bond

Broker group’s bond exemption request denied

FMCSA: "Granting an exemption to all brokers and freight forwarders would flout a clear and recent congressional directive and statement of the public interest,"

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Highway bill compromise raises broker bond to $75,000

Language in the tentative agreement raises the surety bond minimum to $75,000 from $10,000, where it had been since the deregulation era.

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OOIDA on bond increase: Large brokers not the problem

I spoke to Owner-Operator Independent Drivers Association Executive Vice President Todd Spencer about the broker minimum bond increase issue earlier this week. The conversation followed posts to the blog looking at opposition to the measure (to raise it from $10,000 to $100,000) from small brokerages and their advocates, who have been reaching out to owner-operators hoping for a little small-business camaraderie. They paint the bond-increase proposal as an attempt by large brokerages and the biggest ...

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