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Posts Tagged ‘start own business’

Hello, Fellow Drivers,  I found an interesting article from Land Line Magazine, February 2010.  For those of you with trucking authority, or want to get trucking authority, this article will be of interest to you.  Enjoy the read and remember to be safe out there.

By Jami Jones
senior editor

 With the start of a new year, truckers wanting to clear out their fee obligations are left without a clear answer on what they owe in Unified Carrier Registration fees for 2010.

The Federal Motor Carrier Safety Administration posted a notice to the Federal Register in September 2009 outlining new proposed fees. The extended comment period closed later that month.

FMCSA officials reported during the rulemaking process that states have been unable to effectively collect the UCR revenue they are entitled to by law during the 2007-2009 registration years. They believe the proposed new fee levels will both encourage states to aggressively enforce the UCR fees rule and generate the necessary revenue to execute state motor carrier safety programs.

The fee structure proposed in the rulemaking for 2010 is:

0-1 trucks………………………. $83
2-5 trucks…………………….. $166
6-20 trucks…………………… $497
21-100 trucks……………… $1,741
101-1,000 trucks…………. $8,373
1,001 or more trucks….. $82,983

Brokers and leasing companies will still be subject to the same fee paid by truckers in the 0-1 truck category.

However, as of mid-December 2009, the agency still had not published a final determination on the fees.

“There is an enforcement memo going out telling roadside law enforcement after the first of the year to not write tickets for not having your credentials in place in the cab because there simply isn’t going to be anything in place yet,” OOIDA Director of Regulatory Affairs Joe Rajkovacz told Land Line.

“That is not to say they will not be enforcing the payment of previous years’ UCR fees,” he added.Rajkovacz said truckers really need to make sure they have their proof of payment on

2009 UCR fees.

“Some jurisdictions are writing $1,000 tickets,” he said.

Rajkovacz said he expects the 2010 UCR fees to be settled sometime in the first quarter of 2010. LL

Trucking Authority – Brokers Bonds

Tuesday, December 8, 2009
posted by 18 Wheeler 10:43 AM

its all about trucking pic for blog on brokersHello, Fellow Drivers,

It’s been a while since I wrote to you.  Today I wanted to share an article written by a company that offers bonds for brokers of all kinds.  When you get trucking authority, you will need to check on the FMCSA website to see if you will need a surety bond to proceed in the trucking business.  Below is a short article written by one company that offers bonds to truck brokers, specifically freight brokers.  These are the people who find the loads for drivers and dispatches them accordingly.  Enjoy the read and remember to be safe out there!

Freight Broker Bonds
 
Like a host of other industries, freight brokers are required to obtain legitimate bonding before they can legally operate.
 
The Federal Motor Carrier Safety Administration (FMCSA),  www.fmcsa.dot.gov/,  mandates that brokers acquire these risk-mitigation tools to help protect consumers, state interests and freight companies. These bonds may also be referred to as BMC-84 Bonds, ICC Bonds or property brokers surety bonds. The FMCSA does have an exemption that allows brokers to possess a BMC-85 trust fund instead of the traditional freight broker bond.
 
How They Work
In essence, surety bonds are three-party agreements between a principal (the entity needing the bond), the obligee (the project owner or recipient of the work, often the state) and the surety, a neutral third party that guarantees the company will fulfill its obligations. These bonds are not to be confused www.suretybonds.com/insurance.html.
 
A freight broker bond provides a guarantee that all applicable laws and regulations will be followed. It also provides an avenue of recourse and financial compensation if a broker fails to fulfill its duties or engages in illicit or illegal activity.
 
Consumers or other injured parties can file a claim against the bond. If the claim is ultimately deemed valid bond company that issued the bond ensures compensation is provided.
 
How to Obtain Them
The market for freight broker bonds remains volatile after several years of frequent bond claims. In many states, these are considered high-risk bonds that may require significant collateral. There is a high-risk market for these bonds, and applicants should expect to pay higher rates and provide 100 percent collateral.

Putting Your Plan in Motion

Wednesday, September 2, 2009
posted by RollinAlong 8:32 AM

ks4764The first step to starting a successful business involves meticulous planning. Before worrying about minor details, you should sketch out the short-term and long-term goals of your trucking business. How will you handle hiring and logistics? Can you afford to start out with a fleet of trucks, or would it be more financially prudent to start out with just two or three?

By developing a trucking business plan, you can address these and other unique concerns in an organized, rational way. Getting your ideas and plans down on paper helps you to prioritize which tasks need to be addressed in which order. Don’t be afraid to reach out for advice from those who have been in your shoes before. Even the most experienced trucking magnate had to start somewhere.

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