October 31, 2023
In the world of transportation companies, there are a few notable names like Surge Transportation, Meadow Lark Agency, and Yellow Logistics that have unfortunately ceased operations. We are dedicated to ensuring that carriers associated with these companies are paid as fairly as possible. However, it is disheartening to see that many other companies never had any intention of paying carriers from the start.
These deceitful double broker schemes entice carriers with the promise of substantial dollar amounts, only to leave them high and dry without any intention of fulfilling their payment obligations. Fortunately, with a little more careful investigation, you can avoid falling victim to these dishonest companies.
- Is their address legitimate? Are they a new broker claiming to be located in a high-end property, only to discover it's just a virtual office or a mail center? These are major warning signs to watch out for.
- Are they only providing a toll-free number as their main point of contact? While this may not disqualify them entirely, it is important to be cautious when there are too many red flags. In such cases, it is advisable to explore other load options.
- When it comes to pricing, it's crucial to be honest with yourself. If the price seems too good to be true, chances are something is amiss. Offering an amount that surpasses all others is a clever tactic to avoid any questions. If you find yourself in a situation where you've taken a risk and don't receive payment, call your factoring company immediately!
Remember, when brokers suddenly stop answering your calls, it is highly likely that something shady is going on.
