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WHAT IS A FREIGHT BROKER? WHAT DO THEY DO? HOW CAN YOU BECOME ONE?
A freight broker, also known as a “property” broker or a “truck” broker, is a third party intermediary between shippers and carriers. Brokers find shippers that have cargo to move; they then find carriers that are ready, willing and able to move that cargo.
Lastly, the freight broker derives a commission for his or her match-making skills.
Working as a freight broker (or broker agent) provides a perfect home-based opportunity. Your start-up and overhead expenses are very low. And the profit potential is unlimited.
To become a freight broker, one must apply to the Federal Motor Carrier Safety Administration (FMCSA) to obtain their broker authority. There are no exams and there are no background checks.
The broker authority consists of three items:
A Motor Carrier number,
Evidence of a $75K surety bond or trust fund,
BOC-3 or Process Permit,