About this episode
Brokers Trucking and More. We talked about how the industry is looking hard at freight brokers. How brokers are being accused of ripping off truck drivers and trucking companies. A broker is not under any law that limits him from any certain profit margin but it is pretty sad if in deed they are cutting the profits down to the bone as accused. Trucking companies invest in equipment, insurances and labor in order to run their companies. A broker has much less invested in making his company run. He needs a few sales people and great organizational skills. Really not much more is needed except for some great software to help out with the order he must keep. We are not here to judge but when freight picks up, trucking companies are going to remember the slaughter they feel they are being put through. Tune in to the podcast this week and hear Troy and Ruthann break down this touchy subject. Brokers trucking and More https://www.thetruckersreport.com/head-broker-group-says-truckers-can-blame-low-rates-not-brokers/https://blog.intekfreight-logistics.com/top-freight-brokerage-companieshttp://talkcdl.com/s2e27-truckers-face-off-with-protesters/http://talkcdl.com/truckers-crazy-driving-record/http://talkcdl.com/calling-all-truckers-we-all-need-you/http://talkcdl.com/d-o-t-gives-advice-to-truckers-d-o-t/http://talkcdl.com/trucker-tax-service-advice-to-truck-drivers/http://talkcdl.com/truckers-the-nuclear-bomb/ Rules a broker must play by 49 Code of Federal Regulations part 371.3, which I’ve highlighted elsewhere in the past — note particularly sub-items (4) and (6) to provision (a), and the very last provision, of course: (a) A broker shall keep a record of each transaction. For purposes of this section, brokers may keep master lists of consignors and the address and registration number of the carrier, rather than repeating this information for each transaction. The record shallshow:(1) The name and address of the consignor;(2) The name, address, and registration number of the originating motor carrier;(3) The bill of lading or freight bill number;(4) The amount of compensation received by the broker for the brokerage service performed and the name of the payer;(5) A description of any non-brokerage service performed in connection with each shipment or other activity, the amount of compensation received for the service, and the name of the payer; and(6) The amount of any freight charges collected by the broker and the date of payment to the carrier. (b) Brokers shall keep the records required by this section for a period of three years. (c) Each party to a brokered transaction has the right to review the record of the transaction required to be kept by these rules. Videos and Interviews BROKERS TRUCKING AND MORE. TalkCDL is always looking for new videos to post. We pay for videos and would like to see what you have. They must be your video and we will need the original recording. Send us your questions to Troy@TalkCDL.com. We will send you a dropbox file for you to drag and drop the video into. Also if you are wanting to be a part of the show please write to Ruthann@TalkCDL.com and tell its what you would like to speak about. Also if you are a DOT officer and are wanting to join our growing list of officers that frequent the show to give advice please write to us. If you are a trucking company or someone that has a business in trucking and you would like to become a sponsor, please write to us for commercial costs. Thank you to all that follow the show and write to us, we appreciate everyone of you. You are the reasons why we keep going every week after week. Thank you Staff