Freight Broker regulations

Freight broker regulations require brokers to obtain a license from the Federal Motor Carrier Safety Administration (FMCSA), maintain a surety bond or trust of at least $75,000, and keep detailed records of transactions. They must operate transparently, ensure the carriers they work with are properly insured and qualified, and follow federal laws related to fair business practices and consumer protection. These rules aim to promote safety, accountability, and fairness in the transportation industry by verifying brokers’ financial stability and compliance before they can facilitate freight shipping between shippers and carriers.