Good logistics managers need sophisticated information systems to track and manage their material as it moves from factory to retail shelves. Increasing complexity and volume make information systems absolutely vital. There are many specialized software programs that help logistics workers know where their products are and when they are expected…
Logistics refers to the transportation of goods and merchandise raw materials or finished products from the point of production to the point of final consumption. Different modes of transportation like road, rail, water and air can be used for the effective management. Every mode of transportation requires a different set…
The trucking industry employs more than 10 million people in the U.S. and brings in well over $600 billion in gross revenues every year, 5 percent of the U.S. GDP. The trucking industry is dominated by a few big companies, but there are thousands of small businesses and independent truckers…
Insurance & Bond Requirements: Vendors that do business in cities and municipalities are typically required to provide evidence of having adequate insurance and bond coverage. This will need to be provided to the city, where you plan to do business, before you can start work or provide services in…
Fossil fuel helps produce cheap energy. Modern industries depend heavily on energy supplied by fossil fuels. In fact they are the backbone of the auto, steel and transportation industries. However, these industries will face the repercussion of the rapid depletion of the energy reserves. The common man will also be…
Transportation Brokerage: The shipping industry coordinates itself to transport goods across the globe. Transportation brokers are critical to facilitate this process. Efficient brokers work to reduce transportation costs for their clientele. Transportation brokers leverage personal connections to match suppliers needing to move goods with freight companies offering transportation. Transportation brokers…
Depending on what type of broker you are working with the commissions will vary. A stock broker commission will differ from a real estate, insurance or mortgage broker firm. However commissions are generally based on a specific dollar amount, whether it be the total cost to purchase stocks, a loan…
Domestic trucking is the most common way to transport products and materials throughout the United States. Ranging from fresh produce to project materials, or even hazardous goods, all LTL truckloads are subject to regulations imposed by the U.S. Department of Transportation. A LTL shipment takes place when a trucking company…
In the transportation industry, the terms owner-operator and broker are used commonly. Knowing the definitions of these jobs will help you better understand the logistics behind this industry. Owner-operators are truck drivers who own their own truck, have all of the appropriate licenses and permits, and do all of the…
Brokering freight from home can be a lucrative business for an entrepreneur. The process involves matching shipper loads to authorized carriers, for which you earn a commission. Running a freight brokering service begins with formulating a business plan and obtaining the requisite authorizations. Building a good network within the freight…
A lucrative career awaits those who work hard to obtain not just an insurance broker’s license, but also a wide array of knowledge and information through available local government-facilitated insurance courses and licensure training. The success of your career depends on your tenacity and skills, and the first step toward…
Forex Broker: As the popularity of Forex trading increases, more and more would-be investors will be looking to brokers to help them manage their investments. Here are a few tips for finding a broker that handles currency trading: Instructions 1 If you are completely new to investing, the first place…
Exempt Bonds: Municipal bonds are a type of bond that allow you to earn interest without paying any taxes on it. While this could be looked at as a major advantage for some investors, these bonds are not without a few drawbacks. The problems may be enough to keep you…
China’s trade industry is growing exponentially, especially the freight forwarding business. Many of China’s freight forwarders handle considerable amounts of freight volume within the country; however these companies are relatively unknown to the rest of the world. Finding a reputable freight forwarder in China is not as simple as looking…
A Freight Agent is responsible for organizing, tracking and billing cargo shipments of all kinds. The work involves coordinating with customers regarding goods to be shipped, method of shipment, special requirements for shipping, customs, tracking shipments, local pickup and delivery, and invoicing. Most freight agents are employed by freight brokers or…
The logistics officer in a clearing and freight company is the “go-to person” who knows the pulse of the transportation industry, the rates, how to get or make the best deals, what route a shipment must take for both maximum profit and minimum worry, and whether the shipment should go…
Freight Forwarding: A freight forwarder is a third party provider that plans the logistics, schedule, details and implementation of shipments from one location to the next. Logistics is the ability to smoothly and effectively organize the complex process of planning the flow, storage and delivery of goods and services from…
Freight broker: If you are a company that seeks to send freight to other parts of the country or around the world, finding a reliable carrier can be a problem. That is where freight brokers come in. With knowledge of the industry and contacts the broker can find affordable and…
The relative ubiquity of the Internet and the availability of extremely affordable online stock trading companies (such as Charles Schwab, Scottrade and Zecco) has upped the ante for what you should be able to expect from a stock broker. According to investment expert Jason Kelly, no one who knows how…
When you begin investing in the stock market, it is important to choose the right broker to handle your investment accounts. When comparing brokers, consider the capabilities of the brokerage company and compare this to the price of its service. Different brokers will be appropriate for people investing in different…
U.S. DOT A freight broker acts as an agent between a company with goods to ship and a carrier to transport those goods by truck. Brokers are licensed and regulated by the U.S. DOT Department of Transportation’s Federal Motor Carrier Safety Administration. Description Freight brokers arrange transport only. They do…
After the profession took on a negative image in the 1980s and 1990s an stock broker prefer to call “investment counselors” or “financial advisors,” but the job is very similar. At its core, the role of the stock broker is to execute the demands of their client or, at most, to…
Broker Dealer: Stock brokers are licensed agents who purchase various securities for individual investors or companies. In addition to purchasing securities, stock brokers can provide insight into the stock market for customers. Stock brokers work under a brokerage firm, usually with other stock brokers and trainees. Stock brokers are also…
A registered broker dealer is a financial professional that is registered with the Securities and Exchange Commission, or SEC, to buy and sell investment securities. If you have an interest in a financial services career, becoming a broker dealer helps you achieve that goal. Before you launch your career, federal…
An independent broker-dealer is legally authorized to sell securities and investment products without acting as an agent of a larger organization. The requirements for becoming a broker-dealer are more in-depth than requirements for salespeople or agents. As a broker-dealer, you can maximize your profit from all transactions by bypassing broker…
