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Co-brokering is a legal practice used to ensure there is an available truck to transport freight. A 4PL may use a 3PL broker to match loads with trucks, with a shippers knowledge. The primary broker will take a lesser amount of the fee and the secondary broker will book the load for transport receiving a larger share of the same fee. [7]
Launched in July 2015, TruckLoads enables its users to quickly tap into available trucking capacity across all North American markets. The platform includes a mobile app for truckers that helps them find available loads and a web-based panel for freight brokers which they use to see nearby trucking capacity and post loads for moving. [31]
[29] [30] Traditional freight brokers acted as intermediaries to manage the coordination of freight, helping independent drivers or companies match loads with available empty trucks. Increasingly, computerized brokers are threatening the future of traditional human brokers by offering increased efficiency.
Once a broker is booked, the broker's job is to find a carrier, which is the individual or company that actually employs drivers and operates the car transport equipment. Brokers are employed because they have access to freight load boards, where they can post the job and find carriers that have transportation resources in the area. They can ...
Existing freight brokers with a USDOT, MC, or FF number could continue to do business until April 14, 2017 before they must switch to the electronic online URS system. [citation needed] A recent trend is for freight brokers to specialize in offering automated platforms to shippers so that they can tender their own loads. [4]
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).
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