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After nearly twenty years and two legislative acts, the Federal Motor Carrier Safety Administration has published its final rule to establish a Unified Registration System for truck drivers in the United States. The URS, which will be fully up and running in October 2015, is designed to replace four systems and consolidate 16 forms into one central network.
The first policy covered by URS will be the already-mandated biennial carrier updates. According to the FMCSA:
Beginning Nov. 1, the agency will issue a cautionary letter 30 days before a biennial update deadline. If the company ignores the warning, the FMCSA will begin deactivating its U.S. DOT number and will consider imposing civil penalties.
Truck drivers will be required to register and update their information through the URS, including private owner-operators and exempt for-hire carriers. The FMCSA will have a greater ability to find these small companies and serve papers if necessary. Truck drivers without regular Internet access will need to find public Internet access or use a third party processor to comply.
Because of the stricter enforcement regarding carrier updates, it is more crucial than ever for small truck carriers and owner-operators to have the technology or administrative support to maintain current records. Truck factoring can provide the necessary cash on hand to make sure you always have the access you need to comply with FMCSA regulations, whether you need on-the-go Web access or someone to handle your back-office needs so you can focus on delivering your hauls.
Truck factoring also provides a number of other benefits for your company, regardless of size. Let us connect you to a quality factor and improve your cash flow before your next load. Call 855-EZ-FACTOR (855-322-8671)and get a free truck factoring quote today.
