAWS TO PROTECT CARRIERS FROM BAD BROKERS Senators Olympia Snowe (R-Maine) and Amy Klobuchar (D-Minn.) have introduced the “Motor Carrier Protection Act of 2010” (S 3483), in response to concerns about unscrupulous brokering practices that continually […]
Shippers Giving One Load to Multiple Freight Brokers
What happens when a Shipper gives one load to multiple freight brokers in order to find a truck? Market Distortion, and it’s Expensive for Shippers. An interesting Market Distortion occurs when Shippers call multiple Brokers to move their load(s). When a Broker receives a call from the Shipper to move a load on a particular […]
Oil Speculation
In January of this year, the Commodity Futures Trading Commission proposed a new rule that would set limits on who can trade futures in the oil market. The CFTC has rightly determined that the sudden increase of oil contract futures in Mid-2008 was caused by speculators who did not have a “legitimate commercial interest” in […]
