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Old 09-25-2013, 09:35 PM   #1
FadeToblack
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Anyone a shipping broker?

Have a buddy who started working for one of the major firms about 3 years a go.

Mind was blown at how much $$$ he is bringing in. (from what he says)

Anyone in the biz?
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Old 09-25-2013, 09:40 PM   #2
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How many times per day is your mind blown?
What sort of money is mind blowing to you?
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Old 09-25-2013, 09:49 PM   #3
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Anyone a shipping broker?

I have a friend who is a freight broker I worked with him a few days, he was doing 5-10+ deals a day I think he made 5-15% of the deal, I can't remember but it was maybe a few grand a day on a better day and maybe a few hundred on a slower day, wish I would have stuck with that job hook up


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I road in my buddies with 350hp and he switched highways at wot scared tge piss out of me felt as fast other bodies 500hp supra awesome car they are rare hopefully they will bring them back rx8s r ok but I don't like tge rear doors and odd shape and lackbof turbos
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Old 09-26-2013, 01:46 AM   #4
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Once you're in the business, the money that you make is potentially huge. You need the right deals, at the right time. Right now, freight is cheap because of the slump in the world markets. Currently, it is cheaper to moor the vessel and maintain it than it is to load and sail. The downside risk is that when sh1t goes bad, it goes really bad and there can be disagreements between brokers / owners / charter parties etc that can cost you everything. If you genuinely learn the trade it is almost guaranteed you will make money.

If you have the money to invest, go buy a vessel in anticipation of the predicted turn around in the market. Set up a JV to charter the vessel to your friend who will broker the freight. The cashflow itself will astound you and allow you to access finance / credit such as you have not experienced before. With what you will net in 3 years you can buy several more apartment blocks in cash such as the one you currently are paying off
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Old 09-26-2013, 04:00 AM   #5
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i am interested in knowing more about this...
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Old 09-26-2013, 04:32 AM   #6
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I needed a freight quote earlier so I called roadrunner directly, they quoted me $400~ for 2 pallets. Found a broker company online and they quoted me $800 with the same exact shipping company

Same goes with insurance, I needed workers comp in california and a broker quoted me $600/year. After a few phone calls I found out the direct company that offers the insurance and it was half the cost. Big bucks come from larger corporations dealing with brokers for the peace of mind, hence the large commissions & benefits
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Old 09-26-2013, 08:21 AM   #7
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This is relavant to my interests...
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Old 09-26-2013, 08:24 AM   #8
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How many times per day is your mind blown?
What sort of money is mind blowing to you?
f2b threads:

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Old 09-26-2013, 09:43 AM   #9
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what the hell is a shipping broker?
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Old 09-26-2013, 09:45 AM   #10
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what the hell is a shipping broker?
Im not 100% sure if this is what he is talking about, but I think the correct term for "them" is freight forwarder. Im actually looking at a few right now for shipping my Jeep to Iceland. Basically you tell them what you need shipped and where, and they find the best deal for you, instead of you trying to call 1000 shipping companies yourself.
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Old 09-26-2013, 09:48 AM   #11
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Im not 100% sure if this is what he is talking about, but I think the correct term for "them" is freight forwarder. Im actually looking at a few right now for shipping my Jeep to Iceland. Basically you tell them what you need shipped and where, and they find the best deal for you, instead of you trying to call 1000 shipping companies yourself.
This. But on the scale of small to medium sized companies that don't have in-house shipping services use shipping brokers to move product around.
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Old 09-26-2013, 09:53 AM   #12
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Im not 100% sure if this is what he is talking about, but I think the correct term for "them" is freight forwarder. Im actually looking at a few right now for shipping my Jeep to Iceland. Basically you tell them what you need shipped and where, and they find the best deal for you, instead of you trying to call 1000 shipping companies yourself.
Details on that trip
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Old 09-26-2013, 09:56 AM   #13
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I have a friend who is a freight broker I worked with him a few days, he was doing 5-10+ deals a day I think he made 5-15% of the deal, I can't remember but it was maybe a few grand a day on a better day and maybe a few hundred on a slower day, wish I would have stuck with that job hook up


