Hi, I was wanting to get into the trucking industry by dispatching or doing freight brokering. I have all the equipment and resources needed to setup a company and possibly hire employees to help, I just need to know where to get started. I heard that getting into brokering you have to have a bond? And up to like 75k? I was thinking dispatching, then I could just find them a load, confirm it, and send them on their way. I know it's not that simple, but I get the gist of it. My friend drives OTR and tells me a lot about it and maybe I could dispatch for him, and make our own little company. Any help would be nice. Thanks!
Getting into Truck Dispatching or brokering
Discussion in 'Freight Broker Forum' started by wesley98morgan, Sep 16, 2018.
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Becoming a freight broker is very costly although you don't have to have 75k in hand. You can get bonded by putting up money every year to keep your bond that particular amount depends on your credit and example amount is $7200 per year. That was my quote when I was looking into that very same possibility. everyone will be different though. The other really tough part is finding customers. alot of meeting and cold calling have to be very good in sales. their are some shortcuts like hiring agents with existing book of business the downside is when they leave they take their customers with them. and other downside is you will be paying them like 50% since they are working under your authority but its their customers. If you bring customers to the table and they book a load for one of your customers then it would only be like 25% cut or whatever yall agree on. Needless to say its quite an undertaking.
For dispatching its till alot more to it then just getting loads. You will have to obtain a limited power of attorney between you and the carrier. This will allow you to speak on the carriers behalf and sign paperwork. You will be negotiating with brokers for load rates. filling out carrier packets invoicing the brokers and or customers. all you need is computer with internet, Fax, invoicing software, Adobe Professional, Phone. Slunds easy enough but drivers can be very demanding. brokers can also be hard to work with. however the drivers are paying you not just to get them loads and do their paperwork for them but you are being paid to make them money so offering cheap freight is not an option. anyone can use the load board. Problem with load board freight is most the good paying freight never hits the load board. thats where years in this business come in at. its all in who you know. I have several brokers I can call to get freight in certain areas that pay really well and their freight never goes to the load board.
So neither option is good for a first timer in the industry. You need experience and really know what your doing to pull this off. . And I can promise you it wont take a driver long to see you don't know what you are doing.Midwest Trucker Thanks this. -
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trying to hijack this relevant thread with unrelevant post -
PPDCT Thanks this.
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