Help me understand this....

Discussion in 'Freight Broker Forum' started by nikmirbre, Oct 8, 2021.

  1. nikmirbre

    nikmirbre Road Train Member

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    I got a call from a broker who frequently posts on Truckstop. I checked his credit and it says his Authority was granted 8/31/21.....but, it says his surety bond was in effect 9/14/20. However, his broker authority says its revoked....... I use RTS for credit checks....
     
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  3. mp4694330

    mp4694330 Road Train Member

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    Did You confirm on Safer that data is right ?
     
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  4. nikmirbre

    nikmirbre Road Train Member

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    Yes I did.
     
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  5. JonJon78

    JonJon78 Road Train Member

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    Not to de-rail this thread but, how much of a difference is your insurance costing as a full independent versus where you were leased onto? Just curious...
     
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  6. nikmirbre

    nikmirbre Road Train Member

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    It was kinda confusing for me insurance wise because I thought the majority of the cost of insurance would be cargo and liability. My insurance where I was leased to was roughly 6k a year(thats for truck insurance) and now on my own for truck insurance only I pay roughly 12k per year(my equipment is about $180,000) and about $3000(if that) for cargo and general liability.
     
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  7. 86scotty

    86scotty Road Train Member

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    I would not run for a broker that new unless the stars lined up in a BIG way. Basically, I'm saying i wouldn't run for a broker that new. Just too risky when there are so many others out there with some skin in the game.

    They might be solid, they might be great, but this business is too risky already for me to take that chance personally.
     
  8. nikmirbre

    nikmirbre Road Train Member

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    Which brings up another point...... A similar broker had a MC number 093xxx, definitely not a new broker and have been around quite a long time. But when I check on them, the authority was granted about a year ago.
     
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  9. wichris

    wichris Road Train Member

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    FMCSA will re-use numbers that have been out a long time.
     
  10. JimmyTwoTimes

    JimmyTwoTimes Light Load Member

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    This. Alternatively, it is sometimes possible that they have a brief lap on their authority due to an administrative error. You can look on carrier411 and see how long the MC had an authority lapse and if contact information changed.
     
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  11. ProfessionalNoticer

    ProfessionalNoticer Heavy Load Member

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    If they pay me half up front and half at the drop I'll work with them otherwise forget it. Same goes for those with bad credit. Oh, and intrastate moves. No matter what intrastate moves must be paid upfront too since bonds don't cover those.
     
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