Start Your Own Freight Brokerage Business

As a freight broker, once you match a load to be shipped with a carrier, you must fill out a number of forms. First, you and the carrier need to enter into an agreement covering current and future dealings. The Transportation Intermediaries Association provides sample agreements in its New Broker Kit, but experienced freight brokers recommend you develop your own contracts, agreements and forms, customizing them to your particular operation.

Once you have a carrier agreement on file, you need to send the carrier a load confirmation and rate agreement form for each specific load. When the carrier picks up the load from the shipper, the shipper will give the carrier a bill of lading listing the goods being transported and any special arrangements the driver needs to make for the load. When the driver reaches the consignee (recipient of the shipment), he needs to have someone there sign for the load. If an independent contractor unloads the freight at the consignee?s location, the driver needs to obtain a contract labor receipt from this worker.

Depending on your arrangement with the carrier, the driver or trucking company will invoice you, the shipper or the consignee for transportation services.

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