Do not do loads for IGH Logistics

nothing now...

 

Not really- Try collecting from their customer

When they raised the Bond from 10k to 75k......I Knew it wasn't enough-

That Bond should be closer to a Million dollars- So Unless your a Mega-broker- Be hard to screw anyone.

 

I know this fraudsters.

 

IGH Logistics Group Inc | Freight Broker Alert

 

This is why I factor. Yep it's 4% but never have had a issue. If broker is on approved list Dave gets paid.

The Brokers should have to have a enough insurance to cover there 35 day rolling load average. Period

Be Safe Out There



Captain Dave

 

I agree with CaptainDave brokers need insurance relative to how much business they do. The problem is some brokers would have $1Billion in insurance and some $4500.
I have had 138 carriers place $455K against them so far.
In my opinion this is the same people that ran
HOV Trucking
TCH Carriers
HOV
Pro Alliance Network(PAN)
J&B Trucks Corp
and most recently, Maywood Freight Lines

 

Here is the simple math as I see it. I do about 300 grand in loads each year. 4% is 12,000.00 cost to me for the big yellow factoring company that owns thousands of Truckstops around the USA you know the one with the heart on it.

The 12,000.00 I pay them is 100% tax deduction. Join in.


Be Safe Out There


Captain Dave

 

Why don't you get a line of credit at your local bank or credit union and ditch the factor?

 

I think that his point was it is non-recourse, so he isn't on the hook if he takes a load from someone like IGH Logistics if they were on the factors "buy" list at the time.