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Freight Movers School, LLC
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Vocational school specializing in Freight Broker Training.
Vocational school specializing in Freight Broker Training.

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Freight Movers School, LLC's posts

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Can you walk away from freight broker training a licensed freight broker? We highly recommend that all prospective students ensure they understand all of the legal requirements of becoming a licensed freight broker.


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Why is it important that the freight broker school you attend offer freight agent placement?


Popular Question: If I choose to start out as a freight agent after completion of your freight broker classes, what is the commission split being offered by the affiliate brokerage?

Our graduates are guaranteed placement as an independent freight agent with a commission split of 60% to 75% of the load profit earned by the brokerage. This split provides the agent with a minimum of 60%. However, based on the agent's monthly gross shipper revenue, the agent's commission can increase to as much as 75%.

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The training or experience requirement for freight brokers is inevitable. Check this blog post for more information: 

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The insurance requirement for freight brokers is usually a hot topic and can often be misunderstood. For more info on what the legal requirement is and what the insurance actually covers, check out our blog post: 

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If you think you'd like to become a truck dispatcher, you should really dig deeper and find out who should attend truck dispatcher training. A few days ago we shared some of the differences between a freight broker and a truck dispatcher. Always remember, the determining factor of whether or not you are a freight broker or a truck dispatcher is not what you decide to call yourself. Instead, the activities or duties that you perform determine if you are dispatching or brokering.

What is the difference between a freight broker and a truck dispatcher?

There are several differences between a freight broker and a truck dispatcher. In this post we’ll go over the biggest difference. The freight broker’s customer is the shipper. Freight brokers work directly with shippers to find the appropriate carriers available to move the shipper’s products. Successful freight brokers must perform many activities (including, but not limited to): finding shippers who will be their potential customers, taking the time to build relationships with those shippers, negotiating rates with shippers, finding carriers, qualifying carriers, negotiating rates with carriers, completing load paperwork with the shippers, completing load paperwork with the carriers, dispatching those carriers to move the freight owned by the brokers’ shippers, tracking those loads, invoicing shippers, and ensuring payments are made to carriers.

A truck dispatcher is often an employee of a single carrier company or an independent contractor working for a single carrier company. The truck dispatcher rarely ever works directly with the shippers. Instead they find brokered loads via third-party load boards or they are assigned loads by their carrier company’s sales department or brokerage department. The dispatcher works to match up each load to an available truck within their carrier company. Dispatchers may also handle the load paperwork and negotiate the carrier’s rate as the carrier’s representative, if the load is being brokered by a third-party. Once the load and truck are matched up and all applicable load paperwork is complete, the dispatcher will dispatch the truck and track the load for the carrier company.

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As you spend time with your loved ones this holiday weekend, please take a moment to remember why we celebrate Memorial Day.
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Are there different levels of freight broker licenses (Master, Journeyman, Senior, Junior, etc.)?

No, there are no levels of licenses issued to freight brokers. The Federal Motor Carrier Safety Administration (FMCSA) is the government entity that grants licenses to U.S. based freight brokers and they issue only two types of broker licenses: Property Broker License Registration (excluding household goods) and Property Broker License Registration of Household Goods.

It's definitely important to attend comprehensive freight broker training before attempting to become licensed in this highly competitive industry. But, look past the name of the course and dig deep into what the training will actually include. Check out our course comparison for more details.

https://freightmoversschool.com/classes/course-pricing/

How much does the surety bond or trust fund cost?

All freight brokers are legally required to maintain either a BMC-84 Surety Bond or a BMC-85 Trust Fund in the amount of $75,000.
The actual amount you pay for your bond or trust fund depends on a number of factors including: whether you choose a bond or a trust fund, the programs provided by the insurance company or financial institution you choose to use, the personal credit history of the owner(s), and the business experience of the owner(s).
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