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Authorized · PropertyUSDOT 1415641· MC538231· CARRIER· EIN 27-0540393
⬇ PDF report

L & M STEEL COMPANY LLC

82320 536 AVE, NEWMAN GROVE, NE, 68758(402) 608-0369banksfarms12@gmail.comSHEANA BANKS
Vetting snapshot
Authority
Active
operating authority
Insurance
$1M BIPD
Great West Casualty Co
Vehicle OOS
33.3%
above 22% national avg
Driver OOS
6.1%
below 6.7% national avg
Crashes 24mo
1
none fatal
Red flags
None
nothing flagged
73
/ 100

Risk factors

Moderate riskVioCodes score
Vehicle OOS 33.3% — well above the 22% national average1 crash in the last 24 months

A weighted read of the public FMCSA signals below — authority, insurance, out-of-service, crashes, roadside OOS rates, and carrier connections. A starting point for vetting, not a guarantee.

Broker payment signals

Bond, cancellation & authority risk for this broker — from free FMCSA records.

Proceed with checks
Broker bond
Bond on file
BMC-84 surety · Merchants National Bonding, Inc.
Cancellation filed
None
bond since 08/27/2021
Authority
Active
3 past revocations
Registered
21 yrs
since 09/14/2005
  • Authority revoked 3 times historically (reinstated) — a pattern worth noting.
  • Bond has changed hands 6 times across 2 sureties — churn can signal payment or coverage trouble.

These are FMCSA bond & authority signals — not a credit report. A filed bond cancellation is the biggest early warning that a broker may stop paying, but days-to-pay and slow-pay history aren’t public FMCSA data — verify those with a broker-credit service or references before extending terms.

Authority & insurance

MC538231

Operating authority and insurance on file — from FMCSA Licensing & Insurance (L&I).

Common
None
Contract
Active
Broker
Active
Authorized for: Property
Liability (BIPD)
$1M on file
$750K required
Cargo
Not on file
not required
Bond / surety
On file
required
Insurance filings
ON FILELiability (BIPD) — BMC-91X$1M coverageeff 05/07/2024
Great West Casualty Co· policy GWP32823A
ENDED 05/07/2024Liability (BIPD) — BMC-91X$1M coverageeff 05/07/2024
Great West Casualty Co· policy GWP32823A
ON FILEProperty broker surety — BMC-84$75K coverageeff 08/27/2021
Merchants National Bonding, Inc.· policy 4001188
Authority history (6) ▾
08/02/2021BROKERINVOLUNTARY REVOCATION→ DISCONTINUED REVOCATION (08/10/2021)
03/21/2011BROKERINVOLUNTARY REVOCATION→ DISCONTINUED REVOCATION (03/22/2011)
08/28/2009PROPERTY BROKERREINSTATED
07/23/2009CONTRACTINVOLUNTARY REVOCATION→ DISCONTINUED REVOCATION (07/24/2009)
03/14/2008PROPERTY BROKERGRANTED→ REVOKED (08/25/2009)
10/28/2005MOTOR PROPERTY CONTRACT CARRIERGRANTED
Insurance history3 insurers on record
Filing timeline (8) ▾
  1. GREAT WEST CASUALTY CO.$1MReplaced
    BIPD/Primary · eff 07/23/2009 → 05/07/2024
  2. GREAT WEST CASUALTY CO.$750KCancelled
    SURETY · eff 10/01/2013 → 08/27/2021
  3. GREAT WEST CASUALTY CO.$750KReplaced
    SURETY · eff 08/27/2009 → 10/01/2013
  4. GREAT WEST CASUALTY CO.$750KCancelled
    SURETY · eff 08/27/2009 → 04/17/2011
  5. GREAT WEST CASUALTY CO.$750KReplaced
    SURETY · eff 08/27/2009 → 08/27/2009
  6. GREAT WEST CASUALTY CO.$1MName Changed
    BIPD/Primary · eff 10/11/2005 → 08/25/2009
  7. GREAT WEST CASUALTY CO.$750KName Changed
    SURETY · eff 03/10/2008 → 08/25/2009
  8. GREAT WEST CASUALTY CO.$1MReplaced
    BIPD/Primary · eff 10/11/2005 → 07/23/2009

Source: FMCSA Licensing & Insurance (L&I), public data. This shows the carrier’s federal insurance filings (BMC-91X liability, BMC-34 cargo) — the federally-required minimums on file for operating authority — not the carrier’s full commercial policy (its actual auto combined-single-limit, general liability, cargo, or workers’ comp, which appear on the carrier’s ACORD certificate of insurance). Always confirm current coverage with a COI from the carrier’s agent before making a vetting decision.

