FMCSA Seeks Comments on Broker Transparency Regarding Transaction Records

The Federal Motor Carrier Safety Administration (FMSCA) on Aug. 19 solicited public comments on rulemaking regarding broker transparency.

The request for comments follows petitions filed by the Owner-Operator Independent Drivers Association (OOIDA) and the Small Business in Transportation Coalition (SBTC) to amend certain records access requirements for property brokers.

Among other requests, OOIDA asked FMCSA to require brokers to automatically provide carriers with an electronic copy of transaction records within 48 hours of a load being completed.

FMCSA is asking for public comments on requiring that brokers disclose certain financial details about transactions to carriers and whether a regulatory action would solve the problem.

Comments can be submitted here through Oct. 19

This article comes from U.S. Department of Agriculture's Sept. 3, 2020 Grain Transportation Report.

Related Articles:

FMCSA Launches Online Database for Reporting Drug and Alcohol Violations

FMCSA to Provide Flexibility for Random Drug Testing

FMCSA Temporarily Waives Requirements for Pre-Employment Testing for Controlled Substances