The Federal Motor Carrier Safety Administration's notice on November 20, 2024, proposed several changes to federal regulations governing brokered-freight transaction records. Perhaps the most impactful of the changes would shift the approach to carriers and shippers' access to those records by making it a regulatory "duty" or "obligation" of brokers to share the records, including all freight charges, when requested by the carrier on the load or the shipper who ultimately paid the broker for his/her services.
Read about the rule's details via this link.
As reported as the rule was released, many brokers are dead-set against being required to share shippers' rates with motor carriers, and seem gearing up to fight the reg. Meantime, what do you think about the shift in approach to what's been known as the "broker transparency" regulation? If implemented, would it stand a chance to materially impact rates and market dynamics for you as an owner-operator? Doesn't go far enough? If you didn't see this two-question survey on the issue when it first aired earlier in the week, weigh in below and see what your peers are saying.
Importantly, too, a 60-day comment period remains open to officially lodge your opinion with regulators here.
