Reddit freight brokering A sub broker I worked with got 70% of the commission we earned on the business he brought in. Rail fans, train buffs and hobbyist are more than welcome to ask questions and participate in discussion. They find a truck for $1000. I was hoping I could be on the other end of the phone from a broker and/or do more analyzing trucking markets and report to the company etc. It’s double brokering so definitely frowned upon but I know a lot of people who do it when they don’t have a lot of customers of their own yet. As long as the freight is staying EU, it’s not a horrid hassle to go by truck, but there tends to be a lot of paperwork in general since unlike the US freight frequently transverse a multiple countries (with multiple languages involves). 22K subscribers in the FreightBrokers community. For instance, 123 Freight Brokerage, may be a legit freight broker, but posting loads way less than they should be, but offering quickpay. All depends on the size of the brokerage, W2 or 1099, market, how old the brokerage is…lots of different factors. 14916(c)). In 2023 what cost would you put on starting a small let’s say one man operation on finding customers, setting up MCs and all the FMCSA stuff, insurance, getting set up to do business, and brokering your first load. To be clear, unless you find a very specific customer or set of customers who have very specific pick up and delivery dates that match your schedule (even then it’s almost impossible) freight brokering IS NOT in any way a part time gig. Page 1 of 81 1 You’ll learn all the BS that comes along brokering really quick. I’m expected to find steady good paying loads for our asset side (100 trucks). I think brokers in other industries (stock, mortgage, insurance, and especially healthcare) are scam artists that just skim off the top to take their percentage, acting as "middlemen" while navigating areas that the layman could probably navigate themselves with a little bit of education and I left brokerage this year after just short of 4 years. Double broker requests POD immediately upon delivery. 1. Members Online Mass email we received today from a random email about double booking loads. I’m my customers number 1 broker cuz I’m working on their loads bright and early and into the afternoon, 5 days a week. I was thinking of brokering freight as I already have a direct customer as a carrier. Good service and sometimes great rates, Saia. Either one would be essentially the same skill set as if you were managing brokers. I now work at a decking manufacturer and we do bougie, outdoor deck areas and my customers pay their own freight. Right after broker A gave them the load, they turned around and started looking for carriers to run it. This sub has been really insightful, but I have some questions as a complete newbie with some customer service experience. Our aim is to support carriers and truckers by sharing information and experiences related to payment practices of various brokers. Been in freight business over 40 years. Broker B finds Carrier 2 and books the load with them. Being CTG you have base pays from $35k-$70k and commissions from 5% up to %60. Welcome to world's largest Growth Hacking Reddit Community. That's like double brokering in freight. I've watched a couple broker videos on YouTube saying that most brokers haul loads for these two companies. In my experience the brokers margin is at minimum twice the carriers margin. The only area of operations they lack at is long distance hauling (they handles freight from foreign customers from start to finish). So we did that about 2 month ago. To a smaller degree - Canadian brokers as well. Then if you ever generate enough revenue to justify opening your own brokerage you go to a bank, get an eye wateringly large credit line to cover customer receivables, hire/train a back office staff, and keep 100% less your rather It might be some landstar agent double brokering amazon relay loads. Shippers pay MORE than market to a broker because they're not only paying for the cost of hauling the freight, they're paying for the service provided by the broker. A place for railroad professionals to gather and discuss their respective crafts, the industry, etc. I rarely felt the need to check MCs on Carrier411. How many of you here are working with Walmart and Amazon? high skill cap role (this means there's a lot of potential difference between a great broker, a good broker, an average broker, and a bad broker), and the money reflects that. Owner mid-size brokerage and trucking company. Then you quit there and probably wait out a noncompete and become an agent for an established broker. I have done pretty well for myself here and started making more money than I thought I would 2 years into the job, however the stress of freight sales and handling day to day operations is starting to wear on me, and the “frat house” like atmosphere is losing its luster. Being a broker can possibly be where the money is at, but not necessarily, and the $ scales with your dedication. At times we will broker freight to one of those "genericname@gmail. He then double brokers it over to a broker for $5500 who then triple brokers it over to another carrier for $7500. 