ICFCC.net is a leading BMC-85 transportation resource for freight brokers
Helping freight brokers comply with crucial BMC-85 regulations
Interstate Commerce Financial Credit Corp. specializes in one thing – helping players in the transportation industry comply with Federal Motor Carrier Safety Association BMC-85 regulations.
That probably doesn’t mean a thing to the layperson, but for freight brokers and other transportation professionals, meeting BMC-85 standards means you can stay in business. According to the federal regulation, freight brokers must have either a surety or trust fund bond worth $10,000 to operate.
That’s exactly what Jean Gilbert and Ralph St. James, ICFCC’s president and vice president, do for freight brokers: They set up trust fund bonds that keep them in business.
BMC-85 services for transportation and other industries
It may sound like a very small niche, but St. James says meeting BMC-85 regulations is something most people in the transportation industry grapple with. Put simply, if a business receives money from a transportation shipper, it needs a freight broker’s license.
“If you need a license, you’ll need a bond,” St. James says.
Most of California-based ICFCC's clients are in the transportation industry. But the firm also works with banks, insurance agents, manufacturers, U.S. Customs brokers and brokers approved by the U.S. Department of Defense. The company is recognized by the federal Department of Transportation’s Federal Motor Carrier Safety Administration.
Flexible options for freight brokers' needs
While there are many companies that bill themselves as freight brokers, any business that needs trucking services can be required to secure a $10,000 bond to meet BMC-85 regulations. Freight brokers, it should be noted, typically don’t operate vehicles -- they simply arrange for transportation.
One of ICFCC's clients is a New York business that deals with garbage. The business doesn’t run a fleet of trucks, but it does hire trucks to take garbage to the local dump. This client is considered a freight broker, and so needs ICFCC’s services.
The firm offers clients three options for meeting bond requirements. It can set up a collateral-based account, establish a monthly payment plan or hold a stand-by letter of credit from a bank.
St. James says ICFCC can help clients with credit issues or a discharged bankruptcy. Clients can easily download a trust fund form and fill out a credit application on the website.
BMC-85 freight broker services cover most of North America
ICFCC has a strong, well-established presence in U.S. and Canadian transportation and freight broker circles. The company has 10 employees and eight physical locations in California. ICFCC staff are happy to help Spanish-speaking clients in their own language.
Sure, the business may sound less-than-glamorous, or even a bit obscure, but St. James cares only about what the transportation industry and freight brokers say about him. So far, he likes what he's hearing.
Customer Testimonials
Have something to say about ICFCC? Say it here!
As a small trucking company in need of a brokerage, we have enjoyed the benefit of developing a better realationship with more shippers & carriers. Working with Ralph was not only enjoyable it was cost effective. Samantha
Contact Interstate Commerce Financial Credit Corp.
- Telephone: 562-467-8935
- Fax: 562-467-8936
- Email:
Address
- 18000 Studebaker Road, Suite 700
- Cerritos, CA 90703
External Links
- Alexa: ICFCC.net
- WHOIS for ICFCC.net[[Category:]]
