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New surety bond requirements for brokers, freight forwarders in effect

Written by Steve Gursten Posted October 9th, 2013

Requirements pursuant to the MAP-21 Act mandate an increase from $10,000 to $75,000 – the first increase in over 30 years

The Federal Motor Carrier Safety Administration (FMCSA) set new surety bond requirements for brokers and freight forwarders as of Oct. 1, 2013. However, as will be discussed, there is a 60-day grace period that … Read More