Jul 19, 2017 • Brokers

Freight Broker License

Freight Broker License

Learn how to get a freight broker license and move freight in a few easy steps.

Freight Broker License

The freight industry is continually expanding and having a freight broker license gives you the authority to earn money by moving truck freight without actually hauling it.

A freight broker license allows freight brokers the authority to move freight by connecting shippers with carriers, essentially brokering the deal. Freight brokers are hired by shippers who have freight that needs to be hauled from one location to another.

Let’s say there is a furniture warehouse in Texas that needs to ship its freight to department stores in Georgia. The warehouse representative is the shipper, who needs to find a carrier to haul the load. This is where the freight broker comes in.

With a freight broker license you are paid by the shipper to find a carrier to haul the load. You can use your broker authority to find qualified carriers on load boards like Truckloads by either posting information about your freight or by doing a truck search to find a potentially interested carrier.

Freight Broker License Cost

To get a freight broker license and have broker authority you must apply for a US DOT number with the Department of Transportation first. Once approved, use your DOT Number to get a Motor Carrier (MC) number and broker authority with the Federal Motor Carrier Safety Administration (FMCSA). This is approved through the completion of the OP-1 Form which includes a $300 application fee.

Broker Authority

Having broker authority isn’t the only requirement to become a freight broker. You will need to decide if you want to start a freight broker company or if you want to work for an established brokerage company.

Regardless of your choice, you should be sure to do ample research in order to better understand the nuances of the trucking industry and which options are best for you. We’ve provided a step-by-step guide to help you become a freight broker.

Guide to Become a Freight Broker

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Industry Update - January 17, 2020 <h4>By Paul DeCoste</h4> <h3></h3> <h3></h3> <h3><strong>Did you Know?</strong></h3> This week, the Senate passed a <a href="https://www.ttnews.com/articles/senate-passes-usmca-trade-deal">new trade deal with Canada and Mexico</a> that will boost current American exports to those countries by $33 billion. The official 89-10 Senate vote gave us a rare example of bipartisanship in modern politics. Since this deal expands the amount of agriculture and manufacturing that needs to be transported, it will end up being great for the trucking industry. On top of that, this deal introduces new ways to eliminate fraud and counterfeit goods, allowing the digital sector of the American economy to flourish. <h3></h3> <h3><strong>Trucking Tip of the Week</strong></h3> <a href="https://www.truckersnews.com/gear/roaster-makes-in-cab-cooking-taste-homemade/">Cooking on the road?</a> RoadPro’s new portable roaster makes it easy to cook delicious meals right in your cab. The roaster plugs into any 12-volt power outlet and can accommodate glass baking sheets or reusable aluminum baking pans. <h3></h3> <h3><strong>Startup Technology</strong></h3> <a href="https://www.freightwaves.com/news/toyota-invests-394-million-in-flying-taxi-startup-joby-aviation">This startup company is reinventing the way we think about commuting.</a> <h3></h3> <h3></h3> This week, Joby Aviation received a $394 million investment from Toyota. Joby Aviation is working to create a flying taxi that can hit top speeds of 200 mph and run off a battery charge for over 150 miles. In addition to the capital that Toyota has invested, Joby has raised a total of $720 million to make their transportation solution practical for the masses. Although most of the information about this VTOL aircraft is kept secret, pictures prove that it consists of six rotors and has five seats inside the cockpit. <h3></h3> <h3>Combating<strong> Human Trafficking</strong></h3> Susan Collins, along with 7 other members of Congress, <a href="https://www.ttnews.com/articles/susan-collins-7-other-lawmakers-recognized-combating-human-trafficking">was recognized for her legislative efforts</a> to reduce human trafficking throughout the nation. Over the past few years, Senator Collins has supported legislation that targets online forums that solicit human trafficking. She recently helped pass the “Runaway and Homeless Youth and Trafficking Prevention Act of 2019” legislation. <h3></h3> <h3>Tire Thieves Caught</h3> <a href="https://cdllife.com/2020/texas-couple-sentenced-for-semi-truck-tire-theft-conspiracy/">Joel Vargas, 34 and his wife, Angelica Vargas, 39</a>, were recently sentenced to 235 months and 60 months, respectively, in federal prison for robbing more than 100 tire stores over a 15-year period. They continuously targeted commercial tire businesses and stole numerous amounts of rental vehicles to carry out their jobs. They are part of a multiple-person conspiracy which ended with the convictions of five other individuals.

