Increased Freight Broker Bond Forcing Brokers out of Business

Members of BulkLoadsNow.com express their views on the cost and affects of the new bond in an online forum.

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Nixa, MO (PRWEB) December 26, 2013

BulkLoadsNow.com, a leading load board for the dry and liquid bulk freight industry, recently had a forum started on the additional costs of the new freight broker bond. http://www.bulkloadsnow.com/Forum/forum_details.cfm?forum_id=12183&title=broker-bond&includemenu=NO. The most popular opinion from participants of the forum is that this bond will hurt smaller brokerage companies and still not punish the companies it was intended to target.

“I do think many brokers will eventually get their bond reinstated,” said Jared Flinn, Operating Partner and BulkLoadsNow.com. “Many trucking companies acquired broker bonds early on to create a logistics business in addition to trucking and I’m sure many of them are evaluating whether it’s justifiable to continue with the bond.”

Several media sources estimate over 35% of brokers have had their bond revoked due to not adhering to the new law http://www.overdriveonline.com/35-of-brokers-now-shut-down-due-to-lack-of-compliance-with-bond-increase-broker-group-head-says/ The total number of freight brokers exceeds 21,000. http://www.businessrecord.com/Content/Transportation/Transportation/Article/Higher-bond-requirement-forces-freight-brokers-out-of-business/175/837/61316

Current and relevant topics, like this one, affecting the dry and liquid bulk industry are discussed daily on BulkLoadsNow.com forums. Membership is free and anyone can participate. Get in on the discussion at http://www.bulkloadsnow.com/Forum/.

About BulkLoadsNow.com
BulkLoadsNow.com is an online community of professionals in North American’s bulk freight industry. Our shipper members are transportation logistics managers of grain, fertilizer, aggregates, feed ingredients and all agriculture commodities. Our carrier members pull hopper bottoms, walking floors, end dump trailers, belt trailers, live floors, pneumatic and liquid tankers. We provide to our members the industry’s most innovative bulk freight solutions including an enhanced load board, database of all carriers in North America, instant communication tools, industry forums and news updates, and much more.


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