Salem, Oregon FREIGHT BROKER BONDS
Call Us for Fast Service and The Best Freight Broker BMC-84 and ICC Surety Bond Rates
A property or freight broker is among of a number of of companies accredited by the Federal Motor Carrier Safety Administration (FMCSA). A “broker” is a transport intermediary that specializes in pairing a client (“shipper”) that needs to move property or persons and a “carrier” that is able to move property or persons.
As with all regulated activities, there are requirements for participating in the sector.
FREIGHT BROKER APPLICATION REQUIREMENTS
Brokers registering for the first time are required to complete an online applicant for broker authority and be issued an “MC” number by the FMCSA.
After registration, the FMCSA will require:
- For brokers of property: A surety bond (Form BMC-84) in the amount of $75,000.
- For brokers of household goods: A surety bond (Form BMC-84) in the sum of $75,000.
- Form BOC-3, designation of the process agent for the applicant firm.
- $300 application fee.
- White Lion can give you efficient service and the lowest rates on Salem, Oregon Freight Broker Surety Bonds.