FMCSA Asks for Comments on Possible Increase to Forwarder Bonding Requirements
The Federal Motor Carrier Safety Administration is asking for comments on the implementation of “financial responsibility” requirements for freight forwarders (here). FMCSA first implemented the bonding and trust fund requirements in October 2013 under the direction of the Moving Ahead for Progress in the 21st Century Act (MAP-21). The agency now says it is considering another rulemaking on the subject that may increase minimum financial responsibility requirements. Comments on FMCSA’s advance notice of proposed rulemaking are due Feb. 26.
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(Federal Register 11/28/14)