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Tuesday, January 25, 2011

Freight Brokers

A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier. Instead, a freight broker works to determine the needs of a shipper and connects that shipper with a carrier willing to transport the items at an acceptable price.
To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA). Freight brokers are also expected to carry insurance to protect both their business clients and their customers from loss. In many areas, freight brokers are required to carry surety bonds as well.
Freight broker services are valuable to both shippers and motor carriers. Freight brokers help shippers find reliable carriers that might otherwise be difficult to locate. They assist motor carriers in filling their trucks and earning money for transporting a wide variety of items. For their efforts, freight brokers earn commissions.                                    
  • The salary of a freight broker varies, depending on the company the freight broker works for, benefits, the stability of the industry and the experience level of the freight broker. However, on average, a freight broker can make about $39,000. The location where the freight broker works can determine the salary of the worker. For instance, a freight broker in Marietta, GA earns $41,000 on average, and a freight broker in Dayton, OH can earn $38,000 on average.

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