Question 1

What is a Freight Broker?

Accepted Answer

A Freight Broker is a "logistics provider".  Someone who, for a fee, arranges for the transport and movement of freight/cargo/goods/loads/commodities.    The Freight Broker does not take possession of the freight, but only arranges for its movement and transport via carriers, truck drivers, owner operators.   The Freight Broker is considered the middleman between the Customer/Shipper and the Carrier/Truck Driver/Owner Operator.

Question 2

What are the REQUIREMENTS to become a Freight Broker?

Accepted Answer

Freight Broker REQUIREMENTS:   - Freight Broker Authority (License) - file an OP-1 form with the FMCSA - Surety Bond or Trust Fund - BMC-84 or BMC-85 - Designation of Process Server - BOC-3 form filed with the FMCSA - Unified Carrier Registration - UCR, for Brokers you would list 0 to 2 trucks - W9 - Insurance - This is optional on top of the bond.  Examples are Contingent Cargo or Errors & Omissions

Question 3

What is the difference between a Freight Broker and a Freight Broker AGENT?

Accepted Answer

The difference is that the Freight Broker AGENT works under the License or AUTHORITY of the Freight Broker.  The AGENTdoes not require what is required of the Freight Broker.  They are simply contracted to work under the Freight Broker's authority and get customers/shippers to move freight.

Question 4

Who is the FMCSA?

Accepted Answer

The FMCSA is the Federal Motor Carrier Safety Administration, the governing body, along with DOT (Department of Transportation), of the transportation industry.

Question 5

Do I need to be ACTIVE or have a Freight Broker license PRIOR to going after Customers/Shippers?

Accepted Answer

YES.  Customers/Shippers REQUIRE Freight Brokers to have met all the FMCSA requirements to be a Freight Broker PRIOR to contracting with them and potentially giving them their freight.

Question 6

What are the parties that Freight Brokers deal mainly with?

Accepted Answer

There are 2 parties that the Freight Brokers deal mainly with:   1.  Customers/Shippers - Individual/companies that have the freight   AND   2.  Carriers/Truck Drivers/Owner Operators - individuals/companies that transport the freight

Question 7

How do Freight Brokers contract with the 2 parties they deal with?

Accepted Answer

Freight Brokers contract with the 2 parties by:   1.  Customers/Shippers - Broker/Shipper Packet   AND   2.  Carriers/Truck Drivers/Owner Operators - Broker/Carrier Packet

Question 8

What are the contents each of the packets?

Accepted Answer

Broker/Shipper Packet: - Broker/Shipper Agreement - copy of Broker's W9 - copy of Broker License (Authority) - copy of Broker Bond - copy of Broker's Certificate of Insurance - Credit Application (if Freight Broker is Factoring)   Broker/Carrier Packet: - Broker/Carrier Agreement - Broker Company Profile - copy of Carrier Operating Authority - copy of Carrier's Profile - copy of Carrier's W9 - copy of Carrier's Certificate of Insurance - Carrier's credit application (if Carrier has Factoring)

Question 9

Is the course also a self-paced training course?

Accepted Answer

Yes.  Outside of the LIVE trainings, the platform is self-paced, learn as you go.

Question 10

Do you offer LIVE trainings?

Accepted Answer

Yes.  LIVE trainings are offered on Tuesdays and Fridays  at 6 pm EST via ZOOM.   Go to Page

Question 11

How often are the LIVE trainings?

Accepted Answer

LIVE trainings via ZOOM are given 2 days a week:  Tuesdays and Fridays at 6 pm EST via ZOOM.   More Info

Question 12

When are the days and times of the LIVE trainings?

Accepted Answer

Tuesdays and Fridays at 6 pm EST.

Question 13

What is the cost of the Freight Broker 101 SEMINAR Training?

Accepted Answer

The cost of the Freight Broker 101 SEMINAR Training is $249 for that ONE DAY, 2-hour Training.  It is only for the 1 day, NOT MULTIPLE DAYS.   To REGISTER, go here: https://www.exodusdispatchingandtraining.com/freight-broker-101-seminar

Question 14

How do I REGISTER for the Freight Broker 101 SEMINAR Training?

Accepted Answer

You register for the Freight Broker 101 SEMINAR by going to the registration page on the website at https://www.exodusdispatchingandtraining.com/freight-broker-101-seminar.

Question 15

What DAYS and TIMES are Freight Broker 101 SEMINAR Trainings held?

Accepted Answer

The Freight Broker 101 SEMINAR Trainings are held every TUESDAYS at 6 pm EST via ZOOM at https://www.exodusdispatchingandtraining.com/join-live-online-training   Please be mindful of your time zone if it is different from our Eastern Standard Time (EST) time zone.

Question 16

What is all included with the Freight Broker 101 SEMINAR Training?

Accepted Answer

- LIVE SEMINAR Training on Tuesday at 6 pm EST via ZOOM - a copy of the recording - 1 FREE eBook - Freight Broker 101 Training for Beginners - copy of a Broker/Shipper Agreement template - copy of a Broker/Carrier Agreement template - copy of the Broker's credentials (Authority, Bond, W9, COI, UCR, etc.) - copy of 2020 Shipper's List database - plus much, much more

Question 17

If I want to continue with the Freight Broker 101 ONGOING Training, will the Freight Broker 101 SEMINAR cost I paid be deducted?"

