On the said date, the minimum amount for a surety bond—which is necessary for brokers to get their license—will increase from $10,000 to a staggering $75,000. According to the U.S. Department of Transportation, this amount would discourage fraudulent activities in the freight brokering industry.
Trucking freight brokers act as a liaison between the individual or business that needs shipping services and authorized motor carriers. They play an important role in determining the needs of the former and connecting them to truckers. Earning commissions for their work, they also keep the truckers' business going by providing them with customers that pay for the transportation service. However, to operate legally, they must first obtain a license from the Federal Motor Carrier Safety Administration (FMCSA).
The permitting specialists at Coast to Coast Services facilitate the MC number application of freight brokers. As a full-service licensing consultant company, they assist clients in the processing of permits required by various government agencies. These include MC Authority (ICC), State Authority, Broker Authority, US DOT number, Texas DOT, and Unified Carrier Registration (UCR). Moreover, they ensure that their clients also possess other required paperwork related to tax, insurance, and interstate travel. They accomplish this in partnership with agencies like TRICOR Insurance and the National Transportation Insurance Service.
The company is currently running a promotion to enable you to get your Broker Authority before the new trust fund goes into effect.
About Coast to Coast Services, LLC:
Coast to Coast Services is a family-owned, full-service licensing consultant company founded in 2001 by Randy and Beth Kingsbury. Dubbed “the authority on DOT Authority,” they process various transportation permits and filings, including MC Authority, State Authority, Broker Authority, US DOT number, UCR, 2290 Forms & Federal ID, and Title Work.