Hwy Haul: Freight Broker Company: How Do They Help? (2024)

It is seen that not every shipper tends to have their own fleet nor everyone wants it. So, this arguably means they need to find freight carriers whenever they want the freight to move.This option can be quite enticing for businesses depending on their needs. But, it can sometimes get very difficult to find a capacity on short notice or reasonable rate.This is where freight Broker Company comes into play. They act as the mediator between the carriers & shippers to ensure freight movement is smooth.

So, if you are looking for a reasonable freight shipping quotes, then Hwy Haul can be an excellent option for you.They are highly experienced and they can even provide you with truckload freight quote.So, without wasting any more time, let us look about how freight Broker Company can provide assistance to you.

What Is A Freight Broker?

A freight broker is basically an individual or company who can efficiently handle all the load-moving processes. Other than this, they act as a point of contact for all kinds of transportation needs you might be having.Apparently, they are a mediator between the carrier & business to ensure that all the shipments arrive on time.The freight is moved by freight brokers through various transportation modes such as air, rail, LTL, truckload etc.The best part about them is that they can provide you with top-notch customer service. You can also access their network software systems.Lastly, they will help in negotiating the freight rates for you & your business.

Why Work With A Freight Broker?

There are a number of companies who tend to handle their shipping needs on their own. But, there are many who tend to choose a freight broker due to the benefits that they offer.Also, it is seen that freight brokers work tirelessly such that they can save the money of shippers.They do so by leveraging cutting-edge technology, extensive networks & good relationships with carriers such that best deals are offered.Other than this, they also help the carriers to keep the trucks full and hence they offer very competitive rates. Likewise, they save a lot of time for the shippers while ensuring that staffs won’t face trouble connecting with carriers. The freight broker also makes use of internal technology such that best rates are offered.One good aspect of freight brokers are that they like to build long-term relationships with their shippers.Hence, they choose carriers based on dependability & performance ensuring that the freight is in safe hands.There are also few companies that tend to rely upon freight brokers for their shipping needs. For instance, companies having small logistics department.

What Is The Role Of A Freight Broker?

  • Order Tender

In first stage transportation process, freight broker works with a company for scheduling a load. So, during the quote process, your company should provide all the information.

Some of the things that are included in quotes order are special event, standard shipment or particular order. Besides this, some of the other information your freight broker can ask are commodity types, handling conditions etc.

  • Load Scheduling

Once the correct information is provided, then the freight broker would enter the details in their TMS.With the help of the software, freight brokers can help you find experienced carriers who can make shipment for you.You can be assured that all the freight carriers would be licensed and have appropriate equipment to get the job done.After this, once the load is booked, then broker connects alongside with driver in order to discuss the handling needs.Lastly, they double check the information that is provided and schedule the delivery & pick-up.

  • Loading

Loading is considered as a very important step when hauling of freight is done. Further, brokers would stay in touch with you while ensuring that the driver doesn’t face issues during the transportation. Lastly, they will notify you regarding any kind of delays.

  • Transit

The freight broker would be connected with you & the carrier throughout the transit process. Further, a reputed logistics provider would have advanced tracking systems that will give complete visibility to your shipment location. Other than this, you would be tracking your shipment as well in an efficient manner.

  • Unloading

Once the unloading process is done, then carrier notes down the time of delivery. On the other hand, the Bill of Lading is signed by consignee.Besides this, the freight broker would wait for the paperwork to finish for sending you the invoice. This process is done when the documentation process is finished.

  • Billing

Lastly, the freight broker would send you the payment documents & invoice. These include rate confirmation, receipts & Proof of delivery.

Partnering With A Freight Broker

The process of partnering alongside freight broker is based on trust and you should choose an experienced company. Further, once the load is handed over to a freight broker, then they find a specific freight matching your requirement.In general, as a shipper, you might communicate with just a particular person of a freight broker. But, there are a number of people working behind the scene to ensure your freight is delivered on time.So, the job of a freight broker is to make you comfortable while understanding your expectations & transparent communication. A good freight broker would work alongside you to ensure all the deadlines are met in perhaps a transparent manner. Likewise, they will answer to all the queries that you might be having.

Final Verdict

If you choose a freight broker, then a lot of responsibilities & burden from your shoulders would be taken off. Further, they would handle all your transportation process from point A to B which includes payments.So, with a reliable broker such as Hwy Haul, you can assure that your shipping process would be smooth. Further, if you want a positive experience with a freight broker, then ensure to provide the correct information.You should provide all the information about your freight via their software systems. This will help in finding a suitable carrier who can move your shipment in the right way. Lastly, you can contact us through call or email to discuss about your next project.

