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Tag: broker bond
Business
How to file on a brokerâs 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
Business
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
Business
A âhit it and move onâ broker scam â and more loopholes
As brokerage scams multiply, learn from Allan Workmanâs experience with Cedar Freight and discover an important loophole scammers exploit here.
March 2, 2020
Business
âYou just loseâ when middlemen donât 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
Voices
POLL: Ever filed on a brokerâs bond over nonpayment on an intrastate load?
Weâve seen more than one instance of late on in-a-single-state moves where surety-bond claims after a brokerâs nonpayment come back invalid, uncovered â to say nothing of the same on loads of exempt commodities. Whatâs been your experience filing on bonds for intrastate loads, such as it may be?
October 24, 2019
Business
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 donât comply with federal surety bond and trust fund requirements. Click through to find the link to file public comments.
October 26, 2018
Business
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
Business
Highway robbery: A clouded transparency
You think youâre all set: After 120 deadhead miles, youâre almost to the pickup â when the broker calls. The loadâs canceled, he says, and $150 truck-ordered-not-used (TONU) is coming your way. ⌠True? Or did he just find somebody cheaper âŚ
March 9, 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 âworst of the worstâ among fraudulent operations.
March 6, 2018
Voices
POLL: Less-than-upstanding dealings with freight brokers: What have you experienced most?
From a meager truck-ordered-not-used payment after a conveniently âcancelledâ 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
Business
Truckersâ 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 truckersâ suit.
January 9, 2017
Channel 19
Hopping a beverage trailer to D.C.
Follow @channel19todd on Twitter for updates from this weekâs 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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