Process Agents
Transport Financial Services (TFS) works with several consultants to add their knowledge and expertise in the transportation industry to our clients, partners and transportation network. The transportation industry is starting to catch up to the advent of technology from Uber Freight to the implementation of the ELD program and our consultants can help you get started and stay ahead of the curve. Also navigating through the massive amount of paperwork to operate can be daunting but with experts in the field we have someone that consult and help you keep your business running.
Being a Freight Broker in Canada
https://www.ciffa.com/download/factsheet/Doing-Business-as-a-Freight-Broker-in-Canada_2.pdf
The basics.
For all shipments within Canada you need a Bill of Lading, Canadian Commercial Invoice (CCI) Shipment value and have a Commercial Invoice.
Legal
Transport Financial Services (TFS) partners with several companies to fulfill all your legal needs. We have an attorney in the network John Manning who is has numerous years in the transportation industry. Whatever the need is he can accomplish the legal aspect and guide you in the right direction. We direct our customers to John for specialty needs in the transportation legal realm. Now if you need something more routine we have a couple of companies we recommend starting with www.legalzoom.com they have all the legal forms you could need and can setup your corporation fairly fast. We also have a link to www.findlaw.com and you can find lawyers in your local area.. last but not least www.lawyers.com again if you need to find a lawyer in your local area please visit their website.
Consultants
Transport Financial Services (TFS) works with several consultants to add their knowledge and expertise in the transportation industry to our clients, partners and transportation network. The transportation industry is starting to catch up to the advent of technology from Uber Freight to the implementation of the ELD program and our consultants can help you get started and stay ahead of the curve. Also navigating through the massive amount of paperwork to operate can be daunting but with experts in the field we have someone that consult and help you keep your business running.
Loadboards
Transport Financial Services (TFS) works with several load boards to add their knowledge and expertise in the transportation industry to our clients, partners and transportation network. The transportation industry is starting to catch up to the advent of technology from online load boards who offer apps and access via smartphone. TFS serves as an affiliate of DAT Express and DAT TruckersEdge and also recommends for auto transporters to visit www.dealertrack.com.
Please visit http://tfsmall.com/loadboards/ to sign up for a free trial with DAT.
Steps to get your brokers license
1. Get a Motor Carrier # or Freight Forwarder #.
2. Get Expedited authority
3. Get a surety bond BMC-84 or a trust BMC-85
For more info see the following article titled Get Your Surety!
IMPORTANT – Liability Insurance on Carriers Expiring
As a broker, it is imperative that you are aware of liability insurance coverage for carriers. The information in this spreadsheet will give you the information you need on expired carrier coverage.
Please note that Transport Financial Solutions (TFS) supplies this data as informational only. We advise that you do your own due diligence. In consideration for being allowed access to this data, TFS holds no liability for results of use of data and is therefore not open to being sued by the use of said data.
IMPORTANT – Zero Claim Tolerance Policy
Transport Financial Services (TFS) issue, administer, and file Trust Fund Agreements for “Broker’s and Freight Forwarder’s with the Federal Motor Carrier Safety Administration (“FMCSA”) on behalf of both categories of economically regulated transportation intermediaries. Essentially, TFS’s authority as a federally authorized surety provider is subject to the express provisions of 49 USC 13906 (b) and (c) as promulgated through the corresponding rules and regulations administered by the FMCSA, particularly the express provision of 49 CFR 387. 307. Accordingly, TFS will not assume the position or otherwise relieve any of the financial responsibilities occasioned by the actions of such licensed “Brokers or Freight Forwarders” amassing claims, and attempting to divert their own responsibilities in such regards to TFS for payment, as though my financial institution somehow might be construed as a species of actual “debtor.”
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