Brokers

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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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