Hwy Haul: Freight Broker Company: How Do They Help? (2024)

FAQs

What are the benefits of using a freight broker? ›

Should You Route Your Shipment With a Freight Brokerage? Partnering with a freight brokerage has the potential to become a great resource for your business. They remove the burden of finding the right carrier from your plate, provide flexibility to meet your needs and will certainly save you money in the process.

What are the responsibilities of a freight broker? ›

The key responsibilities of the freight broker include managing the client base, updating information, negotiating the best rates, preparing quotes, tracking hauled goods, managing the information flow between the shipper and the company, resolving problems and delivering goods to the final destination on time.

How do freight brokers make money? ›

Freight brokers make their money in the margin between the amount they charge each shipper (their customer) and what they pay the carrier (the truck driver) for every shipment. Although it varies from one transaction to the next, healthy freight brokers typically claim a net margin of 3-8 percent on each load.

What are the disadvantages of using a freight broker? ›

One of the biggest downsides to using a freight broker is not having total control over the shipment. Once the load is given over to the broker, the shipper's ability to manage that load may be hindered. Freight brokers must make money somehow. They do that by charging more for a load than they're paying the carrier.

What is the biggest advantage of a freight broker? ›

Probably the biggest advantage of using a freight broker is the efficiency. You get all the perks of a shipping department without having to search for equipment, paperwork or support in various locations. In fact, you don't have to handle training, audits and invoices at all!

Should I use a freight broker? ›

The most effective case for using a freight broker may be for new shippers who do not have knowledge of the process, or when there is a need for shipping but the carrier you are working with is out of capacity and booked up, then the network of carriers a freight broker provides can be of use.

Is freight brokering a good business? ›

Freight brokering can be a highly profitable business. Brokers typically earn a commission on every shipment they arrange, which can range from 10% to 30% of the total shipping cost. With high shipping volumes, the profit margins can be substantial.

What is the difference between a freight agent and a broker? ›

Freight agents are responsible for recruiting customers, finding carriers, and arranging freight transportation. Freight brokers can conduct all of the tasks that a freight agent is responsible for in addition to creating invoices, maintaining compliance standards, processing claims, conducting credit checks, and more.

What do you need to know about freight broker? ›

A freight broker is an intermediary (aka “middleman”) between shippers and carriers. Brokers don't own or transport freight; they oversee the transfer of goods, facilitate communication between parties, and ensure the merchandise arrives on time and intact.

What happens if a broker does not pay a carrier? ›

If a broker won't pay and has violated your agreement, you may be able to sue them for the amount they owe you. In other situations, you might hire a collection agency to collect your money for you.

What percentage do freight brokers keep? ›

According to a Freight Waves survey, the average commission is 13% to 15% of a load's net revenue. Example: A shipper pays $4,000 to a licensed freight broker to move a load. The freight broker negotiates $3,000 with the trucking company to transport the load, leaving $1,000 net revenue.

What happens if the broker doesn't pay? ›

File a complaint

The FMCSA National Consumer Complaint Database allows carriers to file complaints against brokers who have not paid them. This will give you another piece of evidence that you are pursuing actions against the broker for the payment and can bolster a collections case.

Do freight brokers get sued? ›

While freight brokers generally are not liable for cargo claims (i.e. loss or damage to cargo), there are several ways brokers can become liable for cargo claims. The primary ways a broker can become liable for cargo damage are: The broker agrees to be liable for cargo damage via contract with its customer.

How stressful is a freight broker? ›

Your work as an Independent Freight Agent presents a unique array of stresses. Perhaps the most challenging of them is finding a healthy work-life balance. With only 24 hours in a day, it often feels difficult to successfully juggle relationships, exercise, family, hobbies, and of course–work!

Is being a freight broker hard? ›

In a nutshell, being a freight broker is no walk in the park. If only we could rely on data analytics and all customers were identical, life would be easier. But with billions of tons of cargo being shipped across the US every year, we need to find a way to stand out from the crowd.

Why do shippers use freight brokers? ›

Their main objective is to match carriers and shippers in logistical alignment. Freight brokers assign shippers to carriers that meet their transportation needs while simultaneously meeting the carrier requirements, rules, and regulations.

Why do companies often use freight brokers? ›

Companies often use freight brokers for several reasons, including the fact that they may not have their own traffic department. A freight broker acts as an intermediary between a company that needs shipping services and an authorized motor carrier.

Why do shippers need freight brokers? ›

Shippers must allocate resources to handle tasks such as carrier sourcing, freight negotiations, shipment tracking, and resolving potential issues. By partnering with a freight brokerage company, shippers can offload these responsibilities and focus on their core competencies.

What is the difference between a freight agent and a freight broker? ›

Freight agents are responsible for recruiting customers, finding carriers, and arranging freight transportation. Freight brokers can conduct all of the tasks that a freight agent is responsible for in addition to creating invoices, maintaining compliance standards, processing claims, conducting credit checks, and more.

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