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September 25, 2011Leave a reply

FINANCIAL PROFILE OF VIRGINIA HIWAY, INC.
                       DBA VHITRANSPORT

BROKERAGE:       MC 172093

PH‑ 804 414-1570  FAX 804 414-1789

Visit us at 4525 Lee St. Chester, Va. 23831 or

AT VHITRANSPORT.COM                      

BUSINESS:    A certified Transportation Broker in business since 1977. 

Payment Terms:     * All approved invoices paid 10 calendar days.   

    * Financial Recognitions

  • Dunn & Bradstreet Rating:  3A1.  D&B #08-413-4451
  • Red Book Credit Services:  A1, the highest rating possible.
  • NASTC ranks the company in the top 1% of the industry
  • Charter member of Metro Factors’ “Good as Gold” Program, call 214-363-4557
  • CompuNet Credit Services: A Gold Book Broker, recognized as being in the top 8% of transportation intermediaries in the United States, call 888-269-2237
  • Nacomco, Inc: Platinum Certified Broker.
  • TransCredit: A perfect score of “100”.

Bank: Sun Trust, contact  Brian Andress, 804-782-5962

Accountant is Todd Ofslager, 804 330 7190     *  Federal I.D. 54‑1046451 

COMPANY RECOGNITIONS

    *  Approved member of Metro Factors, “Good as Gold Program”. (Metro Factors, P.O. Box 38604 Dallas, Tx. 75238, Ph 214 363 4557

    *  Approved member of”Gold Book,” by (CompuNet Credit Serv­ices P.O. Box 331148 Ft. Worth, Texas)

    * Approved member of “Best Brokers List” of (The National Association of Small Trucking Companies 104 Stuart Dr. Henderson, Tn. 37305, Phone 615 826 7763

    * Member Transportation Intermediary Association

    * Certified Transportation Broker: Certificate # 15 as issued by the Transportation Brokers Institute. 

    * NASTC Broker of the Year 2008

INSURANCE DATA

Insurance- VHI has the following policies typically in place.  

Commercial General Liability, Errors and Omissions, Excess Umbrella Policy, Workers Compensation and Employers Liability:Contingent Cargo, NON FORM FOLLOWING, Errors and Omissions:  $100,000 Surety Insurance,  Account Receivable Insurance, Commercial General Liability.  Our Agent for these policies is:  Avalon Risk Management, 978-740-567784 84 Wharf Street, Salem, MA 01970  

Guaranteed Pay Program-VHI Transport is proud to be one of  the first companies  to provide a $100,000 surety bond as part of our customer assurance plan.  The bond is provided as part of a Guaranteed Payment Plan (GPP) arranged by a national organization.  VHI was one of the first six firms in the country to be approved for participation – an extremely elite group indeed.

To qualify for the GPP, VHI had to:

  • Be a member of the Transportation Intermediaries Association (TIA)-(We have been a member for more than 20 years)
  • Participate in TIA’s P3 program, a contractual best practices program-(VHI was one of the first participants since its inception)
  • Secure a $100,000 surety bond (through Avalon Risk Management)
  • Pass a means test that covers years in business, credit worthiness, existing insurance (that minimizes risk), financial data, debt to asset ratio, integrity and reputation in the marketplace

Best Practices-VHI Transport embraces the Transportation Intermediaries Association (TIA) Platinum Performance Program (P3), a contractual best practices agreement to achieve a higher level of customer service and conduct business using common terms and conditions.  P3 brings a new level of trust and performance to broker/motor carrier relationship.

 

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