WHAT IS A FREIGHT BROKER? WHAT DO THEY DO? HOW CAN YOU BECOME ONE?
A freight broker, also known as a "property" broker, is a third party intermediary between shippers and carriers.
Brokers find shippers who have cargo to move; they then find carriers who are ready, willing and able to move that
cargo. Lastly, the freight broker derives a commission for their match-making skills.
Working as a freight broker (or broker agent) provides a perfect home-based opportunity. Your start-up and
overhead expenses are very low. And the profit potential is unlimited.
To become a freight broker, one must apply to the Federal Motor Carrier Safety Administration (FMCSA) to obtain their
broker authority. There are no exams and there are no background checks.
The broker authority consists of three items:
- A Motor Carrier number,
- Evidence of a $10K surety bond or trust fund,
- BOC-3 or Process Permit,
More recently, the FMCSA also requires a UCR registration. This is easy and inexpensive to get.
In addition to the legal authority, a broker needs to know, or get properly trained in more than just
the details of how to broker freight. They need to learn ALL the aspects of running a business including
marketing, cash management, planning, operations and perhaps personnel.
After getting properly trained, finding good paying customers and reliable carriers are the FIRST items of importance
in freight brokering.
Customer development is like any other service-oriented business. There are various traditional shipper directories plus
the broker uses whatever marketing skills he or she possess. The Internet and telephone are the primary tools to conduct
business with.
This, in a nutshell, is what a freight broker is, what they do and how to become one.
To learn more about the freight broker industry, order this 3-pak audio CD set. Go to:
3-Pak Audio CDs
If you are ready to sign up now, go to:
Freight Broker Training with Unlimited Support
Atex Freight Broker Training, Inc.
7101 N. Mesa St. #219
El Paso, TX 79912
888-526-ATEX (2839)
info at atexfreightbrokertraining.com
www.atexfreightbrokertraining.com
|