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BMC-84

BMC-84 Freight Broker Bond Guidance.

The FMCSA  has just today released the formal guidance for those property brokers (ICC), a/k/s freight brokers for coming in to registration and BMC-84 freight broker bond compliance with “MAP-21”.  The following was released by Anne Ferro, FMCSA Administrator. Companies… Continue Reading →

Understanding the BMC-84 Freight Broker Bond in 2013

Many freight forwarders and property brokers are having difficulty understanding the BMC-84 freight broker bond requirement.  The surety bond requirements were revised under the new highway reauthorization law (MAP-21). The BMC-84 surety bond amount has been increased from $10,000 to $75,000. The… Continue Reading →

Freight forwarder bond (property broker) BMC-84.

Enforcement of the new $75,000 threshold for freight forwarders and property brokers will be begin on October 1st, 2013.  Be prepared!  Apply for your freight forwarder bond (BMC-84 surety bond) or investigate how to increase of your current bond SOON!… Continue Reading →

BMC-84 Freight Broker Bond

A final surface transportation bill will be signed by President Obama this week, and will become law.  Among other mandates, the bill increases the minimum bond required of freight/transport brokers. The freight broker surety bond minimum will change from the… Continue Reading →

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