Then we can cross match across provinces. So someone can't pull some shady stuff in one and then pop up in the other. Appreciate your supper my friend.
Although I am a firm believer in following all the rules (and in this particular case, my firm does), I would think that imposing adherence to the trust fund provision of the Highway Traffic Act, would severely limit the number of brokers allowed to post on on this new site.
We are requiring a surety bond for all at this point. It comes down to trust. Pardon the pun. I am open to discussion as its not legally required for ON only brokers but it ensures that companies are above board. Otherwise it makes proving they are "good" quite challenging. Thoughts?
The only freight brokers who require a surety bond, are those licensed with the FMCSA. The only brokers who require that license are those engaging in cross border freight movements. Any Ontario based freight broker is required to maintain a trust account, regardless if their activities are domestic or cross border. To properly vet your broker clients, I would suggest asking for their FMCSA registration (which would include a valid surety bond) if they perform cross border freight movements. Although a trust account is required as per the Highway Traffic Act, many brokers do not adhere to this requirement. Perhaps asking for some verifiable credit references from at least three carriers and some sort of credit agency rating will help to identify the “good” guys. In spite of your best efforts, I fear the crooks, both bad brokers and sleazy carriers, will always be one step ahead of you. Best of luck!
