Now that the FMCSA’s $75,000 bond compliance grace period ended on December 1st, the FMCSA has stuck to their word and is wasting no time enforcing the increased freight broker requirement. In the first two days, about 1,900 broker authorities have been revoked. It is expected the number of authority revocations will only increase, as read more »
Category: Commercial Bonds
JW Bond Consultants, Inc. will be closing at 12:00 p.m. EST on Wednesday, November 27, 2013 and remain closed through Friday, November 29, 2013 for Thanksgiving. We will reopen Monday, December 2, 2013 at 9:00 a.m. EST. Wishing you all a wonderful Thanksgiving holiday!
Category: Surety News
The FMCSA grace period for compliance with the $75,000 freight broker bond requirement ends on 12/1/2013. However, freight brokers who want to guarantee they will have the $75,000 bond in time only have until 11/25/2013 to submit all required information and documents to our bond agency, JW Surety Bonds. Doesn’t the Grace Period End on read more »
The FMCSA $75,000 bond deadline passed on October 1st, and the end of its 60 day grace period is quickly approaching on December 1st. With active freight broker filings recently hitting a 2013 high and continuing to trend upwards, it’s estimated that thousands of freight brokers are still not compliant with the increased bond requirement. read more »
Despite MAP-21 and the $75,000 bond requirement that went into effect Oct. 1st, 2013, freight broker filings have continued to increase. In fact, broker registrations are the highest they have been in 2013. The number of active brokers in the FMCSA database topped out at 20,096 during the week of 10/25/2013 (thanks to My Carrier read more »