Welcome to the team!

Braking Banks LLC is a third-party logistics provider that provides flexible options to benefit both carrier and customer. We look forward to having you as part of our team to drive America forward. Moving forward we will need the following forms filled out along with copies of the following:

 

  • Profile
  • Carrier Authority
  • Certificate of Insurance
  • Signed Contract
  • Completed W-9

 

New carriers are automatically set up to be paid within 30 days of invoice upon delivery of
BOLS and all necessary paperwork. Braking Banks does offer quicker payment solutions,
which will be explained in the packet (Pg 5). Please review thoroughly and contact
accounting to get set up before first pickup.

Fuel surcharge will be included when the freight is tendered to the carrier. Please review
EACH load tender and email the following to accounting:

 

  • Signed Rate Confirmation
  • Driver Name
  • Driver Phone Number
  • Truck Number
  • Trailer Number

 

If there is any discrepancy with the agreed upon amount, please contact your Braking
Banks representative before accepting the dispatch.

Thank you!
The Braking Banks Team

CORPORATE OFFICE

  • MAILING ADDRESS

    BRAKING BANKS LLC.
    23 Perry Ln.
    Hattiesburg, MS 39401

  • ACCOUNTS PAYABLE/RECEIVABLE

    PHONE: 601-582-3482
    FAX: 601-385-0315
    EMAIL: austen@brakingbanks.com
    Contact: Austen Williams

  • TRUST/SURETY BOND

    1st Security Financial Corp
    1335 Dublin Rd. Suite 217D
    Columbus, OH 43215
    P: 614-487-8584

CARRIER PROFILE


Insurance

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Carrier Safety & Equipment Survey

Payment Options

Quick pay: Payment is tendered within 48 hours of receipt of PODs.
The quick pay fee is 4% of carrier rate.
Carrier may receive a discounted quick pay fee
if PODs are sent on the day of final delivery at 2% of carrier rate as opposed to 4%.
Please select from multiple payment options offered below:
2-Day Priority mail - Physical check sent by USPS without tracking info.
FedEx Overnight - Physical check sent out the following business day to be
overnighted through FedEx. Additional charge of $35 and offers tracking
ability and expedited delivery.
ACH - Direct Deposit to bank account through ACH. Funds available in less than 48 hours of Processing. Please return Attached Form.
NET 30 Physical check sent via USPS 30 days after all paperwork is
received and processed.
***Please note: ALL accessorials should be approved by Braking Banks
Broker. Any failure to discuss with broker and/or provide proper documentation or
receipts will result in ZERO reimbursement to the carrier.

Factoring Company Info (IF APPLICABLE)

After submitting please continue with forms below this one
Thanks
Management

Fees and Charges

Fuel Advances
Fuel Advances may be requested after driver is loaded. Advance fee is 2% of the line haul rate.
These advances will be paid by Comcheck under most circumstances. If any questions or
discrepancies, please discuss with your Braking Banks Broker BEFORE requesting comcheck
from accounting.

Comcheck Fees
Comdata charges $5 per $500 increments and $2 per draft or encashment. (a $1250 advance
would cost carrier an extra $17 plus the 2% fee. Three $5 loading increments =$15 plus $2 for a
single use= $17).

***These charges are non-negotiable.
Once you have discussed comcheck terms with your broker, reach out to accounting to have
your comcheck issued. Please have the following information available:

 

  • Braking Banks Load Number
  • Amount Requesting
  • Driver Name
  • Driver Number
  • Company Name

 

Please contact your broker if there are any questions or concerns regarding this packet.
Thank you for being a part of the Braking Banks Team! We are excited to work with you!

Braking Banks LLC
Broker-Motor Carrier Agreement

This is for the signed document to be emailed to you as well.

Continued from the field above,
(“Carrier”) with reference to the
following:

1. Braking Banks is authorized to operate as a broker of motor carrier services under the authority of the Federal
Motor Carrier Safety Administration (“FMCSA”) pursuant to property broker’s license No. MC 028467.

2. Carrier is a duly licensed motor carrier of property operating under the authority of FMCSA No.
______________; and (enter into field above this text box)

3. Braking Banks wishes to arrange on behalf of its customers for motor carrier services on the terms and
conditions set forth in this Agreement (the “Motor Carrier Services”), and Carrier wishes to perform the Motor
Carrier Services.

Braking Banks and Carrier agree:

1. Carrier Responsibilities

1. Carrier will have and furnish all necessary and appropriate expertise, personnel, equipment, facilities, insurance,
and government permits and licenses necessary and appropriate for performing the Motor Carrier Services,
including (i) serviceable equipment and vehicles properly maintained in good and legal operating condition, (ii)
drivers who are properly licensed, trained, and qualified to operate such equipment and vehicles, and (iii)
compliance with all laws, rules, and regulations applicable to the Motor Carrier Services provided under this Agreement.

