Check Freight Broker Posts 1,000,000 Loads
From a small cinderblock building in a dusty southern New Mexico village, big things are happening. This is the corporate headquarters of Check Freight Broker, LLC (“CFB”), the newest major entrant to the hyper-competitive freight matching space.
Internet-based load boards have been around for a dozen years and for the most part, the industry front-runners all share an identical business model: collect monthly fees, equating in some cases to over $1,000 per year, from thousands of motor carriers in exchange for unlimited site access. Once on the site, motor carriers search for available freight among thousands of loads posted by freight brokers and shippers. Some sites require their users to pay a few hundred extra dollars per year to access “premium” features.
The developers of the CFB site, http://www.checkfreightbroker.com, take issue with the current state of affairs in the freight matching business. Its growth rate is evidence that their business model, 100% FREE freight matching, is working. On September 12, 2011, CFB celebrated the posting of its millionth load by giving away hundreds of gallons of diesel fuel on one of its own fuel cards to a lucky CFB registered motor carrier. Since its official launch in July 2011, the load board has enrolled tens of thousands of trucks and more than 2,000 freight brokers.
But it’s not just free-enrollment that’s attracting the attention of the transportation industry. It’s the other unique features that are capturing the imagination of thousands of trucking companies and owner-operators. CFB is the only site where carriers can find freight, obtain a fuel advance, and receive 100% payment on delivery—all without ever leaving the site. Not all their enrolled motor carriers use the site to obtain fuel advances and quick pay, but for those that do, the process couldn’t be easier.
Here’s the industry game changer: Imagine you’re a fleet-owner who’s tight on cash. You use CFB to refine your search to loads identified with a big red check mark—the ones CFB’s credit department has determined are eligible for fuel advance and quick pay direct from the site. Simply find a load that matches your search criteria. Obtain a load confirmation from the broker, fax it to CFB, load your trailer, and then click the FUEL ADVANCE NOW button to obtain 50% of your money when you’re loaded. When the load is delivered, click on the QUICK PAY NOW button to receive the rest of your money. It’s that easy. No minimums, no invoicing, no accounts receivable to collect, no Fedex®, and no postage. Funding memberships are free and flexible—no long-term contract. Click here to view an informative video: http://youtu.be/BCSFxf4nhsU
Many CFB members visit the site daily to access 10,000+ free freight broker credit reports. CFB’s credit reports contain FMCSA data, CFB’s first-hand collection experience, and carrier feedback and ratings. CFB gives away its freight matching service and credit reports with no charge, because the site is 100% advertiser supported.
Check Freight Broker is a wholly-owned subsidiary of Interstate Capital Corporation (“ICC”), http://www.interstatecapital.com/transport, a New Mexico-based financial services firm that provides a half billion dollars of funding annually to transportation and other companies throughout North America. CFB and ICC are members of the Transportation Intermediaries Association and International Factoring Association.
Check Freight Broker, LLC
Tony Furman, Managing Member
P. O. Box 1229
1255 Country Club Rd., Ste. D
Santa Teresa, NM 88008
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