Let’s settle down for a little story about Mark. Mark has researched several freight broker training options. He’s now made his decision on which school he will attend. He thinks it’s a no-brainer. The freight broker school he’s chosen is really inexpensive, they say they’ll teach him everything he needs to know, AND their price […]
The Negative Cash Flow Issue
The majority of the loads moved within the U.S. are done so with a promise to pay, which leads to negative cash flow. Anyone interested in becoming a freight broker should be asking themselves a few questions after reading that statement. A promise to pay..….who and when? When does the carrier get paid? When does […]
Freight Broker Bond or Trust Fund – Insurance for What?
The broker’s bond or trust fund is always a hot topic within the world of freight brokering. But, beware, there are often several misconceptions regarding whether or not it’s required, who’s required to have it, what kind of bond or trust fund is required, and what the insurance or trust actually covers. So, let’s try […]
FMCSA Makes Changes to Freight Broker & Carrier Licensing
Regardless of whether change is viewed as good or bad, the transportation industry continues to evolve. As of December 2015, yet another piece of MAP-21 legislation pushes the Federal Motor Carrier Administration (FMCSA) to embrace change. This latest alteration will require all individuals and entities wanting to become a freight broker or start their own […]
Training or Experience Requirement for Freight Broker License
One of the most popular questions we hear is whether or not training is required in order to become a freight broker. Until 2011, the answer to that question was, “No, it’s not legally required’. Then, along came MAP-21. Today, the short answer to the freight broker training requirement question is, “Not yet.” However, soon, […]
