Transportation Reinvented

10 for 10: How The US Freight Broker Surety Bond Changed The 3PL Industry

This year, Mactrans is celebrating our 10th anniversary. While we’ve experienced a lot of changes internally, we’ve also seen a lot of disruption to the Freight Brokerage industry as a whole during that time. Over the course of the year, I will be writing a few blogs following our 10 for 10 series. Within this series of blogs, I will be outlining 10 major things that have changed in the transportation industry over the last ten years.

On July 6, 2012, President Obama signed the Moving Ahead for Progress in the 21st Century Act (MAP-21) From highway safety to pedestrian transportation, this multifaceted bill provided over $105 billion in surface transportation funding. Within this 600-page bill there was something that changed the freight brokerage industry significantly. The bill raised the surety bond that freight brokers must have from $10,000 to $75,000. It has been reported that when this law went into effect on October 1, 2013 over 10% of Freight Brokers in the US closed their doors, most Freight Brokers that closed their doors, said that “they just couldn’t afford the increase”.

There are two ways for a freight broker to obtain the bond. The first way is, they can post the $75,000 USD in cash. The second way is, they can pay an annual fee for that bond. More details are available in this post from DAT.  

So, what does that mean for Canadian Freight Brokers? While it’s not mandatory for them have the bond for Canadian Domestic freight, the bond is mandatory for them to manage US Cross Border Freight.

The major question on Canadian Freight Brokers’ minds is whether or not paying this surety bond is required. Throughout the Canadian Brokers, there is a bit of uncertainty when it comes to answering this question. There are some Canadian Brokers who say that, “These are the U.S. laws and they don’t apply to Canadian 3PL’s”. According to the Canadian Trucking Alliance (CTA) and FMSCA, these brokers are wrong. The leading Freight Brokerage organizations agree. Both the Transportation Intermediaries Association (TIA) in the US and the National Transportation Brokers Association (NTBA) in Canada will only allow companies who possess this bond and an MC # to become members.  Their members are the top Freight Brokerage companies in North America and stand behind these standards. While to my knowledge, no one has ever been subject to a penalty by not possessing the bond, in The US carriers refuse to accept freight from brokers that don’t have it. Many cross-border Canadian carriers are following suit. 

From the multi-billion dollar mega brokers to the smaller guys working out of their basement, there are advantages and disadvantages for shippers that choose to work with 3PL’s of all sizes.  With that being said, finding a broker that possesses the proper licenses to manage your cross-border freight should be one of the top determining factors on whether you choose to work with them.

To find out if your Freight Broker is licensed, you can visit the FMSCA website.

A complete list of the Mactrans’ licenses are available on our website.

This US Freight broker surety bond has been one of the major changes 3PL’s have faced over the last decade. Stay tuned for more of our 10 for 10 series about the changes that have affected the Transportation Industry.

Mactrans Logistics Ranks No. 421 on the 2018 Growth 500

Canadian Business unveils 30th annual list of Canada’s Fastest-Growing Companies

Vaughan, Ontario (September 13, 2018) Canadian Business and Maclean’s today ranked Mactrans Logistics No. 421 on the 30th annual Growth 500, the definitive ranking of Canada’s Fastest-Growing Companies. Produced by Canada’s premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth. Growth 500 winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com and Growth500.ca.

Mactrans Logistics made the 2018 Growth 500 list with five-year revenue growth of 131%.

“The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today,” says Deborah Aarts, Growth 500 program manager. “As we celebrate 30 years of the Canada’s Fastest-Growing Companies program, it’s encouraging to see that entrepreneurship is healthier than ever in this country.”

Mactrans is honoured to be on the Growth 500 ranking for a third consecutive year,” says President Joel MacKay. “This was a very exciting year for Mactrans. We moved into larger offices in both Toronto and Montreal and grew to over 20 employees and sales agents. I’d like to thank our loyal customers and carriers because without them this expansion would not have been possible.

About the Growth 500

For 30 years, the Growth 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the Growth 500—formerly known as the PROFIT 500—profiles the country’s most successful growing businesses. The Growth 500 is produced by Canadian Business. Winners are profiled in a special Growth 500 print issue of Canadian Business (packaged with the October issue of Maclean’s magazine) and online at Growth500.ca and CanadianBusiness.com. For more information on the ranking, visit Growth500.ca.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

About Mactrans Logistics Inc.

