Click Here for Available LoadsIn the Top 100 of all Freight Brokers Nationwide - by Inc. Magazine

Category : Trucking Quick Pay

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!

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 are countering this competition with requests to be able to run heavier trucks on the Nations highways with weights up to 97,000# as opposed to the current 80,000# limits on most roads.  This would drop the cost of transportation per ton for the shipper.

But as the railroads have gained market share, they now face an interesting test:  The peak Christmas shipping season is upon us but so is the need to absorb a huge fall harvest of corn and soybeans that must be moved to market.  Will the railroads be able to handle both peak seasons at the same time with their available capacity of equipment and people?  Time will tell but the railroads claim they will be able to handle the heavy volumes of freight.

Union Pacific Railroad, Burlington Northern Railroad, Norfolk Southern Railroad, and CSX Transportation are all bringing on furloughed people who had been laid off during the recession.  Union Pacific is bringing on 900 locomotives and a vast supply of hopper cars and containers to meet the demand.  The locomotives had previously been in idle storage during the recent recession.  Other railroads are doing much the same including bringing on line much new equipment that they were anticipating they would need.  In addition, railroads are hiring new people and matching them with experienced people and moving them to specific areas around the country to deal with the logistics of moving long trains on a timely basis.  So, hopefully, the Nations railroads are up to the task of meeting the demands of two peak seasons.

Meanwhile, the trucking industry has taken its hits from the Recession and many small carriers are now out of business creating a capacity shortage in some areas.  Adding to their troubles are the new CSA 2010 regulations coming into effect on Nov. 1, 2010 that will target driver safety issues as never before.  CSA 2010 will help to eliminate the unsafe drivers over a few months.  The Winter months are normally slower for trucks and the loss of 3% to 5% of the nations truck drivers may not show up until Spring when freight demand picks up.  But by then, trucking rates will increase due to the capacity shortage that will ensue due to a shortage of qualified drivers.

How does this all affect the shipper?  Generally speaking, from a cost point of view, railroad container freight is less expensive for lanes exceeding 1300 miles between cities where both the pickup and the delivery from the rail terminal is within the Commercial Zone.  Trucks are typically more cost efficient when the mileage between two cities is less than 1300 miles or where multiple stops are required along the route.  Trucks have the advantage of being able to drive directly from the shippers dock to the receivers dock.

Property brokers are finding they must also be more creative to provide the best value to the customer.  Larger Brokers move freight both on trucks and container railroads to meet their customers needs.  The brokerage business is unique in that the largest broker in the U.S. only has 5% of the market share.  According to the U.S.D.O.T., there are over 21,000 property brokers registered with the Federal Motor Carrier Safety Administration.  Brokers continue to grow as they provide the best value for their customers.

Another facet of the transportation industry are the freight forwarders—specifically those that are international in scope.  Several years ago it was predicted that the large multi-national freight forwarders would gain more and more market share.  Even though these large companies have grown, so has the market share.  But the gains in market share have been by smaller freight forwarders who provide incredible service to their shippers.  Why?  Shouldn’t the bigger multi-national forwarder be able to drive costs lower for shippers?  Yes, they do.  But many shippers would rather be Number One with the forwarder they use knowing that that forwarder will do everything possible to get their shipments to their customers on time as opposed to being customer Number 273 with a large multi-national forwarder.  The price is slightly more expensive with the smaller company, but the service is great and the shipper doesn’t need to worry about what would happen if the big multi-national has a conflict with the service needs of multiple shippers and the resulting costs and problems that would create with missed deliveries.

Transportation world-wide continues to be dynamic, competitive, and both service and cost oriented.  Different modes of transportation compete with one another to present a better value proposition to the shipper.  This is good!  Despite the rough economy during the past few years, business is picking up!  Shippers have more options than ever.

NASTC Best Broker Directory 2010-2011

The National Association of Small Trucking Companies (NASTC) – http://www.nastc.com – recently named Freight Tec in their “Best Broker Directory” for 2010-2011.

NASTC screens every one of these brokers by carrier payment policy, history, and recommendations they receive from other NASTC members.

“We feel this group of brokers represents the top of the brokerage community and they move more than 150,000 loads per month.”

– From the NASTC Best Broker Directory 2010 – 2011

Freight Tec is proud to be listed amount this group of Best Brokers, and especially proud to be only one of three brokers in Utah that are listed.  That is quite a compliment.

