How to Identify Double Broker's | Freight 360

🚛 How to Spot a Double Broker in Freight Brokering 🚚
Double brokering has been a growing problem in the freight industry, particularly since mid-2022. In the first episode of this two-part series, Nate Cross from Freight 360 shares five crucial red flags to help brokers identify and avoid these bad actors before they commit fraud. From suspiciously high rates to mismatched contact info, learn the warning signs that can save your loads and protect your bottom line.
📢 Key Highlights:
-No Inspection History: Carriers without inspection records are a major red flag.
-Suspiciously High Rates: Rates that seem too good to be true often are.
-Mismatched Contact Information: Always verify contact details with the FMCSA.
-Business Addresses: Be wary of carriers using PO boxes or residential addresses.
-Community Reports: Utilize industry resources and broker networks to vet carriers.
📺 Stay Tuned: Don't miss next week's follow-up video, "How to Prevent Double Brokers," for proactive strategies to protect your business.
Subscribe, like, and hit the bell icon to get alerts for the next episode. Check out our Freight Broker Basics Course below to learn how to grow your brokerage successfully. #DoubleBrokerPrevention #Freight360 #FreightBrokerBasics
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[@Freight360]

If the profit seems too good to be true, you might want to think twice about using that carrier! That's one of the biggest red flags we've run into.

[@manuelalopez-sh4pt]

Also, no negotiation from carrier side is a RED FLAG!

[@dnell6854]

How can you confirm that they own the assets? Thanks!

[@Freight360]

Their are multiple tools out there like Highway, My Carrier Portal, and QuickScope. You can also verify with the insurance and Vin #. Shoot us an email at [e-mail] and we can discuss it more in depth.

[@dnell6854]

@@Freight360 okay Thanks

[@Freight360]

You're welcome

[@plmoreno]

Hey, what about when one broker pass the load to another broker? Because the previous broker has a lot of loads, And both of them are taking a piece of the same load ? I have seem that for years! Thank for the video!

[@Freight360]

Yes, this happens in co broker situations. However, even in those instances there isn’t a higher bill to shipper or lower pay to carriers. They’re splitting the same size pie 🥧. It’s typically done when another broker specializes in a specific niche or region.

[@dorsonhess4805]

It's not a carrier. It's a broker claiming to be a carrier to the original broker. Then they use there broker authority to book on truck stop or dat to a carrier they don't pay.