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Speaking of mind blown...
A waiter makes 15% - 20% in tips.
In many cases, that's more than the restaurant owner makes in net profit (after taxes and other expenses), without the risk.
Go be a waiter.
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Old 09-26-2013, 10:51 AM   #14
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Details on that trip
It's in the infancy stage of planning, but Iceland is one place I have always wanted to go, and seeing it with a 4WD rig, camping out, etc are the best ways to see it. I won't see 80% of Iceland if I just fly there and rent a car.

Just a small preview of things to do/see

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Old 09-26-2013, 11:11 AM   #15
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It's in the infancy stage of planning, but Iceland is one place I have always wanted to go, and seeing it with a 4WD rig, camping out, etc are the best ways to see it. I won't see 80% of Iceland if I just fly there and rent a car.

Just a small preview of things to do/see


Awesome trip idea. I've been to Iceland once, and you basically stick around Reykjavik for most things. What's the average cost to ship a vehicle to and from? Are there no outfitters to rent from there, I guess?
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Old 09-26-2013, 11:20 AM   #16
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It's in the infancy stage of planning, but Iceland is one place I have always wanted to go, and seeing it with a 4WD rig, camping out, etc are the best ways to see it. I won't see 80% of Iceland if I just fly there and rent a car.

Just a small preview of things to do/see

That's a nice vacation.
But how do you find the time?
I thought you're opening a restaurant... how's that idea coming along?
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Old 09-26-2013, 11:22 AM   #17
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Here, you can join all the other tools in the comments section on this site who have no idea what they're doing.

http://www.entrepreneur.com/article/37928
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Old 09-26-2013, 11:40 AM   #18
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Awesome trip idea. I've been to Iceland once, and you basically stick around Reykjavik for most things. What's the average cost to ship a vehicle to and from? Are there no outfitters to rent from there, I guess?
There are, but its incredibly expensive (probably still less than shipping my rig over) and it's not your own. I will most likely turn it into a Iceland+Europe trip to get my money's worth. So far I have gotten quotes from 2000-4500 each way. Shipping to Denmark (a busier port with more freighters headed for it) is less, but I would need to spend some money to hop a ferry from Denmark to Iceland.
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Old 09-26-2013, 11:44 AM   #19
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That's a nice vacation.
But how do you find the time?
I thought you're opening a restaurant... how's that idea coming along?
Generally I take one major trip a year, with a few more little ones. I put the opening my own restaurant on hold for a little while, as I'd like to enjoy life with my kids, and opening my own restaurant will basically enslave me to myself. Im doing some consulting work now, which keeps my schedule as busy or empty as I'd like, so I have the time to actually live a little. For the last 15 years, I have been working like a horse, nonstop, and have missed out on a lot, chasing something I thought I wanted but in the last few years, I realized I've been chasing the wrong dream. Im now looking to slow down, hopefully move out of the NE and into Colorado, disconnect from the rat race, and enjoy life. This fast paced city life isn't for me.
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Old 09-26-2013, 12:19 PM   #20
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Once you're in the business, the money that you make is potentially huge. You need the right deals, at the right time. Right now, freight is cheap because of the slump in the world markets. Currently, it is cheaper to moor the vessel and maintain it than it is to load and sail. The downside risk is that when sh1t goes bad, it goes really bad and there can be disagreements between brokers / owners / charter parties etc that can cost you everything. If you genuinely learn the trade it is almost guaranteed you will make money.

If you have the money to invest, go buy a vessel in anticipation of the predicted turn around in the market. Set up a JV to charter the vessel to your friend who will broker the freight. The cashflow itself will astound you and allow you to access finance / credit such as you have not experienced before. With what you will net in 3 years you can buy several more apartment blocks in cash such as the one you currently are paying off
The guy I know does semi truck brokering. No ships...i dont think.
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