Transport Brokers Now Required To Be Bonded Up To 75K

auto transport

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.

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Published by

michael

Michael began working in the Car Shipping Industry back in 2002, starting as a Salesperson for AAA Discount Auto & Truck Transporters in Los Angeles, CA. In 2008, he opened his own office under the name "Honesty First Auto Transport" where he pioneered the movement within the Auto Transport industry of not charging the customer a deposit up front. Many car shipping companies followed his lead and no longer require a deposit up front. In 2011, in an effort to further improve the customer experience for anyone shipping a car to another state, he changed the name of his company to Safe-Direct Car Shipping and created the auto shipping industry's ONLY Damage Free Guarantee. His hope is that other Auto Transporters will, once again, follow his lead and create similar safeguards for their customers (and he'll be happy to re-emerge once again in a few years with the next great improvement). He is also proud to announce that Safe-Direct Car Shipping has become the #1 company on Transport Reviews over the past 2 years.