75k bond

It is getting much harder. And FMCSA has not agreed to allow pooling. But TQL and all the other mega brokers are happy for this.

 

The broker I work with is a very small operation. He had to pull the money out of his retirement for it. How many small operations can't do that. Another dumb move by OOIDA. Sometimes I wonder whose side they are really on.

 

Sign a few papers,pay 449.00 and done.

 

Where is that?

 

LOC from the bank.

 

It is very simple for large brokers b/c 75,000$ is nothing to them. They rape, cheat and steal from truckers all day long. And this is a great way to get them more freight to do so with. I'm a small broker so this loan is over one years salary for me. And bank loans are not a sure thing for this matter. Even though my company has a gold rating and great credit. I will stay a float but I know many good paying brokers will be going away due to this bs. It strikes a nerve with me for sure b/c I am a broker as well as a trucking company owner. I try to be fair to both sides on rates, if anything I favor the trucking end. But this new loan amount only assists the large brokers, which in all my experience equals lower rates for truckers. When I run the road I really try to use smaller brokers b/c they pay better and seem to be more honest about load information. ( weight, time for pick/drop) I don't see any upside for truckers with the new broker loan. If they wanted to make it equal they should have done percentage of freight. Large companies would have to put up hundreds of thousands in order to cover any kind of freight fraud not 75,000$. They do that amount in less then one week.