Business

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

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

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

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

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

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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