Freight Bonds

The Federal Motor Carrier Safety Administration (FMCSA) requires transportation brokers to obtain freight bonds in order for them to operate legally. This bond is sometimes referred to as the Interstate Commerce Commission (ICC) bond- used to be regulated by ICC- or BMC-84.

A freight broker is simply the middle person or the intermediary between a shipper (party who needs to move or transport the items) and an authorized motor carrier (party who has motor vehicles to ship the items). Although a freight broker will never have to take possession of the items to be shipped, it plays an important role in the shipping process. Most freight brokers utilize their technology and human resources on top of their knowledge in the shipping industry to coordinate the tranportation process for the shipper as well as the carrier.

Please contact Market Financial Group at +1 888 459 3301

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