What are they trying to do now?

Apr 12, 2020 at 04:27 PM CST + 1
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. Did anyone else take time to read this!?!? I really believe this could be a serious blow to the small trucking community. I beleive it would allow the real theves to get a foot hold and ruin rates in our industry like we have never seen before. I would like to see those who think what I'm stating is right, please conatct your legislators and get the to stop this from becoming law. I beileive it is just a FMCSA docket, but we need to stop this from becoming law. That Bond may be the only thing keeping some of the rates safe. https://www.bulkloads.com/tools/news/FMCSA-to-consider-small-brokers-security-bond-exemption-request/

Apr 12, 2020 at 04:27 PM CST

+ 1

Posted by a private BulkLoads.com member.

Did anyone else take time to read this!?!? I really believe this could be a serious blow to the small trucking community. I beleive it would allow the real theves to get a foot hold and ruin rates in our industry like we have never seen before. I would like to see those who think what I'm stating is right, please conatct your legislators and get the to stop this from becoming law. I beileive it is just a FMCSA docket, but we need to stop this from becoming law. That Bond may be the only thing keeping some of the rates safe.

https://www.bulkloads.com/tools/news/FMCSA-to-consider-small-brokers-security-bond-exemption-request/

Replied on Mon, Apr 13, 2020 at 07:32 AM CST
Posted by a private BulkLoads.com member.	Posted by a private BulkLoads.com member. It'll never happen. Even if it did; who cares? Let the $1/mile crew run themselves into the ground. The brokers who feed them won't be around much longer without them. Personally, I think the bond amount should fit the sales amount of the brokerage. For a micro broker 75k might be a little too much but for a large multinational conglomerate 75k doesn't even cover a week's worth of accounts payable. In the grand scheme of things the cost of a 75k bond is minimal no matter what anyway. It's not expensive. It's chump change compared to what we pay for commercial liability every year and we have much more overhead than the average broker. https://www.bryantsuretybonds.com/75000-surety-bond-cost

Replied on Mon, Apr 13, 2020 at 07:32 AM CST

Posted by a private BulkLoads.com member.

It'll never happen. Even if it did; who cares? Let the $1/mile crew run themselves into the ground. The brokers who feed them won't be around much longer without them. Personally, I think the bond amount should fit the sales amount of the brokerage. For a micro broker 75k might be a little too much but for a large multinational conglomerate 75k doesn't even cover a week's worth of accounts payable. In the grand scheme of things the cost of a 75k bond is minimal no matter what anyway. It's not expensive. It's chump change compared to what we pay for commercial liability every year and we have much more overhead than the average broker.

https://www.bryantsuretybonds.com/75000-surety-bond-cost