The Federal Motor Carrier Safety Administration (FMCSA) has reopened the comment period for a proposed rule published on November 20, 2024, concerning property broker transactions. This decision came after a request from the Small Business in Transportation Coalition, allowing stakeholders more time to submit feedback until March 20, 2025. The proposal addresses transparency in brokered freight transactions, requiring brokers to send electronic transaction records to parties within 48 hours and preventing them from making waivers a condition. The reopened comment period provides an additional opportunity for interested parties to express their opinions and suggestions on these proposed changes.
Simple Explanation
FMCSA, a government agency, wants people's thoughts on new rules to make sure everyone knows what’s happening when trucks move goods; they’ve decided to give people more time to share their opinions. They want brokers to be open and quick about sharing info about their deals but are still thinking about how this will all work out.