A property or freight broker is one of several classes of companies licensed by the Federal Motor Carrier Safety Administration (FMCSA). A "broker" is a transport intermediary that specializes in pairing a customer ("shipper") that needs to move property or persons and a "carrier" that is able to move property or persons. As with all regulated activities, there are requirements for participating in the sector.
Brokers registering for the first time must complete an online applicant for broker authority and be issued an "MC" number by the FMCSA. You may begin the process here.
After registration, the FMCSA will require:
Surety bonds are similar to unsecured lines of credit. In order to quote a surety bond, we must get comfortable with the applicant's credit and financial condition. To offer you terms for a BMC-84, we will generally need the following:
If the freight brokerage is operating, also:
NOTE: We offer non-standard program access to applicants with damaged credit and weak financial statements. Bad credit does not mean that you will be turned away.