Brokers bond being canceled, should I file before cancellation?

Discussion in 'Ask An Owner Operator' started by RunningAces, Sep 3, 2025.

  1. RunningAces

    RunningAces Road Train Member

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    A broker I hauled a load for is having their bond canceled in about two weeks. My net 30 for the load I hauled for them is in 6 days. On 31 Ill file on their bond for non payment. Can you go after the receiver for payment if the bond is exhausted before I receive payment?
     
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  3. xsetra

    xsetra Road Train Member

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    See if the broker offers quick pay. Is it possible the broker has another bond to replace the expiring one?
    If broker doesn't pay, I would call shipper and receiver. They might be able to help get your payment.
    Good luck.
     
  4. gekko1323

    gekko1323 Road Train Member

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    ABSOLUTELY. I went after Amazon a couple of years ago because their broker went on the lam after stealing over $150,000 in freight charges. The bond only paid out about 50%, so I went after Amazon for the rest. The Bill of Lading Act gives trucking companies the ability to go after ANYONE that benefited from your services if you didn't get paid.
     
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  5. Ridgeline

    Ridgeline Road Train Member

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    While this is true, it is complicated and has a set of rules to follow. It also needs to follow the Interstate Commerce Commission Termination Act rules to collect.

    Last year, we had to collect from a consignee for an unpaid bill; it wasn't all that easy, but we did get our money plus legal fees and interest. The company that received the product was also included; they were not the consignee of the loads.
     
  6. Deere hunter

    Deere hunter Road Train Member

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    Definitely go after the company that hired the broker.I've been paid probably three out of five times.
     
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  7. Midwest Trucker

    Midwest Trucker Road Train Member

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    They maybe just hadn't renewed yet or it’s not showing.
     
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  8. RunningAces

    RunningAces Road Train Member

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    The brokers bond expires on a Friday and just moved my expected pay date to the following Monday. They are still brokering loads on truckstop, too.
     
    Last edited: Sep 5, 2025
  9. xsetra

    xsetra Road Train Member

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    I would contact the bond company to establish a claim. There is an application process that may take a couple or few days.
    You provide the supporting documents; they verify with the broker.

    Who is the broker? System update shouldn't change your pay date. 30 days is 30 days.
    Good luck.
     
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  10. 86scotty

    86scotty Road Train Member

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    Yep, very curious who the broker is. Please share!
     
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  11. RunningAces

    RunningAces Road Train Member

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    Montgomery Logistics Inc
     
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