Category: Flatbed Trucking
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The FBI estimates the loss value of Cargo Theft at roughly $30 Billion dollars a year. Don’t think that effects you as an every-day consumer? Think again. That $30 Billion loss causes retail business everywhere to mark-up their products an additional 20% for consumers! … And that’s on items you buy everyday! Electronics, food and clothing were the top three commodities stolen in 2010. …
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Electronic onboard recorders (EOBRs) were the first federally recognized devices built to automatically track a truck driver’s hours of service, and understanding how they work still matters today because they laid the groundwork for the electronic logging device (ELD) rules every fleet follows now. If you manage trucks, dispatch drivers, or simply want to avoid…
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Acid reflux disease strikes freight brokers and other high-stress professionals far more often than most people realize, and the burning pain it creates can derail an entire workday in minutes. Brokers juggle tight deadlines, angry carriers, and nonstop phone calls, so their bodies live in a near-constant state of alert. As a result, stomach acid…
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Transportation is the process of moving people, freight, and raw materials from one location to another, and it quietly shapes almost every purchase, harvest, and delivery in the modern economy. Whether it happens by rail, truck, ship, or air, transportation determines how quickly goods reach shelves and how much that convenience costs. In particular, the…
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Cargo insurance is the financial safety net that protects shippers, trucking companies, and freight brokers when freight is lost, damaged, or stolen somewhere between the loading dock and the final destination. Without it, a single accident, theft, or warehouse fire can wipe out the entire value of a shipment — and leave the shipper holding…
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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…
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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…
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Oil contract futures are standardized agreements to buy or sell a fixed quantity of crude oil at a set price on a future date, and they have shaped — and sometimes shaken — the entire freight industry for over a decade. In 2008, a surge of speculative trading in oil contract futures pushed crude toward…
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The federal texting ban for commercial truck and bus drivers remains one of the strictest safety rules the Department of Transportation (DOT) has ever placed on the trucking industry. Since the Federal Motor Carrier Safety Administration (FMCSA) enacted this rule, texting behind the wheel of a commercial motor vehicle (CMV) has carried penalties as severe…
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