Freight Brokerage is a segment of the logistics industry that facilitates the movement of goods from one point to another. Freight brokers act as intermediaries between shippers and carriers, negotiating contracts and rates, arranging for the pickup and delivery of goods, and providing other services such as tracking and documentation. Brokers are responsible for ensuring that shipments are delivered on time and in accordance with the terms of the contract. Freight brokers are typically compensated through a commission based on the value of the shipment. They may also charge a fee for additional services such as tracking and documentation. Brokers are typically required to be licensed and bonded in order to operate legally. The freight brokerage market is highly competitive, with a wide range of companies offering services. Examples of freight brokerage companies include C.H. Robinson, XPO Logistics, J.B. Hunt, Landstar, and Coyote Logistics. Show Less Read more
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