FMCSA Wants to Make Sure Brokers Pay What They Owe
Broker fraud – with double brokering schemes and brokers failing to pay money owed – is happening entirely too frequently. The schemes have many names – “hit it and move on” and “take the money and run” are a couple of the most colorful ones – but they end the same way. A carrier, typically a small carrier, hauls a load and doesn’t get paid the funds owed. As we have reported here before, the Federal Motor Carrier Safety Administration has been working to make sure that the bad brokers don’t get away with these practices.
Now FMCSA has finalized the proposed rule that we have described in the October Regulatory Roundup called Proposed FMCSA Regulations. In a nutshell, FMSCA will have the power to quickly (within seven days) shut down a broker whose bond falls below the required $75,000. This can happen when a bond pays out on the broker’s bond. Today the process takes a minimum of 30 days to accomplish.
Other provisions in the final rule include modifying the rules regarding “assets readily available,” requirements that sureties must notify FMCSA if they know of brokers experiencing financial difficulties, and removing loan and financing companies from those allowed to be trustees. You can read the final rule. Had a bad experience with a broker not paying you what they owe? Share it with us at contact@safecarriers.org.
In March, ICSA’s executive director Shawn Nelson was privileged to attend the annual conference for the Truckload Carriers Association (TCA). Truckload 2026 was packed with information that ICSA is committed to bringing back to its members.
Safety is a priority not just because it prevents accidents; it also helps make a carrier profitable. Every smart decision behind the wheel can save lives and reduces costs.
The Federal Motor Carrier Safety Administration issued a Final Rule, effective March 16, 2026, on non-domiciled commercial driver’s licenses – CDLs held by foreign-domiciled truck drivers operating in the U.S.