When it comes to transporting goods, there are two types of commercial trucking companies – a private motor carrier is one of those types. But what does it mean when a company is referred to as a private motor carrier?
If you are involved in transportation business or trucking commerce, you probably already know what is the difference between interstate commerce and intrastate commerce. Basically, they are two different ways of transporting people or cargo.
As a rule of thumb, having a bobtail insurance is always a good idea. The term bobtail insurance usually refers to the type of insurance that covers damage to your truck if you or the driver end up in an accident while off the clock. Typically, the definition of the word “bobtail” means a truck without a trailer attached to it. Hence the name of the bobtail insurance and the coverage it provides.
At some point, if you’re successfully following your plan for you commercial trucking business, you will have to scale things up and add a new vehicle to your fleet. Such action can solve many problems and can save you time. However, in order to add the truck to your vehicle seamlessly, you will need to be prepared and have some information if you want to get the most return of investment.
As every industry, the trucking industry also has its own “language” and terms, which may sound like a gibberish to an outside listener. Of course, they are not gibberish. But if you are new to the trucking industry and especially to trucking insurance, you can get pretty confused pretty fast. This is why a bit of clarity is always a good idea. Specifically, when it comes to making the difference between the terms broker, motor carrier and freight forwarder authority. These can get confusing, but you need to know them in order to fully follow the rules if you operate or work under one of these.
