Category: Trucking Brokers
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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…
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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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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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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…
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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…
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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…