The rampant double brokering fraud currently plaguing our industry has also contributed to a heavy uptick of company identity theft of both motor carriers and freight brokers. The bad actors double brokering with intentions of fraud are figuring out that brand new MC numbers are being rejected or heavily vetted prior to onboarding. So, along […]
Freight Broker Training Archives
Accountability of Paid Carrier Qualification Tools
The motor carrier qualification process is something that deserves extra attention in our industry, especially considering the massive influx of double brokers. Given time, I believe tech-heavy tools using algorithms, machine learning, and predictive scoring will become the top carrier qualification options. User reporting by freight brokers is important, but it only gets us so […]
What is Double Brokering?
Over the last couple of years double brokering has become a very hot topic in the world of transportation logistics. Double brokering is not at all a new thing; it’s been around for decades. Legitimate freight brokers have been standing against double brokering activities for decades as well. The biggest difference now is the insane […]
Owner Operators and Trucking Companies Need Freight Broker Training
Owner operators and small to mid-size trucking companies should be interested in maximizing the profits of every load they haul. If you’re concerned about your profit margins as an owner operator or the owner of a small to mid-size trucking company, then you should be interested in learning how freight brokers operate. After reading that […]
Why Freight Agent Placement after Freight Broker Training is Important
Almost all of our prospective students attend our freight broker training with the ultimate goal of becoming a freight broker. For many of them, however, that goal is months or years down the road. This is why we have a number of students with plans to work as a freight agent before being a freight […]
Walk Away from Freight Broker Training a Licensed Freight Broker?
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, […]
