Regulations for motor carriers, freight forwarders and brokers will be updated and the FMCSA is looking for your input on these amendments by February 26, 2015.
The Federal Motor Carrier Safety Administration (FMCSA) recently announced a new proposed rule affecting financial responsibility for motor carriers, freight forwarders and brokers. The full length proposed rule document can be found on the Federal Digital System at www.fdsys.gov.
The proposal includes these following changes:
- Increased minimum levels of financial responsibility for motor carriers including bodily injury, property damage
- Established financial responsibility for passenger carrier brokers
- Financial responsibility requirements for brokers and freight forwarders
- Revision to existing rules for self-insurance and trip insurance
FMCSA seeks your comments on the following issues:
- Whether to exercise its discretion to increase the minimum levels of financial responsibility and if so, to what new levels.
- Broker and freight forwarder financial responsibility levels (Section 32918 of MAP-21)
- Mexican motor carriers "trip insurance" 49 CFR 387.7(b)(3)
- Bond or insurance requirements on brokers for motor carriers for passengers 49 U.S.C. 13904(f)
- Evidence of an "adequate safety program" for motor carriers who maintain a self-insurance program 49 CFR 387.309 and 49 CFR 387.309(a)(3)
How to submit comments
- Comments will be accepted online, by fax, mail or hand delivered and should include your name, mailing address, email or phone number.
As regulations change it is important that you participate in the process. Hub International Transportation's bulletin FMCSA Proposes New Ruling and Seeks Public Comment provides the full detail on how you can let your voice be heard. The deadline is fast approaching on February 26, 2015.
Steven Bojan, is the Vice President - Fleet Risk Services, for the Risk Services Division HUB International. To reach Steven or a local HUB risk services expert click here.