{"id":5494,"date":"2013-12-13T01:36:38","date_gmt":"2013-12-13T01:36:38","guid":{"rendered":"http:\/\/findfreightloads.com\/blog\/?p=5494"},"modified":"2013-12-13T01:36:38","modified_gmt":"2013-12-13T01:36:38","slug":"thousands-of-brokers-lose-authority","status":"publish","type":"post","link":"https:\/\/findfreightloads.com\/blog\/thousands-of-brokers-lose-authority\/","title":{"rendered":"Thousands of brokers lose Authority"},"content":{"rendered":"<p>The number of brokers registered with FMCSA may be dropping \u2014 coming on the heels of the enforcement date of the increase in the minimum surety bond required for <a href=\"http:\/\/freightbrokerscourse.com\/\">brokers <\/a>to carry \u2014 but some of the numbers being tossed out don\u2019t represent what\u2019s actually happening, said Chris Burroughs, who\u2019s with the government affairs staff of the Transportation Intermediaries Association, a broker trade group.<\/p>\n<p>Rather than a non-compliance issue, Burroughs said, the number of brokers losing their authority (more than 7,500 by noon Dec. 10) is also dropping because the Federal Motor <a href=\"http:\/\/truckerhunt.com\/\">Carrier <\/a>Safety Administration database was out of date, he said. \u201cWe feel like there were a lot of people out there who had active authority but weren\u2019t actively doing business and hadn\u2019t been for some time,\u201d he said. \u201cThe database had a lot of scrubbing to do.\u201d<\/p>\n<p>A,TI along with the American Trucking Associations and the Owner-Operator Independent <a href=\"http:\/\/cdlapps.com\/\">Drivers <\/a>Association, supported the increase, which was included in the MAP-21 highway funding act passed last year.<\/p>\n<p>The increase to $75,000, Burroughs said, was something TIA, OOIDA and ATA sat down to work out, finding a compromise that worked for all three groups.<\/p>\n<p>Even though the broker numbers are falling, he said, TIA \u201cabsolutely still support(s)\u201d the increase, and the impact to the brokerage industry and the trucking industry will be \u201cminimal, if nothing at all.\u201d<\/p>\n<p>Another broker trade group, the Association of Independent Property Brokers &#038; Agents, is fighting the increase in court, and its president, James Lamb, has said up to 75 percent of current brokers could be forced out of the business by the bond increase. The increase will have a particularly harsh impact on small brokers, Lamb said.<\/p>\n<p>Burroughs said 70 percent of TIA\u2019s membership is made up of brokers with less than $2 million in annual revenue, and the effect on TIA\u2019s membership has been minimal, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of brokers registered with FMCSA may be dropping \u2014 coming on the heels of the enforcement date of the increase in the minimum surety bond required for brokers to carry \u2014 but some of the numbers being tossed out don\u2019t represent what\u2019s actually happening, said Chris Burroughs, who\u2019s with the government affairs staff [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8,10,3],"tags":[],"_links":{"self":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/5494"}],"collection":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/comments?post=5494"}],"version-history":[{"count":3,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/5494\/revisions"}],"predecessor-version":[{"id":5497,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/posts\/5494\/revisions\/5497"}],"wp:attachment":[{"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/media?parent=5494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/categories?post=5494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/findfreightloads.com\/blog\/wp-json\/wp\/v2\/tags?post=5494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}