What you'll learn
Responsibilities of a good freight broker
Tips to be a successful freight broker
Ways your freight broker lowers your transportation cost
How to run a profitable freight brokerage
How to choose the best freight broker for your company
Steps to get a freight broker license
Essential freight broker pointers
Freight broker software
Requirements
No requirement
Description
Freight Brokers are used by the industry to arrange for the transportation required by the shipping company. They act as a link between the shippers and the carrier companies or individual drivers. Most who start in the freight brokerage business think that brokering is trucking. This is common mistake that new brokers make. A freight broker derives a commission for their matchmaking skills. Freight brokers are also known as "truck" brokers, "transportation" brokers and "property " brokers. And the brokerage industry can span not only with trucks, but air, rail ( train) and ocean liners. Freight brokers then search for business, looking for distributors, manufactures, farmers and shippers who use freight broker services to ship their cargo and products through trusted motor carriers. A freight broker job is to approach them and try to identify their budget and delivery needs. Proving yourself as a trustworthy freight broker will create ongoing business with them, as a freight broker all you have is your integrity to market yourself to your clients. A freight broker needs to use good negotiation skills to complete a " competitive" transaction whereby everyone is satisfied.There are database of transportation profiles where freight brokers can search for new clients. To facilitate this process, the freight broker should have a strong relationship with the motor carriers. In other words, he collect from shippers and pay carriers, less his commission. Motor carriers can be the carrier company which run a large number of truck by hiring truck drivers or can be an independent truck driver knows as an owner operator running his own truck driving business. A freight broker works for commission that he gets for efficiently matching the shipper's load with the right carrier, who will charge a fair price for delivery.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 What is a freight broker
Lecture 3 Difference between freight forwarder and freight broker
Section 2: Responsibilities Of A Good Freight Broker
Lecture 4 A good freight broker make sure your freight is always insured
Lecture 5 A good freight broker chooses the right carrier for the job
Lecture 6 A good freight broker must convey all instructions to the carrier
Lecture 7 A good freight broker check the safety rating of each new carrier
Section 3: Tips To Be A Successful Freight Broker
Lecture 8 Gain experience in the industry
Lecture 9 Understand the business costs
Lecture 10 Follow licensing requirements
Lecture 11 Know the difference between a bond and trust
Lecture 12 Build business relationship
Lecture 13 Have a system for communication
Lecture 14 Use technology to your advantage
Lecture 15 Continuing education
Lecture 16 Market the business
Lecture 17 Put in the time and effort
Section 4: Ways Your Freight Broker Lowers Transportation Cost
Lecture 18 Consolidate using freight brokerage analysis
Lecture 19 Mode shifting
Lecture 20 Centralized transportation procurement
Lecture 21 Wrangling inbound transportation costs
Lecture 22 Becoming a shipper of choice
Lecture 23 Cost avoidance
Lecture 24 Time and workforce savings
Section 5: How To Run A Profitable Freight Brokerage
Lecture 25 Design the greatest business plan and also take advantage of smartphones
Lecture 26 Give freight management software a try/ be location aware
Lecture 27 Crowdfund your freight brokerage / proactive entrepreneur
Lecture 28 Reach out / identify a niche
Lecture 29 Never stop learning
Section 6: How To Choose The Best Freight Broker For Your Company
Lecture 30 Insurance / certification
Lecture 31 Carrier compliance
Lecture 32 Operational model / TMS technology
Lecture 33 Quality of service, reputation and year of service
Section 7: Steps To Get A Freight Broker License
Lecture 34 Consider some training
Lecture 35 Choose a business structure
Lecture 36 Apply for broker authority
Lecture 37 Get a surety bond
Lecture 38 Choose a process agent and register through the unified registration system
Section 8: Essential Freight Broker Pointers
Lecture 39 Advantage of being a license freight broker
Lecture 40 Challenges of being a license freight broker
Lecture 41 Freight broker license cost
Section 9: Freight Broker Software
Lecture 42 Freight broker software
Everybody, companies, individuals, transportation managers, freight brokers, logistics company's, business people, traders etc


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