New $75,000 bond?

I lick my chops @ make a Cell call.

 

I get an updated report of brokers for non payment and the list gets bigger each month, most of my runs are contract runs but once in a while a I use one and so far there is two that still owe me but I am going after the shipper, I've never done that so I don't know how it's going to turn out. I would love to post the list of dead beats here but don't know if it's ok. anybody know?

Oh by the way that old 7400 white brings back memories. Mine had the super 250

 

I don't think there's a rule against it. I've seen several members post up brokers who are very slow or even no pays. I belive at it's core that is what truckersreport is, see the company DAC reports... The word needs to get out on crooks so the rest of us whenever we see their freight, just completely dismiss it out of hand.

 

Mine had a regular NH250. There sure wasn't anything super about it, except the repair bills.

 

Freight Kings Inc / 811393 / Moorhead, MN
Top Recent Double Broker:
J & M Freight Brokers LLC / 786015 / Richmond, CA
ANG Transportation / Oxnard, CA / 645044
Universal Logistics Inc / 636521 / Buena Park, CA
Tripp Logistics LLC / 790346 / Atlanta, GA
New York Broker Services / 790480 / New York, NY
Several new brokers on the list this week:
Seaware Logistics LLC / 736094 / La Porte, TX
Freight Network Inc / 818433 / Decatur, GA
Windy City Cartage / 584590 / Schaumburg, IL
A2Z Logistics Inc / 746567 / Villa Rica, GA
JKC Enterprises / 309276 / Mansfield, TX
First Wave MRO(Shipper)/ Tulsa, OK
Freight Kings Inc / 811393 / Moorhead, MN
Watson Transportation Company / 461224 / Laredo, TX
Cedar Ridge Trading Inc / 738115 / Center Point, IA --- Back On List
Jetta Logistics Inc / 335025 / Prospect Heights, IL
Vickers Logistics Inc / 663233 / Memphis, TN
A Silver Trade & Logistics Co / 777595 / El Paso, TX
County Line Brokerage / 526955 / Indianapolis, IN
Allstates International Inc / FF5990 / San Antonio, TX
Bernard Transportation Group / 528789 / Flushing, NY
Will Transport LLC / 369102 / Monroe, LA
New Millennium Logistics / 807561 / Orem, UT
Green Hill Farms Produce / Shipper / Morristown, TN
JSR Logistics / 794746 / Fresno, CA
D-One Logistics / 229996 / Eden Prairie, MN
US Direct Transportation Inc / 306792 / Newnan, GA
Phoenix Worldwide Logistics / 815685 / Port Orange, FL
Renegade Transportation Inc / 550730 / Florence, SC
DR Carrier 4 Less / 810552 / Houston, TX
All Around Transport Services Inc / 810552 / Houston, TX
Express Logistics Services / 447038 / Middleville, OH
E and V Transport / 797760 / Laval, QC
Rail Service and Logistics / 822815 / Coulterville, NC
Axis Solutions Inc / 679140 / Clint, TX
National Logistics Inc / 306913 / Vass, NC
Dally Express / 725685 / Mountain Home, UT
Superior Service Express Inc / 240497 / Gallatin or Hendersonville, TN
Armstrong Trucking / 814865 / Lindenhurst, NY
WC Logistics aka World Class Logistics / 744527 / Las Vegas, NV
North American Refrigerated Carriers / 702086 / Las Vegas, NV
MAD Logistics / 419687 / Hudson, NH
Ashby Straight Shot Inc / 691253 / Willis, TX
Brisk Logistics / 805129 / Brownsville, TX

 

This new bond is a travesty. Come on drivers, time to stop sitting on your heads and start thinking with it.

WHY ARE SO MANY DRIVERS THAT CLAIM TO BE BUSINESS PEOPLE SO EXCITED ABOUT MORE GOVERNMENT INTERVENTION?

 

Yep that's right, brokers should not be made to post 10K bond, they should be allowed to run without Dot or any of those government interventions, Why should truckers be made to get DOT authority and these states with government intervention setting up scales, if you can get it on your truck you should be allowed to run as you please without government interventions. What's wrong with popping a few pills and smoking a few joints but you can't because of those government interventions. Close Washington and let everyone do as they please now that's good business don't ya think?

 

So other than just "sticking it to the brokers" and feeling good about that what exactly does a $75K bond increase accomplish?

 

The only thing I can see that it will accomplish is if the broker decides to quit paying trucks/companies a few more will beable to file against the bond and get their money. In the end it will change virtually nothing, if anything it will make slow payers or non-payers bigger violaters than they currently are.

 

I wonder why they decided to just cast a blanket law that affects all brokers equally. The income tax system is tiered, why can't this be? Why can't the bond be based off a % of prior years' gross revenue? This way, the large brokerages will be putting up what they should. They do $10mil in revenue, put up a bond of say 5%. That's $500k. The small broker that does $100k in revenue, put up $5k.

I'm sure the large brokerages won't have any trouble coming up with that amount, but at least it is there. I'm sure companies like TQL have their bond filed on 10x over in the course of a year. Now if they had to pony up more, and more of their money is at stake, maybe they'd be a bit more careful about non-payment and coming up with trivial reasons for non-payment, etc. A $10k bond on a large company like that is just about pointless. On a smaller brokerage, it might mean something.

Oh and to expand on Bill's post about more Gov't regulations, there are some regulations that are needed, I think we can all agree on at least that, but ones that hurt small biz in favor of large biz , whether intentional or not (and often times I believe it is the former rather than the latter), is what is really hurting this country. If they want to make regulations that affect the large ones much more than the small ones, I might go along with that, because I think small business is much more important that large corporations. I might go along with, say, mandatory EOBRs for companies that have more than 50 trucks, but not for ones at or less than that.