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Becoming a broker for trucking is easy. How to become a freight broker? Read more here.
what is a freight broker
Apply for your Department of Transportation number
Apply in advance for your Department of Transportation number. You’re going to need it on a lot of other applications, so it will speed things up if you get it ahead of time.
Fill your Application for Motor Property Carrier and Broker Authority
You’ll need to fill out the OP-1 Application for Motor Property Carrier and Broker Authority, to receive your MC number or FF number. There is a $300 filing fee that must be submitted, along with your application. You can file in one of three ways:
Obtain a surety bond and proof of its registration
You need to be properly insured before you are in business. Freight brokers are trusted by both shippers and carriers — so you must be properly insured. This protects you and your customers.
You need a process agent
Within 90 days of receiving your MC or FF number, you will be required to designate a process agent for any state in which you will do business.
And you are set to go once you receive your license
You will then receive your License of Operating Authority. This means that you can begin doing business as a freight broker. Welcome to the world of Logistics.
Want to learn more about being a freight broker? Give us a call.
Homepage: https://www.invoicefactoring.com/factoring-blog/how-to-earn-a-freight-broker-authority/
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