A federal court has denied a broker trade association’s motion to halt an increase in the surety bond from $10,000 to $75,000. A three-judge panel of the U.S. Court of Appeals for the 11th Circuit rejected the Association of Independent Property Brokers & Agents’ motion for a temporary stay of…
The number of brokers registered with FMCSA may be dropping — coming on the heels of the enforcement date of the increase in the minimum surety bond required for brokers to carry — but some of the numbers being tossed out don’t represent what’s actually happening, said Chris Burroughs, who’s…
Year-over-year, van rates were up 2.7 percent while spot rates have dropped for both flatbed (down 5.5 percent) and reefer (down 0.5 percent). Intermodal traffic in November totaled 1,007,549 containers and trailers, up 7.8 percent (73,004 units) compared with November 2012, the Association of American Railroads reports. The weekly average…
