This bill to raise the price of a brokers bond is a huge threat to all Carriers, leased Owner Operators, and Independent Owner Operators who use Brokers to load their trucks. Over the last 27 years that I've been in this business what I've seen is it's the larger brokerages who offer the lowest paying freight. The only thing keeping them from offering less is competition from small brokerages. The reason Small brokerages can pay higher rates is with a smaller business there's less overhead. There's no doubt in my mind that if you push the small Brokers out by raising the price of the bond every small trucking operation will be doomed. The entire trucking industry could even collapse?
Is there really a big problem with Carriers being ripped off by Brokers? I don't think there's a problem at all, I think there's something else behind getting this bill passed. If there is a problem why haven't I been ripped off in the 27 years I've been hauling freight? The reason is, I check the credit on every Broker before I book a load with them. If Carriers are being ripped off , a simple solution would be to educate Carriers a little. Just about every load board offers credit checking for as little as $35.00 a month. Just a little over a penny a day. I've used Load Boardcredit checking services for several years now and they have never let me down.
OOIDA is suppose to be a friend to Independent Owner Operators. Wake up OOIDA Members, your membership money is being used to pass a bill that'll have you working for less then you already do!
Don't be fooled by my email address, I've been a Independent Owner Operator for many years. I just happen to have Brokers license also. The little bit of freight I broker out is put on friends who are Independent Owner operators also.