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October 31, 2023

Tips on Spotting Untrustworthy Brokers

In the realm of transportation companies, a handful of notable names like Surge Transportation, Meadow Lark Agency, and Yellow Logistics have unfortunately ceased operations. Our unwavering dedication lies in ensuring that carriers associated with these companies receive their fair share of payment. Regrettably, it is disheartening to witness the existence of numerous other companies that never had any intention of compensating carriers from the very beginning.

These cunning double broker schemes lure carriers in with the allure of large sums of money, only to abandon them without any intention of honoring their payment commitments. Thankfully, by conducting thorough investigations, you can protect yourself from becoming a victim of these unscrupulous companies.

  1. Are you questioning the legitimacy of their address? Are they presenting themselves as a new broker situated in an upscale location, only to reveal that it's nothing more than a virtual office or a mail center? These are crucial red flags that should not be ignored.
  2. If their only means of contact is a toll-free number, proceed with caution. While this may not immediately disqualify them, it's crucial to remain vigilant when multiple red flags arise. In such instances, it's wise to consider alternative load options.
  3. When it comes to pricing, it is essential to be brutally honest with yourself. If the price appears too good to be true, chances are there is something fishy going on. Offering an amount that exceeds all others is a crafty tactic employed by shady companies to avoid any scrutiny. If you find yourself in a situation where you have taken a risk and are left without payment, waste no time and immediately contact your factoring company!

Keep in mind, if brokers mysteriously go silent and fail to respond to your calls, it's quite probable that they're involved in some shady business.

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