Since the changes in the freight broker bond requirements introduced by the MAP-21 legislation back in 2013, autumn has turned into the bond renewal season for the freight industry. In the next few months, about two thirds of the nearly 17,000 licensed freight brokers are expected to undergo the yearly surety bond renewal.
The new year is here, and bringing some important changes for the freight industry. The Federal Motor Carrier Safety Administration has been preparing to do away with various different registration numbers, in favor of a more simplified Unified Registration System (URS). The first stage of its implementation already began in December, and the second one is to be rolled out later this year.