Carrier profile · USDOT 2387808 · MC-820587 · Updated Jul 4, 2026

FORMULA TRANSPORT LLC

4 power unitsavg 21 yrRegional · 6 statesELIZABETH, NJ88/100

CARRIER ACTIVEMC-820587 ACTIVE

Authority & Insurance

Active operating authority by type and the full insurance continuity timeline — insurer, policy, coverage, and any lapses — so you can confirm they can legally and adequately haul your load today.

Operating authority· 49 CFR · per type

Operating authority

Common: None
Contract: Active
Broker: None

Insurance & bonds

BIPD / liability$750,000 in force

Cargo filing (census)Not recorded per census

Surety bond (census)Not recorded per census

Insurance adequacy· filed BIPD vs the $750K federal floor

$750K in forcegeneral-freight federal minimum

$750K floor

Filed BIPD coverage of $750K meets or exceeds the $750K federal minimum for general freight (49 CFR 387.9). Some commodities (hazmat, larger vehicles) require $1M–$5M — confirm against your load.

Insurance continuity· insurer · policy · lapses

$750K BIPD last filed ’26 · 3 insurers · 1 lapseCoverage lapse

Ari’13–’15

National Continental’19–’21

Drive New’21–’26

2013201720212025now

Shorter eras are too brief to label at this scale — all 4 insurers are named in the list below.

BIPD in force — $750,000 · ACCREDITED SPECIALTY INSURANCE COMPANY · since May 2026

All 4 insurer eras · dates, limits, renewals

Insurer	Period	Limit	Renewals
DRIVE NEW JERSEY INSURANCE COMPANY	May 2021 → Jun 2026	$750K	3
NATIONAL CONTINENTAL INSURANCE CO.	Aug 2019 → May 2021	$750K	5
DRIVE NEW JERSEY INSURANCE COMPANY	Jun 2015 → Oct 2015	$750K	1
ARI INSURANCE COMPANY	May 2013 → Jun 2015	$750K	3