I'm starting a brokerage. :)

Discussion in 'Experienced Truckers' Advice' started by phroziac, Feb 28, 2010.

  1. phroziac

    phroziac Road Train Member

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    Jun 16, 2009
    Gary, IN
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    I wanted to a while back when i needed a job. But i couldnt even come close to paying for an authority...

    But now i have money. I'll have to save some up, but I think i can do it and make it work out. I'm actually going to attempt this.

    I figured it cant really hurt. I'm going to start out part time from in my truck until i have a couple of customers on both sides and see its actually going to *work*. I figured at the worst it'll be several thousand dollars wasted. Money can be replaced..


    I'll post my progress here. I just started looking for quotes on the 10,000 surety bond. I know thats going to be the biggest problem.
     
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  3. GasHauler

    GasHauler Master FMCSA Interpreter

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    That's all is required for a bond is $10,000? Man a gasoline tanker takes a minimum of a million and most require 2. Maybe that's why you hardly ever see O/O hauling gasoline.
     
  4. phroziac

    phroziac Road Train Member

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    Jun 16, 2009
    Gary, IN
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    Yes, but I don't think you understand what the bond is for. You're thinking about insurance, and thats for the carrier to supply, not the broker. It's just a surety bond to ensure that the broker actually pays the carrier. Even then, it's totally worthless. If I was starting a scam operation, that'd cover two loads! (coast to coast expediting at 2500 miles per load $2 per mile...)

    I also know of an owner operator that hauls gasoline. Delivers to 5 or 6 BP stations in the town i live in. Only o/o gas hauler i've ever ever seen.

    But i dont think brokers have anything to do with gas hauling anyway.
     
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