Startup Broker
#1
Rookie
Thread Starter
Join Date: Oct 2009
Posts: 4
I'm having some trouble understanding some of the lingo on the FMCSA's website. I'm going to be booking loads through GetLoad/TruckStop/DirectFreight for my dad's small trucking business of 4 trucks, but don't understand what I will be considered.
Will I need my OP-1 Authority form filed and the OP-1(FF) Authority form and have to pay both authority fees? I won't be doing anything other than finding freight through online load boards. Also, how do I go about getting the $10,000 insurance that is required? Any advice will be appreciated! Thanks! Last edited by DarkWhoppy; 10-02-2009 at 01:24 PM.
#3
Board Regular
Join Date: Apr 2009
Posts: 210
Rick
#4
Rookie
Thread Starter
Join Date: Oct 2009
Posts: 4
Our company doesn't have it's own authority yet. Currently, we pull freight for a company on the East coast near a major port. Thanks for the replies! They have cleared up a lot of confusion.
According to FMCSA, to file for our Authority we will need to process the forms MCS-150, OP-1(Motor Property Carrier), BOC-3, Designate a Process Agent. (we already have insurance) Our company has been in operation for years but this is our first step towards having our own authority for load booking. There are companies listed on FMCSA that will handle the filing process for you, including the Process Agent services. Is it best to pay a lump sum to one of those companies to ensure everything is done properly? It doesn't seem that difficult but the Process Agent section is where we would need to find one of those companies regardless. One of the Motor Carrier Authority packages includes the FMCSA registration fee and all other fees for $525. That's only $225 more than if I filed each form myself. We travel through multiple states and all of our company's employees are within the same state. I don't see how I would be able to list an agent for every state we run in. Thanks again! Last edited by DarkWhoppy; 10-03-2009 at 05:00 AM.
#5
Senior Board Member
Join Date: Jan 2006
Location: North East
Posts: 1,199
Process Agent is free if you join OOIDA. Otherwise, it cost about $50 per year. You don't really need to pay these other places to file for you. The FMCSA online forms have a built in check/error list so if you make a mistake it will tell you.
#7
Or you can just illegally rebroker loads without being licensed to do so like someone I used to work for. That works too, until someone catches you.
#8
Why would a carrier take a load from someone who has no broker authority?
#9
I'm assuming the carrier who rebrokered it passed it off as their own freight. I honestly don't know. All I know is they were selling loads rather than loading their own trucks, and were bragging they had no authority to do so.
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