Article

Brokers

December 2013, TruckingInfo.com - WebXclusive

Bond Fallout Could Mean One-Third Fewer Brokers in 2014

By Michele Greene, DAT

The FMCSA has revoked the operating authority of 8,180 brokers since Dec. 2, the date the federal agency began revoking authority from brokers without a $75,000 bond.

Tags: FMCSA, Freight, Spot Freight, Brokers, DAT Transcore

November 2013, TruckingInfo.com - WebXclusive

The $75K Freight Broker Bond Increase in a Nutshell

By Svetlana Guineva, Bryant Surety Bonds

Freight brokers, like trucking companies, have traditionally represented the American spirit of independence and entrepreneurship. Some people, however, fear that the changes brought about by the Moving Ahead for Progress in the 21st Century Act (MAP-21), which recently took effect, are about to change this.

Tags: MAP-21, Brokers

October 2013, TruckingInfo.com - WebXclusive

Brokers: Are You Compliant with the New Broker Bond Requirement?

By Sandy Miller, J.W. Surety Bonds

As of Oct. 1, all FMCSA-registered freight brokers and forwarders must have proof of a $75,000 surety bond or trust fund. While much has been reported about the FMCSA’s 60-day phase in period, the fact remains you need a $75K bond or trust in place now in order to legally operate.

Tags: Regulations, Brokers

September 2013, TruckingInfo.com - WebXclusive

Options for the New $75,000 Freight Broker Security Requirement

By Sandy Miller, J.W. Surety Bonds

The transportation law, MAP-21, upped the financial security requirements for freight brokers and forwarders to $75,000. The law offers options for the new financial security requirement, but specifics are not always clear. With the FMCSA deadline approaching in just a week, here is some information on an option for small- to mid-size brokers and for carriers who also act as brokers.

Tags: MAP-21, Brokers

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