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VALIDATED

FORMULA 50 FREIGHT LLC

Trust Score

Excellent Why this score?

Company CheckFORMULA 50 FREIGHT LLC · DOT 4038905

8 HEMLOCK TRACE, OCALA, FL, 34472

DOT# 4038905 MC# 1527861 Ocala, Florida 3 years

MOTOR CARRIER

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0

Power Units

1

Drivers

0

Crashes (24-Month)

Not reported

Insurance

Not Rated

Safety Rating

0

Inspections

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Company Information

Legal NameFORMULA 50 FREIGHT LLC

DOT Number4038905

MC Number1527861

Entity TypeMotor Carrier

Operating StatusA - Active

LocationOcala, Florida

Added03/06/2023

MCS-15006/30/2024

Contact Details

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EmailSign in to view

Physical Address8 HEMLOCK TRACE, OCALA, FL, 34472

Mailing AddressPO BOX 83341, CONYERS, GA, 30013

Operating Authorities

Authority TypeAUTHORIZED FOR HIRE

Carrier OperationA - Interstate

DocketMC1527861

CommonInactive

ContractNot Active

BrokerNot Active

Operating3 years

Operation Classification

Authorized For Hire

SMS BASIC Scores

FMCSA safety categories, last 24 months. Above Cutoff = FMCSA flags a problem · Below cutoff = within limits · Clean = no violations.

Unsafe Driving

measure 0 · 0 insp with violations

Clean

Hours-of-Service Compliance

measure 0 · 0 insp with violations

Clean

Driver Fitness

measure 0 · 0 insp with violations

Clean

Controlled Substances / Alcohol

measure 0 · 0 insp with violations

Clean

Vehicle Maintenance

measure 0 · 0 insp with violations

Clean

Source: FMCSA SMS, updated monthly.

Mileage

Annual Mileage28,000 miles

Mileage Year2024

VMT SourceMCS-150 Form

Drivers

1

Interstate

0

Intrastate

0

CDL

1

Total

Interstate >100mi0

Interstate <100mi0

Intrastate >100mi0

Intrastate <100mi0

Quick Facts

StatusActive

TypeMotor Carrier

Drivers1

Mileage28,000 mi

Operating3 years

MCS-15006/2024

Out of Service Orders (2)

OOS Date	Reason	Status	Rescind Date
2024-07-05	New Entrant Revoked - Refusal of Audit/No Contact	ACTIVE	2024-07-09
2024-04-20	New Entrant Revoked - Refusal of Audit/No Contact	ACTIVE	2024-05-24

Licensing & Insurance

Form	Type	Insurance Company	Policy	Coverage	Effective	Cancel Date	Method
91X	BIPD/Primary	PROGRESSIVE EXPRESS INSURANCE COMPANY	CA970497832	$750,000	06/24/2024	04/23/2025	Cancelled
91X	BIPD/Primary	PROGRESSIVE EXPRESS INSURANCE COMPANY	CA970497832	$750,000	06/13/2023	01/11/2024	Replaced
91X	BIPD/Primary	PROGRESSIVE EXPRESS INSURANCE COMPANY	CA970497832	$750,000	06/13/2023	02/05/2024	Name Changed
91X	BIPD/Primary	PROGRESSIVE EXPRESS INSURANCE COMPANY	CA970497832	$750,000	01/11/2024	06/24/2024	Replaced

No active insurance policies.

Docket	Type	Action	Served	Disposition	Disp Date
MC1527861	MOTOR PROPERTY COMMON CARRIER	GRANTED	06/20/2023	REVOKED	04/29/2025
MC1527861	COMMON	INVOLUNTARY REVOCATION	01/02/2024	DISCONTINUED REVOCATION	01/12/2024

No revocation records.

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87/100

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 87

87

−10

Starts at 100−13 totalFinal 87

MCS-150 update overdue−10

Moderate operating history (3-5 years)−3

Verification, 4 core requirements

Active operating authority

FMCSA shows the USDOT registration and authority are active.

Authorized for hire

Holds active for-hire (common or contract) authority.

Active insurance on file

Active for-hire authority on file, FMCSA requires insurance to keep it active.

Safety rating not Unsatisfactory

No Unsatisfactory rating on file.

What's lowering this score

-10

MCS-150 update overdue

The required biennial MCS-150 update has not been filed on time (score factor, not a verification failure).

-3

Moderate operating history (3-5 years)

Authority granted about 3 years ago.

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.