Category: Top Brokers
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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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The Motor Carrier Protection Act is the federal bill written to stop freight brokers from pocketing shipper payments while leaving the trucking company that actually hauled the load unpaid. First introduced in 2010 as Senate Bill 3483, the Motor Carrier Protection Act set out to rewrite the rules governing freight brokers and freight forwarders —…
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Market distortion happens every time a shipper calls multiple freight brokers to cover one single load, and the ripple effect on pricing hits every party in the transaction. At first glance, calling around for extra truck coverage looks like smart shopping. In reality, it triggers a chain reaction that inflates freight rates, confuses carriers, and…
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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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Customer feedback is the clearest signal you will ever receive about the health of your freight brokerage business. Whether a shipper praises your communication or a customer voices a complaint, that feedback tells you exactly how your service is being perceived in the marketplace. As a result, Freight Agents who listen closely to customer feedback…
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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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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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Ocean containers move more than 90% of the world’s traded goods, and if you’re planning to ship cargo across the Pacific, the Atlantic, or anywhere in between in 2024, understanding how these steel boxes work — and what they cost — can save your business thousands of dollars per shipment. Whether you’re booking your first…
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A shipper rate quote is the fastest way to find out what your freight will actually cost before you ever book a truck, and Freight-Tec built its free quote tool to deliver exactly that. Whether you ship one pallet a month or a dozen truckloads a week, our shipper rate quote engine pulls live, carrier-backed…