Sep 27, 2017 • Brokers

Top 50 Freight Broker Companies

Top 50 Freight Broker Companies

Top 50 Freight Broker Companies

Freight broker companies specialize in moving freight that includes truck loads, air freight, and even rail. Freight brokers are responsible for finding truck load carriers to haul freight for their client’s.

Just how important are freight broker companies? Well, in 2016, trucks moved 10.42 billion tons of freight in America. Televisions, dishwashers, machinery, fresh produce, even homes – trucks do it all.

Top 50 Freight Broker Companies

The top freight brokers are based on the company’s net revenue, which also means those companies listed below are considered the most profitable freight broker companies.

Broker Load Board – Truckloads

Freight brokers can use Truckloads load board to post available truck freight in order to reach over 100,000 qualified carriers and use features such as truck search, making it easier than ever to find carriers to haul a load!

100k+ qualified carriers
Post loads via TMS, CSV or various other integrations
Confirm a carrier’s Safer Rating
See how many times a loads been viewed
Search for Available Trucks ready to haul now!

Best of all, Truckloads is FREE to use!

So what are you are waiting for? Start posting loads and find carriers today.

[button text=”Post to Truckloads” href=”https://ship.truckerpath.com/signup?utm_source=blog&utm_medium=topfreightcompanies&utm_campaign=Sept26″ width=”250px”]

TagsFreight Brokers

Industry Update - January 17, 2020 <h4>By Paul DeCoste</h4> <h3></h3> <h3></h3> <h3><strong>Did you Know?</strong></h3> This week, the Senate passed a <a href="https://www.ttnews.com/articles/senate-passes-usmca-trade-deal">new trade deal with Canada and Mexico</a> that will boost current American exports to those countries by $33 billion. The official 89-10 Senate vote gave us a rare example of bipartisanship in modern politics. Since this deal expands the amount of agriculture and manufacturing that needs to be transported, it will end up being great for the trucking industry. On top of that, this deal introduces new ways to eliminate fraud and counterfeit goods, allowing the digital sector of the American economy to flourish. <h3></h3> <h3><strong>Trucking Tip of the Week</strong></h3> <a href="https://www.truckersnews.com/gear/roaster-makes-in-cab-cooking-taste-homemade/">Cooking on the road?</a> RoadPro’s new portable roaster makes it easy to cook delicious meals right in your cab. The roaster plugs into any 12-volt power outlet and can accommodate glass baking sheets or reusable aluminum baking pans. <h3></h3> <h3><strong>Startup Technology</strong></h3> <a href="https://www.freightwaves.com/news/toyota-invests-394-million-in-flying-taxi-startup-joby-aviation">This startup company is reinventing the way we think about commuting.</a> <h3></h3> <h3></h3> This week, Joby Aviation received a $394 million investment from Toyota. Joby Aviation is working to create a flying taxi that can hit top speeds of 200 mph and run off a battery charge for over 150 miles. In addition to the capital that Toyota has invested, Joby has raised a total of $720 million to make their transportation solution practical for the masses. Although most of the information about this VTOL aircraft is kept secret, pictures prove that it consists of six rotors and has five seats inside the cockpit. <h3></h3> <h3>Combating<strong> Human Trafficking</strong></h3> Susan Collins, along with 7 other members of Congress, <a href="https://www.ttnews.com/articles/susan-collins-7-other-lawmakers-recognized-combating-human-trafficking">was recognized for her legislative efforts</a> to reduce human trafficking throughout the nation. Over the past few years, Senator Collins has supported legislation that targets online forums that solicit human trafficking. She recently helped pass the “Runaway and Homeless Youth and Trafficking Prevention Act of 2019” legislation. <h3></h3> <h3>Tire Thieves Caught</h3> <a href="https://cdllife.com/2020/texas-couple-sentenced-for-semi-truck-tire-theft-conspiracy/">Joel Vargas, 34 and his wife, Angelica Vargas, 39</a>, were recently sentenced to 235 months and 60 months, respectively, in federal prison for robbing more than 100 tire stores over a 15-year period. They continuously targeted commercial tire businesses and stole numerous amounts of rental vehicles to carry out their jobs. They are part of a multiple-person conspiracy which ended with the convictions of five other individuals.

