Business

35% of brokers have authority revoked in bond increase measure, broker group says

Business, Freight Brokers / By /

The number of freight brokers disappearing from the federal rolls has been increasing by the hundreds every day since Dec. 1, following the new requirement to carry a $75,000 bond, boosted from $10,000 by the MAP-21 highway funding act passed last year. Today, 35 percent of brokers in business at the beginning of the month …

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Highway Truck Fatalities Rose 8.9% Last Year

Business, Carriers, Owner Operators / By /

A new report from the DOT’s National Highway Traffic Safety Administration (NHTSA) states that the number of large truck occupant fatalities increased by 8.9% between 2011 and 2012 up to 697. In 2011, the number of deaths was 20% higher than in 2010. Despite the increase in the past few years, deaths among occupants of …

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Illegal Brokerage Among Carriers Still Gray Area

Business, Carriers, Freight Brokers, Freight Factors / By /

On October 1, the FMCSA issued a Final Rule that adopts regulations required by MAP-21. The rule includes the provision which sets a minimum financial security of $75,000 for brokers and freight forwarders, including carriers that occasionally broker loads. In the Final Rule, the FMCSA states that compliance with the new rule will cost the …

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Measuring Logistic Cost & Performance

Business, Trucker News / By /

Maintaining a low logistic cost, while ensuring a high product performance is key to making your production business profitable. Logistic costs include all costs beyond the basic production costs for a unit. This includes service costs, transportation costs, inventory costs and warehouse costs. Companies focus on these costs because they devalue a product after production, …

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Blind Load in Freight

Business, Trucker News / By /

Traditional retailers have used blind shipments for years. The Internet allows savvy retailers and wholesalers to reach more potential buyers and allows stockless storefronts to sell goods without maintaining a warehouse full of costly inventory. Other People Are Reading Blind shipments are defined by the Department of Transportation as shipments processed and delivered to buyers …

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