The federal government and many states have passed laws governing the hauling of steel coils by trucks and the various safety precautions that must be undertaken when transporting steel coils. The U.S. Department of Transportation defines steel coils several ways, including as metal rolls, coils, spools or coated electrical wire….
A trucker route broker is legally known as a freight broker. The broker arranges delivery between the shipper and the person or company receiving the product. To legally become a freight broker, you must register, apply and obtain an approval from the U.S. Department of Transportation, Federal Motor Carrier Safety…
The U.S. Department of Transportation (USDOT) Number is a unique number assigned to passenger and cargo carriers. The Department of Transportation uses the DOT number for a variety of purposes, including monitoring a carrier’s safety record, carrying out audits and investigating crashes. A USDOT number must be prominently displayed on…
Online training is a convenient and common way for professionals to enroll in classes that can be taken during any time or day of the week. Students studying to become freight brokers can take online training to prepare for licensing and to learn the basics of the freight brokerage business….
Bond Broker: The billions of dollars that pass through U.S. securities exchange groups daily are used to buy stocks, mutual funds, securities and bonds. Bond brokers are responsible for handling the sales of these bonds, issued by corporations to raise capital. Bond brokers are highly qualified and highly knowledgeable about…
Federal Tax Laws on Trucking Full-time truck drivers are aware of the federal laws that govern the transportation industry. It is always important to brush up on tax laws so operators can best take advantage of tax deductions and know ahead of time about new regulations and taxes in the…
Trucking Software: The trucking system has implemented information systems technology and software to make operations more efficient and resourceful. There are Windows-based software packages that trucking companies can integrate into their business. These software packages have many user-friendly interfaces. There are no federal regulations governing the use of software for…
Getting a surety bond released essentially means terminating it, because you have successfully performed the duty the surety bond was meant to insure. It is fairly simple to release a surety bond: all you need to do is apply to the bond producer, or broker, who arranged the surety bond….
A freight broker company brings together a shipper that needs to transport goods and an authorized carrier who wants to provide the service, according to “Entrepreneur” magazine. QuickBooks accommodates the bookkeeping needs of a freight broker company with its estimates, which users can seamlessly roll over into invoices. In addition,…
Loss prevention in any business is an important topic, especially in challenging economic conditions. In difficult times, business owners look for any means to cut expenses and flows of money out of the business that stifle profitability. The trucking industry is no different. Plus, it is faced with the additional…
Logistics refers to the transportation of goods and merchandise raw materials or finished products from the point of production to the point of final consumption. Different modes of transportation like road, rail, water and air can be used for the effective management. Every mode of transportation requires a different set…
Insurance & Bond Requirements: Vendors that do business in cities and municipalities are typically required to provide evidence of having adequate insurance and bond coverage. This will need to be provided to the city, where you plan to do business, before you can start work or provide services in…
Fossil fuel helps produce cheap energy. Modern industries depend heavily on energy supplied by fossil fuels. In fact they are the backbone of the auto, steel and transportation industries. However, these industries will face the repercussion of the rapid depletion of the energy reserves. The common man will also be…
Depending on what type of broker you are working with the commissions will vary. A stock broker commission will differ from a real estate, insurance or mortgage broker firm. However commissions are generally based on a specific dollar amount, whether it be the total cost to purchase stocks, a loan…
Domestic trucking is the most common way to transport products and materials throughout the United States. Ranging from fresh produce to project materials, or even hazardous goods, all LTL truckloads are subject to regulations imposed by the U.S. Department of Transportation. A LTL shipment takes place when a trucking company…
In the transportation industry, the terms owner-operator and broker are used commonly. Knowing the definitions of these jobs will help you better understand the logistics behind this industry. Owner-operators are truck drivers who own their own truck, have all of the appropriate licenses and permits, and do all of the…
Brokering freight from home can be a lucrative business for an entrepreneur. The process involves matching shipper loads to authorized carriers, for which you earn a commission. Running a freight brokering service begins with formulating a business plan and obtaining the requisite authorizations. Building a good network within the freight…
Exempt Bonds: Municipal bonds are a type of bond that allow you to earn interest without paying any taxes on it. While this could be looked at as a major advantage for some investors, these bonds are not without a few drawbacks. The problems may be enough to keep you…
A Freight Agent is responsible for organizing, tracking and billing cargo shipments of all kinds. The work involves coordinating with customers regarding goods to be shipped, method of shipment, special requirements for shipping, customs, tracking shipments, local pickup and delivery, and invoicing. Most freight agents are employed by freight brokers or…
When you begin investing in the stock market, it is important to choose the right broker to handle your investment accounts. When comparing brokers, consider the capabilities of the brokerage company and compare this to the price of its service. Different brokers will be appropriate for people investing in different…
