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FMCSA, implementing 2012’s MAP-21 provisions, eyes rule to allow immediate shutdown of insolvent brokers

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Sep 27, 2018 at 10:31 AM CST
The Federal Motor Carrier Safety Administration will propose a rule Thursday that will, if made final, set criteria by which the agency could immediately revoke the operating authority of brokers and freight forwarders whose surety bonds or trust funds fall below the federally required $75,000 minimum. The agency is also seeking public input on a bevy of other issues as it relates to brokers who can’t pay carriers for loads tendered.

Sep 27, 2018 at 10:31 AM CST

The Federal Motor Carrier Safety Administration will propose a rule Thursday that will, if made final, set criteria by which the agency could immediately revoke the operating authority of brokers and freight forwarders whose surety bonds or trust funds fall below the federally required $75,000 minimum. The agency is also seeking public input on a bevy of other issues as it relates to brokers who can’t pay carriers for loads tendered.