50 pm rates when we contract for $4+ since 2015. I told my boss that I have helped maintain a 30% margin with my customers. You have 6 months of training under a senior broker where you essentially book all of his/her freight while attending sales classes. want to help the industry, get better service, cut out the middle man, make software that connects the shipper with Direct carriers. Only time I deviate is if the customer likes the price of another LTL carrier against my recommendation (so if something bad happens, I can bust out the “told ya so”, haha). New comments cannot be posted. Not sure if anyone has really set this up before, but feel free to give it a try and join, and see if it grows to where we can get jobs moving for everyone. ALWAYS. Any other way is not true brokerage. Hey fellow brokers, been a freight broker for 4 years and a lurker of this sub for a while, first time posting and wanted to see if anybody is having the same experience. I am very interested in becoming a freight broker and have a second interview with a transport company in a few days. Good brokers hate that shit, in fact there's brokers right here on this forum who have been instrumental in taking down a huge double brokering ring centered around Glendale California of all places. He told me that because ops did that work. Southeast, Southeastern Freight Lines. I don't mean to be discouraging, but I wouldn't advise anyone to get into brokerage in this market -- particularly if you're working flatbeds in the Southeast. With our small brokerage operation, I find that customers aren’t even interested to offer any business to. Taxes eat 30%. It’s not just the money good times, it’s the laughs and camaraderie that’s in the office. If you can handle the bullshit that comes with moving freight, you’ll survive. You think they are picking up your freight, but they then act as a broker and get another carrier to pick up and deliver the freight. I ended up having to settle for a job loading/unloading ocean freight. Brokers put up a bond and there are lists available of bad brokers you can avoid. Been working for about a year at my current brokerage. Prospecting. I use my carrier packets daily, it's expensive but worth it with all the double brokering happening it's definitely saved my ass a few times. Real broker is paying them $500. I worked at a low-pressure brokerage and elected to keep a book of business that was somewhat manageable as a M-F 8-1800 time frame, so I didn’t make huge numbers. Along with tons of other situations. I've learned lots about dispatching and working with brokers from talking with everyone at the company about it but after hours of research I've come to the conclusion that an entry level broker agent position is my best bet at this point. You certainly don’t want to pay them until the carrier they gave the load to is paid. He threatened the staff and owner of the company with calling the police and filing a false claim against their insurance and bond. The pendulum eventually and always swings the other way. Please join to stay up to date on the latest brokers we come across. Since I started in the business we would encounter a double broker once maybe every few months or so. I would recommend you Incorporate , as freight agents or brokers we all already have seen the entrepreneur lifestyle , we just have the shittiest one possible , aka all the stress and problems and none of the rewards. Spend a little time searching indeed. We would like to show you a description here but the site won’t allow us. Top brokers do over a 100K a month from accounts they have organically brought in. com" carrier MC#'s that then hand them off to a double-broker only to then book back our own freight from the double-broker. Who makes the margin? Is it difficult to move freight right now? Some of my loads are making nearly 50% margin. Closest I could see you getting is being weekend operations support for a broker Have never seen a brokerage offering even close to this much that have any kind of a significant amount of carriers willing to haul their freight as well as credit worthiness. This is one of the ways double brokering works yes. - CA and FL based brokers - those are the two hotspots for double-brokering. It’s the Harvard of freight brokering. The broker then unknowingly double brokers the load to a carrier. I always loved going into work but we merged a few years ago and are bank owned now. We string them along for a bit but gather plenty of evidence to confirm the double brokering actions and DAT will do nothing. depending where