URGENT UPDATE! Will NEW FMCSA Ruling Put Freight Brokers Out of Business? [Fact vs Fiction]

2023-11-30

In this Freight Broker Boot Camp episode, I share with you an URGENT UPDATE about the NEW FMCSA RULING that might put freight brokers and freight agents out of business! I discuss one by one the facts vs. fiction in and around the new rulings and how you can be prepared and protect your freight broker business. So jot down some notes and enjoy! Timestamps: [00:00] Introduction [00:21] What is the FMCSA's goal in making this new ruling? [01:19] FMCSA's New Ruling Part 1 [02:40] FMCSA's New Ruling Part 2...

Timestamps:

[00:00] Introduction

[00:21] What is the FMCSA's goal in making this new ruling?

[01:19] FMCSA's New Ruling Part 1

[02:40] FMCSA's New Ruling Part 2

[03:54] FMCSA's New Ruling Part 3

[04:43] Great News! Part 4 and 5 ruling does not have a huge impact on Freight Brokers

[05:03] The reason why you should not be worried about this new ruling if you are paying carriers on time and resolving any issues that come

[05:25] Proven record of why this will not put brokers out of business

[06:00] My take on Government intervention on private business sector

[06:25] I suggest that if you are a broker that holds payments to carriers then you might want to consider this

[07:19] I talk about despite all this new ruling, you still have a lot of time to make adjustments due to their enforcement dates