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 ...
The regulatory bottleneck heading toward the trucking industry in 2014 will further shrink the driver pool and the industry's capacity and could lead to a 6 percent increase in truckload rates by the second quarter ...
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.
FMCSA withdraws its 2007 Notice of Proposed Rulemaking on Entry Level Driver Training in favor of developing another proposal.
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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