Category: Trucking Brokers
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A freight broker acts as the critical link between shippers who need freight moved and the carriers who move it, negotiating rates, securing capacity, and managing the paperwork so neither side has to handle logistics alone. If you have ever wondered how a pallet of goods travels from a warehouse in Ohio to a retail…
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Bad debts are one of the most dangerous threats facing any freight brokerage, and they can turn a profitable quarter into a financial disaster almost overnight. Imagine one of your largest customers suddenly going belly up while owing you and your broker $50,000 in unpaid freight bills. You soon learn there is no realistic hope…
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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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Nigel Marsh, thinks work-life balance is too important to be left in the hands of your employer. He lays out his “ideal” day, working, taking time for himself, his wife, his kids, the dog, and friends. Nigel quickly realizes that ideal is just not possible. He stresses the importance of not falling into the trap of “I’ll do…
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A freight card gives owner-operators and carriers instant access to fuel discounts, maintenance funding, and working capital without waiting on slow-paying brokers. Freight-Tec’s freight card program pairs a physical fuel card with a revolving credit line built specifically for trucking businesses, so you never have to choose between keeping your truck rolling and keeping your…
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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…