Bipartisan Infrastructure Law wants new FMSCA definition of “freight broker”

BrokerageNuts & BoltsRegulations
Written By Jennifer Joslyn

🚛 The Federal Motor Carrier Safety Administration defines a “freight broker” one way, but the Infrastructure Investment and Jobs Act is not a fan of that definition.

The legislation passed in late 2021 more commonly known as the Bipartisan Infrastructure Law demands that the FMCSA redefine brokers by Nov. 15, 2022. As it stands today, the FMCSA currently defines a broker as “a person or an entity which arranges for the transportation of property by a motor carrier for compensation. A broker does not transport the property and does not assume responsibility for the property.” So… what could this mean for the future of brokers?

Read more from Trucking Info ▶

You also might like...
Flexport Re-Launches The Convoy Platform
Flexport Re-Launches The Convoy Platform

Flexport has launched The Convoy Platform, a technology solution aimed at providing small carriers with access to freight while offering real-time competitive rates, shipment visibility, and on-time performance to shippers and brokers.

Read More →
UPS Explores Strategic Alternatives for Coyote Logistics Amid Market Challenges
UPS Explores Strategic Alternatives for Coyote Logistics Amid Market Challenges

United Parcel Service (UPS) is exploring options, including a potential sale, for its brokerage unit, Coyote Logistics.

Read More →
Supreme Court Declines to Review Broker Liability Case
Supreme Court Declines to Review Broker Liability Case

The U.S. Supreme Court has declined to review a case involving broker liability for accidents involving trucks booked by third-party logistics providers (3PL’s).

Read More →
Freight Brokers Optimistic About Future Growth Despite Current Weakness
Freight Brokers Optimistic About Future Growth Despite Current Weakness

Despite current challenges in the trucking and transportation markets, a survey by Truckstop and Bloomberg Intelligence indicates that more than 60% of freight brokers and logistics professionals expect demand for their services to grow over the next six months.

Read More →
Trucking Advocates Warn of Double Brokering Schemes as Fraud Cases Soar, DAT Blocks Thousands of Accounts
Trucking Advocates Warn of Double Brokering Schemes as Fraud Cases Soar, DAT Blocks Thousands of Accounts

Trucking advocates are raising concerns about double brokering schemes, where carriers accept a load but then secretly broker it to another carrier without the shipper's knowledge.

Read More →
Freight Fraud and Double Brokering Pose Significant Threats to Supply Chain Integrity
Freight Fraud and Double Brokering Pose Significant Threats to Supply Chain Integrity

Each year, the freight transportation industry suffers losses ranging from $500 million to $1 billion due to freight fraud, double brokering, and shipment diversion.

Read More →
Potential Brokerage Fraud Exceeds $800 Million
Potential Brokerage Fraud Exceeds $800 Million

Currently, the estimated losses from brokerage fraud are exceeding $800 million, affecting brokers, carriers, shippers, and consumers.

Read More →
U.S. Customs & Border Protection has issued new rules
U.S. Customs & Border Protection has issued new rules

The “Modernization of Customs Broker Regulations under 87 FR 63267” and the “Elimination of Customs Broker District Permit Fee under 87 FR 63262” are the latest files to be published on the Federal Register by the U.S. Customs & Border Protection.

Read More →
Dispatchers vs brokers: is reform needed?
Dispatchers vs brokers: is reform needed?

The Federal Motor Carrier Safety Administration posed 13 specific questions related to brokers, and 92 separate organizations answered.

Read More →
Supreme Court allows broker CH Robinson to take the fall for carrier-caused damages
Supreme Court allows broker CH Robinson to take the fall for carrier-caused damages

The US Supreme Court has made controversial stances on Roe v. Wade and regarding California’s AB5 law, but a lesser known judgement sets a precedent for logistics liability.

Read More →
Bipartisan Infrastructure Law wants new FMSCA definition of “freight broker”
Bipartisan Infrastructure Law wants new FMSCA definition of “freight broker”

The Federal Motor Carrier Safety Administration defines a “freight broker” one way, but the Infrastructure Investment and Jobs Act is not a fan of that definition.

Read More →
An “ownership mentality” is provided by a private fleet
An “ownership mentality” is provided by a private fleet

Private fleet owners often offer something so many large companies can’t to their customers: an ownership mentality.

Read More →
Keeping a barrier between carrier & broker operations is pertinent
Keeping a barrier between carrier & broker operations is pertinent

There are many challenges to be faced when creating a piece of transportation logistics business.

Read More →
Freight broker bonds protect the carrier & the shipper
Freight broker bonds protect the carrier & the shipper

Hauling large quantities of freight over long distances does not come without its risk.

Read More →
Securing trucks for long hauls becoming more of an everyday challenge
Securing trucks for long hauls becoming more of an everyday challenge

Shippers are having major difficulties securing the truck capacity needed to move their goods.

Read More →
Convoy freight platform offers solution to owner-ops negotiations tactics
Convoy freight platform offers solution to owner-ops negotiations tactics

Convoy, a digital brokerage system, particularly appeals to owner-operators.

Read More →
Jennifer Joslyn
Previous

Ukraine seaports littered with mines might not be in operation for a long time
Next

Maintenance and efficiency go hand-in-hand