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… Read more »
Surety Bonds Blog
BMC-85 trusts can be a nice stable solution for freight brokers that are financially strong enough to be capable of parting with $75,000. Putting up that kind of money is… Read more »
Since the enactment of MAP-21, there has been a lot of confusion on what options freight brokers have and the differences amongst them. The confusion stems from inaccurate information flooding the… Read more »
Freight brokers throughout the country are beginning to receive “Revocation of Authority” letters from the FMCSA. There is no need to panic, as this is all part of the process… Read more »
Until recent, the $75,000 surety bond required by Oct 1st was seen as a requirement that could put thousands of freight brokers out of business. While the bond market has softened, allowing anyone who wants a bond to qualify without collateral, a $75,000 bond premium can get costly. In this article we will identify how to avoid associated costs you may not be aware of and possibly offset your bond costs completely through other savings.
MAP-21, the multi-faceted legislation that addresses highway funding and safety includes controversial provisions that will forever change the trucking industry in October. While some language is subject to interpretation, it… Read more »