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Auto transport broker. An auto transport broker is a type of cargo broker that specializes in the shipping and transportation of vehicles. Most vehicles shipped in the U.S. are cars and trucks, but many brokers handle boats, RVs, motorcycles and other types of vehicles as well. Auto transport is classified as "specialized freight trucking ...
If a freight broker or auto transport broker does not comply with their contract, the carrier or the shipper may file a claim. The three parties to the agreement are: Principal: the freight broker / auto transport broker; Obligee: the party requiring the bond (FMCSA) Surety: the surety company; A freight broker bond is also known as a BMC-84 ...
A freight broker is an intermediary between a shipper and a freight service provider. Freight brokers can specialize in certain types of freight, such as equipment hauling on lowboys, oversize, bulk tanker, auto, or other types of freight transportation . A freight broker in the United States must be licensed by the Federal Motor Carrier Safety ...
In addition, he heads Transportation Economics, a consulting company focused on strategy, market research and forecasting for the North American freight transport market. Previously, he was a ...
National freight volumes are down about 4 percent year-over-year while capacity is as loose as ever, further depressing truckload spot prices in nearly every market in the country. The extent to ...
Insurance broker. An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers ...
It turns out that $1,000,000 isn't enough for some plaintiff's attorneys. Plaintiffs' attorneys have been suing freight brokers for years over alleged negligent selection and vicarious liability ...
Vehicle insurance in the United States. Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage.
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