Freight Broker Surety Bond

One of the three legal requirements for becoming a freight broker is obtaining evidence of a $10,000 surety bond or trust fund. Here's something you won't find elsewhere.

There are several ways of getting the surety bond. One way is to put up your own $10,000. But what if you don't have an extra $10,000 laying around?

You may choose to work with one of our associates who will put up the $10K bond for you. However, you need to have very good credit in order for them to do this. What if your credit is bad or you have no credit history.

Most likely, you don't want to spend money on freight broker training unless you are for sure about getting your bond.

Here's a solution if you don't have much of a credit history or if your credit is bad:

Call us and we'll send you to the source who will tell you BEFORE which program you qualify for.

It's that simple.

There is no other training program that will be this upfront with you on the surety bond.

Comments

[John]

On my website, throughout this blog, in my free and low-cost resources, you will learn how we place a lot of importance on finding shippers, including talking to them, getting set up with them, learning what they will expect from you and what you should expect from them. Yes, these are crucial. Check out all my resources.

[mensur]

Ok, this all sounds great and it seems getting authorized is not a big deal but no one talks about the exact appraoch of finding customers. How do I get the numbers? Are there any websites that help? What exactly do I tell them? This is the critical point for starters.

[John]

Yes, many shippers have their own trucks or they have an in-house logistics department.

Likewise, many trucking companies have their own freight brokerages so they can go directly to the shipper (some shippers won't deal directly with carriers).

Or, in some cases, the trucking company may go directly to the shipper for loads.

Here is the bottom line: In these gigantic industries - trucking, freight shipping, logistics - you will find all sorts of arrangements.

This leaves plenty of room for freight brokers to contact those shippers who do NOT want to set up their own logistics dept or who do NOT want to deal directly with the carrier.

The freight broker plays an invaluable role in their service.

[J. James]

In my short time of reading your information, please answer this question?

What is the answer when you find that the shipper is also their own broker or the carrier is their own broker? I guessing that the foundation for this is price, that is cutting out the borker.

Their shipping need in one such case is 2000 shipping orders per day, they call the carrier direct. What is the insentive for them to do business with a outside broker?

[John D. Thomas]

Joan - what exactly is the problem? In the last post right below yours, I mention what to expect if you have poor credit. If this is not your problem, why can't you go back to the school and have them do it for you?

[joan morgan]

I have traing already .brooke transportation traing northe richland hill tx. have 5 year as a driver. need someone with help with bond

[John D. Thomas]

If you have poor credit or little credit history, most likely you would be asked for a deposit plus pay in $500 per month until you build your own $10K surety bond.

Or, if you have a spouse, close friend or relative whom you plan to bring into the business, you can use their credit if it is good.

I hopt this helps.

[Elizabeth Higuera]

I'm currently a dispatcher interested in going into the freight brokerage business. I have bad credit and no money. What do I qualify for?

[VBartram]

You guys in the US offer a course on just about anything and everything, under the sun. It's pretty simple...you bring a customer who needs goods shipped to a specific destination....line them up with a company who can perform this service....not complicated...simple really. Make sure you cross all your T's, and to dot all your I's...and the rest is simple...this isn't rocket science guys.