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The chief among them is raising the minimum broker bond from $10,000 to $75,000. The new provision goes in force on October 1, 2013, and has applied to all existing brokers retroactively. [6] The BMC-84 Freight Broker Bond is paid for on an annual basis. The freight broker bond cost is figured as a percentage of the bond amount depending on
A freight broker, in freight transport , over land in the United States by truck [2] is often used as part of the logistics. This may be part of an overall shipbroking using a cargo broker , a freight forwarder , third party logistics broker (3PL), and even a fourth-party broker, [ 3 ] when outsourcing is needed (as opposed to in-house) for ...
the freight broker bond increased from $10,000 to $75,000 [1] freight forwarders must also meet the $75k requirement [2] The freight broker bond increase took effect on October 1, 2013. Many freight brokers were against this change because they expected they would not be able to meet the new requirement.
FreightCenter is a privately owned, non-asset based 3rd-party logistics provider (3PL) with headquarters in Palm Harbor, Florida, United States.FreightCenter acts as a conduit between freight carriers and commercial or residential shippers located in the United States and Canada.
Since Farrow’s establishment in 1911, it has made 22 business acquisitions, [10] including the recent acquisitions of D&H International, [11] All Freight International, [11] W.Pickett and Sons, [12] Cavalier [13] and CK Logistics, [14] Charles Higgerty Limited and most recently, DJ Powers. Farrow acquired National Logistics services in 2015 ...
Freightquote, a C.H. Robinson company, [2] is an online transportation broker of freight services throughout North America, based in Kansas City, Missouri, United States. Their business provides comparisons of shipping rates for national and regional freight carriers. [3]
As of 2023, TQL was ranked the second-largest freight brokerage firm in North America by Transport Topics magazine, posting $2 billion in net revenue off gross revenues of $8.8 billion. [12] TQL has 56 offices in 26 states with more than 9,000 employees. [13] TQL has been ranked a Greater Cincinnati Top Places to Work 12 times.
In 2022, Flexport "raised $935 million in a Series E funding round that values the freight forwarding company at $8 billion". It has raised $2.3 billion since its inception. [12] In June 2022, Flexport announced that Amazon worldwide consumer chief Dave Clark would be joining Flexport as its new CEO. [13]
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