Category: Broker Tips

Broker Tips

The Role of Freight Payment in COVID-19 Recovery

The Role of Freight Payment in COVID-19 Recovery Their role in the supply chain makes freight brokers especially vulnerable to disruptions caused by the COVID-19 pandemic. However, these organizations are also uniquely positioned to shepherd the recovery of logistics and transportation. When freight brokers build more robust operations, the entire supply chain becomes stronger as

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Broker Tips

Understanding the Freight Payment Process for Freight Brokers

Understanding the Freight Payment Process for Freight Brokers To start with a definition, “freight payment” refers to the act of paying for transportation services. It sounds straightforward enough, given that a shipper must pay a carrier to haul its freight. However, the freight payment process can be more complicated for freight brokers. That’s because freight

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Broker Tips

5 Reasons Freight Brokers Should Trade Legacy Systems for the Cloud

5 Reasons Freight Brokers Should Trade Legacy Systems for the Cloud In 2020, Gartner analyst Balaji Abbabatulla predicted that most supply chain operations would migrate to the cloud by the end of 2022. As more brokers pursue solutions that support and integrate with the supply chain automation needs of partners and customers, it looks like he

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Broker Tips

6 More Accessorial Charges Every Freight Broker Should Know

6 More Accessorial Charges Every Freight Broker Should Know Carriers may add accessorial charges to invoices for services above and beyond transporting freight from point A to B. Freight brokers must account for these charges when connecting shippers and carriers. Otherwise, shippers may experience unexpectedly high bills. While you can’t always avoid accessorial charges, you

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Broker Tips

Follow These 6 Freight Payment Best Practices to Give Your Freight Brokerage a Competitive Edge

Follow These 6 Freight Payment Best Practices to Give Your Freight Brokerage a Competitive Edge What does it take to make a freight brokerage successful? Brokers juggle a lot, from maintaining excellent relationships with shippers to finding reliable carrier partners. But how a brokerage handles freight payment remains one of the most critical factors. While

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Broker Tips

How Freight Brokers Can Stay Liquid, Even in Tough Times

How Freight Brokers Can Stay Liquid, Even in Tough Times Even in the best of times, liquidity may pose a challenge for brokers. Freight brokers must often pay carriers before shippers pay them, which means the money goes out before it comes in. COVID-19 has made the situation even more difficult. Thanks to widespread volatility

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Broker Tips

Peak Season Is Here. Do You Have Trucking Capacity?

Peak Season Is Here – Do You Have Trucking Capacity? The pandemic upended global supply chains, and carriers were forced to reduce capacity to survive. The economic recovery is now underway — but so is peak season. While shippers are eager to move massive amounts of inventory, carriers have yet to shake the lingering effects

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Broker Tips

Fighting Fraud in Transportation

Fighting Fraud In Transportation There are legal risks of not separating carrier and brokerage operations when both reside under the same roof. The main purpose of MAP-21 is to prohibit motor carriers from brokering freight, and brokers from providing motor carrier services. The intent is to clarify that motor carriers need a separate broker authority

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