you live its fairly simple online but the prices vary state to state. S. Freight is a business that has been started and executed a million times over everyone is in the broker business you just purchase the software and go make some sales and find customers my friend did this straight out of college and got a large contract with zero experience he just watched youtubes lol in fact thats why i came to this forum See, this contradicts everything I know about contract freight. Reply reply Ok-Influence-2162 Our brokerage is small, but it grew enough to where our insurance company wanted it split off into a separate entity (they do not insure freight brokers). Also, before doing anything, if I was either being my own broker or working for a 3PL; you need to figure out, what makes your company different than the thousands of other brokers. "Hi I am new to freight brokering. I've applied at 2 freight broker so far, 1st guy I made the mistake of saying I wanna open my own company in a couple years 2nd guy didn't even reply because he needed someone with experience. Then at the end of the training period you will be put into a sink or swim position, I can't remember the exact requirements but something to the effect of 20 hours of talk time or $2500 in a month. Brokerage companies try to automate the broker's job with their own loadboards, push dedicated freight and end up saving a few bucks, because carriers are desperate and will use the damn website to get a load. I am going to be working with a 3PL as a logistics coordinator negotiating carrier rates and connecting companies/shippers to carriers. Then again, I’m sure OP has nothing but carriers who expect half the pay up front before even having the freight on their truck so he would fit right in with the rest It's black and white, if you have a double broker Freight Guard, you are on DNU, no exceptions. I have been working at a freight brokerage for almost 4 years. I'm a little worried about the market flip people keep talking about over there. The way to enter the industry is to get a job working at a freight brokerage for 12-24 months and then quit to be a freight agent. You will start as a sub broker. Find an architectual/builder magazine at a library etc and browse the ads and try those suppliers! Oh and roofing supply companies. Members Online Make sure ya'll keep them 5th wheels greased 🤣🤣 IYKYK Hey all! My name is Gabriel and I work as a freight broker. 6 months in the industry. Trucker Reddit is filled with insane offers for $1. I think operations are going to continue to be outsourced to other countries. to be honest, with the internet we no longer need freight brokers. IDGAF about $100/$200/$500 in freight. Ive always said that once a brokerage starts an HR department the good times are numbered. Real broker is paying $500. I do check the freight broker page quite frequently. Small and medium brokers are always looking to increase their book of business so when a scammer posing as a big box retailer Transportation Manager, they can set up a trial with the broker, and they start feeding the new broker loads that the scammer booked. One man team here. Try finding positions with 3PLs / Freight Forwarders ; there’s a myriad of other logistics services apart from ground transportation . The problem with getting your load double brokered is if they are running a double broker scam and you pay them, and they brokered it off for whatever rate at a loss because they never intend to pay the carrier anyways, then you not only paid them, but you or your customer who owns the freight, is also Now I've done over $200 million as a freight broker and if I had a better lead source when I got started back in 2003, I could have easily doubled or tripled my year 1 sales. Working M-F Wake up at 5:30-6 AM, get to the office at 7 AM -7AM -9AM blasting out emails, following up on emails and quote requests. I was a sales team leader there, did this, now broker as an agency owner. If it is indeed a fake broker then no one can give you a freight guard. Posted by u/Free_Sector_1600 - 1 vote and no comments If shippers didn't demand brokers, freight brokers wouldn't exist. X carrier has 4 trucks and 8 inspections and there seems to be some sort of relationship between the two carriers but they are telling 2 different stories. My advice is to get on with a big box brokerage and go from there. To me, and everyone has their own opinion, a “freight broker” is someone who is cradle to the grave. Work your deal as to your commission rate. A fake carrier called with a valid MC# in our system we agreed on a good rate and I sent them the $4000 for a load from ID - NC. When other brokers are out frolicking having happy hour with their co workers cuz they put up $100 in margin in one day, I’m in the office servicing their needs. I’m a carrier and a broker and I can guarantee 80% of the loads nowadays are either double