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Nov 25

FMCSA Requests Broker Transaction Comments

On November 25, 2020 (85 FR 75280), the Federal Motor Carrier Safety Administration (FMCSA) published a petition for rulemaking in the federal register requesting public comments on the Transportation Intermediaries Association (TIA) petition concerning the rights of parties to a brokered transaction to review the records of the transaction and its request that FMCSA issue regulatory guidance concerning dispatch services. TIA argues that 49 CFR 371.3(c) is in direct conflict with the original intent of the Interstate Commerce Commission’s (ICC) to ensure that “all unnecessary restrictions which might impede the free operation of the marketplace” are removed. TIA believes transparency in broker transactions is provided through other means in today’s market place and that the regulatory guidance would ensure that interested parties can distinguish between a dispatch service and an authorized broker. Comments must be submitted by January 25, 2021.

Click on the link below to download the full version:

FMCSA 11-25-2020 comment on brokers 49CFR 371

 


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