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BackgroundBackgroundBackgroundBackgroundBackgroundBackground
All broker information is compiled from public open sources (FMCSA data). Carriers must conduct their own independent investigation and due diligence before hauling any load.

TRANSNET INC.

MC362888 · DOT 00817213 · LAREDO, TX

+1 (956) 727-3100FMCSA SAFER

Trust Score

A87 / 100Excellent — well-established, fully compliant broker

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Owner / Officer
LUIS ABASCAL
Classification
Unknown
Authority Granted
May 2001
Fleet Size
0 units (Pure brokerage)
MCS-150 Updated
Oct 2023
Cargo Insurance
Not Required

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
Common AuthorityAllows a carrier to haul freight for the general public. Most brokers don't need this.
Inactive
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.
TRUCK PROCESS AGENTS OF AMERICA, INC, FARGO, ND
BMC-84$75,000 (required minimum)

SURETEC INSURANCE COMPANY · 10/01/2014

History & Compliance

Active

Current

DISCONTINUED REVOCATION

05/22/2002

Revocation discontinued

INVOLUNTARY REVOCATION

05/07/2002

Discontinued — 05/22/2002

GRANTED

05/08/2001

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

20/20
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.

1 revocation(s), all over 2 years ago

5/10
Rejected FilingsInsurance or bond filings rejected by FMCSA — often due to paperwork errors, but can indicate deeper issues.

No rejected filings

5/5
Compliance

Bond filed, BOC-3 on file, No insurance lapses

7/10

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

Frequently Asked

Is TRANSNET INC. a legitimate freight broker?

TRANSNET INC. (MC362888) has active broker authority with the FMCSA. Their Trust Score is A (87/100). They have been in business for 25 years. The company officer is LUIS ABASCAL. Registered with FMCSA since Jun 1999.

What is their bond status?

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

Need Dispatch for Your Truck?

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Dry Van
Dry Van
$2.85/mi avg
Reefer
Reefer
$3.10/mi avg
Flatbed
Flatbed
$3.25/mi avg
Hotshot
Hotshot
$2.60/mi avg
Power Only
Power Only
$2.50/mi avg
Step Deck
Step Deck
$3.40/mi avg
Conestoga
Conestoga
$3.40/mi avg
RGN
RGN
$4.50/mi avg
Box Truck
Box Truck
$2.10/mi avg

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