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…
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…
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…
Brokerage Careers: The transportation industry boasts many lucrative job opportunities. One of the best is in transportation brokerage. Careers in transportation brokerage have become an essential part of the industry as a whole. Transportation brokers connect carriers with shippers and receivers so the domestic and international transfer of goods goes…
Stock Broker License: You don’t have to earn a college to degree to become a licensed stockbroker, but you do have to take a series of exams before you can begin buying and selling securities. The Financial Industry Regulation Authority (FINRA) requires that all securities brokers pass the Series 7…
A bond underwriter is typically a department of a large insurance company that has several different lines of insurance. These people are in the business of checking for the likelihood that they will have to pay out money on behalf of one of their insured clients because of an accident…
A surety bond underwriter is a highly specialized profession. The minimum qualifications include a college degree, one year of underwriting experience and knowledge of insurance laws and regulations. Educational Level According to U.S. Bureau of Labor Statistic, most companies prefer beginning underwriters to hold a college degree in business administration,…
Freight brokerage businesses are critical third party service providers that help shippers find carriers for their merchandise. This service connection helps to ensure that after a company sells a product that they can get it to their customer, regardless of what the item is or where the customer lives. In…
Start a Freight Broker Business: The conventional freight broker is a middleman who operates in the interest of clients who desire the prompt delivery of goods to a specific location through shipping services that transport freight directly from the manufacturer’s warehouse. The basic function of this multifaceted service is to…
Truck Broker Business: The distribution and transportation of goods is a vital part of the U.S. business network. Trucks, which move things as varied as fresh produce and gasoline, comprise a large portion of freight transportation services. Truck brokers act as intermediaries between manufactures, distributors and wholesalers on one side…
A freight broker coordinates the transportation of goods from a manufacturer or seller to their customers’ locations. The broker links outgoing cargo with available trucks and must do so at a competitive price. He must know freight logistics and have a working knowledge of documentation needed for inter-state transport of…
Starting an auto hauling business will take quite a bit of capital or, if you have good credit, a substantial loan. Your main two pieces of equipment are a tractor and the auto hauling trailer. Depending on the type of tractor you purchase, you could spend upward of $100,000, and…
