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Any Freight Brokers out there?

Posted on 10/31/16 at 8:04 am
Posted by heypaul
The O-T Lounge
Member since May 2008
38099 posts
Posted on 10/31/16 at 8:04 am
My Brother owns a trucking company and has been trying to talk me into becoming a Broker for a while now.

I've been doing my homework for several months, and I think I'm ready to pull the trigger.

I know everything involved and what I need to do, I was just seeing if any of you old hands had some advice?
Posted by tigerman03
Metairie
Member since Jul 2008
3745 posts
Posted on 10/31/16 at 8:05 am to
I don't do it, but work with people who do. It's cutthroat.
Plus some brokering companies suck.
Posted by heypaul
The O-T Lounge
Member since May 2008
38099 posts
Posted on 10/31/16 at 8:10 am to
quote:

Plus some brokering companies suck.

Yea, not many Christmas cards send to them from the Carriers, but just like every occupation there's good ones and bad ones.
Posted by YOURADHERE
Member since Dec 2006
8022 posts
Posted on 10/31/16 at 8:20 am to
Will you be brokering his freight to outside carriers? Or just surfing broker boards trying to book loads for his trucks? It's a cut throat business full of shitty brokers, shitty carriers, and just shitty people in general.
Posted by TDcline
American Gardens building 11th flor
Member since Aug 2015
9281 posts
Posted on 10/31/16 at 8:28 am to
Don't do it. It's an industry that should t even be around anymore. Basically you must convince the customer to be shipped for that it will be easier and more cost effective to ship through a third-party, rather than to pick up a phone and call a trucking company directly. Plus, unless he works for CH Robinson, don't even try it. They dominate the market by leveraging relationships. The company I worked for could never touch their prices, and that's all the end users care about.
Posted by heypaul
The O-T Lounge
Member since May 2008
38099 posts
Posted on 10/31/16 at 8:34 am to
quote:

Or just surfing broker boards trying to book loads for his trucks?

Not just for him, but for everybody.

He don't have enough trucks to have me as a broker, I'd be looking for loads to book from all over.
Posted by Jefferson Darcy
Next to Al
Member since Aug 2009
532 posts
Posted on 10/31/16 at 8:55 am to
quote:

Don't do it.


this
Posted by YOURADHERE
Member since Dec 2006
8022 posts
Posted on 10/31/16 at 9:05 am to
Meaning looking for broker loads for his trucks as well as trucks within the same company? Or finding broker loads to put on other outside carriers? Because double brokering is highly, highly frowned upon.

If it's the first then I know of a handful of people who have got into doing that and have made a decent living finding broker loads for trucks within our company and getting a commission.
Posted by killinmesmalls
Baton Rouge
Member since Nov 2011
163 posts
Posted on 10/31/16 at 9:11 am to
The company i work for hires lease trucks all the time. you really need to see about getting in good with a crane company or someone that uses them alot. I probably get around 3 to 4 calls a week from brokers searching for stuff. I'm telling you man it is a cut throat business. We have one lady that we have used for the past ten years and someone now has come in with better prices than her and basically just cut her lose. If it was up to me i would not go into that business unless you have some previous connections
Posted by heypaul
The O-T Lounge
Member since May 2008
38099 posts
Posted on 10/31/16 at 9:14 am to
I want to be an independent broker, having truck drivers call me to book loads.

Not jsut for my brothers trucks. I have no plans on double dipping, or screwing the drivers over, no matter who he works for

I know I won't make a million dollars my first couple of years, but I can see where there's money to be made.
Posted by blzr
Keeneland
Member since Mar 2011
30084 posts
Posted on 10/31/16 at 9:16 am to
I used to, tough work but definitely money to be made. Had a few guys in our office making 200k+
Posted by Muice
Baton Rouge
Member since Aug 2013
1268 posts
Posted on 10/31/16 at 9:17 am to
My buddy's dad is the president of a warehousing/local transport company in Florida, he used to broker freight on the side but apparently it got to the point where it wasn't worth the money. He said it's a 24/7 job basically.
Posted by heypaul
The O-T Lounge
Member since May 2008
38099 posts
Posted on 10/31/16 at 9:20 am to
quote:

He said it's a 24/7 job basically.

yea, ive been warned....
Posted by Ed Osteen
Member since Oct 2007
57443 posts
Posted on 10/31/16 at 9:25 am to
I worked with a bunch when I was in working for a transportation company in Houston. It's hard and challenging work with some shitty hours depending on what you are hauling. If you get into it, be prepared to never be noticed for doing the best work but prepared to get your arse handed to you if something's late
Posted by 0
Member since Aug 2011
16622 posts
Posted on 10/31/16 at 9:29 am to
I did it for several years until the company downsized and closed down the branch I was working out of. The first few months are rough until you actually get a book of business and have a few carriers that you know and can rely on.

Unless you are going to go work for a company like CH, coyote, or tql I wouldn't do it. They own so much of the market share and are willing to be dirt cheap because of it. It would hard for an independent to make it unless you had customers up front.

Also a lot of the bigger carriers will not work with small brokers anymore and the insurance they want brokers to have is pretty ridiculous for a single person to have.
Posted by idlewatcher
County Jail
Member since Jan 2012
78873 posts
Posted on 10/31/16 at 9:32 am to
Freight forwarder is different than a freight broker FYI. I'm in the procurement business and deal with both daily
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 10/31/16 at 9:37 am to
I feel for you if you are going to have to deal with truck drivers on a hourly basis. They have to be the most fricked up bunch of people I have ever come across.



Posted by wshan
Member since Sep 2016
5 posts
Posted on 10/31/16 at 9:40 am to
I do. There are good/bad just like everything else. PM me and I can give you more details.
Posted by heypaul
The O-T Lounge
Member since May 2008
38099 posts
Posted on 10/31/16 at 9:46 am to
quote:

Also a lot of the bigger carriers will not work with small brokers anymore and the insurance they want brokers to have is pretty ridiculous for a single person to have.


well said.

Thanks for your insight ...





quote:

wshan PM me and I can give you more details.

heypaul@mail.com
Posted by redstick13
Lower Saxony
Member since Feb 2007
38449 posts
Posted on 10/31/16 at 9:52 am to
quote:

Freight forwarder is different than a freight broker FYI. I'm in the procurement business and deal with both daily



I deal with our procurement department and I know we use freight forwarders for all our international shipments. I can't tell you the exact difference between what they do and a broker tho.
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