FORMULA TRANSPORT LLC

DOT 2387808 MC 820587 Active

FMCSA records refresh daily. Sourced from public FMCSA datasets - verify with the agency before making business decisions.

Not yet rated
Claim this profile

Heads up - this is a brand new platform. Cargo Credible just launched, and we don't guarantee that every field on this profile is accurate or current. If you spot something that looks wrong, let us know using the button to the right and our team will investigate.

Authority

Contract Carrier

Active
Safety
31 inspections

Vehicle OOS: 16.13% (avg 20.7%)

Driver OOS: 71.43% (avg 5.5%)

Fleet
4 units

Drivers: 4

Trailers: 0 (0 owned)

Insurance
BIPD $750,000
Cargo On File
Bond —
Community

No reviews yet

Company Details

Physical Address

255 BOND ST, ELIZABETH, NJ, 07206

Phone Number

(908) 977-7096

Mailing Address

255 BOND ST, ELIZABETH, NJ, 07206

Cell Phone

----

Email Address

[email protected]

Fax Number

----

Business Organization

LLC

Operational Classification

AUTHORIZED FOR HIRE

Record Changes

Changes detected on this company's public FMCSA record over the last 2 years (legal name, DBA, phone, email, addresses, authority, insurance on file)

View changes across all companies

Sign in to view record changes

Change history on public FMCSA records is available to members.

Log in

Authority & Compliance

Operating Status: Active

Authority Status

Common Carrier

—
—

Contract Carrier

Active
13 yrs, 1 mo

Broker

—
—

Authority History

Date Action Type Status
2021-05-05 DISCONTINUED REVOCATION CONTRACT ACTIVE
2020-08-04 DISCONTINUED REVOCATION CONTRACT ACTIVE
2020-05-13 DISCONTINUED REVOCATION CONTRACT ACTIVE
2019-12-05 DISCONTINUED REVOCATION CONTRACT ACTIVE
2019-08-09 — MOTOR PROPERTY CONTRACT CARRIER ACTIVE
2015-10-19 REVOKED MOTOR PROPERTY CONTRACT CARRIER INACTIVE
2015-06-11 DISCONTINUED REVOCATION CONTRACT ACTIVE

Revocation History

Authority Type Order Docket # Effective Date
CONTRACT INVOLUNTARY REVOCATION MC820587 2015-10-19

Insurance & Bond Information

Current insurance coverage and bond requirements by authority type

BIPD Insurance

Bodily Injury & Property Damage

Active

Required for carriers transporting goods. Covers accidents and property damage.

On File: $750,000
Required: $750,000
Cargo Insurance

Cargo Liability Coverage

On File

Covers loss or damage to goods being transported.

Status: On File
Required: Yes
Bond Coverage

Broker/Freight Forwarder Bond

—

Required for brokers/freight forwarders ($75K minimum).

Status: Not Required
Required: No (Carriers exempt)
Insurance Requirements by Authority Type

For Profit Carrier

  • BIPD: $750,000 - $5,000,000 (varies by cargo)
  • Cargo: Varies by commodity
  • Bond: Not required

Broker/Freight Forwarder

  • BIPD: May be required
  • Cargo: Not typically required
  • Bond: $75,000 minimum

Insurance Filing History

Effective Date Type Policy # Coverage Insurer Cancel Date Method Status
2026-05-05 BIPD/Primary 2-CWH-NJ-19-S0353872-00 $750,000 ACCREDITED SPECIALTY INSURANC… - - ACTIVE
2025-10-02 BIPD/Primary CA03637144 $750,000 DRIVE NEW JERSEY INSURANCE CO… 2026-05-05 TERM/REPL CANCELLED
2021-05-05 BIPD/Primary CA03637144 $750,000 DRIVE NEW JERSEY INSURANCE CO… 2025-10-02 CANCEL CANCELLED
2020-08-24 BIPD/Primary CNJ0005095716-0 $750,000 NATIONAL CONTINENTAL INSURANC… 2021-05-10 TERM/CANCL CANCELLED
2020-05-10 BIPD/Primary CNJ0005095716-0 $750,000 NATIONAL CONTINENTAL INSURANC… 2020-08-24 CANCEL CANCELLED
2019-12-10 BIPD/Primary CNJ0005095716-9 $750,000 NATIONAL CONTINENTAL INSURANC… 2020-05-10 CANCEL CANCELLED
2019-08-09 BIPD/Primary CNJ0005095716-9 $750,000 NATIONAL CONTINENTAL INSURANC… 2019-12-10 CANCEL CANCELLED
2015-06-10 BIPD/Primary CA 3724614 $750,000 DRIVE NEW JERSEY INSURANCE CO… 2015-10-13 CANCEL CANCELLED
2014-05-17 BIPD/Primary CP29001197 $750,000 ARI INSURANCE COMPANY 2015-06-10 TERM/REPL CANCELLED
2013-05-17 BIPD/Primary CP29001197 $750,000 ARI INSURANCE COMPANY 2014-05-17 TERM/REPL CANCELLED

Safety Performance

Safety rating: Not Rated

Vehicle OOS Rate

16.13%

National avg: 20.72%

Below average

31 inspections · 5 OOS

Driver OOS Rate

71.43%

National avg: 5.51%

Above average

7 inspections · 5 OOS

Hazmat OOS Rate

-

No hazmat inspections

Total inspections: 31 Last inspection: Jun 29, 2026 Total crashes: 2

FMCSA Inspection Records (31 total)

Detailed inspection history and violations

Jun 29, 2026

SPSSI01250

1 viol. 1 OOS
Level 3 NJ FRHT 1FVACXCS...

