Freight Broker Industry Training Guide

Published October 10, 2010 | By Bman

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fluent in a foreign language I would say go for it.

13. Authorities, Bonds, and Insurance

A) Authorities: An authority or MC number allows you to broker freight. Carriers and freight brokers both have MC numbers. Your MC number is used for the government and transportation industry as a number to represent your company as being legal to perform trucking or brokering duties. MC numbers are a six digit number that start with a 0-6 depending on the age of the company. You can tell a company’s age by their MC number. As I am writing this, a company starting out now would receive a number starting with a 65xxxx.

B) Bonds: If you open your own brokerage you will have to have a surety bond. It is a ,000 bond that makes you a bonded broker. This bond, depending on your credit, can be paid in different ways. It can be paid in a lump sum or

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