Serving the Greater Toronto area from their head office in Vaughan, Ontario, Mactrans Logistics provides Third Party Logistics (3PL) services and solutions in Canada, USA and beyond. Offering road, rail, marine and air transportation services, they are a non-asset based company committed to always seeking out the best shipping methods to maximize their customer’s transportation needs.

Mactrans incorporates their unique transportation perspective into the day-to-day shipping procedures of their customers to deliver a ‘true’ full-service logistics solution. Mactrans moves general freight for several industries with a focus on automotive, e-commerce, food, home & leisure, pharmaceuticals and healthcare, retail, and specialty deliveries. Mactrans also has offices in Toronto, Ontario and Montreal, Quebec.

To learn more about Mactrans Logistics visit our website at mactrans.ca. Mactrans is also on social media: you can like us on Facebook (facebook.com/mactranslog) and follow us on twitter at @mactranslog.

Media contact

Joel MacKay, Mactrans Logistics Inc.
E-Mail: [email protected]ctrans.ca
Tel: 905.856.6800 x 222

Mactrans launches FreightRateCanada™ – A real time domestic LTL quoting service

Mactrans is pleased to announce the launching of FreightRateCanada™ which allows you to get Canadian domestic LTL quotes in real time. Our FreightRateCanada.com online rate portal was developed so shippers can receive competitive LTL rate quotes in real time. Get Instant access to LTL rates up to 10,000lbs. For more information on how to sign up, please visit our FreightRateCanada information page.

Mactrans Logistics Inc. Ranks No. 372 on the 2017 PROFIT 500

PROFIT and Canadian Business unveils 29th annual list of Canada’s Fastest-Growing Companies

Vaughan, Ontario (September 14, 2017) Canadian Business and PROFIT today ranked Mactrans Logistics Inc. No. 372 on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.

Mactrans Logistics Inc. made the 2017 PROFIT 500 list with a five-year revenue growth of 139%.

“It is never easy to earn a spot on the PROFIT 500, but this year’s applicant pool was the most competitive yet,” says Deborah Aarts, PROFIT 500 program manager. “This year’s winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada—and the world—needs more entrepreneurial success stories like these.”

Mactrans is honoured to be on the PROFIT 500 ranking for the second year in a row,” says President Joel MacKay. “This achievement would not have been possible again this year without our valued customers, carriers and employees.”

About the PROFIT 500

For 29 years, the PROFIT 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking visit PROFIT500.com or CanadianBusiness.com.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.

About Mactrans Logistics Inc.

Serving the Greater Toronto area from their head office in Vaughan, Ontario, Mactrans Logistics provides Third Party Logistics (3PL) services and solutions in Canada, USA and beyond. Offering road, rail, marine and air transportation services, they are a non-asset based company committed to always seeking out the best shipping methods to maximize their customer’s transportation needs.

Mactrans incorporates their unique transportation perspective into the day-to-day shipping procedures of their customers to deliver a ‘true’ full-service logistics solution. Mactrans moves general freight for several industries with a focus on automotive, e-commerce, food, home & leisure, pharmaceuticals and healthcare, retail, and specialty deliveries. Mactrans also has offices in Toronto, Ontario and Montreal, Quebec.

To learn more about Mactrans Logistics visit our website at mactrans.ca. Mactrans is also on social media: you can like us on Facebook (facebook.com/mactranslog) and follow us on twitter at @mactranslog.

Media contact

Joel MacKay, Mactrans Logistics Inc.,
E-Mail: [email protected]
Tel: 905.856.6800 x 222

The Mactrans PROFIT500 press release is also available as a downloadable PDF.

Joel MacKay to present at 19th Annual TransCore LinkConference

Mactrans Logistics president Joel MacKay will be a panelist at the 19th annual TransCore LinkConference on July 12th, 2017. Panel discussion will focus on service, profit and prosperity as well as how to use your frontline team to maximize profit. The FREE event will be held at The Country Club, 20 Lloyd St. in Woodbridge, Ontario. Mactrans Logistics will be one of the sponsors for the event.

