Broker News

The New Congress—a Broker's Friend?
The New Congress—a Broker's Friend?

We talked to TIA Senior Government Affairs Manager Chris Burroughs to see how the changes in Washington will affect transportation and logistics professionals. See his opinion, as well as a status report on trucking regulations that are likely to be acted on in the coming year. Plus, read about the recent suspension of certain Hours of Service regulations for drivers.

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5 Ways a New Carrier Insurance Law Could Affect Brokers
5 Ways a New Carrier Insurance Law Could Affect Brokers

Just as the industry is getting used to last year’s HOS rule that pushed up prices and decreased capacity, a new proposal to increase carrier insurance is moving its way through Washington. The FMCSA has submitted an Advanced Notice of Proposed Rulemaking that recommends raising the limit, though it doesn't specify a dollar amount. See how this legislation is likely to affect brokers.

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Booklet & Webinar Help Brokers Combat Fraud
Booklet & Webinar Help Brokers Combat Fraud

<p>The publication of the "2014 Framework to Combat Fraud" is the result of a one-year effort by a 38-member task force made up of experts in freight broker operations, carrier operations, risk management, insurance and transportation law. The booklet details the scope of the fraud problem and offers tips on how brokers can prevent it and what they should do if they find themselves victims of fraud.</p>

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5 Ways to Combat the Capacity Crunch
5 Ways to Combat the Capacity Crunch

In the March 14 blog post Say Goodbye to Excess Truckload Capacity, our industry pricing manager Mark Montague mentions several factors that are putting a squeeze on capacity. Weather-related delays and low inventories, combined with a steadily improving economy, are increasing demand. Meanwhile, the growing driver shortage and decreased productivity due to new HOS rules and other factors, are reducing supply.

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DAT Now Offers TMS for Brokers
DAT Now Offers TMS for Brokers

Unlike most TMS applications that are built from a foundation and infrastructure of managing assets and drivers, DAT Keypoint is optimized from the ground up specifically for the fast-paced broker environment. Long before “big data” became a buzz phrase, our staff understood the value of your data: being able to access it, analyze it, and make business decisions...

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Hours of Service Rules Affect Brokers, Too
Hours of Service Rules Affect Brokers, Too

You might think that the hours of service (HOS) regulations that began July 1, 2013 only affect carriers. But any rules that reduce the flexibility of carriers’ schedules ultimately affect brokers. Already, there is evidence that the new regulation is increasing rates and decreasing productivity. In case you’re not familiar with the details of HOS, the most significant changes include:

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"Is it Too Late to Get a $75K Broker Bond?" and Other Questions Answered
"Is it Too Late to Get a $75K Broker Bond?" and Other Questions Answered

<p>The October 1 deadline for the broker bond has come and gone, yet I'm still getting plenty of questions related to the bond. Here I address some of the most common questions. Q: I’m still unclear on the deadlines for the $75,000 bond. Isn’t the FMSCA giving us additional time to get the bond? A: Although MAP-21 became law .../p</p>

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FMCSA Announces Phase-In for $75K Bond Rule
FMCSA Announces Phase-In for $75K Bond Rule

On September 5, the Federal Motor Carrier Safety Administration (FMCSA) issued a notice regarding the enforcement of certain provisions of the Moving Ahead for Progress in the 21st Century Act (MAP-21). One of the provisions of MAP-21 requires that all freight brokers and freight forwarders have a $75,000 surety bond or trust fund by Oct. 1, 2013.

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“How Much Will a $75K Bond Cost Me?” And Other Questions Answered
“How Much Will a $75K Bond Cost Me?” And Other Questions Answered

As most of you are aware, the Moving Ahead for Progress in the 21st Century (MAP-21) Act takes effect in less than two months, on October 1. One of the provisions of the act requires that freight brokers secure a $75,000 bond or trust fund—a significant change from the $10,000 that is currently required. From the comments on our own blog and ...

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Brokers Get Ready for New $75K Bond
Brokers Get Ready for New $75K Bond

A recent survey we conducted demonstrates that most brokers—or at least most brokers on the DAT Network—are aware of requirements of the Moving Ahead for Progress in the 21st Century (MAP-21) Act, which takes effect October 1. The survey contradicts opinions expressed in several recent articles saying that brokers are ...

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Brokers' Profit 2.8% Higher in 2012: DAT Survey
Brokers' Profit 2.8% Higher in 2012: DAT Survey

Freight brokers reported an average 2.8% increase in pre-tax profits in 2012, compared to 2011. Their annual revenues rose 1.4%, from $5.66 milllion in 2011 to 5.74 million in 2012, and margins increased from 14.1% to 14.3%, a 1.4% change. Non-asset brokers reported almost no change in the number of loads they handled per month, a 0.4% decline...

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