FMCSA Extends Comment Time on Property Broker Transparency Rules
Published Date: 2/18/2025
Proposed Rule
Summary
The Federal Motor Carrier Safety Administration is giving folks more time to share their thoughts on new rules about property broker deals. This affects small businesses and others in transportation who want clearer, fairer broker transactions. You’ve got until March 20, 2025, to speak up—so don’t miss your chance to help shape the rules and possibly save money down the road!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Automatic delivery of broker records
The rulemaking under review would require property brokers to provide an electronic copy of each transaction record automatically within 48 hours after the contractual service has been completed. This change is aimed at giving motor carriers quicker access to transaction records for review and verification.
Ban on contract waivers of record access
The proposal would prohibit brokers from including any contract provision that requires a motor carrier to waive its right to access the broker's record of the transaction. That means motor carriers could not be forced by contract to give up their legal right to review transaction records.
Prohibition on coercion and exemption clauses
The rulemaking would prohibit brokers from coercing or requiring parties to waive their right to review transaction records and would bar clauses that exempt brokers from complying with any transparency requirement. This targets both contract language and broker practices that remove carriers' access to records.
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Key Dates
Department and Agencies
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