Jun 5, 2026

9901C00105

Level 2 MD FREIGHTLIN 1FVACXCS...

May 13, 2026

T602613305

3 viol. 1 OOS
Level 1 PA FREIGHTLIN 1FVACXCS...

May 12, 2026

SPSYI01403

1 viol.
Level 2 NJ FRHT 1FVACXCS...

Mar 11, 2026

D808900161

7 viol. 4 OOS
Level 1 NY FREIGHTLIN 1FVACXCS...

Jan 14, 2026

SPT3121418

1 viol.
Level 2 NY FREIGHTLIN 1FVACXCS...

Jan 2, 2026

SPRQI02215

Level 2 NJ FREIGHTLIN 1FVACXCS...

Dec 31, 2025

D110601557

3 viol. 1 OOS
Level 2 NY FREIGHTLIN 1FVACXCS...

Nov 5, 2025

SPEKI02621

2 viol.
Level 2 NJ FRHT 1FVACXCS...

Oct 17, 2025

1279002399

2 viol. 2 OOS
Level 2 DE FREIGHTLIN 1FVACXCS...

Sep 18, 2025

SPM5010011

Level 3 NY FREIGHTLIN 1FVACXCS...

Apr 1, 2025

3056C00001

Level 2 MD FREIGHTLIN 1FVACXCS...

Mar 21, 2025

SPRSI01608

Level 2 NJ FRHT 1FVACXCS...

Feb 21, 2025

0224001649

2 viol. 1 OOS
Level 2 MD FRHT 1FVACXCS...

Feb 3, 2025

0L11400041

Level 3 NY FREIGHTLIN 1FVACXCS...
Total Inspections

31

Across all inspection types

Vehicle Inspections

31

FMCSA Accident/Crash Records (2 total)

Detailed accident history and severity information

A portion of FMCSA crash records are reported without a carrier identifier and cannot be attributed to a specific company, so they are not shown on individual profiles. The figures below reflect only the crashes FMCSA links to this carrier.

Nov 19, 2024

NJ • NJ0004299596

Tow Away

Fatal

0

Injury

0

Tow

Yes

Jan 20, 2017

NJ • NJ0017901733

Injury

Fatal

0

Injury

2

Tow

No
Fatal Crashes

0

Injury Crashes

2

Total Crashes

2

SMS Safety Analysis

BASIC category violations from FMCSA Safety Measurement System

18

Total BASIC Violations

Data from FMCSA SMS

Unsafe Driving

OK
Violations: 1
OOS: 0

Hours-of-Service Compliance

OK
Violations: 2
OOS: 2

Vehicle Maintenance

Warning
Violations: 13
OOS: 4

Controlled Substances/Alcohol

OK
Violations: 0
OOS: 0

Driver Fitness

OK
Violations: 2
OOS: 2

Hazardous Materials Compliance

OK
Violations: 0
OOS: 0

BASIC Categories

Unsafe Driving - Speeding, reckless driving
HOS Compliance - Hours of service violations
Vehicle Maintenance - Brakes, lights, tires
Controlled Substances/Alcohol - Drug/alcohol violations
Driver Fitness - Licensing, medical certs
Hazardous Materials Compliance - Hazardous materials

Industry Benchmark

Compare this carrier's metrics against industry expectations

Inspections

Based on reported mileage

31
Expected: 20 - 200 Within Range

Inspections

Based on power units

0
Expected: 80 - 220 Below Range

Power Units

Based on reported mileage

4
Expected: 50 - 250 Small Fleet

Equipment & Drivers

Fleet size, equipment ownership, and driver counts

Tractors

4

0 owned

Trailers

0

0 owned

Drivers

Total Drivers

4

CDL Drivers: 0
Interstate: 4
Intrastate: 0
Driver Inspections

7

Out of Service: 5
OOS Rate: 71.43%
Driver Distribution
Interstate (>100 mi): 0
Interstate (<100 mi): 4
Intrastate (>100 mi): 0
Intrastate (<100 mi): 0

Cargo & Operations

Cargo types hauled and operational classifications

Cargo Carried

General Freight

Operation Type

Interstate

Business Organization

LLC

Classification Categories

AUTHORIZED FOR HIRE

Operational Classification

Equipment Overview

4

Power Units

4

Trucks

0

Buses

0

Commercial Vehicles

Ratings & Reviews

Community ratings from brokers and shippers

Reviews are user-submitted opinions, not findings of fact. See our Platform Disclaimer and Review Policy.

No reviews yet - be the first to rate this carrier.

Compare Companies

0 of 4
Select 2-4 companies to compare