Brokers association lashes out after OOIDA’s push for more transparency

May 19, 2020 at 02:54 PM CST
In a letter obtained by Freight Broker Live, TIA is telling its members how to respond to inquiries from owner-operators and small carriers regarding CFR 371.3. That regulation states brokers must keep records of transactions with motor carriers. One subsection of that regulation gives each party to the transaction, including the carriers, the right to review the record. This provision allows truckers to see exactly what their cut is of the full rate that the shipper paid the broker.

May 19, 2020 at 02:54 PM CST

In a letter obtained by Freight Broker Live, TIA is telling its members how to respond to inquiries from owner-operators and small carriers regarding CFR 371.3. That regulation states brokers must keep records of transactions with motor carriers. One subsection of that regulation gives each party to the transaction, including the carriers, the right to review the record. This provision allows truckers to see exactly what their cut is of the full rate that the shipper paid the broker.