08.04.2009
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| FMCSA clarifies ‘principal place of business’
FMCSA clarifies ‘principal place of business’
Quote:
The Federal Motor Carrier Safety Administration has emphasized that a motor carrier’s “principal place of business” – the location where it must maintain most compliance records and make them available to agency representatives in a compliance review – must be an actual place of business of the motor carrier that contains offices of the motor carrier's senior-most executive or manager overseeing safety and compliance. The regulatory guidance appears in the July 29 issue of the Federal Register.
Under Sec. 390.5 of the federal safety regulations, the principal place of business is a single location – usually the company’s headquarters – where a motor carrier must make various records available to special agents or authorized FMCSA representatives. The agency has issued revised regulations and guidance over the years to allow companies that operate multiple terminals or other locations to maintain certain driver and vehicle records at those locations. Still, the principal place of business has remained a single physical location where the company conducts business operations.
more here>> FMCSA clarifies ‘principal place of business’
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