Shanahan Transportation Systems meets new MAP-21 bonding requirement effective October 1, 2013
On July 6, 2012 the President signed legislation that requires all brokers and forwarders to increase their bond amount from $10,000 to $75,000 by October 1, 2013. Regardless of the type of business, all companies who broker loads, either as a broker, forwarder, or carrier they must comply with this requirement. There are no exceptions or grace periods. Shanahan Transportation Systems is fully compliant with this new legislation, and encourages all shippers and carriers to verify who they do business with by visiting the FMCSA web portal, http://li-public.fmcsa.dot.gov/ or other services to verify the bonding requirement has been met.