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07/22/2021

Broker researching carrier insurance monitoring

A Freight Broker’s Guide to Carrier Insurance Monitoring

As a freight broker, you are the go-between for shippers and carriers. You might already know that it’s important to require proof of insurance during the carrier selection process. But did you know that even if you have a carrier’s certificate of insurance on file, you might be still be held legally responsible if something

07/14/2021

A Broker’s Guide: How to Automate Carrier Onboarding and Monitoring

In the broker industry, carriers are more than the people who move products safely on a deadline. As part of your transportation team, they’re also an extension of the services you, as the broker, provide to your clients. An honest, trustworthy, qualified carrier can go a long way to growing and maintaining your reputation among

07/08/2021

Broker-Carrier Agreements: Everything You Need to Know

On any given day, freight brokers work with shippers of all types to pinpoint capacity and rates, use load boards to find qualified carriers, and handle mounds of documentation and paperwork. One of the most important pieces of paperwork is the broker-carrier agreement. Once you’ve found a driver to haul your shipper’s freight and both

07/02/2021

Carrier Sourcing: 5 Ways Brokers Can Increase Capacity

As a freight broker, a key part of your job is to continually ensure you have enough carrier capacity to manage your loads. The better you get at carrier sourcing and maintaining those trusted relationships, the higher percentage of loads you can cover and the more money you can make each month. But carrier capacity

07/01/2021

Accelerate Carrier Onboarding Without Cutting Corners

When it comes to your freight brokering business, what keeps you up at night? Is it finding qualified capacity so you can cover more loads and increase your profitability? Given today’s exceedingly tight capacity and ongoing carrier shortage, it’s no wonder. According to ATA, the trucking industry today needs more than 1.1 million new drivers

06/07/2021

Conditional Rating – Are They Strangling Your Carrier?

Your FMCSA review will involve the examination of “factors” determining your compliance with the regulations. The focus point for a satisfactory review is “documentation.” You may have done what you considered to be the necessary steps to comply but if you failed to document your processes, it will not appear to the inspector that you

05/18/2021

9 Factors That Drive LTL Shipping Rates

Trucks transport more than 11 billion tons of freight each year in the U.S. That is more than 3 million tons shipping every day of the year. While most trailers are hauling full truckloads (FTL), less than truckload (LTL) freight shipping accounts for as much as 10% of industry revenue. LTL freight shipping works well

05/13/2021

Freight Broker Business Plan

As the name implies, a freight broker serves as the link between freight shippers and carriers. As a freight broker, you will receive requests from companies that need goods shipped and match them to carriers for transport. But how do you make that happen? How do you take your freight broker business from an idea

04/29/2021

owner operator salaries: how much do they make?

3 Ways to Increase Freight Broker Commission

Many freight brokers are paid on commission. To figure out your take-home pay, it’s important to understand how the freight broker commission structure works, and what determines how freight brokers get paid. Freight broker commission is calculated on the gross margin (total charged to the shipper minus the amount the carrier is paid) of a booked

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