broker

Business

Brokers’ Margins Decline as Competition Increases

Freight brokers’ truckload profit margins are under growing pressure, which is helping trucking fleets gain some pricing power, industry officials said.

October 21, 2013
Government, Business

Judge Allows Lawsuit Challenging Broker Bond Level to Proceed

A federal magistrate granted a request Oct. 17 by the Association of Independent Property Brokers and Agents to lift a stay in the group’s lawsuit against the U.S. Department of Transportation.

Jonathan S. Reiskin | Associate News Editor
October 17, 2013
Government, Business

AIPBA Seeks to Resume Lawsuit on Broker Bond

The Association of Independent Property Brokers and Agents asked a federal district court Oct. 15 to remove its stay on the group’s lawsuit against the Federal Motor Carrier Safety Administration.

Jonathan S. Reiskin | Associate News Editor
October 15, 2013
Government, Business

FMCSA Provides Brokers Extra Time to File Increased Bond Paperwork

The Federal Motor Carrier Safety Administration said it will provide additional time for freight brokers to supply proof they’ve increased their minimum surety bonds to $75,000 from $10,000.

Michele Fuetsch | Staff Reporter
September 5, 2013
Business

Insurance Broker Hub International to Be Acquired in $4.4 Billion Deal

Hellman & Friedman LLC has agreed to buy Hub International Inc. in a transaction that values the insurance broker at about $4.4 billion, Bloomberg News reported.

August 6, 2013
Business

AIPBA Files Federal Suit Against FMCSA to Stop Hike in Broker Bonds to $75,000

The Association of Independent Property Brokers & Agents has filed a federal lawsuit claiming a requirement to increase broker bonds to $75,000 from $10,000 violates the Fifth Amendment right to due process.

July 22, 2013
Perspective, Business

Opinion: It’s Not Too Late to Fight the Broker Bond

In today’s America, money wins out over sound judgment, and politics are used by powerful lobbies to secure laws and regulations favorable to them and their interests.   Take, for example, the $75,000 property broker bond, commonly referred to as the “freight broker” bond.

May 20, 2013
Perspective, Business

Opinion: The Risks of ‘Rebrokering’

Carriers that seek the ability to “rebroker” freight without separate broker authority and bond will keep the door open to marketplace fraud and nonpayment. Worse still, the practice will expose carriers to the ever-increasing risk of liability for accidents they did not cause.

May 13, 2013
Business

Freight Broker Creates Online Tool to Automate Load, Cost, Capacity

The founders of freight brokerage Partage LLC said they have launched an automated, Web-based brokerage service that allows shippers to enter their load information, get a final rate on the spot and book capacity without speaking to a broker.

April 11, 2013
Business

Groups Seek Changes to MAP-21 Regulations That Affect Brokers’ Bonding Requirements

Several organizations said they are pushing to repeal or modify parts of last year’s highway funding law that set new registration and bonding requirements for freight brokers and forwarders.

April 8, 2013

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