Hostage loads and stolen cargo are likely two of the most dreaded scenarios for brokers, shippers and consignees. If you think this is happening to one of your loads, follow these steps before you press the panic button.
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Hello 2020! What a year 2019 was for Armstrong! We had a lot of lofty goals: to grow the business, move into a new space and create new ways to innovate through technology. We accomplished all of that, plus much more. Let’s talk about what made 2019 one of the most memorable years in Armstrong history.
Historically, brokers have NOT been liable for a claim under the Carmack Amendment. A recent legal decision regarding broker liability will have an immediate impact on freight brokers. Within a FreightWaves article, a Federal Judge held that Seneca Logistics, LLC “the Broker”), a freight broker, was liable to their customer, Richwell Group, Inc. (“the Customer”), for a stolen load of lobster (“the Cargo”) valued at over $300,000. The Court held that the Broker put themselves in a position to care for cargo and, as a result, shall be liable for the cargo theft despite the traditional protections afforded by the Carmack Amendment.
Commodity value and risk of transport are two factors that drive profit margins for freight brokers. Yet the most costly commodities and corresponding cargo claims may surprise you.
ATG took over Music City September 13-15 for networking, education, celebration and of course a little bit of fun. More than 150 Armstrong agents, staff and guests gathered at the Omni Downtown Nashville for two days for the 2019 Annual Agent Conference.
Carousel Capital has recapitalized Armstrong Transport Group LLC, a provider of freight brokerage solutions. No financial terms were disclosed for the transaction that was done in partnership with Armstrong management. K&L Gates was legal adviser to Carousel Capital on the transaction.