How do i start brokering?

6wheeler · Jun 4, 2019

Dennis McConnell said: ↑

probably you need to have some sort of a broker package? any examples ?
Click to expand...

Have in your package that you can cut a check 30 days after BOL received.
You can also factor the BOL for payment to the carrier for a small fee.

Aamcotrans · Jun 4, 2019

Kings Head Trucking said: ↑

Hey man,

I got a lot of help from people starting up my brokerage, so I want to share the good karma around. I came into the trucking industry with a big ole goose egg in terms of experience. You will hear a lot of people say what you can and can't do, but it's honestly not rocket science so don't be discouraged.

The first thing I would do is go on the fmsca site and register yourself to get an authority to broker. The link is below

Registration

After you register as a new applicant you can tell them exactly what you want to do. In your case you will be doing applying for a freight brokerage which will require 3 things.

1) $300 fee to activate your authority
2) File your BOC-3
3) Get a $75,000 BMC-84 or BMC-85 bond/trust. (I would recommend the BMC-84 as many brokers recommended the same to me).

On a side note, if the application process gets hairy on the site. I would recommend using the online support at FMSCA. The link below is

Chat

They were very helpful whenever I had questions on getting started.

Once I got my authority and was legally able to run, I began a training course. I read many manuals, books, watched youtube videos, talked to truckers and brokers on how the trucking industry works. Even without experience, I learned a lot but it took many hours of work for me. You can get training manuals which explains the brokering process in great detail and was very helpful for me.

I would say your first steps should be to get your authority. Watch some youtube videos to get an idea of how brokering works. Then start reading, training, and most importantly find a broker who would be willing to take you under their wing. This is where you will learn the most. Some people prefer being a freight broker agent for a few months, but whatever is your cup of tea. Hope this helps and all the best to you sir.
Click to expand...

This ya most likely the most informative and concise response I’ve ever read on this site.

enfuego22 · Jun 9, 2019

Kings Head Trucking said: ↑

Hey man,

I got a lot of help from people starting up my brokerage, so I want to share the good karma around. I came into the trucking industry with a big ole goose egg in terms of experience. You will hear a lot of people say what you can and can't do, but it's honestly not rocket science so don't be discouraged.

The first thing I would do is go on the fmsca site and register yourself to get an authority to broker. The link is below

Registration

After you register as a new applicant you can tell them exactly what you want to do. In your case you will be doing applying for a freight brokerage which will require 3 things.

1) $300 fee to activate your authority
2) File your BOC-3
3) Get a $75,000 BMC-84 or BMC-85 bond/trust. (I would recommend the BMC-84 as many brokers recommended the same to me).

On a side note, if the application process gets hairy on the site. I would recommend using the online support at FMSCA. The link below is

Chat

They were very helpful whenever I had questions on getting started.

Once I got my authority and was legally able to run, I began a training course. I read many manuals, books, watched youtube videos, talked to truckers and brokers on how the trucking industry works. Even without experience, I learned a lot but it took many hours of work for me. You can get training manuals which explains the brokering process in great detail and was very helpful for me.

I would say your first steps should be to get your authority. Watch some youtube videos to get an idea of how brokering works. Then start reading, training, and most importantly find a broker who would be willing to take you under their wing. This is where you will learn the most. Some people prefer being a freight broker agent for a few months, but whatever is your cup of tea. Hope this helps and all the best to you sir.
Click to expand...

What books do you suggest that we read?

enfuego22 · Jun 14, 2019

On obtaining loads ..Would anyone suggest going to the company in person and trying to establish a relationship?

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