On the other side, the freight broker gets a percentage in return for using the broker, support with administrative matters, insurance, and such.
So then what do the freight brokerage people/ companies do? –Well the most simple way to explain this is by saying that they are the people that find and mach those needing to ship cargo with those who can haul it.
In more exact detail, they are either a company or an individual who specializes in meeting up shippers with carriers in order to get the freight shipped.
They often negotiate prices, handle insurance, customs declaration and duties, and assist in the coordination of other logistical needs.
Therefore, all people involved in freight brokerage are required to be licensed by the Federal Motor Carrier Safety Administration (FMCSA).
About all of this and more, I will go into detail as you read on.
