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IQ FREIGHT INC

Trust Score

Excellent Why this score?

Company CheckIQ FREIGHT INC · DOT 3074545

702 W 31ST STREET, CHICAGO, IL, 60616

DOT# 3074545 MC# 63114 Chicago, Illinois 8 years

BROKER

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Power Units

Drivers

Crashes (24-Month)

Not reported

Insurance

Not Rated

Safety Rating

Inspections

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Contact Details

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Physical Address702 W 31ST STREET, CHICAGO, IL, 60616

Mailing Address100 EASTERN AVE, BENSENVILLE, IL, 60106

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

Required$75,000 (FMCSA min)

Last checked08/16/2026

TypeSurety Bond (BMC-84)

Last filing on record12/21/2018

Surety / TrusteeNATIONWIDE MUTUAL INSURANCE COMP

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

Filings on record11

Bond history

NATIONWIDE MUTUAL INSURANCE COMPsince Aug 13, 2025 · active

GREAT AMERICAN ALLIANCE COMPANYAug 2023 to Aug 2025 · CANCELLED

UNITED STATES FIRE INSURANCE CO.Aug 2021 to Aug 2021 · replaced

DEVELOPERS SURETY AND INDEMNITY COMPANYDec 2018 to Dec 2018 · replaced

UNITED STATES FIRE INSURANCE CO.Dec 2018 to Dec 2020 · CANCELLED

GREAT AMERICAN INSURANCE CO.Dec 2017 to Feb 2018 · CANCELLED

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Operating Authorities

Authority TypeAUTHORIZED FOR HIRE

DocketMC063114

CommonNot Active

ContractNot Active

BrokerActive

Operating8 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

AmountNot reported

Type84

Effective08/13/2025

CompanyNATIONWIDE MUTUAL INSURANCE COMP

Policy #7901271416

Last checked08/16/2026

Quick Facts

StatusActive

TypeBroker

Operating8 years

MCS-15012/2025

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	DEVELOPERS SURETY AND INDEMNITY COMPANY	B14156C	$0	12/21/2018	12/05/2018	Replaced
84	SURETY	DEVELOPERS SURETY AND INDEMNITY COMPANY	B14156C	$0	12/21/2018	01/20/2019	Cancelled
84	SURETY	GREAT AMERICAN INSURANCE CO.	E253197	$0	12/21/2017	01/09/2018	Replaced
84	SURETY	GREAT AMERICAN INSURANCE CO.	E253197	$0	12/21/2017	02/01/2018	Cancelled
84	SURETY	UNITED STATES FIRE INSURANCE CO.	615996399	$0	12/05/2018	12/05/2020	Cancelled
84	SURETY	UNITED STATES FIRE INSURANCE CO.	615996399	$0	12/05/2017	12/21/2017	Replaced
84	SURETY	UNITED STATES FIRE INSURANCE CO.	615115044	$0	08/16/2021	08/13/2021	Replaced
84	SURETY	GREAT AMERICAN ALLIANCE COMPANY	E379990	$0	08/13/2023	08/12/2025	Cancelled
84	SURETY	UNITED STATES FIRE INSURANCE CO.	615115044	$0	08/13/2021	08/13/2023	Replaced
84	SURETY	UNITED STATES FIRE INSURANCE CO.	615115044	$0	08/13/2021	08/16/2023	Cancelled
84	SURETY	UNITED STATES FIRE INSURANCE CO.	615996399	$0	01/09/2018	12/21/2018	Replaced

No active insurance policies.

Docket	Type	Action	Served	Disposition	Disp Date
MC063114	BROKER	INVOLUNTARY REVOCATION	12/24/2018	DISCONTINUED REVOCATION	01/04/2019
MC063114	PROPERTY BROKER	GRANTED	12/22/2017	REVOKED	12/14/2020
MC063114	PROPERTY BROKER	REINSTATED	08/30/2021	-	-
MC063114	BROKER	INVOLUNTARY REVOCATION	01/05/2018	DISCONTINUED REVOCATION	01/10/2018

No revocation records.

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

97/100

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 97

Starts at 100−3 totalFinal 97

No phone number on file−3

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

-3

No phone number on file

No public phone number 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.

IQ FREIGHT INC

Trust Score

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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