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NASTC Wants Brokers to Change Billing Practices
The National Association of Small Trucking Companies (NASTC) wants brokers who belong to the association to properly compensate drivers for delivering shipments. NASTC President David Owen has stated that carriers are complaining that some don't recoup promised fuel surcharges because freight broker's bills do not separate shipping rates and fuel surcharges. He said that “many carriers think that the freight brokers have been keeping the fuel surcharges for themselves.”
NASTC says that agreeing to a standard billing agreement would result in an improved level of trust between small trucking companies and brokers. He added that it could also lower carrier insurance premiums, which are often based on gross receipts. Separating freight revenue from fuel surcharges could lead to lower insurance premiums.
Brokers agree to the billing arrangement would receive special recognition on the NASTC website. The association has suggested this could lead to increased business. The proposed agreement would also have brokers paying carriers in an allotted time period.
The Transportation Intermediaries Association is currently looking into the issue.
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