- Gain Industry Experience and Study. Your communication and people skills, naturally, are of critical importance, as a large part of your work will be done over the phone or email – both negotiating and closing deals.
- Sign Up for Freight Broker Training. The best option for freight broker training programs is to attend a freight broker school, as that will give you hands-on experience and knowledge from experienced brokers with many years in the field.
- Choose a Company Name and Register Your Business. In order to legally operate a brokerage, you will also have to choose a company name and register your business, as with most types of license and permit businesses.
- Develop a Business Plan. Your business plan includes a go-to-strategy and the more you invest in figuring out the specifics and researching the market, the better you will be prepared to meet its challenges.
- Find the Right Carriers. Find the carriers who work in the field of operations you’ve chosen for yourself.
- Apply for a USDOT Number and Get Your Broker Authority. Before you start operating in the field, you need to get a freight broker license from the Federal Motor Carrier Safety Administration (FMCSA).
- Get a Freight Broker Bond. As mentioned in the previous section, to get your MC authority from the FMCSA, you need to obtain a Freight Broker Bond, or a BMC-84 bond. The bond requirement was raised to $75,000 back in 2013 to ensure high industry standards and accountability.
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