Beneficial Ownership Information Report (BOIR)
https://boiefiling.fincen.gov/boir/html
Companies formed before January 1, 2024: The deadline to file a BOIR is December 31, 2024.
Companies formed between January 1, 2024 and December 31, 2024: The deadline to file a BOIR is 90 days after the company's formation date.
Companies formed after December 31, 2024: The deadline to file a BOIR is 30 days after the company's formation date
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Entities that do not file a BOIR may face fines of up to $500 per day for each day the report is not submitted. Additionally, criminal penalties may include fines of up to $10,000 and imprisonment for up to two years. ‼️
https://boiefiling.fincen.gov/boir/html
Companies formed before January 1, 2024: The deadline to file a BOIR is December 31, 2024.
Companies formed between January 1, 2024 and December 31, 2024: The deadline to file a BOIR is 90 days after the company's formation date.
Companies formed after December 31, 2024: The deadline to file a BOIR is 30 days after the company's formation date
______________________________________________________________
Entities that do not file a BOIR may face fines of up to $500 per day for each day the report is not submitted. Additionally, criminal penalties may include fines of up to $10,000 and imprisonment for up to two years. ‼️
GEICO offers a variety of insurance options for trucking companies and drivers, including:
Cargo insurance: Protects for-hire truckers from financial losses due to damage to property during transport, loading, and unloading.
Commercial auto liability coverage: Protects businesses from financial losses due to bodily injury or property damage caused by their vehicles.
Physical damage insurance: Protects trucks from damage caused by accidents or theft.
Trailer interchange insurance: Covers physical damage to trailers that are not owned but are in possession under a trailer interchange or equipment agreement.
Roadside assistance and downtime rental: Reduces downtime when the unexpected happens.
Telematics programs: Helps drivers improve their driving safety and potentially save on their insurance.
GEICO offers insurance for a variety of trucks, including:
Box trucks
Semi-trucks
Straight trucks
Tilt cabs
Refrigerated box trucks
Cargo cutaways
Sleeper box trucks
GEICO can help determine the coverage needed based on how vehicles are used in conducting business and who will be driving them. To speak with a GEICO professional about commercial auto insurance, call (866) 509-9444.
Cargo insurance: Protects for-hire truckers from financial losses due to damage to property during transport, loading, and unloading.
Commercial auto liability coverage: Protects businesses from financial losses due to bodily injury or property damage caused by their vehicles.
Physical damage insurance: Protects trucks from damage caused by accidents or theft.
Trailer interchange insurance: Covers physical damage to trailers that are not owned but are in possession under a trailer interchange or equipment agreement.
Roadside assistance and downtime rental: Reduces downtime when the unexpected happens.
Telematics programs: Helps drivers improve their driving safety and potentially save on their insurance.
GEICO offers insurance for a variety of trucks, including:
Box trucks
Semi-trucks
Straight trucks
Tilt cabs
Refrigerated box trucks
Cargo cutaways
Sleeper box trucks
GEICO can help determine the coverage needed based on how vehicles are used in conducting business and who will be driving them. To speak with a GEICO professional about commercial auto insurance, call (866) 509-9444.
WHAT IS SCAC?
The SCAC stands for Standard Carrier Alpha Code — a unique two-to-four-letter code used in the United States to identify transportation companies, especially in shipping, trucking, and freight logistics.
It’s primarily used by:
Carriers to identify themselves on shipping documents, bills of lading, and EDI (electronic data interchange) communications.
U.S. Customs and Border Protection (CBP) to track imports and exports.
Companies working with government freight or certain large shippers (many won’t work with a carrier that doesn’t have an SCAC).
How to Get an SCAC:
The SCAC is issued by the National Motor Freight Traffic Association (NMFTA) — not the DOT or FMCSA.
Here’s the process:
Go to NMFTA’s SCAC application page
https://nmfta.org → “SCAC Code” section.
Fill out the online application
You’ll need:
Company legal name & DBA (if applicable)
Business address
Type of business (motor carrier, freight forwarder, etc.)
Contact details
USDOT/MC number (if applicable)
Pay the fee
As of 2025, it’s around $95 USD for U.S.-based companies (varies by location & urgency).
It must be renewed annually.
Receive your SCAC
Typically issued within 1 business day after payment.
You’ll get an official confirmation letter from NMFTA.
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general info safety department
WHAT IS SCAC? The SCAC stands for Standard Carrier Alpha Code — a unique two-to-four-letter code used in the United States to identify transportation companies, especially in shipping, trucking, and freight logistics. It’s primarily used by: Carriers to…
Hauling freight only within a single state, without involvement in ports, customs, or major shippers, generally does not require an SCAC.
SCAC codes expire annually on June 30, no matter the original registration date.
Codes are assigned by NMFTA, though specific letters can be requested if they are available.
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Motus
is the new, centralized online registration portal launched by the Federal Motor Carrier Safety Administration (FMCSA) to modernize and secure the registration process for the U.S. trucking industry. It consolidates outdated legacy software—such as the Unified Registration System (URS) and the FMCSA Portal—into a single, mobile-friendly dashboard.
Key Purpose and Features
The system does not change existing federal laws or create new permits. Instead, it updates the underlying technology to streamline compliance and combat fraud.
Centralized Operations:
Manage USDOT applications, operating authority (MC/FF numbers), biennial updates (MCS-150), and cancellations from one account.
Fraud Prevention
: Mandates biometric and identity verification tools through Login.gov to stop bad actors and eliminate suspicious carrier records.
Real-Time Validation
: Includes built-in smart tools to check filings immediately, reducing common paperwork errors and processing delays.
Who Must Use Motus?
Every entity engaging in interstate commerce and regulated by the FMCSA will manage their records via Motus:Interstate motor carriers (truck and passenger companies)Freight brokers and freight forwardersSupporting companies (insurance providers, surety institutions, and BOC-3 process agents)