The only one that can answer that question is you. A freight brokerage is it’s own business as is the freight broker agent. As it’s own business, success or failure is determined by the principle.  It really boils down to you. Are you working as you should be working? Are you doing the things that are needed to have success. 

Absolutely not. Experience is not a requirement to be a freight broker. Although if wanting to start your own freight brokerage we do recommend that you begin as a freight broker agent. This will allow you to gain experience as well as build a customer base before taking on the responsibilities of a full fledged freight brokerage.

No. As a freight broker agent you are an independent contractor, meaning you are essentially your own business. The freight brokerage will provide you a 1099 for tax purposes. In short, if you make a $1,000 this week you’ll be paid a $1,000.

Nothing happens overnight. You first have to prospect, then make contact, then develop a relationship. Often though, getting a customer can be as easy as just asking for their business. If you think about it, a company that has freight to ship obviously will need trucks. A freight broker is able to assist that company to procure trucks for their loads, free! A freight broker earns their money from what the customer is already paying to move the load.

A dispatcher is one that works for or is contracted to a trucking company to get loads exclusively for that trucking company and then dispatch those trucks on loads they have obtained, more often that not, from a freight broker. A freight broker has their own customers and able to work with any licensed motor carrier. The FMCSA has recently concluded taking comments and reviewing independent dispatch services and have decided to take no action. 

That is up to you however, we recommend discussing this with your tax professional before setting up an LLC. Most often your tax professional will recommend that you start your business as a sole proprietor. When you begin producing an income or decide to start you own freight brokerage they would then normally recommend that you set up an LLC for tax purposes. 

No business is really recession proof. However, recession or not, trucks will still be on the road hauling the commodities so that people can eat, have medicine, clothing, tools, parts, materials…. Freight brokers will be the ones helping companies get these trucks loaded and keeping the country supplied.

The short answer is no. But, why would you want to start a business without training? Training get’s you ahead of the curve allowing you the opportunity for not only success, but success quicker. Our NEW Freight Broker 24/7 is great for someone wanting to learn and earn.

This is not recommended due to liability issues. If something was to go wrong on the carrier side, or vice versa, both would be liable as they were housed with-in the same corporation. Having them separate protects the other should a situation occur.

Please feel free to call TALTOA with any questions you might have. TALTOA is a freight broker training & consulting firm in business for more than 20 years. TALTOA can be reached by calling (479) 668-0838.