Roadside inspection performance

Out-of-service rate vs national average. Lower is better.

Vehicle15 inspections · 33.3% OOS · National 22%
Driver33 inspections · 6.1% OOS · National 6.7%

Crash record (US, last 24 months)

Total

1

Tow-away

1

Injury

0

Fatal

0

Company profile

FMCSA census

AUTHORIZED FOR HIRE

Power units
7
on file (MCS-150)
Drivers
7
0 hold a CDL
Annual mileage
0.9M mi
reported 2025
Recordable crash rate
0.00
per million miles
How far they run · drivers by operating lane
  • Interstate · 100+ mi7 drivers
Company officer
SHEANA BANKS
Operation
Interstate · Hazmat
Registered since
2005-09-14
Last MCS-150 update
2026-05-04
Census status
Active

Fleet: 7 trucks · 7 owned tractors · 7 owned trailers.

Source: FMCSA Company Census File (data.transportation.gov). Fleet and driver counts are self-reported on the carrier’s most recent MCS-150 filing.

Data change history

Every FMCSA record change we’ve detected — address, fleet size, contacts, MCS-150 — newest first.

Activity history

18 events
  1. 05/04/2026MCS-150 update filed

    0.8M mi reported (2025)

  2. 05/07/2024Insurance filed — Great West Casualty Co

    Liability (BIPD) — BMC-91X · policy GWP32823A

  3. 05/07/2024Insurance ended — Great West Casualty Co

    policy GWP32823A

  4. 05/07/2024Insurance replaced — GREAT WEST CASUALTY CO.

    BIPD/Primary · policy GWP32823A

  5. 08/27/2021Insurance filed — Merchants National Bonding, Inc.

    Property broker surety — BMC-84 · policy 4001188

  6. 08/27/2021Insurance cancelled — GREAT WEST CASUALTY CO.

    SURETY · policy SIC16732A

  7. 08/02/2021BROKER — INVOLUNTARY REVOCATION

    DISCONTINUED REVOCATION (08/10/2021)

  8. 10/01/2013Insurance replaced — GREAT WEST CASUALTY CO.

    SURETY · policy SIC16732A

  9. 04/17/2011Insurance cancelled — GREAT WEST CASUALTY CO.

    SURETY · policy SIC16732A

  10. 03/21/2011BROKER — INVOLUNTARY REVOCATION

    DISCONTINUED REVOCATION (03/22/2011)

  11. 08/28/2009PROPERTY BROKER — REINSTATED
  12. 08/27/2009Insurance replaced — GREAT WEST CASUALTY CO.

    SURETY · policy SIC16732A

  13. 08/25/2009Insurance name changed — GREAT WEST CASUALTY CO.

    BIPD/Primary · policy GWP32823A

  14. 07/23/2009CONTRACT — INVOLUNTARY REVOCATION

    DISCONTINUED REVOCATION (07/24/2009)

  15. 07/23/2009Insurance replaced — GREAT WEST CASUALTY CO.

    BIPD/Primary · policy GWP32823A

  16. 03/14/2008PROPERTY BROKER — GRANTED

    REVOKED (08/25/2009)

  17. 10/28/2005MOTOR PROPERTY CONTRACT CARRIER — GRANTED
  18. 09/14/2005Registered with FMCSA

    AUTHORIZED FOR HIRE

Merged from FMCSA authority, insurance, out-of-service, and census records.

🚛

Operations

Classification

  • AUTHORIZED FOR HIRE

Area served

  • Interstate
★

FMCSA safety rating

Rating
Not rated
Type
Compliance review
Rated
—
Last review
2013-12-18
📄

MCS-150 registration

Form date
2026-05-04
Reported mileage
850,000 mi (2025)
📜

Changes on file

FMCSA census history

  1. January, 2021

    First on-record entry — L & M STEEL CO LLC, NEWMAN GROVE, NE

⚡

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Data sourced from public FMCSA records via safer.fmcsa.dot.gov · Latest FMCSA update: Sep 2026 · Page refreshed: Oct 10, 2026, 9:13 PM. VioCodes is not affiliated with FMCSA. To dispute incorrect data, file a DataQs Request for Data Review.