Category: Freight Forwarder
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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…
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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! Related reading: Oil…
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Well, it’s official. Effective January 3, 2012, the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) and others implemented a rule banning the use of cell phones while driving for all commercial truck drivers. Violations can be severe – up to $2,750 fine for each offense and possible commercial license suspension for multiple…
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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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Freight Tec is proud to announce our Retirement Strategy for Freight Brokers. “How do you get the most money out of your freight brokerage when you decide to Retire? At some point, you will want to retire or leave the business to pursue other opportunities. How will you do this successfully? This short article will…
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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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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…