Brokers

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April 16, 2014

Woman Sentenced in Double Brokering Freight Scam

A federal court has sentenced a Georgia woman after pleading guilty late last year in a double brokering scheme.

March 31, 2014

Listening Session Draws Ideas for New-Entrant Requirements

MATS, LOUISVILLE – There were a variety of suggestions from industry players on how to implement a new-entrant testing system Friday during the Federal Motor Carrier Safety Administration's public listening session at the Mid-America Trucking Show.

February 10, 2014

Freight Broker Bond Company Owner Indicted

The owner of a freight broker bond company was indicted in U.S. District Court, Los Angeles, Calif. late last month in connection with a trust fund scheme.

January 14, 2014

California Issues Reminder over Compliance with Reefer Rules

The California Air Resources Board is reminding brokers, forwarders, shippers and receivers that hire motor carriers to transport perishable goods on California highways to re-establish due diligence in their hiring practices with the start of 2014.

December 26, 2013

Brokers, Freight Forwarders Seek Relief from Bond

The Federal Motor Carrier Safety Administration is looking for comments on requests to exempt brokers and some freight forwarders from the new $75,000 bond requirement.

December 12, 2013

Bond Fallout Could Mean One-Third Fewer Brokers in 2014

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.

December 6, 2013

FMCSA Revokes Around 2,000 Freight Broker Licenses

UPDATED -- Nearly 10% of the nation’s freight brokers no longer have their licenses following new federal regulations that took effect requiring a higher bonding amount, while another source says the number is even higher.

December 3, 2013

Woman Admits to Double Brokering Scheme

A woman has pleaded guilty to charges in U.S. District Court in Macon, Ga., for her involvement in a double-brokering freight scam. On Nov. 20, Pauline Robinson-Kirkland, of Donalsonville, Ga., admitted to mail fraud. She was indicted in July 2012.

November 26, 2013

Group Loses Appeal to Stop Broker Bond Hike

The Association of Independent Property Brokers & Agents lost a challenge on Tuesday before the U.S. Court of Appeals for the 11th Circuit to delay enforcement of the Federal Motor Carrier Safety Administration’s new broker bond requirement that takes full effect on Dec. 1.

November 13, 2013

The $75K Freight Broker Bond Increase in a Nutshell

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.

October 23, 2013

Broker Suit Against Bond Is Back in Motion

The suit by small property brokers against new bond requirements is back in motion after a federal magistrate lifted a stay, clearing the way for legal arguments over moving the matter to federal appeals court.

October 9, 2013

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

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.

September 24, 2013

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

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.

September 5, 2013

FMCSA Posts Guidance on New Broker, Freight Forwarder Requirements

The Federal Motor Carrier Safety Administration is setting an Oct. 1 deadline for compliance with new requirements for brokers and freight forwarders. In a Federal Register notice Thursday, the agency laid out its plan for implementing the terms of last year’s highway law, including a $75,000 bond requirement.

July 18, 2013

Small Brokers Sue to Stop $75,000 Bond Requirement

A group representing small property brokers has sued the Federal Motor Carrier Safety Administration to stop the new $75,000 bond requirement scheduled to go into effect Oct. 1, saying large trade groups are trying to eliminate small broker competition.

February 15, 2013

Spot Freight Index Shows Unusual Strength in January

Reaching the highest-ever volume for the month of January, the DAT North American Freight Index increased 42% last month compared to January 2012. Freight volume was unusually robust for the season, exceeding December levels by 24%

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