Legal Double Brokering for Freight Brokers!? | Final Mile #44

[@angelamorris9507]

Thank you I get calls from brokers/carriers that make promises of high paying loads. I get so nervous and afraid because of this right here. We are a new company so we just book our own loads.

[@andrewnyduch]

Please help. I am a carrier who was dispatched on a job. I have the rate contract and signed POD. COI was completed and attached to the brokers information. Once the job is done. The alleged broker went MIA and became insolvent. Reached out to the actual broker RXO and they refused to do anything about it and told me to get the payment from the double broker. Now both brokers does not want to pay. When I am the carrier who holds all the contracts and POD. What should I do now?

[@Freight360]

If your driver hauled the freight you are owed that 💰 money from the cargo owner. BCO or beneficial cargo owner. Most often it’s the facility that you picked up from. I would start there. Contact them and explain that you were the company that hauled their freight. If they were the company that tendered the freight, they owe you the money for the service your driver provided. Even if the brokers in the transaction don’t pay you. Also, contact the bond company on file for the broker that sent you the load. They’ll likely decide in your favor.

[@jomomighty958]

Great content guys. I love the questions AND the answers. I have a question.. Does a freight broker need to fill out a MCS-150 form?

[@HumbertoColonIII]

Any time a motor carrier or other regulated entity changes its Legal Business Name, address, or other details in their record, they should update their US DOT and Operating Authority records with FMCSA in a timely manner. In addition, FMCSA requires all entities under its jurisdiction to update their information every two years. Freight brokers are exempt from this requirement unless they had something that changed in their business biography. Such as a change of business address, phone, manager, etc. Furthermore, IF YOU DID HAVE TO FILL OUT THE MCS-150 Form, the FMCSA would have sent you a friendly notification letter to your place of business 30 calendar days in advance from the due date.