brokers Archives - Page 2 of 4

04/05/2022

Spot Freight Rates

While traditionally, spot freight is used to find rates for a last-minute shipment, it’s becoming a more common tactic that brokers, shippers, and freight carriers need to be aware of and understand. Technology has disrupted many industries worldwide, but most people don’t think about its impact on the freight and cargo industry. One of the

01/26/2022

Freight Broker Salary: How Much Do Brokers Make Each Year?

Unlike many salaried jobs in the United States, freight broker income is harder to determine. That’s because there are several ways a freight broker can be employed and get paid. The location also has a huge impact on freight broker salary. Looking online, freight brokers have a salary range from $42,926 (payscale.com) to $93,618 per

08/12/2021

Carrier Vetting: 7 Ways Brokers Can Verify Quality Carriers

As a broker, you probably already know how important it is to vet your carriers. You can be held liable if you hire a trucking company that is then involved in an incident while moving freight. When just starting out, you may not be sure of the best way to go about checking each carrier’s

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

07/08/2021

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