Comments on: Start a Freight Brokerage Business http://articles.bplans.com/starting-a-business/start-a-freight-brokerage-business/282 Business plan articles from the business planning experts Thu, 09 Feb 2012 18:41:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: WC Jones http://articles.bplans.com/starting-a-business/start-a-freight-brokerage-business/282/comment-page-1#comment-10432 WC Jones Sun, 02 Jan 2011 20:04:26 +0000 http://articles.bplans.com/index.php/business-articles/starting-a-business/start-a-freight-brokerage-business/282#comment-10432 Very Sage advice. Appreciate the knowledge. What would someone estimate as the year 1 "Revenue" for someone with Broad Transportation Knowledge but not necessarily broad sales contacts in his / her pocket??? Very Sage advice. Appreciate the knowledge. What would someone estimate as the year 1 “Revenue” for someone with Broad Transportation Knowledge but not necessarily broad sales contacts in his / her pocket???

]]> By: Jameson Saint Romain http://articles.bplans.com/starting-a-business/start-a-freight-brokerage-business/282/comment-page-1#comment-10309 Jameson Saint Romain Tue, 14 Dec 2010 04:04:52 +0000 http://articles.bplans.com/index.php/business-articles/starting-a-business/start-a-freight-brokerage-business/282#comment-10309 Being a veteran of the Freight Brokering Industry, I would not reccomend starting a brokerage at all! The big players out there now, CH Robinson, Landstar, etc;, Will survive the upcoming surety bond requirment changes. Before, any Joe could go get the 10k surety bond to start a brokerage. Now, most companies will not deal with you without atleast a 100k surety bond. And a lot of the big brokerages have a 250k bond. Small brokerages will fall when they are required to up their bond to 100k, a possible new regulation. I reccomend being an agent for a brokerage, not opening your own. As an agent, you work under a companies authority, bond, insurance, and they usually provide load boards. Sure, they take, on average, 40% of your take; A small price to pay for not having to bankroll 300k to pay carriers before you get paid and having to carry the insurance. Being a veteran of the Freight Brokering Industry, I would not reccomend starting a brokerage at all! The big players out there now, CH Robinson, Landstar, etc;, Will survive the upcoming surety bond requirment changes. Before, any Joe could go get the 10k surety bond to start a brokerage. Now, most companies will not deal with you without atleast a 100k surety bond. And a lot of the big brokerages have a 250k bond.

Small brokerages will fall when they are required to up their bond to 100k, a possible new regulation.

I reccomend being an agent for a brokerage, not opening your own. As an agent, you work under a companies authority, bond, insurance, and they usually provide load boards. Sure, they take, on average, 40% of your take; A small price to pay for not having to bankroll 300k to pay carriers before you get paid and having to carry the insurance.

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