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introduction to freight brokering

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The Freight Broker Training Program has been received extremely well from day one and John now devotes nearly 100% of his time to training.

Twin brother Jim will continue to provide research with various marketing and media applications like video, audio and other related duties.

FMCSA Freight Broker License

Becoming a freight broker no doubt opens the door to success. A great career can be crafted in the freight brokering business when a person acts as a liaison or middleman for the shipping of goods produced by one company with the transportation companies. In order to become a licensed “freight broker”, it becomes mandatory for the person to acquire the FMCSA freight broker license.

What is a Freight Broker?

Legally a property broker, a freight broker is an term that’s been established by the Federal Motor Carrier Safety Administration (FMCSA). This division of the United States Department of Transportation specifies licensed people or corporations letting a shipper and an certified motor carrier successful in cargo transportation.

As a freight broker also called “truck broker”, you can communicate and negotiate with manufacturers and the transporters of goods. However, the federal government requires a license if anyone wants to operate as a freight broker, obviously a multi-step process. So, you must get an operating authority through the Federal Motor Carrier Safety Administration utilizing the Unified Registration System.

You’re therefore required to complete a multi-step application process so as to receive the operating license through FMCSA.

Steps:

1. Register with FMCSA – The first step is to fill out the URS form in order to register with the FMCSA. A fee of $300 has to be paid with the application submission.

2. Receiving Motor Carrier Number – Once the application has been submitted, the FMCSA will be granting you a Motor Carrier (MC) number. This number plays a crucial role as you’ll be needing it to continue with the licensure process. Keep in mind that around 4-6 weeks are taken for processing your application and receiving the MC number.

3. Provide Proof of Insurance Coverage – As a freight broker, you should have suitable insurance. You have to fill either a BMC-84 or BMC-85 bond, using a Surety Bond or Trust Fund Agreement. Make sure that the coverage should amount to $75,000.

4. Assign a Process Agent – You have to assign a process agent for the state you plan to do business in. A process agent is someone representing your freight broker company. They can also receive court documents if any legal action arises. Well, you can designate yourself as a process agent having an option, and can fill a BOC-3 form for proof of a process agent.

5. Obtain FMCSA Freight Broker License – Once you have received your license of operating authority you can operate as a freight broker.

This is a win-win-win for everyone.

Atex Freight Broker Training, Inc.
7101 N. Mesa St. #219
El Paso, TX 79912
888-526-ATEX (2839)