What Exactly Does a Freight Broker Do?

The Role of a Freight Broker

• A freight broker serves as an intermediary between shippers and carriers in the complex shipping industry.
• They ensure cargo makes it safely to its destination by contracting available loads and finding acceptable rates within specified time frames.
• The broker is paid a percentage of total shipping costs by the company that contracts them to find a carrier.

How a Freight Broker Makes Money

• Freight brokers connect shipping and transport, taking 10-35% commission per load.
• More clients mean more earnings, with salaries ranging from $50,000 to $90,000.
• A broker connects shipping companies with authorized transport for the cargo.

Maximizing Broker Earnings

• Staying current and adapting maximizes broker earnings and competition.
• Challenges like competition and fuel costs exist, but technology helps streamline and serve clients better.
• Using systems and data helps brokers stay ahead and earn more.

Video Chapters:

1. How brokers turn profit
2. Key metrics measuring success
3. What brokers provide for their fees

The Purpose of a Freight Broker

• A freight broker connects shippers and carriers for moving goods.
• Building relationships and finding qualified carriers to haul loads is included.
• Rate negotiation balances what shippers pay and what works for carriers.