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

What Does a Freight Brokers Do? [h2] What Does a Freight Brokers Do? [/h2] [p]A freight broker is someone who assists shippers with freight ready to haul by finding carriers who are qualified to haul the load.[/p] [p] They are responsible for brokering deals with shippers and then facilitating the movement of a shipper's freight. They are responsible for keeping a line of communication open with the carrier in order to update the status of the shipper's load.[/p] [p] Freight brokers can run their own business or work for a freight broker company. They are responsible for arranging the transportation and tracking of a load hauled by a freight carrier.[/p] [p]They make it easier for shippers to find quality carriers that are proven to be reliable in hauling a load. See, most shippers don't have the experience or time to determine if a carrier can perform the task. Sure, most trucking companies are consistent and deliver a load in a timely matter with nothing to dispute, but there are some bad apples that make it difficult to know with certainty. [/p] [p] Meanwhile, freight brokers help motor carriers potentially earn more by having readily available loads to haul. Availability and reliability are key components here. [/p] [p]The responsibilities of a freight broker are not limited to connecting carriers with shippers. They must communicate with both parties it represents as well as track the load and verify it's pickup and delivery. [/p] [h2]How Do Freight Brokers Make Money?[/h2] [p]A freight broker earns money by moving freight for less than his customer is willing to pay to ship the freight. This difference creates a profit for the freight broker known as the spread. They are paid x amount by a client to find a carrier to haul a load which they pay for y amount. The difference is what the freight broker earns. [/p] [h2] Freight Broker Salary[/h2] [p]A freight broker salary has a national average of $41,952 annually according to PayScale. Keep in mind this is a base salary average without any of the commission or bonus included.[/p] [p]Location will also play a tremendous factor in dictating freight broker salary. A freight broker in Dallas earns an average base salary of $55,000 where a freight broker in Kansas City earns $45,000. Freight brokers can earn upwards of $75,000 or more annually when the commission is added and that number can increase dramatically if you operate your own freight broker company. [/p] [h2] Broker Load Boards - How Brokers Find Freight Carriers[/h2] [p]Freight brokers looking to move freight need to find motor carriers who are available to haul a load. Broker load boards are used by freight brokers to connect with the desired freight carrier and are one of the easiest way to network and build a carrier base. [/p] [p]Using a load board such as Truckloads, freight brokers can quickly find qualified carriers who may be interested in hauling a load by posting the load details onto a load board and then contacting motor carriers who may be interested in the load. Time is money and the more loads a freight broker can move, the more they can earn, placing a premium on the use of load boards. [/p] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=blog&utm_medium=whatfreightbrokersdo&utm_campaign=nov22"]Try Truckloads for Free[/button-green] [video id="o_tsuJHWayo"]

Nov 22, 2017 • Brokers

Industry Update - April 12, 2019 <h5>By Jeremy Feucht</h5> <h3><strong><u>Did you Know?</u></strong></h3> The famous trucking movie “Breaker, Breaker” turned 42 this month. Released on April 1, 1977, “Breaker, Breaker” is still considered one of the top trucking movies of all time. <h3><strong><u>Trucking tip of the Week</u></strong></h3> With weather issues cropping up across the US, it worth noting to be careful using “Adverse Condition” if you run into trouble. Remember, if the weather has been predicted, adverse condition does not apply to extend your hours. <h3><strong><u>Declarations of Emergency</u></strong></h3> Oddly enough, even though many states are experiencing records amounts of rain, flooding, and some mudslides, particularly in northern Idaho and western Washington, the number of state declarations of emergency have been reduced. Do not assume just because an area has had a lot of bad weather that a declaration of emergency will be signed. Remember to check the <a href="https://www.fmcsa.dot.gov/emergency-declarations">FMCSA’s declaration page</a> regularly. <h3><strong><u>Truckers and National Security</u></strong></h3> The Transportation Security Administration is creating a <a href="https://finance.yahoo.com/news/trucking-rail-industries-advise-regulators-231605791.html">group of 35 voting members</a> from both the rail and trucking industries to help create regulations to protect surface transportation and the country as a whole. Of the 35 voting members, two members are from the ATA and another is from OOIDA. While it is suggested the groups will be working on national security type issues, there has no word on what issues they will directly address. <h3><strong><u>Technology</u></strong></h3> <a href="https://www.ttnews.com/articles/digital-dashboard-cameras-gaining-truckers-acceptance">Dash cameras have long been shunned</a> by the trucking industry for many reasons. With the invasion of privacy concerns, who can access the cameras, when and under what pretenses, there will always be worries about having them in the cab of the truck. However, truckers are beginning to buy into the idea more and more. A lot of this is due to the fact that insurance companies are rewarding those drivers that do install them with lower premiums. Another reason why they are being adopted is because fleet owners want to see what is causing poor driving habits. They can use this as a tool to adjust driver habits and to effectively manage their fleets.

