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SCHMIDT BROKERAGE INC

Trust Score

Excellent Why this score?

Company CheckSCHMIDT BROKERAGE INC · DOT 2230323

320 HWY. 22 WEST, KESWICK, IA, 50135

DOT# 2230323 MC# 450884 Keswick, Iowa 23 years

BROKER

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Power Units

Drivers

Crashes (24-Month)

$75,000 bond

Insurance

Not Rated

Safety Rating

Inspections

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Public record

3 events tracked · latest Sep 15, 2026 ↓ Show details ↓

Safety & compliance 1

Aug 22, 2025
DISCONTINUED REVOCATION BROKER.

Insurance 2

Current
Active surety bond on file ($75,000).
Sep 16, 2025
Insurance policy cancelled (HUDSON INSURANCE COMPANY).

Public FMCSA record · blue clean · orange change · red risk.

Contact Details

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Physical Address320 HWY. 22 WEST, KESWICK, IA, 50135

Mailing Address320 HWY. 22 WEST, KESWICK, IA, 50135

Broker Surety Bond FMCSA BMC-84/85

Brokers must keep a $75,000 surety bond or trust fund on file with FMCSA. If it lapses, FMCSA revokes the broker’s authority, so an active bond is the key thing a carrier should verify before hauling for a broker.

Bond StatusActive

On File (FMCSA)$75,000

VerifiedFMCSA · 07/15/2026

Required$75,000 (FMCSA min)

Last checked09/14/2026

TypeSurety Bond (BMC-84)

Surety / TrusteeNATIONWIDE MUTUAL INSURANCE COMP

Contact☎ (888) 508-8622
🌐 nationwide.com

Filings on record8

Bond history

NATIONWIDE MUTUAL INSURANCE COMPsince Sep 17, 2025 · active

HUDSON INSURANCE COMPANYSep 2020 to Sep 2025 · CANCELLED

AMERICAN CONTRACTORS INDEMNITY COMPANYSep 2016 to Sep 2020 · replaced

AMERICAN ALTERNATIVE INSURANCE CORPORATIONOct 2013 to Sep 2016 · CANCELLED

WESTERN SURETY CO.Mar 2004 to Oct 2013 · CANCELLED

PLATTE RIVER INSURANCE COMPANYFeb 2003 to Feb 2004 · CANCELLED

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Operating Authorities

Authority TypeAUTHORIZED FOR HIRE

DocketMC450884

CommonNot Active

ContractNot Active

BrokerActive

Operating23 years

Safety Summary

Safety RatingNot Rated

Total Crashes (24-mo)0

Fatal0

Driver OOS0.0% avg 5.5%

Vehicle OOS0.0% avg 20.7%

SmartWay PartnerNo

Insurance

Amount$75,000 bond

Type84

VerifiedFMCSA · 07/15/2026

CompanyNATIONWIDE MUTUAL INSURANCE COMP

Policy #7901273413

Last checked09/14/2026

Quick Facts

StatusActive

TypeBroker

Operating23 years

Safety & Inspection Data

Crash Summary

Total Crashes (24-mo)0

Fatal0

Injury0

Tow-Away0

Driver Inspections

Total0

Out of Service0

OOS Rate0.0%

National Avg5.5%

Vehicle Inspections

Total0

Out of Service0

OOS Rate0.0%

National Avg20.7%

Licensing & Insurance

Form	Type	Insurance Company	Policy	Coverage	Effective	Cancel Date	Method
84	SURETY	AMERICAN ALTERNATIVE INSURANCE CORPORATION	20130913474	$0	10/01/2013	09/15/2016	Cancelled
84	SURETY	HUDSON INSURANCE COMPANY	10111649	$0	09/16/2020	09/16/2025	Cancelled
84	SURETY	AMERICAN CONTRACTORS INDEMNITY COMPANY	1001071842	$0	09/16/2016	09/16/2020	Replaced
84	SURETY	AMERICAN CONTRACTORS INDEMNITY COMPANY	1001071842	$0	09/16/2016	09/18/2020	Cancelled
84	SURETY	AMERICAN ALTERNATIVE INSURANCE CORPORATION	20130913474	$0	09/16/2013	10/01/2013	Replaced
84	SURETY	WESTERN SURETY CO.	69643269	$0	03/01/2004	09/16/2013	Replaced
84	SURETY	WESTERN SURETY CO.	69643269	$0	03/01/2004	10/01/2013	Cancelled
84	SURETY	PLATTE RIVER INSURANCE COMPANY	40042734	$0	02/11/2003	02/11/2004	Cancelled

No active insurance policies.

