Fleet Management

Regulations

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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

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