[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.
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[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.
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[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.
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[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.
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[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.
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[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.
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