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"Freight brokers appear unfazed by the collapse in spot truckload rates and the effects of moderating economic activity on demand, contractual rates and gross margins," Bloomberg Intelligence officials said.
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The definitions of freight “broker” and “bona fide agents” of freight brokers are being rethought by the Federal Motor Carrier Safety Administration. Do these terms need to be better defined?
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Over two-thirds of carriers and shippers told Denim that eliminating paper checks would improve their business operations.
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Whether you’re a motor carrier that works with brokers or you’re thinking of spinning off your own freight brokerage business from your fleet operations, you need to understand broker bonds.
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It’s not hard for a motor carrier to set up a brokerage arm— it mostly requires filing paperwork, paying some fees, and arranging a financial bond.
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