🎣 $1B Warning Shot
Plus: TIA pushes back on broker transparency, FMCSA scraps speed limiter proposal, and federal agents seize 156 pounds of fentanyl, all this and more in today’s newsletter.
TIA warns that a proposed rate transparency rule would hurt small brokers, raise consumer prices, and jeopardize competitive freight markets.
TIA is voicing strong opposition to a proposal that would mandate freight brokers and shippers to disclose pricing and contract details—a move the group warns could have far-reaching economic consequences.
On July 22, TIA President and CEO Chris Burroughs issued a statement via email sharply criticizing the proposal, calling it a “weaponized 1980s-era regulation” that undermines both competitive business practices and the viability of small logistics companies.
“If this can happen to freight brokers today, who’s next? Will General Motors be forced to disclose what it pays for steel?” — Chris Burroughs, TIA
“This isn’t about protecting truckers—it’s about handing private business information to competitors under the guise of transparency.” — Chris Burroughs, TIA
According to coverage from The Journal of Commerce, the transparency debate has been simmering since the post-pandemic rate volatility drew more scrutiny to broker margins. OOIDA and some independent drivers have accused brokers of exploiting information asymmetries.
But TIA insists the solution lies not in forced disclosure, but in targeted action against fraud and more balanced oversight that doesn’t penalize legitimate players in the logistics sector.
“Congress and regulators should focus on real solutions to freight fraud—not misguided policies that punish legitimate players.” — TIA Statement
TIA has called on Congress and federal regulators to reject the proposal and reaffirm support for market-based freight negotiations. As debate continues in Washington, the group is positioning itself as the defender of small logistics firms and warning that the fallout could extend well beyond trucking.
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