BROKERS ASSOCIATION COMPLAINING ABOUT THE HIGHER BOND REQUIREMENTS.
It looks like that new 75,000 dollar bond requirement is being balked at by the brokers association. Jee wonder why? Maybe it is to try to protect he trucking companies from the thieves that get brokers authority. The reason for a bond is to garantee that the trucker will be paid. 10000 in freight isnt very many loads, not as it was when the 10,000 bond was started. Also at that time when you picked up a brokered load you got half of your money, and when you delivered the load, and it was signed off you got the other half. Not like it is today. 99.99% of the brokers are honest hard working people.Then their are those that are flat out criminals . When you pay once a month or every couple of weeks behind the load, brokers would be over the 10,000 dollar bond in money owed. And who suffered? The guy that hauled the load. So if you think hat 75,000 bond Is to much.. Then start paying 1/2 up front and the other 1/2 on delivery. At least the trucker knows right away if the broker is going to pay or not. Then it would be justifiable to back down the bond to10,000. But when that driver calls a broker that they don't know, who is the honest guy and who is the thief? Ohhh for those that don't read the news below, scroll down to the news articles, that is where this posting is talking about.