Plaintiffs: Freight broker was not "effectively secured"

05/29/2013 |

Two trucking businesses that claim they weren't paid for transporting loads for a California freight broker have joined with the Owner-Operator Independent Drivers Association to file a class-action lawsuit against the firm that held the broker's trust funds. The suit claims that the firm failed to inform the truckers that the freight broker wasn't "effectively secured." To meet Federal Motor Carrier Safety Administration requirements, brokers must provide a surety bond or trust agreement for $10,000 in security. The security requirement is set to rise to $75,000 later in 2013, according to this article.

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