Growing broker/carrier identity theft schemes reaping millions
Owner-ops, brokers, federal investigators and others sound the alarm over the growth in business identity theft in the brokered-freight world, where perpetrators impersonate both carriers and brokers in an orchestrated fashion to get loads moved and po…
Critics say trust fund surety fails to protect truckers in claims against brokers
It’s not too uncommon for an owner-operator or small fleet to deliver a brokered load, only to find that payment isn’t coming and that filing against the broker’s surety produces little to no payback.
A ‘hit it and move on’ broker scam — and more loopholes
That phrase – “hit it and move on” – was DAT Compliance Manager Tami Hart’s description of what amounts to a crooked business model among a small fraction of federally authorized brokers: Move as many loads as possible, fail to pay carriers and vanish….
‘You just lose’ when middlemen don’t pay: Broker reform eight years in the waiting
As bureaucrats ignore mandated freight finance reforms, insolvent brokers squeak by, and crooked brokers keep scamming. Owner-operators and small fleets suffer the consequences.
<$1/mile freight? C’mon, brokers, really?
For too many brokers fishing for sub-$1/mile rates, it’s like “tossing a peanut shell into the cage of a starving patriot,” says independent reader Jeffery Hanson. “The starving man will eat it. But he does not realize he is almost dead, just that he i…
For the love of … Patty the traveling road dog, with owner-op Rob Goodwin, and introducing ‘Over the Road’
After an expensive encounter with a bad broker cost him $10K and, ultimately, his small fleet business and authority, owner-operator Goodwin found his stride with one truck leased now to Terra Trucking, and with an uncommonly important companion in Pat…
Owner-op Rob Goodwin sees utility in no-broker, shipper-carrier connection platform RiteLoad
Owner-operator Rob Goodwin lauds growth in freight volumes and consistency in the shipper-carrier connection platform Riteload, who’s invested in a 33,000-square-foot office facility near Philadelphia as business grows for the company.
POLL: What sources do you use to check an unfamiliar broker’s credit?
When you’re weighing the decision to do business with a broker you may be unfamiliar with, what sources for creditworthiness information do you most often use, whether a partner factoring company or load board source of information or a full-blown cred…
How to file against a broker’s bond — and other collections-related resources
Clearly, broker nonpayment has been an issue for plenty owner-operators over the years — in response to recent polling, three in four reported taking some recourse in the event of nonpayment. The most common single avenue followed: filing a claim on t…
News roundup, Dec. 19: New no-fee quick-pay option; PFJ opens new California location
LoadDelivered, the freight management division of Capstone Logistics, launched a new “QuickPay+” program with “free, one-day payments,” the company says. A new Flying J Travel Center opened this week in Jurupa Valley, California, near the intersection …