Nov 07, 2017 • Brokers

Broker Carrier Agreement

Broker Carrier Agreement

A broker carrier agreement is required in order to have a freight contract that will ensure a motor carrier hauls truck freight for the freight broker.

Broker Carrier Agreement

A freight broker may negotiate a rate with a carrier before agreeing to freight contract terms and signing a Broker Carrier Agreement. Let’s say a freight broker posts a load on a load board that needs to be picked up from Dallas and delivered to Kansas City.

The freight broker may offer to pay the carrier $1,000 but the carrier wants to negotiate a higher rate. Eventually, the two parties agree that $1,300 is a fair rate and they wish to proceed. This is where a Broker Carrier Agreement comes in.

A Broker Carrier Agreement will include things like:

The Broker and Carrier’s Information (including MC#)
Agreement Date
Days to Pay
Procedures for Invoicing
Liability and Insurance

Broker Carrier Agreement Example

Carriers want to know when they will be paid, what sort of liability they might be required to have any other stipulations of the truck load before considering to haul it. Without the broker carrier agreement, truck freight cannot be booked and subsequently hauled.

Find Freight Carriers on Truckloads Load Board

Brokers can’t come to an agreement without having an interested carrier in the mix. So how do freight brokers find carriers? This is where tools such as load boards come in to play.

Truckloads free broker load board is one of those with unmatched technology. It provides you with access to over 100,000 verified freight carriers who are qualified to haul your freight. It’s easy to post truck loads via CSV or TMS and you can keep tabs to see which freight carriers have viewed your load and how many times.

Truckloads also has unique features such as Truck Search which allows you to search for available trucks in a specific location. View a carrier’s Safer Watch Rating to confirm if they are qualified and if you’re interested, contact the freight carrier directly. Now you can move more truck freight than ever before!

[button text=”Find Motor Carriers Now” href=”https://truckerpath.com/truckloads/broker-signup/?utm_source=blog&utm_medium=brokercarrieragreement” width=”250px”]

TagsFreight Broker

Industry Update - January 17, 2020 <h4>By Paul DeCoste</h4> <h3></h3> <h3></h3> <h3><strong>Did you Know?</strong></h3> This week, the Senate passed a <a href="https://www.ttnews.com/articles/senate-passes-usmca-trade-deal">new trade deal with Canada and Mexico</a> that will boost current American exports to those countries by $33 billion. The official 89-10 Senate vote gave us a rare example of bipartisanship in modern politics. Since this deal expands the amount of agriculture and manufacturing that needs to be transported, it will end up being great for the trucking industry. On top of that, this deal introduces new ways to eliminate fraud and counterfeit goods, allowing the digital sector of the American economy to flourish. <h3></h3> <h3><strong>Trucking Tip of the Week</strong></h3> <a href="https://www.truckersnews.com/gear/roaster-makes-in-cab-cooking-taste-homemade/">Cooking on the road?</a> RoadPro’s new portable roaster makes it easy to cook delicious meals right in your cab. The roaster plugs into any 12-volt power outlet and can accommodate glass baking sheets or reusable aluminum baking pans. <h3></h3> <h3><strong>Startup Technology</strong></h3> <a href="https://www.freightwaves.com/news/toyota-invests-394-million-in-flying-taxi-startup-joby-aviation">This startup company is reinventing the way we think about commuting.</a> <h3></h3> <h3></h3> This week, Joby Aviation received a $394 million investment from Toyota. Joby Aviation is working to create a flying taxi that can hit top speeds of 200 mph and run off a battery charge for over 150 miles. In addition to the capital that Toyota has invested, Joby has raised a total of $720 million to make their transportation solution practical for the masses. Although most of the information about this VTOL aircraft is kept secret, pictures prove that it consists of six rotors and has five seats inside the cockpit. <h3></h3> <h3>Combating<strong> Human Trafficking</strong></h3> Susan Collins, along with 7 other members of Congress, <a href="https://www.ttnews.com/articles/susan-collins-7-other-lawmakers-recognized-combating-human-trafficking">was recognized for her legislative efforts</a> to reduce human trafficking throughout the nation. Over the past few years, Senator Collins has supported legislation that targets online forums that solicit human trafficking. She recently helped pass the “Runaway and Homeless Youth and Trafficking Prevention Act of 2019” legislation. <h3></h3> <h3>Tire Thieves Caught</h3> <a href="https://cdllife.com/2020/texas-couple-sentenced-for-semi-truck-tire-theft-conspiracy/">Joel Vargas, 34 and his wife, Angelica Vargas, 39</a>, were recently sentenced to 235 months and 60 months, respectively, in federal prison for robbing more than 100 tire stores over a 15-year period. They continuously targeted commercial tire businesses and stole numerous amounts of rental vehicles to carry out their jobs. They are part of a multiple-person conspiracy which ended with the convictions of five other individuals.

