Transportation broker: Ability to obtain $75,000 bond indicates trustworthiness

04/23/2014 | Bloomberg Businessweek

Observers hope that a provision of federal law requiring brokers to post a yearly $75,000 surety bond will help small trucking companies most affected by unscrupulous brokers to collect payment, according to this article. "There was an uproar from small brokers about it," said a Wisconsin trucking company owner. "But honestly, if you can't get a bank or bonding company to trust you for $75,000, why should anyone else trust you?"

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