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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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
You’re Not On Their Mind, If You’re Not On The Phone Read More »
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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Just a quick update to keep everyone in the know on what is going on the transportation industry. Markets continue to deteriorate and with this meltdown truckload rates are plunging to depths not seen in 9 or 10 years. Fuel prices have dropped and stabilized to a point where most carriers and brokers are quoting
Transportation Industry Update Read More »
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
Spot market freight falls in April Read More »
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
FMCSA opens utter period on EOBR Read More »
To get the needed working capital for making rapid progress and business expansion, factoring is a great way. It can boost your company with needed cash flow. This is not a loan type which banks normally offer. It is just paying you for your bills earlier than you would otherwise get it from your shipper.
Impeccable Factoring Service by RTS Read More »
If you are an owner operator or running a small trucking business, then this article will be very helpful for you to bring proficiency in your business and skills. Most of the time shipping and trucking companies face cash interruptions as they wait for the enlisted companies to whom they have provided the trucking services
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Freight Factoring is a process by which the trucker can be paid immediately after delivering the load he has just transported. Independent truck drivers or smaller companies hire a factoring company to handle the collections on invoices. The factoring Company pays a portion or full amount of the freight bills minus their fees up front.
Factor Loads: Factoring Solutions Read More »
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
A Trusted Name in Freight Factoring Read More »