Tag: surety bonds

Business

A ‘hit it and move on’ broker scam — and more loopholes

As brokerage scams multiply, learn from Allan Workman’s experience with Cedar Freight and discover an important loophole scammers exploit here.

March 2, 2020

Business

‘You just lose’ when middlemen don’t pay: Broker reform eight years in the waiting

Who is to blame for the lingering transportation brokerage problems and lack of attention to MAP-21? Read more details here on Overdrive.

February 28, 2020

Business

How to file against a broker’s bond — and other collections-related resources

When it comes to working with brokers, nonpayment has been an issue for many owner-operators. Learn how to file against the broker's bond and more on Overdrive.

January 23, 2020

Channel 19

When the broker disappears with the owner-op’s money

Broker launches new authority in July, surety is now pending cancellation after a run-up in claims. Sound familiar? Owner-op Allan Workman is owed money, and is on a mission to shine a light on the intrastate/exempt commodities surety exceptions that he believes prolongs the viability of such an operation.

November 5, 2019

Channel 19

Avoid getting stiffed: New flag on brokers with bonds pending cancellation can be effective recon tool

If a surety provider’s notice of cancellation of a broker’s bond can’t result in an immediate suspension because of “the need for rulemaking,” as FMCSA has noted, “that is a catch-22,” one watcher says, a “stretch of highway 100 miles long” with no stop signs against a fradulent broker doing business with no intent to pay. There’s a stop sign available now.

December 10, 2018

Business

Highway robbery: Combating dishonest brokers

Even with more broker-checking services available, some dishonest freight middlemen continue to deceive or steal from owner-operators. Things are in play for a technical change long in process at the level of FMCSA to help combat the ‘worst of the worst’ among fraudulent operations.

March 6, 2018

Channel 19

Ken Lund: 75K broker bond no ‘large broker’ move

A Transportation Intermediaries Association board member objects to characterizations of the the organization as serving the interests only of large brokerages.

October 2, 2012

Channel 19

EOBRs, broker bond in limbo as highway bill nears

If passed as drafted, MAP-21 would mandate EOBRs for virtually all interstate carriers and raise brokers’ minimum surety requirements to $100,000.

June 22, 2012