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Transport Brokers Now Required To Be Bonded Up To 75K

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Home  |  Car Shipping   |   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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Frequently Asked Questions

Answers to Your Car Moving Questions

The hardest thing for people researching car moving companies to understand is that the prices they are getting are not hard and fast gaurantees, but rather ESTIMATES of what one company thinks it will take to get a vehicle moved promptly versus another company's opinion of what it will take. Don't be fooled, there are not carriers committed to take your vehicle at these quoted prices, the company you choose will still have to get to work getting a carrier to commit to move it at the price they quote you.

Your total price breaks down into two parts, the broker's fee (or 'deposit' as everyone calls it) and the carriers fee (your COD amount) Make no mistake about this, EVERYONE YOU ARE GETTING SALES CALLS FROM IS GOING TO BROKER YOUR MOVE. In this industry, there are brokers who try to fool you into thinking that they are the actual carriers and there are an equal amount of carriers who sell themselves on the fact that they have a truck or two but are not being honest about the fact that they broker out 90% of the orders they book. Here is a quick easy way to tell, if a company takes an up front fee, whether they call it a deposit or any other name, they are a broker. Carriers do not take any payment until the vehicle is delivered.

In our opinion, you are crazy to do so. Have you ever been paid up front for the work that you perform for your employer? Why would you pay a fee up front when there are reliable and trustworthy companies like ours that won't ask for it until we provide you with your carriers details?

The average transit time from pick up to delivery on any vehicle going coast to coast will be between one and two weeks. From there you can figure your transit time based on how far your vehicle is traveling, i.e. from either coast to the Midwest might average 3-7 days.

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