Freight Brokers

Find top-tier resources for freight brokers. Navigate FMCSA requirements, grow your business, and ensure compliance with ease.

August 3, 2020

Getting Transportation Insurance for Freight Brokers

The One Stop Shop at PFA continues to expand with easier ways to obtain quotes and more insurance offerings. Freight Broker Insurance Coverage Whether you are a new Freight Broker in need of insurance coverage to protect your brokerage or a current client needing additional coverage to satisfy new requirements on your expanding operations, you can now access the PFA insurance application on our website. This application helps guide you through the information needed for the special freight broker coverage lines of Contingent Cargo, Contingent Auto Liability, General Liability, and Professional Liability (aka: Errors & Omissions). PFA Truck Insurance We are also pleased to announce that due to overwhelming demand, PFA has expanded into offering truck insurance! We have a program that is favorable to smaller and newer carrier operations and is currently available in seven states (AL, AZ, GA, IL, NC, SC, TX). While we await additional states to […]
March 31, 2020

Ensuring Your Success – Spotlight on Shipper’s Interest

When the going gets tough, the tough get going. And there’s no question that the going is tough as Americans in all sectors and from all walks of life join together in the national and global fight against COVID-19. Network of Critical Shipments Despite the extreme adversity, today is an opportune time to be part of the network of critical shipments that are needed in our nation. This may mean you are suddenly facing new shippers, possibly higher cargo limits, commodities that are not common to you, and possibly a growing number of new motor carriers to deliver for you. Shipper’s Interest Cargo In the midst of all of this, we suggest that Shipper’s Interest cargo can help you with some peace of mind. Since the coverage limit is determined per load, you don’t have concerns of the trucker having adequate limits and acceptable deductibles. Shippers Interest is a quality […]
March 31, 2020

Your Expert Navigators – Supply Chain Best Practices during COVID-19 Pandemic

According to SensiGuard, these times merit special measures for Freight Brokers, Freight Forwarders, Motor Carriers and others in the transportation industry: In-demand items (sanitizers, soaps, facemasks, pantry staples) should receive increased security protocols. These items will be targeted more aggressively during the pandemic. Allow additional time to search for parking. Do not leave cargo unattended, even for a brief period. Instruct drivers to inspect trailers and seals prior to initiating route and at all stops, to ensure curtains/doors have not been penetrated. Confirm receiver availability and hours of operation as they may have changed. Be prepared for notification mid-route that a receiving facility will be closed and be prepared to locate alternate destinations. If your organization has not done so already, conduct desktop assessments of your warehousing options and your provider’s security levels at any alternate sites. Example: Have your Logistics Service Providers (LSPs), provide feedback to you now on […]
December 5, 2019

Making Yourself More Marketable to Shippers

Recognizing that your customers are what ultimately drive your business, one of the key questions for many Freight Brokers is “how can you make yourself more marketable to Shippers?” The basics of self-marketing 101 in the transportation industry include Cargo protection, General Liability protection and Auto protection. How about ensuring that you have a supplementary indemnity in place (at least $25K)? It’s worth considering. These small investments can yield significant increased opportunities. Insurance Grows Revenue Most people believe insurance is about protection. And at its very core, it certainly is. Yet, have you considered how it can grow your revenues? We have seen insurance coverage increase revenues by making Freight Brokerages more marketable to Shippers, as just one example. Shipper’s Interest Cargo Time and time again, it seems to come back to the basics of 1. Cargo protection 2. CGL protection 3. Auto Protection. We see contractual demands. We see […]
May 23, 2016

What’s New for PFA Brokers?

Latest PFA Protects Updates Autopay Now Available Pacific Financial Association now has autopay! Let us make things easier for you, our valued brokers, to make your BMC-85 trust fund payment. If you are not already signed up for autopay, please contact your account manager and receive $50 off of your next payment when you sign-up for this convenient service. We also now accept American Express in addition to VISA, MasterCard, Discover, and checks. Factoring Receivables We are committed to providing exceptional customer service and finding ways to help you as a broker, be as successful as possible. If you are having cash flow issues due to slow-paying shippers, there are solutions! Your dedicated PFA account manager will provide you with information and an excellent referral source to help you focus on sales and growing your business. DOD Performance Bonds Many of you have inquired about DOD Performance Bonds and we […]
May 23, 2016

Stay Compliant: Update Your Information with the FMCSA

FMCSA Phased Rollout of Unified Registration System The FMCSA launched a phased rollout of the Unified Registration System (URS). All new registration applicants are currently using the new URS Application. Existing registrants (entities that have a USDOT number and/or operating authority) can update their information using all of the existing processes – online and paper forms – until September 30, 2016. After this date, existing registrants will use the new URS as well. Any time a carrier or other regulated entity changes its name or address, or other details in their record, they should update their USDOT and operating authority record with the FMCSA in a timely manner. In addition, the FMCSA requires all entities under its jurisdiction to update their information every two years. Per the FMCSA, failure to complete a Biennial Update will result in deactivation of your USDOT number and may result in civil penalties of up […]