Summary of FMCSA Proposed Rule on Broker/Freight Forwarder Financial Responsibility And Evidence of Security On File With FMCSA – The BMC-84 and BMC-85

By:      Gerald D. Borovick The Federal Motor Carrier Safety Administration has proposed changes to the financial responsibility requirements for brokers, freight forwarders and their sureties in In Matter Broker and Freight Forwarder Financial Responsibility, Dock. No. FMCSA-2016-0102 (Notice of proposed rulemaking), 88 Federal Register 830 (January 5, 2023). The proposed rule on broker/freight forwarder … Read more