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Tag: surety bond
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
Voices
POLL: What’s been your recourse action when a broker doesn’t pay?
Whether taking it up with the shipper/receiver responsible on the loading, filing against the broker’s bond, reporting to DOT or other law enforcement agency for potential fraud, or filing a lawsuit: What have you done in the past when a nonpayment issue arises?
January 9, 2020
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
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.
March 8, 2013
Business
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.
February 26, 2013
Voices
Poll: Have you ever filed a claim on a broker’s surety bond?
January 8, 2013
Channel 19
Small brokers reload on $75K bond
Small brokers group AIPBA planning court challenge to the new $75K broker/freight forwarder surety bond requirement.
August 23, 2012
Business
Highway bill compromise raises broker bond to $75,000
Language in the tentative agreement raises the surety bond minimum to $75,000 from $10,000, where it had been since the deregulation era.
June 28, 2012
Business
Surety bond program now available
Surety bonds are being offered as part of the ITS Financial Services Diamond Broker program.
March 4, 2011
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