What are Department of Defense Performance Bonds?
Department of Defense (DoD) bonds must be held by all freight carriers responsible for hauling military freight. The SDDC (Surface Deployment and Distribution Command) is the military branch that is in charge of them. Depending on how many states a company serves, the bond amount will vary.
DoD Performance Bonds: What do they guarantee?
Dedicated to ensuring the delivery of military freight, they ensure carrier performance and fulfillment. In addition to abandoned shipments and bankruptcy, the bond covers instances in which a carrier cannot or will not deliver military freight that they've been contracted to move. Damage to the cargo or late pickup from the shipper are not covered by the bond.https://swiftbonds.com/performance-bond/department-of-defense-performance-bond/