Triple Crown Services Indemnity Bond Overview
- Purpose: To hold freight companies liable for paying transportation service charges in full
- Who Needs It: Freight companies purchasing services from Triple Crown Services on credit
- Regulating Body: Triple Crown Services, Inc.
- Bond Amount: $1,000–$100,000
- Minimum Price: Starting at 2% of the bond amount
If you purchase transportation services from Triple Crown Services, you'll likely need a surety bond. Read on to learn all about the bonding process.
What Is a Triple Crown Services Indemnity Bond?
All freight companies purchasing services from Triple Crown Services (TCS) without paying upfront must file a surety bond. This applies to the following types of companies:
- Shippers, manufacturers and distributors
- Carriers leasing TCS equipment
- Brokers
- Logistics companies
This bond financially guarantees payment of all transportation services, trailer usage and related charges. It also protects TCS’s specialized equipment and ensures companies uphold operational terms.
Note: In 2024, Norfolk Southern merged the Pennsylvania Thoroughbred Intermodal Direct Services (TDIS) and Triple Crown Services Company into a single entity, called Triple Crown Services, Inc.
Bond Coverage Requirements for Pennsylvania Freight Companies
Triple Crown Services will set your bond amount based on your requested credit limit. This ensures TCS will be paid for its services in full.
For example, if you purchase $50,000 in services on credit, you’ll need a $50,000 surety bond to cover potential losses.
How Much Do TCS Indemnity Bonds Cost?
Triple Crown Services transportation services indemnity bonds cost 2–12% of the bond amount based on credit score. For example, the minimum price for a $20,000 bond is $400.
Submit a quote request today for your personalized rate.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a TCS Indemnity Bond Work?
A Triple Crown Services transportation services bond creates a legal contract between these three parties:
| Bond Party | Description |
|---|---|
| Principal | The freight company owner(s) filing the bond |
| Obligee | Triple Crown Services, Inc. requiring the bond |
| Surety | The issuing surety provider |
As the principal, you promise to pay TCS in full and uphold all contract terms. If you fail to pay any charges within 15 days of being billed, TCS can file a claim.
The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.
How Do I Get a Triple Crown Services Bond in Pennsylvania?
SuretyBonds.com makes the bond application process fast and easy. Simply open the form in our online portal and enter your information. Our bond experts will be in touch with a quote within one business day.
Once we process your payment, we’ll mail you the official bond form. Be sure to file your bond with Triple Crown Services as instructed.
Can I Get Bonded With Bad Credit?
Yes, you may still be able to get bonded with bad credit. However, poor credit will likely increase your premium rate.
Fill out the quote request form to receive your personalized price within one business day.
How Do I Renew My Indemnity Bond?
Triple Crown Services indemnity bonds expire annually.
To renew your indemnity bond, simply pay your renewal invoice when prompted. We’ll begin contacting you by phone and email 90 days before the expiration date.
