No broker authority?

Discussion in 'Freight Broker Forum' started by 6wheeler, Jan 14, 2016.

  1. 6wheeler

    6wheeler Road Train Member

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    OK, so on this company that has a total of 3 people running it, is operating as a "trading" company.
    How can they get away with not having broker authority? There doing the same thing as a broker. Is this legal?
     
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  3. Flipflops

    Flipflops Heavy Load Member

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  4. 6wheeler

    6wheeler Road Train Member

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    Premier Metal Trading
     
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  5. stayinback

    stayinback Road Train Member

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    Its pretty simple...Check their Credit, If none exisits...Either Run away -Or 50% Wire transfer to your business account- (Don't play the Com-chek game) And the Balance in 30.
     
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  6. Flipflops

    Flipflops Heavy Load Member

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    I'll check it tomorrow or later if I get a chance and see what I can at least assume based on digging up on them
     
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  7. Flipflops

    Flipflops Heavy Load Member

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    I think they're a customer. For example you have a farm of grapes. I'll buy your grapes at a wholesale, and find customers that will buy by pallets, then have a truck will haul it t C&S or some warehouse and local guys will distribute the pallets or whatever.
    Only difference is that this company seems to be buying metals, and finding customers to sell it for, and obviously they need trucks to haul it. They would be your "direct" customer. Now how good of a credit they have as a business, I am not sure.
     
  8. 6wheeler

    6wheeler Road Train Member

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    Freight forward, brokers still need a license and a bond on file in arranging the transport of commercial regulated products for a profit. Which they do not have.

    This isn't a company as in a warehouse, manufacturing business. They are a middleman sale of metal products.
     
  9. Flipflops

    Flipflops Heavy Load Member

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    Ok take Melon 1 for an example. They buy all the watermelons from all the farmers through out southeast. Even few other norther and midwestern places. Melon1 is the shipper, but all these farms are where you pick loads up. Melon 1 gives these loads to anyone and everyone that can take care of them. They don't have a bond or any off that. That's the same way it looks like this metal place works.
     
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