Accepted Answer

Yes.  Scroll to the bottom of the Freight Broker 101 SEMINAR registration page and click the "Request A Voucher" bottom, fill out the voucher and click submit.   We will be alerted and then will create a special invoice with the cost of the Freight Broker 101 SEMINAR deducted from the cost of the Freight Broker 101 ONGOING Training, plus tax.

Question 18

What is the cost of the Freight Broker 101 Training Materials Kit ONLY?

Accepted Answer

The cost of the Freight Broker 101 Training Materials Kit ONLY is $199

Question 19

How do I purchase the Freight Broker 101 Training Materials Kit ONLY?

Accepted Answer

By going to the Freight Broker 101 Training Materials $199 purchase page at https://www.exodusdispatchingandtraining.com/freight-broker-101-starter-kit and select "Purchase Now".

Question 20

What is all included in the Freight Broker 101 Training Kit ONLY?

Accepted Answer

Freight Broker 101 Training Materials ONLY include: 1.  copy of OP-1 Form (PDF - Application for Motor Property Carrier and Broker Authority)
2.  copy of MCS-150 Form (PDF - USDOT application)
3.  copy of BMC-84 (Surety Bond)
4.  copy of BMC-85 (Trust Fund)
5.  UCR Agreement (Unified Carrier Registration - Brokers need this too)
6.  copy of Certificate of Insurance - C.O.I
7.  copy of Broker/Shipper agreement (template)
8.  copy of Broker/Carrier agreement (template)
9.  Sample Load Tender
10. Sample Rate Confirmation
11.  Sample Bill of Lading (BOL)
12. Two(2) Freight Broker 101 eBooks
13. Shipper's Database for 2020

Question 21

Do I get access to the Freight Broker Course Access page with the purchase of the Freight Broker 101 Training Materials Kit ONLY?

Accepted Answer

NO.  Not with the original purchase.  It does not INCLUDE access to the Freight Broker 101 ONGOING course.  If you want access to the Freight Broker 101 ONGOING course, you would need to request a voucher to offset the cost OR purchase the Freight Broker 101 ONGOING course outright.

Question 22

Do I get access to the Freight Broker 101 LIVE Trainings with the purchase of the Freight Broker 101 Training Materials Kit ONLY?

Accepted Answer

NO.  Not with the original purchase.  It does not INCLUDE access to the Freight Broker 101 ONGOING course.  If you want access to the Freight Broker 101 ONGOING course, you would need to request a voucher to offset the cost OR purchase the Freight Broker 101 ONGOING course outright.

Question 23

If I want to continue with the Freight Broker 101 ONGOING Training, will the Freight Broker 101 Training Material Kit ONLY cost that I paid be deducted?"

Accepted Answer

Yes, simply scroll down to the very bottom of the Training Materials purchase page and click the "Request A Voucher" button. We will be alerted and will create a special of the difference between the cost of the Freight Broker 101 ONGOING Training minus the Freight Broker 101 Training Materials cost, plus tax.

Question 24

How much is the Freight Broker 101 ONGOING course?

Accepted Answer

Currently, the enrollment price of the course for a single member $799 and the 2 for 1 is $999, plus a $19.99 monthly subscription for access to the back office member’s portal.   Go to Page

Question 25

How do I sign up for the Freight Broker 101 ONGOING Training?

Accepted Answer

Go to https://www.exodusdispatchingandtraining.com/enroll-in-freight-broker-101-traini

Question 26

How long are the LIVE Zoom classes per session and the ONGOING course overall?

Accepted Answer

Each will last up to no more than 2 hours at a time. The ONGOING course can last for up to a year, assuming that you maintain your $19.99 monthly subscription to continue having access to our Back Office and its contents. This monthly subscription starts 1 month after your enrollment date and can be cancelled anytime.

Question 27

How will the self-paced portion of the ONGOING course be accessed?

Accepted Answer

The self-paced portion of the course will be accessed by the member having been given an access code to Freight Broker Course Access page.   Go to Page

Question 28

What all comes with the ONGOING Training?

Accepted Answer

Freight Broker Course Access page with access code, Orientation, FREE eBook, 1 Glossary, 3 Training Modules, 2 Load Boards, Form and Document Templates, Tools and Resources, and a Training Videos Library.

Question 29

Do you get a certificate upon completion?

Accepted Answer

There is NO certificate for this program.

Question 30

What is the Freight Broker Course Access page?

Accepted Answer

The Freight Broker Course Access page is where members/students who have ENROLLED in the Freight Broker 101 Training ONGOING program go to get access to all the resources available to assist in their freight broker journey.   You receive access after you enroll in to the program via an email with instructions on how to access the page.

Question 31

What is all included in the Freight Broker Course Access page?

Accepted Answer

It contains:   - Orientation and ebooks - Business set up - Pre-requisites to Freight Brokering - Freight Broker Requirements - Freight Broker vs. Freight Broker AGENT - 3 Training Modules - 2 Load Boards - Carrier-level for practice purposes - Starter Kit materials - TMS systems overview - Tools, Resources, Documents and Services - Training Videos Library