Question 1

WHAT IS A FREIGHT BROKER AND WHAT DO THEY DO?

Accepted Answer

A freight broker is a middleman between shippers and carriers. Instead of taking possession of the freight, the broker facilitates communication between the shipper and the carrier. They’re the ones making sure the handoff goes smoothly between carriers and shippers, and that freight arrives safely, on time.

Question 2

WHAT IS THE DIFFERENCE BETWEEN A FREIGHT BROKER AND AGENT?

Accepted Answer

A broker is the owner of his or her own company. They are required to meet all legal requirements (Authority, Bond, BOC-3) to operate as a broker. An agent works under the authority of the broker and typically receives a percentage of the brokerage fee.

Question 3

DO I NEED TO TAKE A TRAINING TO BECOME A FREIGHT BROKER?

Accepted Answer

No, the FMCSA does not require you to take a training to acquire your authority to become a freight broker. There is NO TEST to obtain your authority.

Question 4

IF I DO NOT NEED TRAINING, HOW CAN I GET MY LICENSE/ AUTHORITY?"

Accepted Answer

You can apply straight through the FMCSA’s website.

Question 5

WHAT IS FMCSA?

Accepted Answer

Federal Motor Safety Administration

Question 6

HOW MUCH DOES IT COST TO APPLY FOR MY FREIGHT BROKER LICENSE/AUTHORITY?

Accepted Answer

The FMCSA charges $300.00 to apply for a registration with an operating status of a motor property carrier, motor passenger carrier, freight forwarder or freight broker. You will also need a Bond and BOC-3. Your start up is estimated to be around 5k. We go more in depth about this in our training.

Question 7

HOW MUCH ANNUAL INCOME CAN I MAKE AS A FREIGHT BROKER?

Accepted Answer

Earnings are determined on your motivation to succeed, and also how you adapt to the industry. A full-time freight broker can easily make from $40,000 to well over six figures. This is a recession proof business that provides unlimited income potential. Keep in mind everything you see and use at some point was transported on a truck.

Question 8

HOW SOON AFTER I GET MY LICENSE/AUTHORITY WILL I START MAKING REVENUE?

Accepted Answer

This business is based on contacts and relationships. Your ability to network will drive your business. Typically it can take three to six months of disciplined work to show a substantial profit. Sometimes it takes much less time, sometimes more, but once you begin securing the right customers, they normally have residual shipping, so the sale repeats itself over and over – and you don’t need hundreds of customers to make a great living in this field. Your level of success depends on many factors, such as your level of determination, your tenacity, and your genuine desire to help your customers succeed.

Question 9

IS IT EASY TO FIND THE SHIPPERS/CUSTOMERS?

Accepted Answer

In our course, we go into detail on this subject, we provide a database of shippers and show you many different tools for locating and developing your shippers, such as publications, reference sources, and Internet sources.

Question 10

WHAT DOES YOUR FREIGHT BROKER COURSE OFFER?

Accepted Answer

Everything you will need from start to finish! We provide step by step details on: Business Set-up Establishing Customer Contacts Customer Database Contracts and Forms Shipper and Carrier Development Rate Building and Negotiations Broker Software Factoring and much more…..   We provide you with all the Contracts and Forms needed to start your business. You will recieve a certificate of completion at the end of the course.

Question 11

HOW LONG IS YOUR FEIGHT BROKER COURSE?

Accepted Answer

Our Freight Broker course is a 2 day training. The classes generally held on a Saturday and Sunday and start at  9:00 am. est. To get the exact start time please check out our calendar. We also offer online and in- person training.

Question 12

WHY DO I SOMETIMES SEE DIFFERENT PRICE POINTS FOR YOUR TRAININGS?

Accepted Answer

We will from time to time offer special pricing for our trainings. It’s the same great course at a lower price!

Question 13

CAN I WORK FROM HOME AND DOES YOUR TRAINING APPLY TO MY STATE?

Accepted Answer

Yes and Yes, In fact, when starting your business it is recommended that you start from a home office to keep your expenses low while you grow and expand your business. You are welcome to actually work from any where, were you have a business setup (LAPTOP/COMPUTER).

Question 14

IS THERE ANOTHER WAY TO GET INTO THE INDUSTRY WITHOUT HAVING TO GET A BOND AND LICENSE?

Accepted Answer

Yes, you can become a Agent or Truck Dispatcher. Check out our Truck Dispatcher FAQ.

Question 15

WHAT IS A FREIGHT AGENT?

Accepted Answer

A freight agent is an independent contractor who helps connect shippers with carriers willing to haul the freight. A freight agent works for a freight broker, as a customer-facing salesperson of sorts who has to find available carriers to ship a customer/shipper's freight.

Question 16

WHAT IS TRUCK DISPATCHER?

Accepted Answer

Truck Dispatchers work for Owner Operators/Carriers. They help truckers with finding loads/freight and scheduling freight deliveries by arranging pickups of shipments and parcels. Their duties include scheduling truck drivers, relaying shipment details as arranged with Freight Brokers and Shippers, and setting up truckers' routes.

Question 17

WHAT WILL I LEARN IN YOUR TRUCK DISPATCHER COURSE?

Accepted Answer

-How to find available loads for the empty (or soon to be empty) trucks owned or leased to a trucking company. -How to negotiate load rates with freight brokers or agents. -How to review/sign carrier contracts, reviews/signs rate and/or load confirmations, and send your carrier packets to brokers or agents. -How to dispatch and track your carriers while building their route.   You will receive all the forms and contracts needed to start your business.

Question 18

HOW MUCH DOES A TRUCK DISPATCHER EARN A YEAR?

Accepted Answer

The median average for a dispatcher salary is $42,000 a year but varies depending on how much you charge for your services and how many trucks you are working for. On average each truck can generate $1000 in earnings per month. For a “single person operation” 3 to 5 trucks can be comfortably managed. Therefore, resulting in income of $3000 to $5000 per month.

Question 19

CAN I DISPATCH TRUCKS PART-TIME?

Accepted Answer

Yes, you will be able to generate some part time income. But it will be hard to develop a fully operational business on a part time schedule.

Question 20

HOW MUCH DOES IT COST TO START MY DISPATCHER COMPANY?

Accepted Answer

In most cases less than $500. Keep in mind as your company grows your operational cost will increase.

Question 21

WHAT ARE THE REQUIRMENTS TO START A TRUCK DISPATCHER COMPANY?

Accepted Answer

There are no licenses required, therefore there is no minimum requirements. We recommend taking training to help you navigate the industry and establish your business correctly.

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