Follow @channel19todd on Twitter for updates from this week's Motor Carrier Safety Advisory Committee meeting in Alexandria, Va., set to take up highway-bill priorities and CSA, among other topics.
A federal investigation that began four years ago following a request by the Transportation Intermediaries Association has resulted in the indictment of a California bond company owner on charges of defrauding motor carrier trust funds.
AIPBA has filed an application with FMCSA asking it to exempt all brokers from the increase. The group has also been fighting the bond increase in court.
The dropping numbers of brokers in FMCSA's database doesn't tell the whole story, says a TIA rep, and the impact of the broker bond increase on the trucking industry will be minimal, he added.
In a number that's been increasing every day since Dec. 1, 7,561 freight brokers are now shut down due to their failure to comply with bond increase required by the MAP-21, says James Lamb, AIPBA ...
A broker trade association is appealing a new regulation that changed their minimum bond requirement from $10,000 to $75,000, which it says already has shut down 2,768 brokers not in compliance by Dec. 1 deadline.
A federal court has denied a broker trade association’s motion to halt an increase in the surety bond from $10,000 to $75,000.
AIPBA alleges FMCSA violation of the Administrative Procedure Act, given the agency did not conduct rulemaking to raise the minimum required broker bond from $10K to $75K, slated to go into effect October 1.
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