Freight Brokers

Air Partner Freight continues strong growth trajectory in H1 2018

Following on from a record 2017, the Freight team at Air Partner has enjoyed a busy and fruitful first half of the financial year, winning cargo mandates from a variety of new and existing customers. As was recently announced in Air Partner’s interim results, Freight gross profit was up 36.4% for the six months ended …

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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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Thousands of brokers lose Authority

The number of brokers registered with FMCSA may be dropping — coming on the heels of the enforcement date of the increase in the minimum surety bond required for brokers to carry — but some of the numbers being tossed out don’t represent what’s actually happening, said Chris Burroughs, who’s with the government affairs staff …

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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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Freight Broker License

A freight broker, also called a broker authority or freight broker agent, is a domestic transportation expert who is knowledgeable about the logistics of cargo shipment of manufactured and distributed products. A freight broker company arranges for transportation of trade cargo by contracting with for-hire transportation motor carriers. They generally do not take possession of …

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Cargo Freight Company

Logistics A big part of starting a cargo freight company is figuring out logistics and costs for moving cargo. Analyze the cost of shipping cargo within the United States by land and water, and into foreign countries. This includes accounting for customs, freight duties and cost of transportation. The general costs for transportation include not …

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Trucking Firm Owners Convicted Of $924K Fraud

The owners of a southwest Missouri trucking company have been convicted in a conspiracy that defrauded boat maker Tracker Marine of at least $924,000. A federal judge on Wednesday found James Keith Ivey and his wife, Melinda Kay Ivey, guilty on numerous counts including fraud and money laundering. The Iveys owned J&M Trucking, in Lebanon, …

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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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