Freight Factors

Illegal Brokerage Among Carriers Still Gray Area

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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You’re Not On Their Mind, If You’re Not On The Phone

The freight brokerage industry can be highly competitive and volatile. It is your job to secure new customers and develop relationships that will help you keep those customers. However, your customers may be all over the country making a personal relationship hard to develop. You can overcome this by keeping in close contact with your …

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How to Start My Own Freight Trucking Business

A freight trucking business can take a variety of forms. You can specialize in large fleet logistics, or transport vehicles and move single loads for consumers and businesses. Secure the proper permits and insurance certificates before you open, no matter what kind of trucking operations you offer. State and federal authorities regulate the trucking industry, …

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Spot market freight falls in April

TransCore’s North American Freight Index measuring spot market truckload freight volume declined 14 percent in April from March, but was 12 percent higher than in April 2010. Freight volumes in the South and Midwest were hampered by extreme weather conditions during April. TransCore said the month-to-month decline from March to April was the time in …

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FMCSA opens utter period on EOBR

The Federal Motor Carrier Safety Administration on April 12 requested additional public comment on its Feb. 1 Notice of Proposed Rulemaking regarding mandatory electronic onboard recorders for commercial motor vehicle operators who must keep records of duty status.In its latest EOBR proposal and in a previous EOBR rulemaking published on April 5, 2010, FMCSA advised …

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A Trusted Name in Freight Factoring

With the economic uncertainty today, getting the payment for the work you have done is really important. The easiest and the safest way to get the payment in the trucking industry today is through factoring. When considering freight factoring let us discuss the factoring services by 1st Commercial Credit LLC. This is the most reliable …

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