From Transport Topics.
The Federal Motor Carrier Safety Administration has issued a final rule that continues to reduce commercial vehicle registration fees in 2020 and 2021, the agency announced Feb. 12.
FMCSA said it is reducing the 2020 annual registration fees collected by states for motor carriers, private motor carriers of property, brokers, freight forwarders and leasing companies by 14.45% below the 2018 registration level. The fees will remain at the same level for 2021 and subsequent years unless revised in the future.
Reduction of the 2019 registration year fees ranges from approximately $3 to $2,712 per entity, depending on the number of vehicles owned or operated by the affected entities.
The rates are graduated based on the number of trucks a carrier has in its fleet. For instance, carriers with up to two trucks paid $69 in 2018 and $62 in 2019, but will pay $59 in 2020.
For a carrier with a fleet of 1,001 or more trucks, the proposed fee would be $56,977 in 2020, down from $59,689 in 2019.
See the complete article from Transport Topics online.