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MAGELLAN BROKERS

MC312569 · DOT 02222823 · BOUND BROOK, NJ

+1 (732) 563-0533

Trust Score

A90 / 95Excellent — well-established, fully compliant broker

Authority & Bond

Broker AuthorityFMCSA-issued license allowing a company to arrange transportation of freight. Required to legally operate as a freight broker.
Active
Authority AgeHow long this broker has held active authority with FMCSA. Longer = more established.
25 years, 9 months
Phone on File
+1 (732) 563-0533
BMC-84$75,000 (required minimum)

GREAT AMERICAN INSURANCE CO. · 10/01/2013

Common AuthorityAllows a carrier to haul freight for the general public. Most brokers don't need this.
None
Contract AuthorityAllows hauling freight under specific contracts. Rarely used by pure brokers.
None
Process AgentA BOC-3 filing — a legal representative in each state who can accept court papers on behalf of the broker.
Agent on file

History & Compliance

Active

Current

DISCONTINUED REVOCATION

09/25/2015

Revocation discontinued

REINSTATED

02/27/2015

REVOKED

10/14/2014

Reinstated — 02/27/2015

REVOKED

04/01/2002

Reinstated — 02/27/2015

Authority Granted

04/24/1997

Authority StatusWhether the broker's FMCSA operating authority is currently active. Inactive = cannot legally broker loads.

Active broker authority

30/30
Authority AgeHow long the broker has held authority. Newer brokers are higher risk — most failures happen in the first 2 years.

10+ years in business

25/25
Bond StatusBrokers must carry a $75,000 BMC-84 or BMC-85 surety bond. Missing bond = no protection if they don't pay.

Bond/surety on file

20/20
Revocation HistoryPast authority revocations by FMCSA. Even if reinstated, a revocation history is a warning sign.

No revocation records

10/10
Rejected FilingsInsurance or bond filings rejected by FMCSA — often due to paperwork errors, but can indicate deeper issues.

No rejected filings

5/5

Data synced daily from FMCSA. Trust Scores are calculated automatically.

Frequently Asked

Is MAGELLAN BROKERS a legitimate freight broker?

MAGELLAN BROKERS (MC312569) has active broker authority with the FMCSA. Their Trust Score is A (90/95). They have been in business for 25 years, 9 months.

What is their bond status?

MAGELLAN BROKERS has 1 bond/surety filing(s) on record: BMC-84 — $75,000 (required minimum).

We Do This For Every Broker. On Every Load.

Our dispatchers pull these reports, check credit scores, verify payment history, and talk to other carriers — all before we present a single load to you.

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