Docket	Type	Action	Served	Disposition	Disp Date
MC450884	BROKER	INVOLUNTARY REVOCATION	09/04/2013	DISCONTINUED REVOCATION	09/18/2013
MC450884	BROKER	INVOLUNTARY REVOCATION	08/24/2020	DISCONTINUED REVOCATION	09/03/2020
MC450884	BROKER	INVOLUNTARY REVOCATION	08/20/2025	DISCONTINUED REVOCATION	08/22/2025
MC450884	PROPERTY BROKER	GRANTED	04/14/2003	-	-
MC450884	BROKER	INVOLUNTARY REVOCATION	02/20/2004	DISCONTINUED REVOCATION	03/08/2004

No revocation records.

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Trust Score over time and the complete authority and insurance timeline, not just today.

98/100

Excellent

VERIFIED

Every carrier starts at 100. We subtract points for each missing requirement or risk factor below. Verified means all four core requirements pass.

Score breakdown, from 100 to 98

Starts at 100−2 totalFinal 98

No email address on file−2

Verification, 4 core requirements

Active operating authority

FMCSA shows the USDOT registration and authority are active.

Active broker authority

Holds active broker authority.

Broker bond (BMC-84) on file

Active broker authority on file, FMCSA requires a BMC-84 surety bond ($75K) to keep it active.

Safety rating not Unsatisfactory

No Unsatisfactory rating on file.

What's lowering this score

-2

No email address on file

No public email address on record.

How we calculate the Trust Score

Every company starts at 100

We subtract points for each missing requirement or risk factor. Verified means all the core requirements for that company's type pass. Nothing is added back, the score is a deduction model built only on public FMCSA data. No pay-to-play, no opinions.

Requirements differ by company type

Each company is judged fairly on its own FMCSA obligations. Anything that doesn't apply shows as a grey N/A, not required, never a penalty.

Carrier (for-hire)

Operating authority, authorized-for-hire, insurance on file, safety rating.

Broker

Broker authority + $75k surety bond (BMC-84/85). MCS-150 not required (no fleet).

Freight forwarder

FF authority + $75k bond + BOC-3. MCS-150 not required (no trucks).

Private carrier

Active USDOT + MCS-150 + safety. No operating authority / for-hire / insurance filing required (hauls its own goods).

Crashes are scaled, not flat

Crash history is proportional. We don't apply a flat penalty, we scale it to (a) crashes per vehicle in the fleet and (b) the share of those crashes that were fatal. So a big, safe fleet barely moves; a small fleet with many (and fatal) crashes takes a large hit.

0 pts deductedscaled by rate & severityup to −28 pts

Low end

50,000 vehicles + 1 crash → ~0 pts. A huge fleet with very few crashes per vehicle is almost untouched.

High end

5 vehicles + 3 crashes incl. fatal → large deduction (near the −28 cap). Many crashes per truck, fatal-heavy.

Mechanics: deduction is capped at 28 points, weighted roughly 60% on crashes-per-vehicle and 40% on the fatal ratio. Zero crashes = zero deduction. If fleet size is unknown, only crash severity can move the score (conservative).

Out-of-service rate vs. the national average

Driver and vehicle out-of-service rates are measured against the FMCSA national average, not a flat number. A company only takes the deduction when it sits above the national benchmark, for example “Vehicle OOS 37% vs national avg 20.7%”.

Point reference, the full menu

Every factor and exactly how many points it can remove. Knockout factors (they also fail Verification) are marked.

Factor	Points
USDOT / authority not active with FMCSA knockout	−25
Missing operating authority (when required) knockout	−15
No insurance or surety bond on file (when required) knockout	−25
Unsatisfactory safety rating knockout	−30
Conditional safety rating	−12
MCS-150 biennial update overdue (carriers)	−10
Crashes, rate-adjusted (per-vehicle & fatal share)	0 to −28
Driver OOS rate above national average	−5
Vehicle OOS rate above national average	−5
Very new carrier (under 1 year)	−10
Limited operating history (1-3 years)	−6
Moderate operating history (3-5 years)	−3
Operating history unknown	−3
No public phone number	−3
No public email address	−2

All inputs come from public FMCSA records (operating authority, insurance/bond filings, the SAFER/SMS safety profile, crash & inspection reports). If FMCSA updates a record, the score updates with it. For the full deduction table, see the methodology page.

SCHMIDT BROKERAGE INC

Trust Score

Public record

Company Information

Contact Details

Broker Surety Bond FMCSA BMC-84/85

Operating Authorities

Safety Summary

Insurance

Quick Facts

Safety & Inspection Data

Licensing & Insurance

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