Becoming a freight broker requires no special education, but many brokers do recommend working as either a shipper or carrier to gain technical experience and business contacts. To become a freight broker, submit the necessary legal documents, gather the required office equipment and locate clients.Continue Reading
To get a Broker's Authority, fill out the Federal Motor Carrier Safety Administration's form OP-1, and file it along with the required fee. Next, fill out form BMC-84 or -85, and file it with a local bank or bonding company to get a Surety Bond or Trust Fund. The Federal Motor Carrier Safety Administration also requires the submission of form BOC-3, called the Processing Agent. Finally, the broker needs to file a Unified Carrier Registration.
The basic equipment for a freight broker is a computer with high-speed Internet access, a printer, a telephone and a fax machine. Specialized software is also necessary for accounting, customer information management and transportation.
Locate shippers and carriers through trade publications, Internet sources, networking events and word-of-mouth. Determining a niche market, such as geographical area or types of cargo, is helpful in attracting new customers. It can take three to six months to build up a customer database to see profits.