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DOT freight measure continues to improv...
Published:Wed, 09 Jun 2010 11:12:45 -0700
WASHINGTON The Freight Transportation Services Index (TSI) rose 0.3 percent in April from its March level, rising for the third consecutive month, the U.S. Department of Transpor......
Freight House Future...
Published:Tue, 08 Jun 2010 14:45:50 -0700
The future of Davenports Freight House has been uncertain for months. But now, the city hopes to make that future a little more clear, by taking over the establishment. Investors ......
Freight to Bounce Back Stronger Than Ec...
Published:Tue, 08 Jun 2010 00:05:10 -0700
Over the long term, freight is expected to grow at a stronger pace than the U.S. gross domestic product, said Paul Bingham, managing director of global commerce and transportation......
Waste on Freight Cars Gains Most Since ...
Published:Wed, 09 Jun 2010 08:52:49 -0700
June 9 (Bloomberg) -- If garbage is any indication, the U.S. economy is strengthening. The number of freight cars carrying waste jumped 45 percent in April and May from the same p......
Dedicated Freight Corridor to have 10 p...
Published:Tue, 08 Jun 2010 22:53:45 -0700
As many as 10 privately owned logistics parks will come up along the Dedicated Freight Corridor (DFC). This was informed by PN Shukla, director (operations and business developmen......
Freight Brokering

Below is a portion of our Transportation Guide:

Freight Brokering



Freight Brokering as a Business

1. Load life cycle

A load is defines as product that a shipper needs to move to a consignee. The shipper is also referred to as a customer ( your customer ). The consignee is the person receiving the freight/goods. Once you have obtained the business of ABC Foods, they will start to offer you certain loads. If you are to accept these loads, you will in turn sell the load to a carrier at a lower rate than you quoted the customer. Sound confusing? Just wait. Once you agree to cover the load for this customer, you start your search for a truck that wants the load. You then negotiate a rate with that truck. Once ya'll have agreed on terms, you will set that carrier up. They will send you their set up packet. It usually contains their MC # ( authority ), their insurance, w-9, and references. In turn you will send them your set up packet ( usually containing the same info ). After, and ONLY after, they have faxed back the signed broker/carrier contract ( this is a contract stating that they will not back solicit your customer for freight ), do you go any further. You never give out any detailed info on who your shipper/customer is until they have signed the contract. Once they have done that, you then fax them a rate confirmation ( explained later ). They sign it and fax it back. You now have that load covered.

2. Types of freight

The types of freight you can broker are endless. The most common are Flatbed freight, refrigerated freight ( reefer ), van freight, and auto hauling. Other types are;

oversized (wide load, extended, maxi, step deck, double drop, Less than truck load or ltl of any of these, and more), boats, household goods, government, logs/timber, and the list goes on.

Whichever you decide to get into, I recommend you do research and ask questions on that topic. I would say that the easiest, but most competitive is Van freight. Your van freight can consist of auto parts, dry foods, papers, plastics and more. It is the least likely to give any problems. When dealing with Reefer Freight, you have to worry about temperature control. Flatbed freight, you have to worry about straps, chains, tarps, and more. Then once you get into specialized such as oversized, boats, maxi, etc;, you have to worry about permits, escorts, and more.

Freight Brokering








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