If you’re considering a career as a trucker, you may want to rethink those plans. But what if you like the trucking industry? A career as a freight broker may be the better option. What Is a Freight Broker? A freight broker is a middle man between a trucker and…
Definition of a Freight Broker – A freight broker is a company or individual who acts as a middle man between the transport service provider and the customer. Freight brokers do not actually provide the truck or the shipping, but instead they provide essential services that will help the shipper identify…
What is a Freight Agent? A freight agent is an independent contractor who helps connect shippers with carriers willing to haul the freight. A freight agent works for a freight broker and plays a crucial role in the movement of freight, as a customer-facing salesperson of sorts who has to…
The Right Brokerage could Triple your Earnings! A freight broker is a key employee in the logistics operation of any company doing a significant portion of their business in shipping and delivery. The broker typically uses a variety of computer software to help he or she efficiently schedule freight deliveries…
You should take into your consideration when establishing a credit policy the factors that will be the standard practices in your line of business. It is most common in many businesses that customers with 30-day payment terms. In spite of the fact that you are not obligated to accept terms…
ELDs have caused quite a bit of controversy this past year; however, experts are saying that the mandate has shined a light on HOS and detention causing a tighter collaboration between carriers and shippers. ELDs are Allowing Carriers and Shippers to collaborate. Now that the industry has ELDs, people can more…
Extending credit to shippers, the credibility of information, efficiency of communication and control plays a vital role in managing credit in your small business. Before you can even begin to think about granting any kind of credit terms, it is essential that you research and get the correct information you…
The fuel surcharge must be included separately on the rate confirmation sheet and you must never levy any commission for this amount. It is better to have a detailed rate confirmation with all the overheads like the line-haul rate, the paid miles, the tarp pay, additional stops & fuel surcharge….
A spot quote is a group of rates for a month. It is calculated based on the current market and it is done without a contract. So the spot quote is a rate quote for an individual Line Haul. So you should start talking to carriers who run this line…
1. Determine the weight and center of gravity location for all of the components and items to be considered. 2. Multiply the center of gravity distance times the weight to get the moment for each component and item. 3. Add all of the moments and divide by the wheelbase to…
Dry Van – Box Trailer Freight trailers (also called dry vans or simply “boxes”) are designed to carry virtually any kind of boxed, crated, or palletized freight. Configurations Standard lengths: 28’, 32’, 36’, 40’, 42’, 43’, 45’, 48’ and 53’. Standard widths: 96”-102” Maximum weight loaded: 46,000 lbs. Standard heights:…
All brokers must comply with all the requirements of the regulations in 49 CFR §371. These regulations require records to be kept and apply to how you conduct business. The FMCSA encourages you to familiarize yourself with these regulations; you can access them on the FMCSA Web site at www.fmcsa.dot.gov….
The rules governing applications for operating authority are stated in regulations, 49 CFR §§365 and 366. The process to obtain operating authority as a broker begins with FMCSA’s application for Motor Property Carrier and Broker Authority Form (OP-1). Becoming a freight broker requires the applicant to submit three (3) forms…
As a leader in the online freight broker training industry, Freight Brokers Course.com has developed a Freight Brokerage License school for students to become independent contract agents or freight brokers. You can study anywhere at any time with our cutting edge Learning Management System. Register Today and start learning Instantly! Become…
A freight forwarder is a person or entity that holds itself out to the general public as providing transportation of property for compensation and in the ordinary course of its business: Assembles and consolidates, or provides for assembling and consolidating, shipments and performs or provides for break-bulk and distribution operations…
Freight Brokers are used by the industry to arrange for the transportation required by the shipping company. They act as a link between the shipper and the carrier companies or individual drivers. Most who start in the freight brokerage business think that brokering is trucking. This is the #1 common…
A brand-new, tech-focused shop focusing on cross-border freight into Mexico and Canada. With their investors’ backing, Silver and Salins founded Forager Logistics this past November and started moving freight in the past two weeks.Matt Silver “grew up” at Coyote Logistics, the brokerage his father Jeff Silver founded in 2006 and…
The Nevada Freight Broker Bond is evidence of financial dependability and fluidity. It is a manifestation of access to liquid assets in complying with commitments and meeting prospective claims. It is also a guarantee that when matching accredited and dependable transport carriers to shippers’ needs, the standards of ethical freight…
It’s time for the New Years resolutions for brokers in 2019! 1. Always be prospecting. Most brokers don’t prospect enough, while the best brokers prospect constantly. This year, make prospecting the first and last thing you think about when you get to the office, with these 7 ideas for better prospecting….
As we near the end of 2018, I spent some time reflecting on what I think is likely to occur in several key issues and areas of our industry in the coming year. (Fleet Management). Driver shortage: This will continue unabated. Some fleets are starting to put other kinds of incentives…
In the last week before Christmas, carriers make plans to get their drivers home for the holiday. It’s one of the only days of the year that most carriers guarantee their drivers hometime, and they generally make every effort to keep their promises. This nationwide repositioning has a significant effect…
A good-hearted family steps in to save the Magical Christmas Caroling Truck, a holiday ritual in North Hollywood, Toluca Lake and Burbank. For the area, the family was ‘pretty much saving Christmas.’ A quirky tradition that blasted Christmas cheer through North Hollywood, Toluca Lake and Burbank was almost stopped in…
African-American Founder Launches Technology Transportation Startup in Florida: Golden Freight Brokers provides businesses with dedicated account managers that screen and select the best carriers to move their freight. They ensure that shippers are receiving the best price and the best service. The company is currently headquartered in Homestead, Florida. They…
Automation Earn Digital Freight Broker: Loadsmart’s technology works to bring shippers and carriers together more efficiently in the highly fragmented freight industry. “When we started the company, only about 25% of the drivers had smartphones. Even today, most of the brokers depend on email and phone calls to move freight,”…
How is 2018’s peak season shaping up compared to 2017? Christmas comes early for most freight brokers , as we’ve pored over freight market data, we’ve learned that sure, 2017 was unusual (capacity shocks and elevated volatility), but so was 2018 (elevated volumes, suppressed volatility). While year-over-year comparisons are intriguing…
