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SURETY BOND BLOG

Tag Archives: freight broker bond

01
Oct
2013

$75K Property Broker Bond Filings Begin, Unaffected By Government Shutdown

As of this morning (10/1/13), the FMCSA is accepting electronic filings on the new $75,000 freight broker bond requirement. The FMCSA previously stated that electronic filings could be processed by 10/1 and they did not let the Federal shutdown get in their way. Thousands of freight brokers throughout the country are currently being filed by read more »




19
Sep
2013

AIPBA Asserts $75K Property Broker Bond Program Too Good To Be True

James Lamb, President of the Association of Independent Property Brokers & Agents (AIPBA) recently expressed his belief that the JW Surety Bonds $75K freight broker bond offer is simply too good to be true. While we agree that our offer is the most competitive in the marketplace, it is not “too good to be true”. read more »




18
Sep
2013

Beware of MAP-21 “Patch” Products

The freight broker bond increase to $75,000 is upon us. The FMCSA stated they are allowing for a 60 day compliance window due to the near certain log jam of filings that will be occurring. Some are encouraging brokers to use this 60 day window to hold off on getting their bond. In lieu of read more »




18
Sep
2013

A Closer Look At MAP-21’s Effect On Freight Brokers

Earlier this week, we reported on the increase seen in freight brokers listed in the FMCSA database.  As many within the freight industry know, this is a mixed bag, as some of the increase can be attributed to carriers registering as freight brokers. A big thanks to Michael Curry of My Carrier Resources, LLC.   He read more »




16
Sep
2013

Active Freight Brokers Increase Despite Pending Map-21 $75,000 Bond Requirement

Many within the transportation industry have argued that MAP-21’s bond increase to $75,000 would put many brokers out of business due to an unobtainable bond requirement. According to statistics provided by My Carrier Resources, LLC, the number of active brokers listed in the FMCSA database has steadily increased throughout 2013.  In fact, the biggest spike read more »




11
Sep
2013

Carriers Requiring $75K Bond Of Brokers By Oct. 1st To Do Business

There has been confusion as to whether freight brokers need their bond by 10/1 or 12/1.  What is clear is that many carriers working with brokers are requiring them to have their $75,000 bond to be in place by October 1st if they wish to do business. JW Surety Bonds Keeping Brokers Compliant JW Surety read more »