 

NASTC - Best Broker Directory 2010 2011

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 of IT (Internet Truckstop) Magazine, Freight Tec is recognized as a “Diamond Broker” with a $100k Bond.  We are one of only 21 brokers listed that carry this $100k bond.

What does this mean?

Carriers can be assured that Freight Tec’s credit-worthiness is at the top.  Shippers can be assured that Freight Tec is a prominent broker in the industry, and a broker they can trust.  We are ranked as one of the Top 100 Brokers in the Nation.

If you are a Shipper needing a load moved, or a Carrier looking for loads, Contact Us Today.

Valuable Freight Updates by Email

Stay current with valuable updates – simply by checking your email.

A great way to stay up-to-date on the transportation industry is by subscribing to Freight Tec’s Email Updates.  You’ll automatically get valuable updates from our blog delivered right to your Inbox.

Technology can be a great asset to your business.  Take advantage of this technology today and sit back and let the updates come to you.  You don’t have time to browse the web, you’re running a business – so let the web come to you.

So, how do you sign up?  I’m glad you asked.

In the upper-right corner of this blog, you’ll see an area that looks like this:

Simply follow these instructions:

  1. Enter your email in the top box, or click on Get Email Updates.
  2. Next, you’ll be asked to confirm your email by typing in a code.
  3. Then, check your email.  You should receive an email from us with a final link for you to activate your updates.
  4. That’s it! Enjoy!!

You’ll now receive updates whenever we post valuable information on our blog.

If you have any troubles at all, please Contact Freight Tec and we will be happy to help.

Comprehensive Safety Analysis – CSA 2010

Excellent article taken from Transport Topics, Jan. 04, 2010.

In Pursuit of Accurate Safety Ratings –

CSA 2010, as it is known, is the agency’s revamping of a flawed and oft-criticized safety rating system based on the unreliable SafeStat database.

Freight Tec pays close attention to Safety Ratings and strives to only use safe, qualified carriers in order to protect our shippers as well as public safety.  Our rigorous qualification process has always been somewhat weakened by the often skewed SafeStat and Federal reports.

FMCSA, to its credit, recognized the need to change the way it evaluated motor carriers when it launched CSA 2010.

The data is getting better and more reliable – and thus, it will give us all much more accurate safety reports.  A major difference now will be that a carrier’s ratings will be based on MILES TRAVELED, and not just the size of their fleet.  This is “the real measure of a carrier’s exposure to potential accidents”.

Merry Christmas 2009

 

Freight Tec would like to wish you a very Merry Christmas and a Happy New Year!

 

 

– Best Wishes to you and your family, from Freight Tec’s corporate office.

 

Freight Tec on the Cover of Internet Truckstop Magazine

If you didn’t catch it yet, be sure to check out Freight Tec on the cover of Internet Truckstop Magazine for the Sept/Oct 2009 Issue.

Visit Truckstop.com for more information or go right to the full magazine by clicking Here.

Be sure to check it out and let us know what you think by commenting below.

 

 

 

 

Freight Tec – The Importance of Using Technology

Freight Tec was recently featured on IT Magazine by Internet Truckstop.

“Techology is the wave of the future and those not riding it will be left in the surf paddling”

– Jeff Graves, CFO Freight Tec.

Here is the cover –

ITS_cover

“We’re early adopters of technology.  We’re always testing it, checking it out and keeping tabs on it.  If it’s technology that’s going to help in any facet of the business, we’re out there and using it.”

– Steve Van Otten

Other highlights of Freight Tec and this article:

  • Freight Tec is ranked in the Top 100 of all Freight Brokers nationwide – by Inc. Magazine.
  • Freight Tec carries Error and Omissions Insurance and guarantees qualified carriers
  • 24 years in business (since 1985) with strong Back Office Support
  • Member of the Transportation Intermediaries Association (T.I.A.)
  • Platinum Performance Program (P3) Member of T.I.A. & $100,000 GPP Bond
  • Qualified & approved to haul Military freight
  • Contracts with 21,000 different Carriers in the U.S. and Canada
  • Quick-Pay Programs to keep the Carrier coming back to haul your freight
  • FREE Auto-Marketing System for you to use to grow your Customer base
  • Bonus / Incentive Program

Please contact us with any questions, and don’t forget to read the full article in IT Magazine.