Watch for Red-Flags and Avoid Cargo Theft
“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. […]
EOBRs can Reduce Violation Fines
We love staying up-to-date and reading the Journal of Commerce – Trucking. Last week an excellent post really got us thinking. EOBRs can SIGNIFICANTLY reduce violation fines. You can read the full article here: FMCSA Orders Trucker to Install 700 EOBRs Basically, the Federal Motor Carrier Safety Administration (FMCSA) ordered JBS Carriers Inc., of Greeley, Colorado, to install Electronic […]
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 […]
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 […]
Penalties up to $2750 for Texting
A recent article on Transportation Topics Online posted DOT Sets Texting Ban on Commercial Truck and Bus Drivers. Distracted driving is a problem for all of us – even if we aren’t the distracted ones on the road. More and more articles in the news are showing up where distracted driving was the cause of […]
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 […]