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A freight broker is an intermediary between a shipper and a freight service provider. Freight brokers can specialize in certain types of freight, such as equipment hauling on lowboys, oversize, bulk tanker, auto, or other types of freight transportation . A freight broker in the United States must be licensed by the Federal Motor Carrier Safety ...
A common property-carrying commercial vehicle in the United States is the tractor-trailer, also known as an "18-wheeler" or "semi". The trucking industry serves the American economy by transporting large quantities of raw materials, works in process, and finished goods over land—typically from manufacturing plants to retail distribution centers.
9,000+ (April 2024) Website. www .tql .com /about-us. Total Quality Logistics (TQL) is a North American freight brokerage and third-party logistics firm. [ 4] It was founded in 1997 by Ken Oaks in Cincinnati, and is headquartered in nearby Union Township, Clermont County, Ohio. [ 5][ 6][ 7] As of 2021, TQL is the largest private company in ...
Most commonly they have a vast network and access to a library of freight carriers and search for the right availability based on customer specifications. These brokers also offer various value-added services that encompass transportation, logistics, and distribution. Typically, freight brokers do not "fingerprint", or touch, the freight.
Book of business is common parlance in the United States legal services sector and refers to the collection of clients that a lawyer (usually a partner) has assembled throughout their career. Since most U.S. law firms are organized as limited liability partnerships or professional corporations, each partner is usually responsible for acquiring ...
Broker-dealer. In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and derivatives trading process. [ 1]
An over-the-counter is a bilateral contract in which two parties (or their brokers or bankers as intermediaries) agree on how a particular trade or agreement is to be settled in the future. It is usually from an investment bank to its clients directly. Forwards and swaps are prime examples of such contracts.
RXO, a freight broker based in Charlotte, North Carolina, said acquiring Coyote will nearly double the company, to $7.1 billion in annual revenue, and make it the third-biggest freight broker in ...