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What type of shipper/receiver is a "brokerage"?

Discussion in 'Experienced Truckers' Advice' started by expedite_it, Apr 12, 2023.

  1. Apr 12, 2023 #1
    expedite_it

    expedite_it Road Train Member

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    The trucking company I work for assigns me to watch training videos. The narrator on one of the training videos says the following: "Many of our customers support automated billing but some customers, specifically brokerages, require a physical copy of your bills to ensure that payment is received."

    What is a brokerage?
     
    expedite_it, Apr 12, 2023
    expedite_it, Apr 12, 2023
    #1
    tscottme Thanks this.
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  3. Apr 12, 2023 #2
    Opus

    Opus Road Train Member

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    Oh my.
    Think of it like this a brokerage is a company that coordinates and schedules shipments for a company using various carriers.
     
    Opus, Apr 12, 2023
    Opus, Apr 12, 2023
    #2
  4. Apr 12, 2023 #3
    tscottme

    tscottme Road Train Member

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    Somewhere out West, in my mind.
    0
    A freight broker is like the real estate agent when buying selling homes, someone between the seller and the buyer of the home. The broker/agent doesn't own any freight. They have been hired by the owner to find a buyer/trucking company to move the home/freight. Typically, as I understand it, the freight shipper/owner pays the broker an amount of money to have the freight moved from Shipper to Receiver. The broker then posts that load on a load board for some amount of money. If the broker can find a trucking company to haul that freight for less than the Shipper paid them to have it moved the broker makes a profit.
     
    tscottme, Apr 12, 2023
    tscottme, Apr 12, 2023
    #3
    wis bang and expedite_it Thank this.
  5. Apr 13, 2023 #4
    RockinChair

    RockinChair Road Train Member

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    A travel agency for freight.
     
    RockinChair, Apr 13, 2023
    RockinChair, Apr 13, 2023
    #4
  7. Apr 14, 2023 #5
    buzzarddriver

    buzzarddriver Road Train Member

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    Feb 1, 2011
    Dallas, TX
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    The place where a shipper pays a broker $5/mi to move the freight and the broker tells the trucker he will pay $1/mi because that's all i got in it.
     
    buzzarddriver, Apr 14, 2023
    buzzarddriver, Apr 14, 2023
    #5
  8. Apr 14, 2023 #6
    DRTDEVL

    DRTDEVL Road Train Member

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    Austin, MN
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    Vampires and leeches.
     
    DRTDEVL, Apr 14, 2023
    DRTDEVL, Apr 14, 2023
    #6
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