2. Carrier will be responsible for and pay all costs and expenses necessary or incidental to the operation of such
equipment and vehicles, including costs of fuel, supplies, licenses, permits, tolls, fines, citations, and penalties,
except for fines or penalties for overweight shipments resulting from the negligent acts or omissions of Braking Banks or loading facilities.

3. Carrier is and will operate as an independent contractor and not as an agent or employee of Braking Banks.
Carrier will have exclusive control and direction of the persons operating vehicles or otherwise engaged in
providing Motor Carrier Services. Carrier assumes full responsibility for the payment of local, state, and federal taxes, contributions or taxes for unemployment and workers’ compensation coverage, social security, and all
other employee benefits and protections arising out of the performance of the Motor Carrier Services.

4. Carrier will transport all shipments tendered to it by Braking Banks, under this Agreement only on equipment operated under the authority of Carrier, and Carrier will not subcontract, broker or in any other form arrange for the shipments to be transported by a third party without the prior written consent of Braking Banks. If such 10
consent is granted, Carrier will be responsible and liable as provided in this Agreement for performance of the Motor Carrier Services as if Motor Carrier had performed them itself.

2. Freight Rates And Charges

1. Freight rates and charges may be agreed to orally from time to time as necessary to meet customer
shipping schedules and deadlines. Braking Banks will confirm oral agreements by fax or e-mail before
the scheduled pickup. If Carrier does not object to the confirmation within 24 hours, the terms of the
confirmation will control. If Braking Banks does not provide a confirmation within 24 hours and Carrier
does not object, the terms of the pickup or delivery notice will control.

2. Braking Banks will pay freight and charges within thirty (30) days after approval by Braking Banks of
Carrier’s freight bill, bill of lading and delivery receipt. Carrier will submit its invoice within thirty (30)
days after the date of completion of the service.

3. Carrier will not withhold any goods tendered for transportation under this Agreement on account of
rate disputes or the alleged failure of Braking Banks to pay for services. Carrier is relying on the general
credit of Braking Banks, waives and releases all liens which Carrier may otherwise have on shipments of
Braking Banks or its customers in the possessions or control of Carrier, and further agrees to look only to
Braking Banks, and not the customer, for payment of its freight charges.

4. Braking Banks will be under no obligation to pay an invoice submitted to Braking Banks more than 180
days after the date of completion of the service by Carrier.

3. Cargo Claims

1. Carrier will promptly advise Braking Banks (phone: 626-369-8900; fax: 626-369-3300) of any cargo
shortage, overage, loss or damage encountered in the performance of the Carrier Services. Carrier will
fully describe exceptions for cargo shortages, overages, loss or damage on the bill of lading or proof of delivery and will include the seal number. When possible, Carrier will take photographs to document the exception and forward the photos to Braking Banks.

2. Braking Banks will submit to Carrier written notice of any cargo claim within nine (9) months of the
delivery date of the cargo, or, if no delivery is made, within 10 days of the date of the occurrence
resulting in the claim. The filing, processing and disposition of cargo claims by Carrier will be governed
by 49 C.F.R. Part 370, Principles and Practices for the Investigation and Voluntary Disposition of Loss and
Damage Claims and Processing Salvage.

3. The value of property for cargo claim purposes will be the amount declared (which will be deemed to be
the invoice value), but if no amount is declared, the value will be the fair market value of the property
lost or damaged at the time the loss or damage occurred, including freight charges.

4. Carrier agrees and warrants that no released rates or liability limitations will apply to any shipment
transported by Carrier under this Agreement.

4. Insurance

a. During the term of this Agreement and when performing Carrier Services, Carrier will maintain at its sole expense the following insurance policies with insurance companies having a B+ or better A.M. Best rating, or as otherwise approved in writing by Braking Banks:
i. Commercial Automobile Liability insurance for “any auto” or for “scheduled and hired autos” with a minimum combined single limit for bodily injury and property damage of $1,000,000 per occurrence (or of $5,000,000 if required by the FMCSA under 49 CFR Part 387 for the transportation of certain hazardous materials) covering all vehicles owned or used by Carrier in performing Carrier Services and endorsed to name Braking Banks, and if so directed by Braking Banks, the shipper, as additional insureds.
ii. Motor Truck Cargo Legal Liability insurance including coverage for unattended vehicles and employee theft and dishonesty with a minimum limit of $100,000 per occurrence.
iii. Workers’ Compensation: per statutory requirements.