Jan 17, 2020 • Carriers

Industry Update - October 11, 2019 <h4>By Paul DeCoste</h4> <h3></h3> <h3></h3> <h3><strong>Did you Know?</strong></h3> California’s governor recently <a href="https://www.truckinginfo.com/340211/california-bill-means-end-for-independent-trucking-in-state">signed a bill</a> that has the potential to eliminate leased on drivers in the state. California is enforcing an ABC test on trucking companies and the contractors these companies hire. This means, a trucking company must prove that its drivers (if contracted) are “performing work that is outside of the company’s usual course of business.” If a driver cannot pass this test, the company cannot hire him/her. This bill is currently being opposed by the California Trucking Association. <h3></h3> <h3><strong>Trucking Tip of the Week</strong></h3> Dock wait times are not going down. <a href="https://www.freightwaves.com/news/know-before-you-go-the-impact-of-seeing-wait-times-before-accepting-loads">The current average wait time for drivers at the dock is 150 minutes.</a> Make sure that you are tracking your detention times as accurately as possible and actively negotiating detention rates with docks that you have never been to before, and especially ones that are known to have issues! <h3></h3> <h3><strong>Diesel</strong></h3> Diesel prices have fallen <a href="https://www.ttnews.com/articles/diesel-falls-15c-3066-gallon-oil-slides-5427">1.5 cents per gallon as oil continues to slide as well</a>. The average fuel price for drivers is nearly 25 cents cheaper than it was in September last year. All regions in the United States have experienced this fuel price decline except for California. <h3></h3> <h3><strong>Driver Appreciation Week</strong></h3> This year’s Driver Appreciation week was a great success! Companies like Trucker Path, ATA and trucking companies across the nation spent the week honoring the drivers of America in many ways. Some of the <a href="https://www.ccjdigital.com/fleets-recognize-drivers-with-truck-driver-appreciation-week-events/">most notable celebrations</a> included; free meals for drivers (Werner),family events (J.B. Hunt),and themed terminal days for the entire week (Hirschbach). Trucker Path was also giving away free subscriptions for the premium app version for the entire week. Thanks for everything you do drivers! <h3></h3> <h3><strong>Influen</strong><strong>tial Woman in Trucking</strong></h3> This year, Ruth Lopez of Ryder transportation, received the award for Influential Woman in Trucking at the Women in Trucking Accelerate! conference. Ruth has been with Ryder for over 20 years and is currently their director of transportation management. <h3></h3> <h3></h3> Throughout her esteemed career in trucking, Ruth has managed hundreds of team members. Team members that not only include drivers in the United States, but in Mexico as well. On top of that, she has managed Ryder’s women’s leadership program for three years. Although she was extremely humble when discussing her surprise in finding out she was nominated for this award, and even stronger humility when she was announced that she won, those around her know that she was the perfect candidate for this award. Congratulations Ruth!

