How To Check Credit Ratings For Freight Brokers

Most freight brokers, both small and large treat carriers fairly and pay in a reasonable amount of time. However, even with the passage of the recent Motor Carrier Protection Act, there are still freight brokers who present significant credit risk to carriers. This credit risk effects carriers of all sizes, but the risk is especially problematic for smaller carriers. For these carriers, failing to receive payment on a load can have devastating consequences.

In order to combat this credit risk we strongly encourage carriers to utilize credit reporting services. These services give carriers a clear picture of the type of broker you're hauling for and their credit rating. Services like those offered by our affiliate, RTS Credit provide credit reports designed specifically for carriers interested in researching freight brokers. This services (and others like it) are relatively inexpensive and can potentially save thousands by avoiding freight brokers with high credit risk.