The Real Story behind Freight Broker Business
The primary function of a freight broker is to perform the role of an intermediary between a business that requires shipping services and an authorized motor carrier. Although he or she plays a very essential role in the shipping process, a broker is neither the shipper nor the carrier of the cargo. A broker investigates the requirements of a shipper in order to establish a connection between the shipper and a carrier who will transport the goods at a price that is reasonable. Following that, the freight brokerage firm will be entitled to a commission for the aforementioned transaction. How to become a freight broker expert? Those individuals who are interested in working in the sector of brokering can obtain licenses from the FMCSA (Federal Motor Carrier Safety Administration). Having insurance is another requirement if you want to be allowed to work as a broker. In certain locations, in addition to having insurance, they could also be required to obtain surety bonds. Who