How a Freight Broker can Save Time and Money with Rendition Billing

Rendition billing saves a freight broker time and money by automating the invoicing process. A freight brokerage business with a decently-sized client base typically needs several people to handle its Accounts Receivable, Billing, Carrier Settlements,…

How a Freight Broker can Find Loads Using Transport Management Systems

If you are working in the freight industry, then you surely have come across the term “capacity crunch”. A capacity crunch is a situation wherein the number of shippers is extremely greater than the number of carriers, causing some carrier…

Benefits of Automated Invoicing for a Freight Broker

Invoicing is an important part of freight brokerage, as your profits are directly affected by how well you manage your invoices. Though several freight brokers still use the traditional model of invoicing, the majority of players in the industry…

Three Challenges to Overcome by Freight Brokers in 2017

Freight industry is one of the prolific yet untapped enterprises in the United States. That is why business owners and industry players alike consider the area as a greener pasture, because due to the inherently huge return of investment. Trucking…

Accounting Errors That May Sneak up on Your Bond Cost

Trucking industry may be a multi-billion dollar enterprise that promises opportunities for agents, brokers, and carriers to make a fortune. However, the industry is no exempt for uncertainties that may come out of fluctuating market forces,…

4 Ways the Change in ‘Hour of Service’ Affect Freight Brokers

The Hour of Service or most commonly known as HOS is a term used in the truck industry to describe the hours of operations of freight carriers or drivers to deliver hauls from one place to another. A change in regulation in determining hours…

5 Tips to Contemplate to Succeed as a Freight Broker

Transportation is a $1 trillion industry in the United States alone, exceeding growth annually and commanding other related industries. In fact, the trucking industry alone owns more than half of the portion with $600 billion share, adding 21%…

Startup Costs of Becoming a Freight Broker or Freight Agent

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There is growing interest in the freight industry and more and more people are thinking of starting a career as a freight broker. Before you go and start enrolling in a freight broker licensure exam preparatory course, you should first ask yourself,…

5 Bad Habits that can Ruin a Freight Broker

The best way to become a competitive freight broker is to minimize your costs by being smart with your spending while also maximizing your earnings by being as productive as possible. There are routines that improve productivity and those that…