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

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

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  2. airforcetoo

    airforcetoo Heavy Load Member

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    Oct 4, 2011
    Up in the air
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    Finally some good news ... But how does that translate to we the company drivers?
     
  3. RizenPhoenix

    RizenPhoenix Road Train Member

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    Oct 31, 2008
    Santa Cruz, CA
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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.
     
    airforcetoo Thanks this.
  4. sfs001

    sfs001 Light Load Member

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    Oct 16, 2009
    lakeshore of NE WIS
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    this is needed, and as broker I welcome it....
     
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