The latest freight broker bond news—gathered in one convenient place. Dive into the most recent legislation affecting freight broker bonds, find tips for freight licensing, learn the latest about the trucking industry, and more.
For additional information on freight broker bonds, head over to our How to Get a Freight Broker Bond Guide. It covers everything you need to know to become a licensed freight broker, from getting the right surety bond to starting your own freight brokerage.
The freight industry is set to grow in the next few years. The American Trucking Association (ATA) says that the trucking industry alone made $796.7 billion in gross freight revenues in 2018. Additionally, 7.8 million employed people have jobs that relate to trucking activity.
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Developing a successful freight brokerage often depends on your connectedness in the industry. In order to improve business opportunities, many brokers turn to freight load boards. If you'd like to jump straight into our list of the top load boards, you can click here. Otherwise, continue reading …
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Trucking is a $790 billion industry. From JW Surety Bonds’ new infographic Bright future for American truckers and freight brokers offers a great digest of statistics from the trucking and freight brokerage industries. The general trend shows that indeed, there are solid reasons for truckers and …
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The past several months have been unpredictable and even stressful for many freight brokers due to the industry changes brought on by MAP-21 (specifically the $75K freight broker bond requirement increase). For a change of pace, we compiled a top 6 list of the blogs and resources to keep updated …
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MAP-21, the multi-faceted legislation that addresses highway funding and safety includes controversial provisions that will forever change the trucking industry in October.
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On November 15th 2023, the Federal Motor Carrier Safety Administration (FMCSA) approved the new rulemaking which was proposed earlier this year, which primarily affects freight brokers that have a BMC-85 trust. This new rule making becomes effective January 16th, 2024.
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