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An auto transport broker is a type of cargo broker that specializes in the shipping and transportation of vehicles. Most vehicles shipped in the U.S. are cars and trucks, but many brokers handle boats, RVs, motorcycles and other types of vehicles as well. Auto transport is classified as "specialized freight trucking" under NAICS code 484230.
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]
FreightCenter is a privately owned, non-asset based 3rd-party logistics provider (3PL) with headquarters in Palm Harbor, Florida, United States.FreightCenter acts as a conduit between freight carriers and commercial or residential shippers located in the United States and Canada.
The DAT Network hosts more than 400 million freight loads and trucks per year. [6] The network consists of several load board subscription services for small to midsize carriers, freight brokers, and shippers. [1] [7] DAT provides a real-time truckload freight rate service. This is based on $150 billion of transactions annually, from actual ...
As of 2023, TQL was ranked the second-largest freight brokerage firm in North America by Transport Topics magazine, posting $2 billion in net revenue off gross revenues of $8.8 billion. [12] TQL has 56 offices in 26 states with more than 9,000 employees. [13] TQL has been ranked a Greater Cincinnati Top Places to Work 12 times.
Trailer Bridge was founded in 1991 by Malcom McLean, who is recognized in the industry as "The Father of Containerization".McLean had previously started McLean Trucking Company in Winston-Salem, North Carolina, which he built into one of the largest trucking companies in the United States.
The proliferation of freight brokers called for an increase in financial integrity and liability of these companies, which has led to the passing of the Moving Ahead for Progress in the 21st Century Act (MAP-21). [2] In order to obtain a license to broker freight, a freight brokerage must purchase a surety bond or trust agreement with the ...
Flexport's software integrates and connects ERP data from various companies involved in a supply chain, which allows them to manage information about cargo and streamline freight processing. [5] As of 2017, it had raised $304M, including $110M in a Series C round. [6]
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