Federal fee hike puts thousands of freight brokers out of business

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By Alex Lennane

31/03/2014

This article claims that some 36% of independent freight brokers in the US have left the market since a new provision was slipped into the federal transportation bill last year. The provision increases the surety bonds that freight brokers and forwarders must pay, from $10,000 to $75,000 – a significant challenge for smaller businesses. The Association of Independent Property Brokers and Agents has filed a lawsuit, hoping for the provision to be blocked.

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Michael Kusuplos
March 31, 2014 at 3:42 pm
Very little is mentioned of the increased protection that this change affords to those that own the cargo and pay the bill.

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