Last month Congress passed a new bill increasing the required surety bond for freight brokers from $10,000 to $75,000. The reasoning behind the bill is to cut down on fraud in the transportation and trucking industries. An increased surety bond would ward away non-compliant small brokers. Larger freight broker operations barely feel this increase and are, for the most part, supporters of this bill. Unfortunately, a large number of ethical and hardworking freight brokers are bearing the brunt of this new bill. Many freight brokers are in business for themselves and run their business from a small or home office. An increase in a surety bond means an increased rate sent back to their customers and potentially losing that business. Traditionally the transportation industry has been a great place for the entrepreneurial minded individual to grow and flourish. This new bill is affecting that ideal. This new bill is forcing many to close up shop…but there may be a solution.
Now is a great time for freight brokers to begin looking at partnerships with larger transportation management companies like BlueGrace Logistics. BlueGrace Logistics offers both Franchise and Freight Agent opportunities. These roles give the individual the same freedom and income potential as a Broker but with the support and protection of a larger organization. Brokers would also have a wider array of services to now offer customers. The values remain the same but instead you are now in business for yourself, not by yourself! Check out this video regarding BlueGrace Franchises. Join the conversation on LinkedIn regarding Freight Agent opportunities. If you are an experienced Freight Broker, current Agent, or a Freight Sales professional we would like to speak to you today!
Partnering with BlueGrace Logistics:
- Competitive Splits (Agent)
- Low-cost Franchise Fee
- Competitive Royalties (Franchise)
- Best- In-Class Technology
- Customer Service Support
- Full Service Suite
- Billing Services
- Enterprise Account Support
- No territory or compensation restrictions
Continue to do what you love, be free of any bonds, and leverage up your capabilities!