brokered or has payment issues. I don’t get the commission though until it covers my base pay. Honestly, anyone can be a freight broker - you don’t need a logistics or supply chain education to do it. They will profit $100. Share novel marketing experiments, new tools and startup growth marketing stories. I’m a freight broker and curious if any have recommendations for generating leads. Double broker scammers are totally different. To simplify freight brokerage, I'll break it down into 4 areas that constitute most of my time and some of the knowledge and detail that is required. Sometimes they will book it for cheaper than the rate you pay them and keep the difference, orrrr they will offer the carrier whatever rate they want with no intention of ever paying them and keep everything you New freight broker here. com in between those calls, 'cause it's possible you've chosen the worst possible time to go into brokerage. If you don’t want to do management or haven’t managed other brokers: On the shipper side: transportation or supply chain analyst, if you’re good with data or transportation coordinator or supervisor On the carrier side: dispatcher, driver manager, etc. Then you quit and become an agent for a different brokerage for a MUCH bigger cut of the money (I am here). Any tips on brokering and finding carriers for 48' or 53' flatbeds from Tijuana, Mexico to US, Im taking a contract for this loads and need to be prepared and well sourced with carriers. Most of you will be burned out in five years and want to kill yourself or if you make it 10 years you will be divorced, paying child support, heartbroken and crying to anyone who will listen about the love of your life you lost becasue you knew too much about freight brokering and you were going to take over the world. Mainly because they're either slow to pay or they double broker. I’m not going on record as saying it’s the most efficient model but it’s hands down the strongest brokers. I’ve seen countless brokers at my old company pound the phones and make 100 prospecting calls per day and not get anywhere because they aren’t calling solid leads. The biggest companies double broker the most. Whether you’re selling cars, freight, or jobs it’s similar skills and thus a very similar demographic of people that are successful. It’s taken time to grow it into what it is, but I was honestly in the right place at the right time. There are others too, double-brokering is not exclusive to any single state. I’m in a bit of a pickle. This is a community for freight brokers to discuss the industry with their… Also currently I am working for a brokerage. Figured I’d post this up just in case anyone who sees this is in the market and needs a commodity shipped! I can do FTL, LTL, air and ocean, DRAYAGE, RAIL,etc. Networked with an ex-coworker who‘s now working at a large asset based 3PL for importing. I'm going through a bit of an existential crisis regarding the job of being a freight broker. Supposed to be in the broker's favor though. Sales get competitive salary, 30% commission of net per load monthly, company credit card, health insurance, cell phone, vacation, we go out for drinks every Friday (company expense everything) and rack up quite a bill. I see lots of brokers in here bragging about how they screwed a carrier. even Thunderbird saying DAT is a scam :D:D:D As a broker, is there a Legal Way to create a Co Brokering Agreement with another Brokerage? What Paperwork is needed, what does it take to get this done with “Bigger” brokerages? Broker A does their thing - they talk to carriers and end up booking Carrier 1 for load X so all is good. That means either they didn't like your pricing or they didn't like the way you were doing the work, because taking on the additional pain in the ass that is brokering the freight is no small matter. Have some good relationships with some carriers, but struggle getting consonants. . Your final option would be to just take the freight back. Unless you like all I just described, avoid freight brokerage at all costs. Moral of the story seek out bougie commodities. Thanks. It’s double brokering all around. Get yourself set up with an established broker at an established agency. Just starting out here. They are now Broker B. Too often we here from carriers that we are not approved by their factoring company so they can't accept the load. Jobs are out there and this is a great way to make a living. No carrier sales, everyone covers everyone’s freight. FreightBrokerWatch is a Reddit group that provides a platform for discussing experiences with freight brokers. That’s right - a good car salesman would make a good broker, and vice versa. That makes me really happy to hear about someone investing and escaping this shit hole. And to provide more specific info, I am the in-house broker at a large trucking company and currently running their 3PL department. This isn't a