Securing the freight broker bond is required to operate legally. It functions as a contract to protect both the carrier and the shipper. Whether you’re a motor carrier that works with brokers or ...
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 ...
A freight broker arranges for truck transportation of cargo. The broker does not own the trucks that transports the cargo but acts as a go-between between the shipping company and the trucking company ...
The Federal Motor Carrier Safety Administration has issued a proposed rule that establishes financial security requirements for freight forwarders, taking further action on legislation that stretches ...
New legislation designed to significantly beef up regulatory oversight of freight brokers and freight forwarders operating within the trucking industry is drawing both praise and concern-- especially ...
This story appears in the July 23 print edition of Transport Topics. A provision in the recently enacted federal transportation legislation aimed at protecting truckers and shippers by dramatically ...
Let’s start with the facts—then we’ll dig into what they really mean. On January 16, 2026, the FMCSA will begin enforcing stricter compliance standards around freight broker and freight forwarder ...
Joining the Association of Independent Property Brokers and Agents in efforts to repeal the increased broker and freight forwarder surety requirements written into last year’s MAP-21 highway bill is ...
The Federal Motor Carrier Safety Administration is considering tightening regulations to lessen the number of what it calls “unscrupulous” brokers who try to avoid paying claims levied against them by ...
The Federal Motor Carrier Safety Administration on Tuesday announced it is extending the comment period for a notice of proposed rulemaking (NPRM) offering rules to change broker and freight forwarder ...
The freight brokerage business involves arranging transportation services between freight companies and the businesses that require their services. The broker finds the best rates given the type of ...