Oct 11, 2019 • Carriers

Trucker Terms [p] If you're going to make it in trucking these are the trucker terms you'll want to remember along with some good ole trucking slang you'll hear on the CB radio. [/p] [h2] Trucker Terms [/h2] [p] Being a trucker is not only a unique way of life, it also comes with a unique way of communicating that only those in the trucking industry probably can decipher and understand. [/p] [p] <strong> 10-4 - </strong> acknowledging something [/p] [p] <strong> 10-6 - </strong> busy right now [/p] [p] <strong> 10-8 - </strong> en route [/p] [p] <strong> 20 -</strong> location [/p] [p] <strong> 4-Wheeler -</strong> automobile [/p] [p] <strong> APU -</strong> authorized pick-up [/p] [p] <strong> Backhaul -</strong> retuning load to home location [/p] [p] <strong> Bear Trap - </strong> speed radar trap [/p] [p] <strong> <a href="https://truckerpath.com/blog/freight-contracts/">Bill of Lading</a> - </strong> document that details information regarding the goods being hauled by a carrier from a shipper [/p] [p] <strong> <a href="https://truckerpath.com/blog/what-is-a-weigh-station/">Chicken Coop</a> - </strong> Weigh Station [/p] [p] <strong> Chicken Lights - </strong> Added lights on and around a truck [/p] [p] <strong> Chocks -</strong>blocks placed in front and behind wheels to prevent truck from rolling [/p] [p] <strong>Cosignee - </strong>person who receives the goods [/p] [p] <strong>Cosignor - </strong>person who ships the goods [/p] [p] <strong> County Mounty -</strong> - county sheriff [/p] [p] <strong> <a href="https://truckerpath.com/blog/what-is-deadhead/">Deadhead -</a></strong> miles driven with no load [/p] [p] <strong> Dry Van -</strong>standard enclosed truck trailer [/p] [p] <strong> ETA -</strong> estimated time of arrival [/p] [p] <strong> Freightshaker -</strong> Freightliner truck [/p] [p] <strong> GCW (Gross Combined Weight) - </strong> combined wieght of tractor/trailer and load [/p] [p] <strong> Gear Jammer -</strong>speeding driver [/p] [p] <strong>Hammer Down -</strong> drive faster [/p] [p] <strong> Hopper -</strong> truck that empties load through bottom that opens [/p] [p] <strong> HOS -</strong>hours of service [/p] [p] <strong> Intermodal -</strong> shipping container freight [/p] [p] <strong>Jack-Knife -</strong>when trailer is pushed to the side of the tractor [/p] [p] <strong> K-whopper - </strong>Kenworth truck [/p] [p] <strong> Kingpin - </strong> pin where the axel wheel pivots [/p] [p] <strong> LTL (Less Than Truckload) -</strong> load less than 10,000 lbs. [/p] [p] <strong> Motor Carrier -</strong> person or company that is responsible for transporting goods via a commercial motor vehicle [/p] [p] <strong>P&D Driver -</strong> pickup and delivery driver locally [/p] [p] <strong>Payload - </strong>weight of the load [/p] [p] <strong>Peddle Run - </strong>route with lots of deliveries [/p] [p] <strong>Pete - </strong> Peterbilt truck [/p] [p] <strong>RC (Rate Confirmation) -</strong> the rate shipper or broker agrees to pay carrier to haul a load [/p] [p] <strong> Reefer -</strong> refridgerated truck trailer [/p] [p] <strong> Shiny Side Up - </strong> top of truck; don't crash or roll over [/p] [p] <strong> Sliding Fifth Wheel - </strong> fifth wheel that can be slid back to redistrubute weight on the axels [/p] [p] <strong>Trucking Authority -</strong>FMCSA approval to haul loads [/p] [p] <strong>Willy Weaver - </strong>drunk driver [/p] [h2] Using Trucker Path Along Your Route [/h2] [p] Now that you know the trucker terms and are talking like a real driver, it's time you use a tool that most truckers rely on to help them save time and money - the <strong>Trucker Path app. </strong> [/p] [p] Trucker Path is free to download and helps drivers: [/p] [ul] [li] Find truck parking with real-time updates [/li] [li] Browse through the list of amenities a location offers [/li] [li] Check to see if a weigh station is open or not [/li] [li] View Walmart locations and know if they allow truck parking [/li] [li] Compare diesel prices to save on fuel[/li] [li] Plan their route to show locations along their trip [/li] [li] Read through fellow drivers reviews of a location [/li] [li] Find restaurants near truck parking locations and much more! [/li] [/ul] [button-green href="https://truckerpath.com/trucker-path-app/?utm_source=blog&utm_medium=truckerterms "]Try Trucker Path Today![/button-green] [video id="EIs5Rk6xpm4"]

Oct 05, 2017 • Carriers