Freight Fowarder/Load Broker

We can get your freight fowarder or load broker business started today.

What is a freight broker or load broker?

Both terms are commonly used to define a person or company that acts as a middle man between shippers and carriers. A load broker often works with a shipper to help them find the best carrier suited to their unique needs.

How do you become a freight broker or load broker?

Canada: Most Canadian provinces have no regulations regarding load brokers. Two provinces are the exceptions;

Ontario: has deregulated load brokers so no licence is required, though Ontario regulations do require brokers to maintain a trust account.

Quebec: the Commission des transports du Québec Section 332 requires that a “transport service intermediary” (any person who finds a carrier for the account of his client) register with the CTQ. Person can be a freight forwarder, a forwarding agent, a broker and so on, and corresponds to one of the following situations:

  • concludes a contract in Québec
  • has a place of business, an office or a business address in Québec, a post office box or a telephone number
  • has a representative or an agent with a proxy to transact on her behalf in Québec
  • generally, acts in Québec for gain in the scope of professional or commercial activities

United States: The Federal Motor Carrier Safety Administration (FMCSA) requires load brokers to obtain a MC number, file a surety bond (BMC-84)or trust agreement (BMC-85), a Legal Agent of Process (BOC-3) and register for UCR.

Canadian businesses must obtain the appropriate authority if they intend on touching US cargo.

Bond requirements:

Load brokers or freight forwarders are required to obtain a bond or trust agreement in the amount of $75,000 USD.

Load Broker Links of Interest

Link for more information on bond increase click here

Link for information on legal battle against increased bond requirements click here

Link to US requirements click here