Jan 17, 2020 • Carriers

Trucker Path integrates with McLeod TMS [p]Trucker Path Truckloads has integrated with McLeod TMS to provide more efficient freight posting.[/p] [p]Trucker Path, creators of America’s most popular apps in the trucking industry, announced that its freight-matching marketplace Truckloads is now integrated with McLeod TMS Software – an advanced transportation management software for carriers, brokers, and shippers.[/p] [quote]“The integration of the McLeod Software system within Truckloads allows our mutual customers a simplified upload process to display their freight for the hard to reach over-the-road drivers that depend on mobile technology to find available loads,” said Leigh Foxall, Vice President of Sales at Trucker Path.[/quote] [p]With this integration, McLeod users can post freight directly to the Truckloads platform through the McLeod TMS where over 85,000 qualified carriers in Truckloads can access them.[/p] [quote]“McLeod Software is always in search of ways to make the process of offering loads to carriers more streamlined and efficient,” said Robert Brothers, Manager of Product Development at McLeod.[/quote] [quote]“For this reason, we believe the Truckloads platform will be a perfect fit with our software. Partnering with Trucker Path will keep us more intimately connected with our customers’ needs.”[/quote] [img src="https://truckerpath.com/uploads/2017/04/truckloads-mockup-computer-1.png" alt=""] [p]Publicly released in March 2016, Truckloads freight platform is available on both web and mobile via the app which has over 300,000 installs across iOS and Android devices – the most of any mobile load board app. Truckloads features over 2.5 million monthly loads and its network of carriers, brokers, and shippers have experienced a steady 20 percent monthly growth rate.[/p] [quote]“The innovative Truckloads freight platform, allows companies to post freight without paying a monthly fee, contributing to its success as the fastest growing load board in the industry,” Foxall said.[/quote] [quote]“This new integration is significant in providing greater efficiencies for McLeod users, furthering Truckloads advancements compared to its competitors.”[/quote] [p]Carriers and brokers can use Truckloads network free of charge, with customized freight searches for carriers including eight different filtering criteria, unlimited access to premium loads as well as the ability to view a broker's’ credit score and days to pay. Mobile Truckloads users can make calls inquiring about a load directly from the app.[/p] [p]Carriers can also receive push notifications sent directly to their mobile devices when new loads match their criteria. Meanwhile, brokers can easily access information on the number of times a specific load has been viewed by a carrier to assist in moving freight faster and more efficiently.[/p]

Apr 13, 2017 • Brokers

Freight Factoring Fees [p]Some companies will charge freight factoring fees compounding the actual factoring cost for your trucking company to factor a load. [/p] [h2] Freight Factoring Fees [/h2] [p] Review the fine print of freight contracts and understand the factoring fees that sneaky freight factoring companies sometimes have hidden from the advertised factoring rate. [/p] [p]Freight factoring can be a great tool to streamline your cash flow and grow your business as it eliminates the wait to get paid for owner-operators. However, some factoring companies have contracts with complicated jargon and disclaimers hidden in the fine print. [/p] [h2] Hidden Costs and Factoring Fees [/h2] [p]Sometimes a factoring company will advertise a great rate, far lower than any competitor. It's a perfect scenario for you, right? Well, not exactly. [/p] [p]Those rates that seem too good to be true are typically just that. Although a low rate is optimal, the associated factoring fees that you will incur in addition to the rate can balloon the overall cost for you to factor. [/p] [video id="IBCMtru_QMQ"] [h2] ACH Transfer Fee [/h2] [p]ACH Transfer fees can be issued each time you factor and range from $10 to upwards of $25 depending on the type of transfer or deposit. This cost can surely add up over time and frankly, it's ridiculous for to you to pay a fee just to receive your money. [/p] [h2] Minimum Volume Fee [/h2] [p]Often times a factoring company will require you to commit to factoring a minimum volume of invoices. Failure to meet the agreed minimum amount can result in extra fees or a percentage surcharge. Take into account your typical invoice amounts and calculate if you will have an issue trying to meet the minimum requirements. Keep in mind not all factoring companies have this policy or fee. [/p] [h2] Client's Credit Check Fee [/h2] [p]Although your credit is not taken into account, your client's credit is. The creditworthiness of your client must meet a certain standard for certain factoring companies before they agree to factor your invoices. That's right, some companies will charge you a fee for that credit check. [/p] [h2] Length of Terms [/h2] [p]You might decide to factor for a variety of reasons. Unavoidable circumstances might arise making it difficult to cover your operational costs. Truck repairs are extremely costly and unpredictable at times, especially for owner-operators and having a reliable truck that is fully functional is essential to your business. If you run a small fleet, wages, insurance, and taxes further compound your expenses. [/p] [p]This brings the length of terms to factor into play. Most factoring companies offer three to six-month term agreements to factor with some even require one-year contracts. It's important that you review and consider your options when considering the length of terms.[/p] [p]Be sure to choose the best fit for you. If you're confident that you won't be factoring for an entire year or that you want to explore other options after a few months, you should consider factoring with a company that doesn't have a minimum length of terms agreement. [/p] [h2] Termination Fee [/h2] [p]Let's say you have been factoring with a company for six months now. You have received payment days after hauling a load and it's been beneficial in helping you generate cash quicker to cover your expenses. Now you have ample funds and decide that you don't need to factor for the next few months.[/p] [p]The factoring company won't let you out of the contract because you agreed to factor for a certain length of time. In order for you to stop factoring, you have to pay a fee up to $1,000. [/p] [p]That's ridiculous, right? [/p] [giphy] <iframe src="https://giphy.com/embed/KE58LJF3k8jug" width="480" height="426" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/roger-KE58LJF3k8jug"> [/giphy] [h2] Choosing a Freight Factoring Company [/h2] [p]The list of factoring fees can be costly and limit your trucking company's ability to sustain a stable cash flow. [/p] [p]Before choosing to do business with a factoring company, you should take into account these potential hidden costs and fees in the fine print of a contract. Freight Factoring helps manage your trucking company's cash flow and takes the hassle away from client collections, allowing you to focus on growing your business and hauling more freight. [/p] [p]You shouldn't feel that you are being fleeced by an unusual amount of fees that you weren't aware of or deal with. <strong>Trucker Path InstaPay</strong> is freight factoring that pays you in a day with no hidden costs, fees, minimum commitments or contracts with pages and pages of fine print to sift through. [/p] [button text="LEARN ABOUT INSTAPAY" href="https://truckerpath.com/sign-up-instapay/?utm_source=blog&utm_medium=factoringfeesAug29" width="250px"]

Aug 29, 2017 • Carriers