$75,000 Surety Bond Now a Requirement for Canadian carriers Acting as Brokers for US-Hauled Freight
The US Federal Motor Carrier Safety Administration Counsel (FMCSA) has confirmed that carriers who act solely as freight brokers between Canada and the US and within the US are required to obtain and file a surety bond or trust fund agreement with the FMCSA in the amount of US$75,000.
Furthermore, with the FMSCA expecting to require each registered entity to have its own USDOT number in the future, an entity could have both broker and motor carrier authority under that one USDOT number. Motor carriers and brokers that are separate entities would each have a separate USDOT number.
Tia Chisholm, HUB International TRANSPORTATION
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