Monday, March 28, 2011

FMCSA lifts cargo insurance requirement for some truckers

"The federal government is no longer requiring that about 76,000 of the nation’s for-hire truckers carry cargo liability insurance.

Over the objections of shippers and transportation brokers, the Federal Motor Carrier Safety Administration (FMCSA) issued a rule effective March 21 that lifts the requirement for these for-hire motor common carriers that represent about 30 percent of the nation’s truckers."