How to Become a Trucker Route Broker

A trucker route broker is legally known as a freight broker. The broker arranges delivery between the shipper and the person or company receiving the product. To legally become a freight broker, you must register, apply and obtain an approval from the U.S. Department of Transportation, Federal Motor Carrier Safety…

Regulations for Displaying the DOT Number on a Vehicle

The U.S. Department of Transportation (USDOT) Number is a unique number assigned to passenger and cargo carriers. The Department of Transportation uses the DOT number for a variety of purposes, including monitoring a carrier’s safety record, carrying out audits and investigating crashes. A USDOT number must be prominently displayed on…

Online Training for a Freight Broker Agent

Online  training is a convenient and common way for professionals to enroll in classes that can be taken during any time or day of the week. Students studying to become freight brokers can take online training to prepare for licensing and to learn the basics of the freight brokerage business….

How to Become a Bond Broker

Bond Broker: The billions of dollars that pass through U.S. securities exchange groups daily are used to buy stocks, mutual funds, securities and bonds. Bond brokers are responsible for handling the sales of these bonds, issued by corporations to raise capital. Bond brokers are highly qualified and highly knowledgeable about…

What Are the Federal Tax Laws on Trucking?

Federal Tax Laws on Trucking Full-time truck drivers are aware of the federal laws that govern the transportation industry. It is always important to brush up on tax laws so operators can best take advantage of tax deductions and know ahead of time about new regulations and taxes in the…

Trucking Software Requirements

Trucking Software: The trucking system has implemented information systems technology and software to make operations more efficient and resourceful. There are Windows-based software packages that trucking companies can integrate into their business. These software packages have many user-friendly interfaces. There are no federal regulations governing the use of software for…

How to Get a Surety Bond Released

Getting a surety bond released essentially means terminating it, because you have successfully performed the duty the surety bond was meant to insure. It is fairly simple to release a surety bond: all you need to do is apply to the bond producer, or broker, who arranged the surety bond….

Setting Up QuickBooks for a Freight Broker

A freight broker company brings together a shipper that needs to transport goods and an authorized carrier who wants to provide the service, according to “Entrepreneur” magazine. QuickBooks accommodates the bookkeeping needs of a freight broker company with its estimates, which users can seamlessly roll over into invoices. In addition,…

Loss Prevention in the Trucking Industry

Loss prevention in any business is an important topic, especially in challenging economic conditions. In difficult times, business owners look for any means to cut expenses and flows of money out of the business that stifle profitability. The trucking industry is no different. Plus, it is faced with the additional…

The Transportation in Logistics

Logistics refers to the transportation of goods and merchandise raw materials or finished products from the point of production to the point of final consumption. Different modes of transportation like road, rail, water and air can be used for the effective management. Every mode of transportation requires a different set…

How to Determine Insurance & Bond Requirements

  Insurance & Bond Requirements: Vendors that do business in cities and municipalities are typically required to provide evidence of having adequate insurance and bond coverage. This will need to be provided to the city, where you plan to do business, before you can start work or provide services in…

Who Is Affected by Fossil Fuel Depletion?

Fossil fuel helps produce cheap energy. Modern industries depend heavily on energy supplied by fossil fuels. In fact they are the backbone of the auto, steel and transportation industries. However, these industries will face the repercussion of the rapid depletion of the energy reserves. The common man will also be…

About Transportation Brokerage

Transportation Brokerage: The shipping industry coordinates itself to transport goods across the globe. Transportation brokers are critical to facilitate this process. Efficient brokers work to reduce transportation costs for their clientele. Transportation brokers leverage personal connections to match suppliers needing to move goods with freight companies offering transportation. Transportation brokers…

How to Calculate Brokerage Commission

Depending on what type of broker you are working with the commissions will vary. A stock broker commission will differ from a real estate, insurance or mortgage broker firm. However commissions are generally based on a specific dollar amount, whether it be the total cost to purchase stocks, a loan…

How to Calculate Your LTL Freight Class

Domestic trucking is the most common way to transport products and materials throughout the United States. Ranging from fresh produce to project materials, or even hazardous goods, all LTL truckloads are subject to regulations imposed by the U.S. Department of Transportation. A LTL shipment takes place when a trucking company…

Owner-Operator Vs. Broker

In the transportation industry, the terms owner-operator and broker are used commonly. Knowing the definitions of these jobs will help you better understand the logistics behind this industry. Owner-operators are truck drivers who own their own truck, have all of the appropriate licenses and permits, and do all of the…

How to Broker Freight From Home

Brokering freight from home can be a lucrative business for an entrepreneur. The process involves matching shipper loads to authorized carriers, for which you earn a commission. Running a freight brokering service begins with formulating a business plan and obtaining the requisite authorizations. Building a good network within the freight…

How to Get an Insurance Broker’s License

A lucrative career awaits those who work hard to obtain not just an insurance broker’s license, but also a wide array of knowledge and information through available local government-facilitated insurance courses and licensure training. The success of your career depends on your tenacity and skills, and the first step toward…

The Problems With Tax Exempt Bonds

Exempt Bonds: Municipal bonds are a type of bond that allow you to earn interest without paying any taxes on it. While this could be looked at as a major advantage for some investors, these bonds are not without a few drawbacks. The problems may be enough to keep you…

How to Be a Freight Agent

A Freight Agent is  responsible for organizing, tracking and billing cargo shipments of all kinds. The work involves coordinating with customers regarding goods to be shipped, method of shipment, special requirements for shipping, customs, tracking shipments, local pickup and delivery, and invoicing. Most freight agents are employed by freight brokers or…

How to Choose the Right Broker

When you begin investing in the stock market, it is important to choose the right broker to handle your investment accounts. When comparing brokers, consider the capabilities of the brokerage company and compare this to the price of its service. Different brokers will be appropriate for people investing in different…