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 →
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 →
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 →
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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