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Small Business Size Standards; Arrangement of Transportation of Freight and Cargo

SBA · final-rule · Published 2000-08-09 · Effective 2000-09-08 · 65 FR 48601

Document

Document number
00-19018
Federal Register citation
65 FR 48601
CFR reference
13 CFR 121
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
2000-08-09
Effective date
2000-09-08

Abstract

The Small Business Administration (SBA) is establishing a size standard of $5.0 million in average annual receipts for the Arrangement of Transportation of Freight and Cargo industry (Standard Industrial Classification (SIC) code 4731). In addition, for brokers and agents in this industry such as Freight Forwarders and Customs Brokers, SBA is also changing the way average annual receipts are calculated for these firms to allow pass-through of funds held in trust for unaffiliated third parties. SBA is adopting two exceptions to this size standard. For Non-Vessel Owning Common Carriers and for Household Goods Forwarders (who sometimes classify themselves in SIC 4731), the current $18.5 million size standard will remain in effect. These revisions better define the size of business in this industry that SBA believes should be eligible for Federal small business assistance programs.

Source

Authoritative
Federal Register document
Machine
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