New broker bond set at $75000 in the Transportation bill.

Discussion in 'Truckers News' started by SmokeyCowboy009, Jul 1, 2012.

  1. Jul 1, 2012 #1
    SmokeyCowboy009

    SmokeyCowboy009 Heavy Load Member

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    SmokeyCowboy009, Jul 1, 2012
    SmokeyCowboy009, Jul 1, 2012
    #1
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  3. Jul 1, 2012 #2
    airforcetoo

    airforcetoo Heavy Load Member

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    Finally some good news ... But how does that translate to we the company drivers?
     
    airforcetoo, Jul 1, 2012
    airforcetoo, Jul 1, 2012
    #2
  4. Jul 2, 2012 #3
    RizenPhoenix

    RizenPhoenix Road Train Member

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    It doesn't really because your company handles that part of the business. What it will do is make entry into the broker business harder. It could reduce the number of fly by nighters that screw O/O's. It could also have the affect of reducing competition. What it will do is make the bond high enough that if a broker suddenly goes rogue and stops paying more drivers will still get there money before the bond runs out.
     
    RizenPhoenix, Jul 2, 2012
    RizenPhoenix, Jul 2, 2012
    #3
    airforcetoo Thanks this.
  5. Jul 17, 2012 #4
    sfs001

    sfs001 Light Load Member

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    this is needed, and as broker I welcome it....
     
    sfs001, Jul 17, 2012
    sfs001, Jul 17, 2012
    #4
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