DEFINITIONS AND INSURANCE REQUIREMENTS FOR ICC/FHWA
A person or entity that arranges for the truck transportation of cargo belonging to others, utilizing authorized for-hire carriers to provide the actual truck transportation.
The broker does not assume responsibility for the cargo and usually does not take possession of the cargo.
A broker must have process agents on file and a
surety bond or trust fund in the amount of $10,000. Click here for more information on broker bonds.