Trucking companies and contractors are required to have a Department of Transportation (DOT) number affixed to the sides of their trucks. Trucks must have these numbers before they can begin transporting materials, and any new company or carrier has to apply for one before it can send vehicles out on the road.
Every two years, or biennially, the information associated with this number must be updated. That’s done by filing an MCS-150. This form gives the government the most current information on your fleet and your company. It ensures that the data available is current and accurate.
The Importance of an Accurate MCS-150
The MCS-150 functions as an update to your DOT number. It’s essential that trucking companies fill out their MCS-150 forms correctly to ensure the Federal Motor Carrier Safety Administration has the right information to tally safety scores based on its compliance, safety, accountability measurement system.
If you do not turn in the right information, this can negatively impact your score. Every company or carrier should file biennially. You should also file a new MCS-150 if you:
- Add new trucks to your fleet
- Change the name of your business
- Make any other major changes to your business
What Happens If You Don’t Update Your MCS-150?
If you fail to update your MCS-150 in a timely and accurate fashion, you face a fine of up to $1,000 per day. Your DOT number may also be deactivated, which could cause disaster for your company, possibly shutting down operations.
FMCSA Biennial Update and Registration Renewal Assistance From US Compliance Services
You must have your updated MCS-150 filed by the final day of the month it expires, which depends on your DOT number. You can also look up your DOT number to see what year you need to renew.
Are you wondering how to file your MCS-150? Are you worried about getting the form completed correctly and turned in on time? We can help. As a busy manager or owner, you don’t have the time to worry about filling out these forms and you can easily lose track when something like a two-year deadline has passed. Allow US Compliance Services to track these things for you.
We will get your forms finished correctly, and on time so you will not face fines or suspension of your DOT number. We have the experience and knowledge to answer any questions you may have about the forms and what you need to complete them, too. Take this time-consuming task off your plate by contacting our experts for more information.