Woodstock,
I think there is a little confusion over what brokers really do. Yes, we have lower overhead and less risk, but so do a million other companies in different industries. You chose to be a carrier, so it seems somewhat pointless saying how all brokers are bad because we chose to be in something which doesn't carry the same risk as you. I would assume most people would call that "smart business."
Fraud is by no means strictly related to brokers and transportation. Other industries deal with the same issues and by doing your due diligence; the problem should be minimal. Why not ask for references and make the calls to confirm they are correct.
De-regulation opened a lot of doors for carriers and obviously this was positive for you. Sounds a little one sided to me.
Being a broker, I pay all my invoices under 35 days from receipt. Better than most of your clients no doubt. I keep a low overhead and minimal employees to ensure that I can operate like this. Also, it sounds like you are very aware of the industry and in a previous post I read; its more carriers which are double brokering and not paying bills than brokers, so I would assume you would have no problem carrying the Million dollar bond yourself ? I mean, it wouldn't really tie up your money and cause extra work and time which could ultimately be done by checking who you are using before picking up their load.
I understand there are a number of bad brokers out there... probably the same number of bad carriers which back-solicit brokers and offer cheaper rates, don't read order instructions, arrive when ever they feel like it for deliveries, hold freight to get paid COD without any cause, have breakdowns every second hour of the day, .... I think you know where I am going with this. Time to let go my friend, brokers are not the devil !.... its' called business management and it's about time some ( and I mean some ).... take a course in it to protect themselves instead of blaming all us brokers... besides... we are the ones that spend countless hours sourcing freight in areas you would have previously backhauled empty from.
All on the same side.....