part time gig at all and shouldn't be attempted as such. Our assets heavily rely on broker freight on most of our outbound cross border freight Canada to US. I'm super serious about becoming a Freight Broker and the right and proper way, I wanna do this for a long time. Hey guys!! I recently just quit my truck driving job as a car carrier to pursue starting my own freight brokerage. However, Carrier 1 didn't actually have a truck. And the broker makes the difference when booking a carrier. Oct 30, 2007 · How to become a freight broker and how to deal with them. On March 18th, 2022 the broker Luk began contacting another brokerage unaffiliated with my company outside of a broker/carrier business relationship. The best brokers I knew were all experienced salesman; I learned from them that sales is sales, doesn’t matter if you’re selling cars, freight, pharma, medical devices or even people (recruiter). Every person within our company and I’m sure all my fellow brokers can agree: If you can remove the word/phrase “badhee” can you do more rate // “badhee” can you help me on rate, from any inbound phone call and email for the rest of time for all freight brokers … We would like to show you a description here but the site won’t allow us. So I am a victim of double brokerage fraud scheme. A good broker knows that solid lead generation is key to closing good customers. 5 mil rev and 150k margin = 10% profit margin. Qualities you must have; thick skin, extrovert, good at multi tasking, problem solving, cool tempered, hard working, self confidence, good at betting on yourself, self motivation, and organization skills. Sales Selling yourself as a broker instead of a company with actual truck assets can be difficult to potential Co-brokering and double brokering are not the same thing — as I said, carrier cannot act as broker without active authority, surety bond, and appropriate insurance Many carriers do NOT carry simultaneous brokerage authority anymore, as multiple legal cases came down and demonstrated that brokerage liability extends to assets owned by the A good salesperson can sell freight, cars, jobs, you name it — so you don’t exactly find the most professional logistics folks in freight brokerage, just salesbros. In the freight world, it means there is a company that promises to transport goods for another company, but instead of actually moving the goods themselves, they give the job to another company without telling anyone. Get in, spend a couple of years, then go to another transportation related company to wait out your non-compete, then go back to a much smaller brokerage. Also understand that RXO didn't file the report, the big brokers never file Freight Guard reports. As someone hailing from Laredo, TX, with deep ties to Mexican trucking companies, I figured it's time to tap into that network, especially since cross-border freight has been a big part of my career thus far but never done logistic sales. Your salary, commission, technology, insurance, rent, support salaries (I assume you’re not booking all of those loads), claim accountability, I think it would be tough and I don't recommend it with no previous experience. Basically I am a 1099 contractor that get paid only in commissions and they are labeled "my business partner". On the broker side I don’t see rates as a big issue. OTR- mismanage accounts receivable…send notice of assignment and invoice 90 days after delivery (invoiced in December)… reply to email requesting banking information for payment get no reply…call OTR, they submit banking info for payment…OTR confirmed payment received in 8 days from invoice… You get started working at a freight brokerage. Understanding the customers needs/freight movement and market trends is what makes you a very successful broker. To be frank, the first customer I landed ended up being a whale. This leaves 2 question behind, Does this person hacks everybody individually? or DAT has data leak? Update 04/25 . They have a 40k base pay with 25% commission on freight delivered. I told X carrier that I cannot pay them because they are double brokering and they told me that Y carrier is leased on to their company and I have to pay them. what about shitty brokers with cheap ass freight, complaining of a driver shortage when they are offering loads at below $2. The delivering carrier then tries to come after us or our customer for $7500 which is way more than anyone agreed to. This is a community for freight brokers to discuss the industry with their colleagues. feel free to reach out to me for a quote, I am available 24/7 Freight Brokering/Trucking/Driver Discord I am trying to set up a direct link between brokers/trucking/drivers on a discord page. 00 a mile. I was level at about ~$60-65k/yr after that first year. Locked post. Landstar "co-brokers" meaning they have a contract with other brokers to broker loads for them. Take that, and learn