For more information on how to attend, visit the conference webpage.

Mactrans Logistics Inc. Ranks No. 330 on the 2016 PROFIT 500

PROFIT and Canadian Business unveils 28th annual list of Canada’s Fastest-Growing Companies

profit-500-2016-logo-062016Vaughan, Ontario (September 15, 2016) Canadian Business and PROFIT today ranked Mactrans Logistics Inc. No. 330 on the 28th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.

Mactrans made the 2016 PROFIT 500 list with five-year revenue growth of 160%.

“Companies become a part of the PROFIT 500 through innovative thinking, smart strategy and sheer grit,” says James Cowan, Editor-in-chief of PROFIT and Canadian Business. “These firms demonstrate what Canadian entrepreneurs can achieve, both at home and across the globe.”

Mactrans is honoured to be on the PROFIT 500 ranking,” says President Joel MacKay. “This achievement would not have been possible without our valued customers, carriers and employees.

About PROFIT and PROFITguide.com

PROFIT: Your Guide to Business Success is Canada’s preeminent media brand dedicated to the management issues and opportunities facing small and mid-sized businesses. For 34 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About Canadian Business

Founded in 1928, Canadian Business is the longest-serving, best-selling and most-trusted business publication in the country. With a total brand readership of more than 1.1 million, it is the country’s premier media brand for executives and senior business leaders. It fuels the success of Canada’s business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. We provide concrete examples of business achievement, thought-provoking analysis and compelling storytelling, all in an elegant package with bold graphics and great photography. Canadian Business—what leadership looks like.

About Mactrans Logistics Inc.

From their head office in Vaughan, Ontario, Mactrans Logistics provides Third Party Logistics (3PL) services solutions across North America. Offering road, rail, marine and air transportation services, they are a non-asset based company committed to always seeking out the best shipping methods to maximize their customer’s transportation needs.

Mactrans incorporates their unique transportation perspective into the day-to-day shipping procedures of their customers to deliver a ‘true’ full-service logistics solution. Mactrans moves general freight for several industries with a focus on automotive, e-commerce, food, home & leisure, pharmaceuticals and healthcare, retail, and specialty deliveries. Mactrans also has offices in Toronto, Ontario and Montreal, Quebec.

To learn more about Mactrans Logistics visit our website at mactrans.ca. Mactrans is also on social media: you can like us on Facebook (facebook.com/mactranslog) and follow us on twitter at @mactranslog.

Media contact

Joel MacKay, Mactrans Logistics Inc.,
E-Mail: [email protected]
Tel: 905.856.6800 x 222

The Mactrans PROFIT500 press release is also available as a downloadable PDF.

Mactrans’ Joel MacKay to moderate Canada Logistics Conference 2016 panel on “Uber” Freight

Mactrans’ Joel MacKay will moderate a Canada Logistics Conference 2016 panel on “Uber” Freight which will discuss the emergence of Uber-like logistics technologies that promise great benefit for shippers but could quickly reshape this specialized service industry. The event will take place at the Canada Logistics Conference 2016 on Friday, October 28 • 10:30 am – 11:15 am.

Registration Details Available Here

Valerie McSween to present at the Shipper-Carrier Roundtable during the Surface Transportation Summit

Valerie McSween will present at the Shipper-Carrier Roundtable during the Surface Transportation Summit on October 13th, 2016.

Shippers are facing a soft economy, ever more demanding customers and a high US dollar this year as they grapple with developing efficient, low cost supply chains to bring their goods to market. These forces are putting added pressure on shippers to refine their logistics networks to keep freight costs under control. Motor carriers continue to face cost pressures as the search for qualified drivers, new government regulations and the requirement to purchase energy efficient trucks push freight rates higher.

While these issues are transforming the industry, new technologies, big data, the internet of things and multi-channel distribution are upending current business processes.

How should shippers and carriers react to the new set of forces shaping the transportation industry? A number of leading executives will participate in this round-table discussion. The moderator will lead the panel through a full analysis of the key issues shaping the industry.

Register for the Surface Transportation Summit

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