Jan 17, 2020 • Carriers

Motor Freight [h2] Motor Freight [/h2] [p] Motor freight carriers haul truckloads for freight brokers and are responsible for transporting over 70 percent of all freight moved in America! [/p] [h2] What is Motor Freight? [/h2] [p] Motor freight is a variety of <a href="https://truckerpath.com/blog/types-of-truck-freight/">truck freight</a> that can range from manufactured, commercial or residential materials that otherwise cannot be shipped by carriers such as UPS or FedEx delivery trucks due to the size, volume and other factors pertaining to the freight.[/p] [p] Just take a moment and look around the room you're in. You'll probably notice different types of furniture, electronics, and appliances - so where did they come from? Sure you bought them at the store but the things you buy are delivered by truck freight. [/p] [h2] Motor Freight Trucking [/h2] [p] When freight is ready to be picked up from the warehouse or distribution center and dropped off to the customer or store, motor freight trucking is needed. See <a href="https://truckerpath.com/blog/trucking-industry-trends/">truck drivers covered 450 billion miles</a> in 2016 traveling across the country and back (and back again and again) delivering the freight that is in demand by the consumers. Trucking is the lynchpin in supply chain logistics and chances are if you bought it, a trucker brought it. [/p] [p] Meanwhile, motor <a href="https://truckerpath.com/blog/what-is-a-freight-broker/">freight brokers</a> help facilitate the transporting of goods by connecting their shipper clients with motor carriers. Brokers will work with shippers to finalize a <a href="https://truckerpath.com/blog/truck-freight-quote/"> truck freight quote</a> and then the subsequent freight rate will be paid to the carrier after the truck freight is delivered. [/p] [h2] Truck Freight Carriers [/h2] [p] If you're a freight broker, you can find motor freight carriers on load boards like <strong>Truckloads</strong> free broker load board. Truckloads has unmatched technology, providing brokers with <strong>access to over 100,000 verified motor freight carriers</strong> who are qualified and ready to haul your freight. It's easy to post truck loads via CSV or TMS and you can keep tabs to see which carriers have viewed your load and how many times. [/p] [p] Truckloads also has unique features such as <strong>Truck Search</strong> which allows brokers to search for available trucks in a specific location. View a carrier's <em>Safer Watch Rating</em> to confirm if they are qualified and if you're interested, contact the freight carrier directly. Now you can move more truck freight than ever before! [/p] [button text="Find Motor Carriers Now" href="https://truckerpath.com/truckloads/broker-signup/?utm_source=blog&utm_medium=motorfreight_oct25" width="250px"] [video id="94nytqkGWRI"] [h2] Truck Freight Companies [/h2] [p] There are thousands of truck freight companies but they aren't all large carriers, in fact, <a href="https://truckerpath.com/blog/how-to-start-a-trucking-company/">90 percent of trucking companies</a> operate as small fleets with less than six trucks. These smaller fleets are typically representative of the types of carriers you'll find on Truckloads load board.[/p] [p] Some of the largest motor freight companies are the most well-known and you might recognize the names from their logos plastered on the side of the trailers rolling down highways across America and Canada.[/p] [p] The largest trucking companies are (in no order):[/p] [ul] [li] Saia [/li] [li]YRC[/li] [li]J.B. Hunt[/li] [li]Swift Transportation [/li] [li]Schneider[/li] [li]Werner[/li] [li]C.R. England [/li] [li]Old Dominion [/li] [li]Estes Express Lines[/li] [li]Prime [/li] [/ul]

Oct 25, 2017 • Brokers

Trucking Authority [p]Trucking authority allows owner-operators an opportunity to be their own boss and potentially maximize earnings by hauling freight.[/p] [h2] Trucking Authority [/h2] [p] Trucking authority also known as operating authority means the FMCSA will allow you to transport freight as a motor carrier. Let's say you've been a company driver for over a decade now or that you're a leased owner operator and want to start your own trucking company. Getting your trucking authority is the next step. [/p] [p]Essentially, you will be on your own to find and book loads giving you the freedom to search on load boards for truckloads that are the best fit for you. This allows you to set your own schedule, decide what type of loads you want to haul and what routes you want to take. [/p] [h2] Trucking Authority Requirements [/h2] [p]Trucking authority requirements are implemented by the FMCS trough the Unified Registration System (URS)for new applicants seeking trucking authority.To get trucking authority you will need to register through the <a href="https://portal.fmcsa.dot.gov/UrsRegistrationWizard/">Unified Registration System</a> first. [/p] [p]It will take about 20-25 business days to process according to the FMCSA (unless subject to further review by the agency, in which case it could take an additional eight weeks). [/p] [h2] Types of Trucking Authority [/h2] [p] The different types of authority will affect the type of insurance a carrier will need to meet the requirements of the FMCSA. [/p] [ul] [li] Motor Carrier of Property - requires proof of public liability and cargo insurance [/li] [li] Motor Carrier of Household Goods - doesn't require cargo insurance [/li] [/ul] [p] Regardless of the type of authority, you will need to complete this <a href="https://cms.fmcsa.dot.gov/sites/fmcsa.dot.gov/files/docs/op-1-instructions.pdf">OP-1 form</a> to file for trucking authority. [/p] [h2] Trucking Authority Requires Insurance [/h2] [p] In order to get your authority the FMCSA requires you to provide proof of insurance that you have liability coverage. Your insurance agency will need to submit form BMC-91 which covers public liability in case of an accident causing injury or property damage.[/p] [p]Remember DO NOT submit your proof of insurance directly to the FMCSA. The FMCSA requires that your insurance company submit the form and insurance certificate on your behalf.[/p] [h2]Trucking Authority Cost [/h2] [p]The tucking authority cost is a $300 filing fee that is associated with registering for the FMCSA URS. [/p] [p]Before you start booking loads to haul, there are additional costs and fees. When you're ready, explore our detailed guide that is sure to help you <a href="https://truckerpath.com/blog/how-to-start-a-trucking-company/">start your own trucking company</a>.[/p] [button-green href="https://truckerpath.com/blog/how-to-start-a-trucking-company/?utm_source=blog&utm_medium=authorityJuly27" width="250px"]How to Start a Trucking Company[/button-green]

Jul 27, 2017 • Carriers