FMCSA rejects 2nd shot at $75,000 truck-broker bond exemption

Dec 16, 2021 at 09:09 AM CST
The Federal Motor Carrier Safety Administration has again denied a request from a group of truck brokers for an exemption from a $75,000 bond requirement — but the petitioners contend the agency missed the point of their exemption request. In a notice scheduled to be published on Thursday, the FMCSA said it was denying the Small Business in Transportation Coalition’s (SBTC) five-year exemption request for brokers and freight forwarders with annual revenues below $15 million because it “does not meet the statutory factors” for such an exemption.

Dec 16, 2021 at 09:09 AM CST

The Federal Motor Carrier Safety Administration has again denied a request from a group of truck brokers for an exemption from a $75,000 bond requirement — but the petitioners contend the agency missed the point of their exemption request. In a notice scheduled to be published on Thursday, the FMCSA said it was denying the Small Business in Transportation Coalition’s (SBTC) five-year exemption request for brokers and freight forwarders with annual revenues below $15 million because it “does not meet the statutory factors” for such an exemption.