In July 2012, the Federal Motor Carrier Safety Administration (FMCSA) announced new regulations after the President signed into law the Moving Ahead for Progress Act-21. The new law included a series of changes to the old FMCSA programs, which amended the guidelines for transport brokers and freight forwarders who are bound by the FMCSA rules.
Beginning October 1, 2013, all FMCSA regulated brokers and freight forwarders must obtain and file with FMCSA a surety bond or trust fund agreement in the amount of $75,000. The new guidelines are meant to increase consumer protections in the event of damage during car transport.
These statutory provisions took effect on October 1, 2013, and all brokerage firms dealing with transportation are bound by this new regulation. Here is a link to the new regulation
Aware of the need for increased consumer confidence and protection, Ship A Car Direct had already been in full compliance well before this new regulation was signed into law.
Ship A Car Direct is taking an active role in keeping the auto transport industry safe, trustworthy, and reliable. The result is more customer protections, satisfaction, and a better overall reputation for that car shipping industry.
When you are looking for a car shipping company, choose Ship A Car Direct – Home of the industries only Damage Free Guarantee.