Indeed, the barrier to entry for establishing a brokerage is much lower than fielding even a single truck let alone a fleet of them. Mostly, it involves completing regulatory paperwork and securing a surety bond. Whether calleda broker, logistics provider, or a transportation intermediary, these ...
To get a freight broker license in California and start a business, you’ll first need to satisfy theFederal Motor Carrier Safety Administration’s requirements for working in the field. This means getting a surety bond that insures your work and obtaining a USDOT number. There are specialized...
If you are less experienced with cross-border freight shipping, and your customer on the other side of the border already has a customs broker set up and handles these shipments frequently, it's often a good idea to let them be the importer of record. This is common practice. Even if yo...
The Phony Repair Shop Scam. In this creative scam, the fraudster poses as a repair shop performing service on your truck or trailer. The scammer provides a vehicle number, license plate number and the driver’s name as they demand immediate payment before releasing the equipment. This scheme ...
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Once you get your GED and you decide you want a career in freight brokerage, the next step is to apply to join a freight brokerage training school. Why Should You Do This? It is not a legal requirement to attend a training school to become a freight agent. However, it is recommended ...
Start a real estate business. Are you a brokerage catering to retirees? Are you selling vacation homes? Are you an expert in short sales? With real estate firms in widespread competition, make yourself the go-to business in your niche. Start a retail business. Are you selling novelty toys?
Alternative lenders.These are lenders that specialize in one or two types of loans, for example,merchant cash advances,invoice factoring and financing, andsemi-truck loans and leasing. Because they’re specialized, you can often get more personalized service for your specific industry. ...
In the logistics industry, you are constantly managing different teams in order to get the job done. This can be difficult, as you need to make sure that everyone is on the same page and working together efficiently. There are a few things that you can do in order to overcome this chall...
There are several steps a fleet can take to reduce transponder abuse – a driver using a company transponder for personal use. Bestpass, for example, offers transponders that are mounted on the roof of the truck or its license plate, making it much more difficult for a driver to move the...