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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]
the freight broker bond increased from $10,000 to $75,000 [1] freight forwarders must also meet the $75k requirement [2] The freight broker bond increase took effect on October 1, 2013. Many freight brokers were against this change because they expected they would not be able to meet the new requirement.
DAT Freight & Analytics, formerly known as Dial-a-Truck, is a US-based freight exchange service ("load board") and provider of transportation information serving North America. Freight exchange services are used to match material ("loads") that needs to be shipped with over-the-road carriers, which can be hired to move those loads.
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.
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.
Landstar System, Inc. is a transportation services company specializing in logistics and more specifically third-party logistics.Landstar also utilizes an extensive network of more than 11,000 independent owner operators, referred to internally as business capacity owners (BCOs).
In 2022, Flexport "raised $935 million in a Series E funding round that values the freight forwarding company at $8 billion". It has raised $2.3 billion since its inception. [12] In June 2022, Flexport announced that Amazon worldwide consumer chief Dave Clark would be joining Flexport as its new CEO. [13]
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