REGULATORY COMPLIANCE

Broker Compliance

We Have Lots Of Loads LLC (WHLOL)

We are committed to maintaining the highest level of compliance with all FMCSA regulations, as well as establishing clear terms for all brokers and agents we work with.

Disclaimer: By working with We Have Lots Of Loads LLC, you agree to adhere to all applicable regulations outlined in this Broker Compliance Page.

1 INTRODUCTION

We Have Lots Of Loads LLC ("WHLOL") serves as a dispatch agent and transportation coordinator, connecting carriers with freight opportunities from brokers and shippers.

As a logistics company, we are committed to full regulatory compliance with the Federal Motor Carrier Safety Administration (FMCSA) and other relevant federal, state, and local regulations.

This Broker Compliance Page is designed to inform brokers of the procedures and standards that We Have Lots Of Loads LLC follows when working with contracted carriers.

2 BROKER REQUIREMENTS

Before any load is dispatched through WHLOL, brokers must comply with the following:

  • 2.1 Broker Authority: Brokers must maintain valid FMCSA broker authority (MC Number) and be in good standing.
  • 2.2 Bond Requirements: Brokers must be properly bonded in accordance with FMCSA regulations, with a minimum of $75,000 surety bond or trust (BMC-84 or BMC-85).
  • 2.3 Insurance Verification: Brokers must provide proof of insurance coverage, including general liability and cargo insurance, if applicable.
  • 2.4 Dispatch Terms: Brokers must submit load details, including the rate, pickup, and delivery requirements, with a signed load confirmation.
  • 2.5 Broker-Carrier Agreements: Brokers must ensure that carriers operate under their own authority or are under a valid lease agreement with We Have Lots Of Loads LLC.

3 COMPLIANCE WITH FMCSA REGULATIONS

WHLOL and its contracted carriers must adhere to all FMCSA regulations, including but not limited to:

Operating Authority

Carriers must maintain valid MC and DOT numbers and be in compliance with FMCSA operating regulations.

Hours of Service (HOS)

Carriers must comply with FMCSA's hours-of-service regulations to ensure driver and road safety.

Driver Qualifications

Carriers must verify drivers meet FMCSA qualifications, including valid CDL, medical certifications, and drug/alcohol testing.

Vehicle Standards

All vehicles must comply with FMCSA safety standards, including inspections, maintenance, and equipment registration.

Insurance Requirements

Carriers must maintain required minimum levels of insurance, including liability and cargo coverage, in accordance with FMCSA regulations.

4 INSURANCE AND LIABILITY

All brokers and carriers working with WHLOL must meet the following insurance and liability requirements:

  • 4.1 Broker Insurance: Brokers must maintain general liability insurance and cargo insurance coverage sufficient to cover any potential liabilities.
  • 4.2 Carrier Insurance: All carriers contracted under WHLOL authority must maintain valid insurance coverage for liability, cargo, and workers' compensation (if applicable).

Waiver of Liability: WHLOL is not responsible for any damages, losses, or delays caused by brokers, shippers, or other parties in the supply chain.

5 LOAD CONFIRMATION AND RATE AGREEMENT

Brokers must provide a signed load confirmation and rate agreement before any load is dispatched. This agreement must include:

Freight details (weight, dimensions, packaging)
Rate confirmation
Pick-up and delivery times
Special requirements (if any)
Broker contact information for updates or disputes

The signed load confirmation and rate agreement supersede any previous verbal or written communications and must be accepted by the carrier dispatched.

6 DISPATCHER/BROKER LIABILITY

Brokers must agree that:

  • 6.1 Disputes related to payment, claims, or load cancellations are between the broker and carrier. WHLOL is not responsible for resolving disputes between brokers and carriers unless explicitly stated in an agreement.

Back-solicitation is prohibited: Brokers cannot directly solicit carriers introduced by WHLOL for future work without WHLOL's written consent.

A violation of this may result in WHLOL seeking a 15% fee from gross revenue for any work done with that carrier.

7 COMPLIANCE MONITORING AND AUDITS

WHLOL reserves the right to periodically audit brokers and carriers for compliance with applicable regulations. This may include:

  • Document Verification: Verifying FMCSA compliance, insurance coverage, and carrier qualifications.
  • Random Audits: Performing random audits on carrier paperwork and compliance documentation.
  • Safety Inspections: Coordinating or requiring safety inspections on carrier vehicles when necessary.

Failure to comply with regulations or provide required documentation may result in suspension of services with WHLOL.

8 TERMINATION OF AGREEMENT

This Agreement may be terminated by WHLOL or the broker with 30 days written notice. Immediate termination may occur if:

  • Non-payment of freight charges or dispatch fees.
  • Failure to maintain FMCSA compliance or insurance coverage.
  • Breach of back-solicitation clause.
  • Failure to meet any regulatory requirements.

In the event of termination, outstanding payments must be settled, and any freight under contract will be completed according to the agreed terms.

9 DISPUTE RESOLUTION

In the event of any disputes, WHLOL and the broker agree to:

  • Attempt to resolve disputes through mediation or arbitration.
  • Follow legal procedures as required by applicable law and regulatory bodies.

10 UPDATES AND CHANGES

WHLOL reserves the right to amend or modify this Broker Compliance page at any time. Changes will be posted on this page, and brokers are responsible for reviewing this page regularly to stay updated.