The Fighting Fraud in Transportation Act of 2011 proposes to raise the amount of the surety bond from $10,000 to $100,000 with the reasoning being that the increase would combat against fraudulent freight broker business.
Our special guest, Dan Metully of Transport Watch and co-owner of TFI Logistics, Inc., believes it will put more good brokers than bad, out of business.
Also joining the conversation is James Lamb, President of the Association of Independent Property Brokers & Agents and Richard Wilson, regulatory expert with Trans Products & Trans Services.
Good or bad idea? We'll debate it.