Thursday, June 17, 2010

Freight Brokers it time to clean up new law S3483

Looks like it has become time to clean up the freight Broker industry in my opinion this is well pass due


OOIDA worked closely with the senators to develop this important legislation. OOIDA believes that if passed S3483 will go a long way toward clearing bad brokers out of the trucking industry and ensuring that truckers have significantly better footing when dealing with brokers and other transportation intermediaries.

Click here to view S3483.

In short, the legislation:

Increases the broker bond from $10,000 to $100,000 and expands that bond requirement to freight forwarders. Also, it requires the Federal Motor Carrier Safety Administration (FMCSA) to immediately suspend the operating authority for any freight broker or freight forwarder whose bond coverage falls below $100,000.
Increases requirements and disclosures for any person or company seeking to obtain broker or freight forwarder authority as well as makes information about entities seeking operating authority available on-line for public review.
Establishes significant penalties for violations of broker regulations including unlimited liability for freight charges for conducting brokerage activities without a license or bond.
Establishes strict guidelines on companies who provide brokers with surety bonds and how they administer those bonds.
Clarifies that trucking companies must have a broker’s or freight forwarder’s license and an appropriate bond in addition to their motor carrier operating authority to arrange freight for another carrier for compensation.
If you support S3483, we ask that you contact BOTH of your U.S. senators. Please call to ask that they commit to supporting the bill by signing on as cosponsors to S3483. Simply put, the more senators that co-sponsor a bill, the more likely that bill is to move forward in the legislative process.

To contact your two senators, call the U.S. Capitol switchboard at (202) 224-3121, provide the operator with your home ZIP code. The operator will connect you with the offices of your senators.

You are also welcome to call OOIDA at 800-444-5791. Association staff will be happy to help put you in touch with your senators in Washington.

Remember, taking a few minutes out of your day to make a few phone calls to your elected representatives can make a major difference in how those individuals understand and view issues affecting you and your livelihood.

If you have questions, please do not hesitate to call the Association at 800-444-5791.

TOGETHER WE CAN MAKE OUR VOICES HEARD.
TOGETHER WE CAN MAKE CAPITOL HILL TAKE NOTICE.
TOGETHER WE CAN MAKE LIFE BETTER FOR TRUCKERS THROUGHOUT AMERICA.


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