broker bond

Hopping a beverage trailer to D.C.

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.

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Bond co. owner indicted for defrauding motor carrier trust funds

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.

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Broker group continues push against bond increase, files for exemption for all brokers

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.

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Another take on broker bond increase: TIA says impact on brokers, industry will be minimal

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.

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35% of brokers have authority revoked in bond increase measure, broker group says

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 president.

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Broker numbers fall following bond increase, broker group appealing mandate

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.

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Brokers lose court bid to stop Dec. 1 bond increase

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.

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Broker organization sues over hike in bond requirement

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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How-to: File against a broker’s bond

Federal rules pertaining to broker surety filings are in flux following congressional action last year that raised the minimum bond from $10,000 to $75,000. Still, basic procedures for filing are expected to remain.

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Broker bond increase challenge gets new backer

The National Association for Minority Truckers has joined the Association of Independent Property Brokers and Agents in calling for legislative repeal of increased surety requirements for brokers and freight forwarders.

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