Thomasholmes, a top freight logistics service provider, announced today that they are increasing their freight broker surety bond from $10,000 to $250,000, further demonstrating its pledge to protect the freight transportation industry against fraud.
In July of 2012, the highway reauthorization deal, passed by the House and Senate conference committee, ironed out the increased minimum bond required of transportation brokers to legally operate. Language in the tentative agreement raised the surety bond minimum to $75,000 from $10,000, the level at which it had been since the deregulation era.
Transportation Intermediaries Association (TIA) President and CEO Bob Voltmann said the requirement will help prevent “underfunded companies” that have given the industry a “black eye.” Voltmann’s statement aligns with the Thomasholmes philosophy of continuous improvement of their organization in order to better serve their customers.
Thomasholmes takes the commitment to not only meet the minimum freight broker surety bond of $75,000 but to go above and beyond by.”
[blockquote]“When we started Thomasholmes, we wanted to do what is right for the customer. Whether it’s for us or the customer, it’s just doing what is right,” said Thomasholmes CEO and Co-founder Steve Ludvigson. “Our commitment to the TIA Performance Certified program with a $250,000 freight broker surety bond backs up our core foundations of customer service and shows our corporate commitment.”[/blockquote]
As part of the TIA Performance Certified designation, Thomasholmes is able to put the PC250 Logo on marketing material such as the company website, advertisements, and sales collateral. Less than 1% of all brokers, forwarders, and other 3PLs are Performance Certified. That means that when a potential business partner sees the PC250 logo, it will clearly indicate that Thomasholmes is one of the most committed in the industry.
Founded in 1997, Thomasholmes is a top freight logistics service provider and truckload freight broker. Thomasholmes (and our shippers) leverage proprietary web-based freight management software, the Thomasholmes Rater™, developed from the ground up by our dedicated technology team to ship LTL Freight, Truckload Freight, and small package. In addition to this powerful, customer-centric freight management software, Thomasholmes offers full support to our shippers for both inbound and outbound freight, our shippers’ vendors, and ultimately our shippers’ customers, through dedicated and integrated freight management services.