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Federal Motor Carrier Safety Administration. The Federal Motor Carrier Safety Administration ( FMCSA) is an agency in the United States Department of Transportation that regulates the trucking industry in the United States. The primary mission of the FMCSA is to reduce crashes, injuries, and fatalities involving large trucks and buses.
Principal: the freight broker / auto transport broker. Obligee: the party requiring the bond (FMCSA) Surety: the surety company. A freight broker bond is also known as a BMC-84 surety bond, trucking surety bond, transportation broker surety bond, or property broker bond. FMCSA uses the term "property broker" instead of freight broker.
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The National Motor Freight Classification ( NMFC) is a North American voluntary standard that provides a comparison of commodities moving in interstate, intrastate and international commerce via freight shipment. The standard is developed and maintained by the Freight Classification Development Council (FCDC) and published by the National Motor ...
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The deregulation of the trucking industry began with the Motor Carrier Act of 1980, which was signed into law by President Carter on July 1, 1980. Studies of the legislative process leading up to passage of the MCA indicate that the Act resulted from a concert of action by the Carter Administration, Congressional leaders, including Senator Ted ...
A freight broker is an intermediary between a shipper and a freight service provider. Freight brokers can specialize in certain types of freight, such as equipment hauling on lowboys, oversize, bulk tanker, auto, or other types of freight transportation . A freight broker in the United States must be licensed by the Federal Motor Carrier Safety ...
Motor carrier may refer to: Motor carrier (designation), a company which employs large semi-truck and bus drivers; Motor Carrier, an English automobile produced in 1904; See also. Federal Motor Carrier Safety Administration, an agency of the United States Department of Transportation; Motor Carrier Act (disambiguation)
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