Category: Freight Broker Agent
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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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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…
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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…
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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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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…
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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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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…
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Each of us are reminded daily that Customers Talk. If you do a great job, or a poor job, your customers will tell you – but probably won’t tell you to your face. They’ll tell you, by telling others. Here is an excellent quote from Jeffrey Gitomer: Customers talk…to their associates, friends, and neighbors. Here…
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Email updates are the fastest way to stay ahead of the transportation industry without ever leaving your inbox. Instead of hunting for news, subscribing to Freight Tec’s email updates means the latest freight industry insights, carrier tips, and milestone announcements land directly in your email — automatically, for free, the moment we publish them. Running…
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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…