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	<title>The Factor Guru &#187; factoring manual</title>
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	<description>Tips on accounts receivable financing and business practices.</description>
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		<title>Transportation Factoring: Feedback Wanted</title>
		<link>http://www.factorguru.com/2008/10/transportation-factoring-feedback-wanted/</link>
		<comments>http://www.factorguru.com/2008/10/transportation-factoring-feedback-wanted/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 01:19:38 +0000</pubDate>
		<dc:creator>Gen Merritt</dc:creator>
				<category><![CDATA[General Information]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[factoring manual]]></category>
		<category><![CDATA[freight bill factoring]]></category>
		<category><![CDATA[niche factoring]]></category>
		<category><![CDATA[transportation factoring]]></category>

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		<description><![CDATA[I have been contemplating (…or have already started…) writing a guidebook for transportation factoring. This continues to be more of a ‘niche’ industry when it comes to transportation factoring. In this venture, I am seeking feedback. In the post below, I have listed some questions and summarized feedback to those questions we have received that [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><span style="font-size: 11pt; mso-bidi-font-weight: bold; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">I have been contemplating (…or have already started…) writing a guidebook for transportation factoring. This continues to be more of a ‘niche’ industry when it comes to transportation factoring. In this venture, I am seeking feedback. In the post below, I have listed some questions and summarized feedback to those questions we have received that would be included in that manual/guideline. Any interests, feedback, suggestions would be helpful. Thank you in advance for your input and continued interests in this weblog:</span></span></p>
<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><span style="font-size: 11pt; mso-bidi-font-weight: bold; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;"><em>Can a carrier operate outside of their base state after they have applied for authority? </em></span></span><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">If a carrier is transporting exempt commodities and has a USDOT number, they may operate as an exempt for-hire interstate motor carrier without an MC number… Simply applying for operating authority is not sufficient. </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;"><em>Can a contract carrier broker loads? </em>No. A contract carrier cannot broker loads without…</span></span></p>
<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><em><span style="font-size: 11pt; mso-bidi-font-weight: bold; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">What is Intrastate Authority? </span></span></em><span style="font-size: 11pt; mso-bidi-font-weight: bold; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Intrastate authority is the right granted by a state to commence for hire trucking operations within the borders of that state only. If a load’s origin and destination are within the same state then intrastate authority may be required&#8230; </span></span></p>
<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><a name="9"></a><a name="3"></a><em><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">What if the carrier is operating without their authority? </span></span></em><span style="font-size: 11pt; mso-bidi-font-weight: bold; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Operating without authority can lead to civil penalties… invoices generated by carriers who are operating without their authority may be considered invalid and would not be subject to payment by an account debtor…</span></span></p>
<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><a name="18"></a><a name="19"></a><a name="20"></a><em><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Is double brokering legal?<span style="mso-spacerun: yes;">  </span></span></span></em><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Yes but… </span></span></p>
<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><em><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">After reading everything about double brokering, I am still confused on what this is? </span></span></em><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Double brokering is where one broker brokers a load to a trucking company with contract authority. Then, that entity in turn brokers the load to another contract carrier, without the knowledge of the first broker…</span></span></p>
<p class="MsoBodyTextIndent" style="margin: 0in 0in 0pt; text-indent: 0in;"><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Feel free to comment or email me directly at <a href="mailto:support@factorguru.com">support@factorguru.com</a>. </span></span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-size: 11pt; mso-bidi-font-size: 12.0pt;"><span style="font-family: Times New Roman;">Wishing you success. The Factor Guru.</span></span></p>
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