In The News

March 02, 2015
Remove CSA Scores From Public View?

House introduces bill to clarify CSA ratings’ role in hiring carriers...

Five Republicans in the U.S. House have introduced a bill that would require shippers, brokers, freight forwarders and others to vet carriers prior to hiring them. The bill also aims to remove the public assumption that carrier rankings in the DOT’s Compliance, Safety, Accountability program should be used as a tool to hire carriers.

The bill would require those hiring carriers to: (1) check their registration status with the DOT, (2) ensure they hold the proper amount of liability insurance and (3) ensure they have not been given “unsatisfactory” safety ratings.

[Read More]
February 24, 2015
Freight Forwarder vs Broker?

What's the difference between a freight forwarder and a broker?

Freight forwarders are companies that specialize in arranging storage and shipping of merchandise on behalf of their customers. They physically take charge of merchandise and usually ship under their own bills of lading and provide preparation of shipping and export documents. Consolidation, transportation and and insurance of the freight is the responsibility of the forwarder. They also book cargo space and negotiate rates for transport.

[Read More]
February 11, 2015
Record Year for Independents

Record year for owner-operator income: Here are the numbers...

Owner-operators, led by independents and flatbedders, had a record year for net income, according to averages from ATBS, the nation’s largest owner-operator financial services provider.

Leased operators and independents together cleared an average $56,167 during 2014. That’s 7 percent above the 2013 average, $52,406. Strong freight demand, a driver shortage and plunging diesel prices contributed to the increase.

The 2014 total “is $2,000 higher than we predicted and most of it comes from the fourth quarter fuel cost reduction,” says Todd Amen, ATBS president and CEO. “All segments had a really good year.”

[Read More]
Tags: Income, pay