What exactly does a freight broker do?
A freight broker is a licensed property broker that uses its network of carriers to transport shippers' freight – and much more. This “much more” includes helping shippers to cut costs, move freight fast, and remove the demands of traffic management and carrier sourcing from its operations.
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.
Is freight brokering hard?
Taking freight broker training won't prepare you for the auto transport industry just as taking auto transport broker training definitely won't prepare you for the general freight industry. As far as difficulty goes, being a freight broker is hard work.
Is freight brokerage a good business?
The short answer is: Yes. Lets dive into why the industry is thriving. Todd Bryant of Bryant Surety Bonds lays out the facts in this article for JOC.com.