Agents Liable for Customer Bad Debt?
Should Agents be 100% liable for their customer’s Bad Debts? Imagine one of your largest customers going belly up… and they owe you and your Broker company $50,000.00… You soon learn there is no hope of collecting any of the money owed… Who should pay for that bad debt? It should be split the same way […]
Shippers Can’t Be Too Careful in Qualifying Carriers
This is a True Story. A carrier calls our office to book a load we had shared with our network. We start our Carrier Qualification Process and find out that the Carrier wants to use an owner-operator. We advised the Carrier that we needed to see their federal operating authority, Certificate of Insurance, W-9, and […]
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 […]
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 […]
Container Rates from China Surge 24%
Capacity is rapidly tightening up on ocean containers from China. How will this affect the U.S. domestic market in 2010? How will these containers be utilized in the supply chain? Fast-paced change buoyed by surge in demand, shortage of containers. Ocean container spot freight rates on the key export trades out of China to Europe […]
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 […]
