Tag: broker bond
How to file on a broker’s surety bond
Do you know what to do when a broker doesn't pay you? Discover the steps you need to take when filing on a broker's surety bond today.
March 23, 2020
Critics say trust fund surety fails to protect truckers in claims against brokers
Critics note brokers' trust fund sureties can exist with little or lax regulation, and with too few trust assets backing them up. Learn more here on Overdrive.
March 4, 2020
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
‘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
POLL: Ever filed on a broker’s bond over nonpayment on an intrastate load?
We’ve seen more than one instance of late on in-a-single-state moves where surety-bond claims after a broker’s nonpayment come back invalid, uncovered — to say nothing of the same on loads of exempt commodities. What’s been your experience filing on bonds for intrastate loads, such as it may be?
October 24, 2019
FMCSA fielding feedback on weeding out insolvent brokers for another month
FMCSA is accepting public comments until Nov. 27 on its proposal to set criteria for revoking the operating authority of brokers who don’t comply with federal surety bond and trust fund requirements. Click through to find the link to file public comments.
October 26, 2018
FMCSA takes steps toward immediate suspension of insolvent brokers, seeks industry feedback
The Federal Motor Carrier Safety Administration seeks feedback on its proposed rule regarding brokers and freight forwarders with inadequate surety bonds.
September 26, 2018
Highway robbery: A clouded transparency
You think you’re all set: After 120 deadhead miles, you’re almost to the pickup — when the broker calls. The load’s canceled, he says, and $150 truck-ordered-not-used (TONU) is coming your way. … True? Or did he just find somebody cheaper …
March 9, 2018
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
POLL: Less-than-upstanding dealings with freight brokers: What have you experienced most?
From a meager truck-ordered-not-used payment after a conveniently “cancelled” load to late payment, no payment and having to file on a bond for hopes of payment, name your most-often-experienced frustration when dealing with freight brokers.
January 15, 2018
Truckers’ lawsuit against broker bond provider to continue following appeal
A lawsuit brought by several small business truckers against a defunct broker and its trust fund provider has fresh life following a successful appeal by the truckers involved and the Owner-Operator Independent Drivers Association, whose legal team is backing the truckers’ suit.
January 9, 2017
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.
February 10, 2014
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