The Obvious Question: What is a Freight Broker?
Is your business thinking of dabbing into the international market but not sure how to start? As your business experiences success locally, it won’t be long until you eye the markets abroad. However, exporting your merchandise isn’t a simple process. There are a lot of documents, regulations, and processes that are required before you can start exporting. Not only that but also selecting a trustworthy shipping provider is vital.
All of this can seem a bit of drag for businesses, which is exactly why freight brokers are a valuable asset to any business. Freight brokers are the intermediary that liaise between your business and shippers. They work with the shipper to handle necessary paperwork and ensure that goods are transported safely to the intended destination.
What Does a Freight Broker Actually Do?
Now that you what a freight broker, they act as a middle-man between your business and the shipping company. They aren’t solely used internationally but also assist with local freight management. They making shipping merchandise a lot simpler for businesses, which is why the freight brokerage industry has had a huge impact on the US economy. More than 80% of Fortune 500 companies rely on third-party logistic (3PL) companies for their freight, warehousing, and other needs.
Freight broker responsibilities include:
- Plan pick-up and delivery of merchandise
- Coordinate with the shipper, carrier, and dispatcher to ensure goods reach safely
- Track and report shipment status
- Handle paperwork related to the shipment
- Resolve any discrepancies that may arise prior to or during the shipment
- Provide any further assistance related to the shipment to the customer
They do all of this while saving your business money. They add value to your overall supply chain by economically managing the shipping of your goods. They ship in bulk which reduces the cost for you, all the while providing you with a more efficient shipment process.
How Do You Know Which Freight Broker is Right For Your Business?
There are tens of thousands of 3PL companies to choose from, so how do you know which firm is reputable and right for your business?
Reputable freight brokers are part of the Transportation Intermediaries Association (TIA). Being a member of the TIA means that the broker has the knowledge, experience, and are aware of the best practices to act as intermediaries. When it comes to reputable freight brokers, they also have a vast network of reliable partners specifically shipping partners. All to ensure that your merchandise reaches its destination on time.
Aside from ensuring freight brokers are a part of the TIA, you also want to see a list of their partners and do a bit of research on them just to make sure they are reliable.
If you don’t have the time to do the research, don’t worry as we have done it for you. The Brimich Group is a reputable freight broker that provides exceptional services in the freight management industry. With over five decades of experience, they know all the ins and outs of freight management. You can consult with one of their representatives today and drastically improve your supply chain management.