Fruit ships and trucks steer clear of Del Monte bankruptcy
News that Del Monte Foods yesterday filed Chapter 11 bankruptcy proceedings should not concern fruit ...
PLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIESBA: FLYING HIGHUPS: NEVER CHEAP ENOUGHAAPL: 'DEPTH'AAPL: KEY EXEC CHANGEAMZN: HAPPY DAYS FOR THE GROOM
PLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIESBA: FLYING HIGHUPS: NEVER CHEAP ENOUGHAAPL: 'DEPTH'AAPL: KEY EXEC CHANGEAMZN: HAPPY DAYS FOR THE GROOM
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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Comment on this article
Michael Kusuplos
March 31, 2014 at 3:42 pmVery little is mentioned of the increased protection that this change affords to those that own the cargo and pay the bill.