as hard as you can. When you have enough top line sales to justify starting/buying your own brokerage (it's around 20M a year in gross sales) and have customers willing to work with your new brokerage you do that. 50. Case in point: We are a brokerage that hires a "carrier" for $5000. I’m a broker and carrier so I see both sides. If it was me I would just contact the receiver and tell them I need payment so you can deliver and explain your situation. I just released a demo of new freight broker leads source that I shared with my Freight Broker Boot Camp community and they are raving about it. Freight brokerage classes are literally always scams. Idk much about it but there’s a brokerage that has a board that a lot of brokerages use to bid on freight and move loads without having any actual customers. Just got email from DAT. I saw at least 20 different brokerage posting with same email, Such as, Bedrock, Landstar, Propak, Freight Agency INC, MONMEL LOGISTICS ETC. A place for Growth Hacking practitioners and professionals to discuss and debate Growth Marketing. Company I work with is not commission based, but we could all agree things are easier with consistent carriers. If it isnt true, I would figure out who filed the Freight Guard and get that company to delete it. Double broker goes to real Broker for I started working for an asset based trucking company in their brokerage department (back when brokering was new — we owned 3500 trucks and had 3 people in brokerage). I can't imagine a more stupid thing for a successful broker to do than give their freight over to TQL (or any other broker) to cover/dispatch/track. Typically those companies are much more involved in the supply chain and will look for larger accounts, the sales cycle is also much longer but it’s also more difficult to lose an account when your warehouse is holding 40 truckloads of inventory. I will give you the same advice I’ve given others who have written about this. Is that the normal being a freight broker or am I getting screwed? 16 votes, 30 comments. Particularly in this soft market when truck fighting for freight brokers would be insane to do this. I am an agent for a freight brokerage. Reply reply More replies More replies I tried for over a year to get into any logistics-type role by any company with a warehouse that was willing to hire me. It's all fine and dandy when things work out (except the fact that your friend is getting ripped off) but when let's say there is an accident or theft and insurance gets involved that's when shit hits the fan. Carrier thinks they found a golden goose. Double broker takes load from real broker and sells it to carrier. Freight Broker coverage is almost always going to be a Contingent policy because it’s contingent on the Motor Carrier’s insurance failing to pay. A broker or freight forwarder who knowingly engages in interstate brokerage or freight forwarding operations without the required operating authority is liable to the United States for a civil penalty not to exceed $10,000 and can be liable to any injured third party for all valid claims regardless of the amount (49 U. They find a truck for $400. The fact that your customers took it upon themselves to start brokering their own freight is concerning. C. Pure service, ODFL. Just wondering if there's that much business that these two are utilizing brokers so regularly that the majority of freight brokerages are able to get loads awarded from them. Dispatching for a carrier and becoming a broker are two different playing fields. So they can actually determine who is moving their freight. Again, it doesn't mean anything by itself, legit customers and brokers have blind shipments all the time. This insurance subreddit is for consumers wanting their questions answered about insurance (quicker than a bigger sub where you have to wait to trend to be noticed), and P&C and L&H agents/brokers wanting to answer consumers' questions while sharing useful content in addition to asking and answering agents questions about the business. Meh, I see those doom & gloom articles every time the market slows down. For smaller brokerages I usually only ever see the Contingent Cargo and Primary or a contingent General Liability. Cheers, Dennis Hey y'all, Just wanted to share a bit of my journey diving into the world of logistics, particularly focusing on the Mexican market. There are a lot of 7 figure a year freight brokers out there but most freight brokers make 30k a year and are on their way out the door on any given day. I do Flatbed exclusively. 3 days is not enough to maintain clients. Brokers will always exist though, as there’ll always be expedited freight where you want a broker that has access to thousands of carriers to cover it. We may even broker a load or two to our competition but never at $1. dmurlbub jxs loyywtz hcjtk nsi kzp sgd skc lclxpdj kysip rfnbva axlns dfrdnho fgjoj wuksgr