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Freight Group

Public • 245 • Free

34 contributions to Freight Group
High Value Insurance
Class I need some help from the freight broker side. I have a new customer that will require HV insurance, since most carriers are only insured up to 100k, how do you usually tackle this? Contingent insurance policy or purchase on a per load basis. For extra credit; if you could also drop some referrals.
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New comment 17d ago
2 likes • 29d
from and insurance perspective: unless you specifically tap your coverage limit on those loads contingent coverage will only ever cover up to the value of the carriers insurance (per most policy terms). Most forwarders handle insurance on a shipment by shipment basis and charge a fee for their customer for providing the service so this could also be a way to generate revenue for you however note that if these are million dollar shipments you’re going to need to get creative with your carrier network. Good luck!!!
Another Double Brokered Load
We have been getting hit hard with double brokering but, with the help of loading and receiving warehouses, we have been able to stop it. Thought we had all strategic processes in place until last week. Before Carrier A was loaded, we confirmed MC/DOT on the truck matched up. Sometime after pickup, our cargo was offloaded and loaded on to Carrier B who in turn delivered our freight. Although Carrier A's factoring company sent us an invoice, they advised we legally do not have to pay them as dispatch never submitted the load to them. Carrier A expressed frustration that I reached out to their factoring company. To find out, he had no intention of submitting this load to them and only did so after the Factoring Co called to find out what was going on. Carrier A & Carrier B have separate DOT/MC #'s, addresses, etc. Although separate, Carrier A is trying to justify his actions in passing on our load saying both carriers are owned by the same person. I did obtain the carrier packet from Carrier B and sure enough the W9 is signed by the same person who signed Carrier B's W9. If owner in fact owns both entities, this still does not provide a loophole to double broker and do not want to get caught in games when it comes to payment as both physically had a part in the load. Carrier B has yet to reach out requesting payment. Has anyone run into this type of scenario and if so, how did you handle resolution?
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New comment Aug 21
2 likes • Aug 17
@Sheri Gonos ugh dealing with this is so rough right now! From the insurance side we are seeing these claims almost daily right now (west coast). There’s no true way to fight it besides coverage and vetting- at least until the FMCSA comes out against these carriers.
1 like • Aug 20
@Bill Robinson thanks for the glowing endorsement Bill!! When it comes to all things freight brokerage we try to provide the best coverage possible but we are up against the FMCSA providing how many MCs a month? I think it was 900 or something the last time a count went out… insane. Don’t quote me on that number!
CN/CPKC Rail Strike
CN/CPKC are the only 2 rail lines in Canada. We call them the DUOPLOLY in Canada. IN 20 plus years have never had both rail lines go down at the same time. The Teamsters are the union for both rail lines and normally negotiate 3 years deals and in past their agreements have been 1 year apart. CPKC negotiations got delayed to bring them into 2024 same year as CN. CPKC has already advised they will NOT negotiate further, they will lock the union out Monday or Tuesday if they do not ratify. The rail lines expected like most of us in Canada that the CIRB Canadian Industrial Relations Board would make the rail lines essential. The CIRB did not, actually stated they are not essential and can strike. Dumbfounded as they move food, meat, pharma, grain, steel and all bulk exports overseas and to the USA. The rail lines want our Liberal Government to intervene. They expect after 3 days of being shut down the Feds will mandate all back to work. The 3 day shut down is part of the overall cost, the rail lines started shutting down this week not the 22nd as posted in all statements. The rail need a week to reposition and become fluid for every day they are down, hence the reason the $$ is much higher than only 3 days. My entire week as been planning trucks for contingency with our teams. Carriers smell blood after dealing with low rates since COVID. A FF asked us to pay $14,000 from BC to ON yesterday, normal rate with rail is $3000.00. We are trans loading and moving at $6000.00. For those who do not work with rail, stop asking carriers in Canada how they can justify the rates. All are affected and carriers are far more sophisticated as they are following the rail announcements
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New comment Aug 30
3 likes • Aug 16
From what I’ve heard this is a real issue Bill- between the fires that were going on in Canada and the ILA strike this is bringing a lot of ocean freight west from the east coast. We could see ILA lockdowns today.
3 likes • Aug 16
Is it October? My source was indicating August but I wouldn’t mind giving the government more time to negotiate!
Got to be Legit!
When onboarding a new carrier. which one of these email accounts would you TRUST that the carrier/driver is legit! LOL Gmail Yahoo MSN Mac AOL In my opinion it’s the AOL accounts we should trust. These usually are accounts for the driver with the 99 Peterbuilt from Alabama who still buys the country cds at the truck stops and is just ready for another load. The new scumbags in our industry use all the other email accounts… Because they have never heard of AOL! 😂 😝 😆
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New comment Jul 29
5 likes • Jul 27
The amount of double broker scams I’ve seen recently where the thread shows a gmail account recently makes chastise my carrier. Currently working on some articles I’ll share here when complete!
Cost to operate rise yet again
The story of inflation & cost to do business continues to get bleaker for our carrier friends out there. With most freight I see on the board barely being above this $2.27 operating cost estimate is the damage more then people are aware of to the carriers? https://www.ccjdigital.com/economic-trends/freight-demand/article/15678318/permile-cost-of-trucking-hit-record-high-in-2023?utm_medium=email&utm_content=06-26-2024&utm_campaign=CM_NL_CCJ+Daily&utm_source=CM_NL_CCJ+Daily&ust_id=3c8edb5b1c3638e951e9bedb13d445f98bb2419a&oly_enc_id=9629J8650390I5N
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New comment Jul 16
Cost to operate rise yet again
3 likes • Jul 2
@Bill Robinson oh gosh- I personally think those late night attorneys saying “sue for anything” are the biggest issue! I’m all for if you or your family gets hurt you should sue however insurance claim fraud is so bad right now that’s it’s rolling down to the every day business owner. On top of that you have progressive issuing insurance to everyone (which is a good and bad thing) and paying no claims because anyone can get in the portal and file coverage nowadays. Nuclear verdicts will continue to be an issue until people realize that the cost just rolls down to the little guy!
3 likes • Jul 2
@Bill Robinson I read that article when you posted it here! The other big issue we see within broker and carriers policies is unattended vehicle exclusions which indicate if the goods get damaged/stolen while the driver is out of the truck for whatever reason then the policy may not react. This is why I always encourage the art of control F and reading your forms!!
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Sydnie Theisen
4
10points to level up
@sydnie-theisen-6502
Insurance nerd working on my ten thousand hours in transportation! Specializing in all things supply chain.

Active 22d ago
Joined Feb 21, 2024
Phoenix,AZ
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