Freight glossary / Compliance and authority
What is Broker bond in freight?
A broker bond is the surety a freight broker must file with the FMCSA to hold authority, and it exists so carriers have recourse if the broker fails to pay them. The required amount is set by federal regulation and the filing is public. Claims against a bond are a visible sign that a broker is not paying its carriers.
Related terms
Most freight software watches your business. FreightScout wins freight and then runs it.