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iv. Any other insurance or surety bonding as may be agreed upon by Carrier and Braking Banks upon
requirement to meet the special insurance requirements of Braking Banks customers or as may be required under the laws, ordinances and regulations of any governmental authority, including the Federal Motor Carrier
Act of 1980 and all rules and regulations of the U.S. Department of Transportation.

2. Before transporting any shipment under this Agreement, Carrier will deliver to Braking Banks certificates of
insurance evidencing all insurance required under paragraph 4.a. All such insurance will provide Braking Banks with 30 days’ prior written notice of cancellation/non-renewal and 10 days’ advance written notice of cancellation for non-payment of premiums. The insurance required under paragraphs 4.a.i., and, if applicable,
a.iv., will be endorsed to name the Braking Banks Parties identified in paragraph 5 below as additional insureds.
Instead of certificates of insurance evidencing the insurance required under paragraphs 4.a.i. and 4.a.iv., Carrier may provide a current written decision, order, or authorization of the FMCSA evidencing Carrier’s authority to self-insure for such coverage. Carriers will provide copies of insurance policies required under this agreement if requested by Braking Banks.

3. Carrier’s insurance will be deemed primary in the event of loss or damage. Carrier waives all rights to recover against Braking Banks Parties to the extent any losses, claims or damages are i) covered by any policy of insurance available to Carrier and/or ii) not covered by Carrier’s insurance because of deductibles, the inadequacy of policy limits, policy limitations or exclusions, or failure to maintain or preserve coverage as required by this Agreement or by policy terms.

4. Braking Banks reserves the right to cancel this Agreement immediately upon receipt of notice of termination or suspension of any required insurance coverage.

5. Indemnity

Carrier will indemnify, hold harmless and defend Braking Banks and its affiliates and their respective directors, officers, employees, customers and agents (“Braking Banks Parties”) against all claims, suits, losses, fines, penalties, forfeitures,
damages, judgments, reasonable attorney fees and related litigation costs arising out of or in any way connected with
the breach, performance or nonperformance of this Agreement by Carrier and its affiliates and their respective directors, officers, employees and agents.

6. Force Majeure

Neither party will be liable for failure to perform its obligations under this Agreement if such failure, delay or other omission is caused by strikes or lockouts, severe acts of nature (other than ordinary storms or inclement weather), war, civil disorder, terrorist acts, or compliance with governmental orders.

7. Term And Termination

This Agreement will begin as of the effective date set forth above and will remain in full force and effect
thereafter unless terminated by either party upon thirty (30) days’ prior written notice to the other party.

8. Dispute Resolution; Governing Law

a. In the event of a dispute between the parties about the interpretation of this Agreement or the
performance of either party, before commencing any formal legal action or proceeding, each party will
appoint a senior official for the purpose of resolving the dispute without a formal action or proceeding.
If the dispute is not resolved through negotiation, then either party may seek any available remedy,
including legal remedies.

2. This Agreement shall be construed in accordance with the laws of the State of Mississippi. The parties consent
and agree to file suit in the federal or state courts in Forrest county, MS in any action brought under this
Agreement.

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3. The prevailing party in any action or proceeding to enforce this Agreement or any of its terms will be entitled to reasonable attorneys’ fees and costs in addition to the other relief awarded. For purposes of this paragraph, the
“prevailing party” will be the party to which costs are awarded.

9. Entire Agreement; Scope Of Agreement

1. This Agreement, the Order Notification and Rate Schedule, and any written attachments or exhibits to either will
constitute the entire agreement between Braking Banks and Carrier and supersede and replace all prior
agreements between the parties. This Agreement may not be supplemented, amended or modified except by
written agreement signed by authorized representatives of both parties.

2. Any conflicting terms of any bill of lading or other form of freight receipt or contract for shipment are expressly superseded by the terms of the Agreement.

3. Pursuant to 49 U.S.C. 14101 (b)(1), Braking Banks and Carriers waive any rights and remedies specified in 49
U.S.C. Subtitle IV, Part B, except for provisions governing registration, insurance or safety fitness.

10. Notices

Unless otherwise provided, notices required by this Agreement may be given in writing addressed as set forth below.
Notices will be deemed given on the date of delivery, if delivered personally or by facsimile or e-mail, or on the third day
after the date of mailing, if delivered by first-class mail. Contact information for notices may be changed by giving notice
of the change as provided in the paragraph.
Braking Banks LLC
Sign below to state you have read the previous
agreement in its entirety.

Braking Banks LLC
Sign below to state you have read the previous
agreement in its entirety.

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Reference List