follow site In the business of Freight brokerage, there are several things that have to be laid out before you can jump start your business. There are several ways of working in the industry. One is to become a freight broker, while the other is to become an agent for a freight broker. In order for you to determine which of the two positions will work for you, you must first know the definition of each position.
As a freight broker, you and you alone have the operating authority issued by the Federal Motor Carrier Safety Administrator or the FMCSA. As a freight broker, you fulfill a crucial role in the movement of freight as the missing link between carriers and shippers. You intermediate in the negotiation of good shipping rates and fast deliveries from different transportation companies and connect them with several business that has a need for the transportation of goods, shipments, and cargo so that the carriers can maximize their load outputs.
You also have the responsibility of tracking freight and keeping thorough records of pickups, deliveries, and other vital information during the shipping process. Since you will also oversee the legal part of the transportation, then you need to be an expert in shipping regulations and procedures.
You will also hold the Surety bond in place and assigns credit to potential shippers and pay both the carrier and the agent. Additionally, you have the fiduciary responsibility of running the Freight Brokerage.
Projected Job Growth (2014-2024): 7% growth
Key Skills: Listening skills, clear speech, critical thinking
As a Broker, you are the one who is responsible for verifying that each step of the transportation process occurs, so that the freight arrives safely to its final destination. To become a freight broker for trucking and transportation means to take responsibility for a vital part of the shipping process.
As a freight agent, you work under a freight broker, who is generally the one who runs the business. Your responsibilities as an agent differ to those of a sales agent, calling different shippers and carriers and offering your business to them. You will not be responsible for anything other than maintaining your own home office, which would need a computer, a good phone service, high speed internet, and/or a hard copy fax machine if required by your broker.