Apr 12, 2019 • Carriers

Freight Contracts [p] Freight contracts are necessary for binding agreements between freight brokers and carriers. While they can be confusing, if you remain organized and follow these examples, you will better manage your freight contracts. [h2] Freight Contracts [/h2] [p] There are several different types of freight contracts encompassing the responsibilities and liabilities of both the freight broker as well as the carrier. In this instance, we will be focusing on the details of freight contracts and agreements between the freight broker and carrier.[/p] [p]Since the freight broker is representing the company who wishes to ship a load, freight brokers are required to have contracts and agreements with carriers which ensure that prior to the freight being hauled, there will be a certain rate paid, delivery within a specific time period as well as other verifications of the delivered freight. [/p] [h2] Broker Carrier Agreement [/h2] [p] A freight broker may negotiate a rate with a carrier before agreeing to freight contract terms and signing a Broker Carrier Agreement. Let's say a freight broker posts a load on a load board that needs to be picked up from Dallas and delivered to Kansas City. [/p] [p]The freight broker may offer to pay the carrier $1,000 but the carrier wants to negotiate for a higher rate. Eventually, the two parties agree that $1,300 is a fair rate and they wish to proceed. This is where a Broker Carrier Agreement comes in. [/p] [p] A Broker Carrier Agreement will include things like: [ul] [li] The Broker and Carrier's Information (including MC#) [/li] [li] Agreement Date [/li] [li] Days to Pay [/li] [li] Procedures for Invoicing [/li] [li] Liability and Insurance [/li] [/ul] [/p] [button-white href="https://truckerpath.com/uploads/2017/07/Model-Motor-Carrier-Broker-Agreement.pdf"]Broker Carrier Agreement Template[/button-white] [h2] Load Tender or Load Confirmation [/h2] [p] A load tender or load confirmation highlights the necessary details of the load for the carrier. The load tender form will include information like the address and hours of operation for the shipping location and consignee who will be receiving the load. It will also include the type of trailer used including the length, width, height, and weight as well as a description of the freight. [/p] [h2] Rate Confirmation [/h2] [p] A rate confirmation is an agreement of pay between the freight broker and carrier that is legally binding. A freight broker must provide a rate confirmation for the carrier to sign before proceeding. The rate confirmation portion may be included in the load tender form or included on a separate sheet.[/p] [h2] Accessorial Charges [/h2] [p] Although the parties may agree on a rate confirmation, there are circumstances when a carrier is entitled to additional payments. When a carrier performs specific tasks beyond the scope of the agreed pickup and delivery he or she is entitled to accessorial charges.[/p] [p] Accessorial charges can include things such as detention or wait time, the potential need for additional fuel, tarping, refusal of shipment, storage and other unexpected costs that could arise. [/p] [h2] Bill of Lading[/h2] [p] What is a bill of lading? A bill of lading (BOL) is considered a receipt for the delivery of freight by a carrier to a consignee. The bill of lading will have load details, the destination and time frame to deliver, as well as any special instructions. [/p] [p] The bill of lading is a legally binding document that is provided by the shipper or freight broker prior to the carrier hauling the freight. The carrier must have the bill of lading signed at the time of delivery as proof the freight has been delivered. [/p] [p] For an owner operator to use a freight factoring company and get paid sooner, he or she will need to submit forms like the bill of lading and rate confirmation in order to provide proof of work completed and the rate to be paid for the work. [/p] [h2] Truckloads Broker Load Board [/h2] [p] If you're a freight broker you rely on tools like load boards to find carriers and move freight. Our load board Truckloads has over 800 freight brokers posting loads for over 100,000 qualified carriers to view and includes unique features like freight tracking and truck searches. You can post loads via TMS and see how many times and which carriers have viewed a load. [/p] [video id="o_tsuJHWayo"] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=Blog&utm_medium=contracts&utm_campaign=Aug2"]Try Truckloads Free [/button-green]

Aug 02, 2017 • Brokers