Sep 27, 2017 • Brokers

Top 50 Freight Broker Companies

Top 50 Freight Broker Companies

Top 50 Freight Broker Companies

Freight broker companies specialize in moving freight that includes truck loads, air freight, and even rail. Freight brokers are responsible for finding truck load carriers to haul freight for their client’s.

Just how important are freight broker companies? Well, in 2016, trucks moved 10.42 billion tons of freight in America. Televisions, dishwashers, machinery, fresh produce, even homes – trucks do it all.

Top 50 Freight Broker Companies

The top freight brokers are based on the company’s net revenue, which also means those companies listed below are considered the most profitable freight broker companies.

Broker Load Board – Truckloads

Freight brokers can use Truckloads load board to post available truck freight in order to reach over 100,000 qualified carriers and use features such as truck search, making it easier than ever to find carriers to haul a load!

100k+ qualified carriers
Post loads via TMS, CSV or various other integrations
Confirm a carrier’s Safer Rating
See how many times a loads been viewed
Search for Available Trucks ready to haul now!

Best of all, Truckloads is FREE to use!

So what are you are waiting for? Start posting loads and find carriers today.

[button text=”Post to Truckloads” href=”https://ship.truckerpath.com/signup?utm_source=blog&utm_medium=topfreightcompanies&utm_campaign=Sept26″ width=”250px”]

TagsFreight Brokers

Freight Broker Software [h2] Freight Broker Software [/h2] [p] Like any industry, the use of technology in freight has rapidly advanced and new freight broker software promotes efficiencies and allows brokers the ability to connect its customers to move more freight and increase potential earnings. [/p] [h2] Carrier Essentials [/h2] [p]When you are searching for the right freight broker software for your business there are a few key features you need when it comes to managing the trucks you work with. The essentials on the carrier side should include:[/p] [p]<strong>Carrier Lists:</strong> to keep a record of all of the carriers you have a contracted relationship with. Keeping a list of carriers to go to for certain lanes or projects makes your job of covering freight much easier.[/p] [p]<strong>Carrier Information:</strong> it's beneficial to have all the carriers you work with documented. This means having the motor carrier number (MC#) or Department of Transportation number (DOT#) linked to updated insurance, a record of loads ran as well as any additional terms and conditions. [/p] [h2]Client Essentials[/h2] [p]<strong>Client Addresses:</strong> the most important thing to consider for choosing software in regards to your clients is to track the pickup and delivery locations (sheds). Having all the sheds tracked in your system will allow you to easily create loads for the lanes you are working on. Knowing if those facilities are appointment based on first come first serve (FCFS) is also beneficial. [/p] [p]<strong>Load History:</strong> having a record of the loads you ran will help tremendously not only when it comes time to send invoices but also when you are comparing rates or running a lane frequently. With a record of the common lanes, you have run for a customer you have a blueprint for future loads and can easily compare rates. [/p] [giphy]<iframe src="https://giphy.com/embed/3oriO7A7bt1wsEP4cw" width="480" height="336" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2] Load Management Essentials [/h2] [p] <strong>Load Building:</strong> this is the most important aspect of your potential software choices. To build a load you need to have sheds for pickup and delivery, carrier on the load, and location tracking. [/p] [p]<strong>Location Tracking:</strong> Thus software helps keep your customers happy. Knowing when a load has been booked, dispatched, picked up, and delivered are four things you will want to relay to your client. In addition having a function allowing you to track the location of the load either with automatic GPS or manually logged updates will help you stay ahead of potential issues and set you apart from a Fed Ex or UPS where you have no idea where things are while on the road.[/p] [p]<strong>Carrier on Load:</strong> having a list of qualified carriers is great and all, but what good is it if you cannot add them to loads. This makes tracking loads much more efficient and avoids confusion when you have several loads over the road. [/p] [p]<strong>Pay and Bill Rate:</strong> tracking the amount you will be billing your client and paying the carrier makes for easy calculation of margins and load budgets. This will make accounting much easier to manage.[/p] [p]<strong>Rate Confirmations:</strong> knowing what you are charging your client and paying your carrier is great, but being able to generate the confirmation binding them both is even better. If your freight broker software can generate these documents for you, it will save you loads of time. You can get the truck on the road right away instead of having to write out an email with pickup and delivery cities, load specifics, FCFS or Appointment times, and rate.[/p] [h2]Additional Software Tools[/h2] [p]<strong>Accounts Payable/Receivable:</strong> while having a feature like this included in your freight broker software is helpful, it is not essential. When it comes down to it billing your customer and paying carriers comes down to keeping an accurate spreadsheet which will already be installed on your computer. [/p] [p]<strong>Bill of Lading Generation:</strong> this is another feature you may or may not need. Most of the time the shipper will have the bill of ladings created for the driver but in the off chance, they ask you to make one a word processor is all you need. Blank BOLs can be downloaded off of a simple google search or made using tables in a word processor: it needs a pickup number (if applicable),pickup address, delivery address, and special instructions. If a freight broker software suite is going to charge you extra to do that, pass on it.[/p] [p]<strong>Carrier Search/Load Post:</strong> you may see different broker software programs with a feature to help you find a carrier for your loads. However, all they are doing is pulling data from load boards. Why pay extra when you can use load boards like <em>Truckloads</em> to post your load and find carriers yourself?[/p] [p]Selecting your broker software comes down to what you feel you really need for your freight business. When it comes down to it you might not need much to get started, but choosing the right freight broker software can help can you maximize efficiency and increase potential profits.[/p] [video id=snyBYpnuhWw] [button-green href="https://ship.truckerpath.com/signup?utm_source=blog&utm_medium=software&utm_campaign=Aug8"]Try Truckloads for Free[/button-green]

Aug 09, 2017 • Brokers

What is a Freight Broker? [p]Have you wondered what is a freight broker? A freight broker is someone who assists shippers with freight ready to haul by finding carriers to haul a load.[/p] [h2]What is a Freight Broker?[/h2] [p] Freight brokers can run their own business or work for a freight broker company. They are responsible for arranging the transportation and tracking of a load hauled by a freight carrier.[/p] [p]Freight brokers make it easier for shippers to find quality carriers that are proven to be reliable in hauling a load as instructed. Meanwhile, freight brokers help motor carriers potentially earn more by having readily available loads to haul. [/p] [p]The responsibilities of a freight broker are not limited to connecting carriers with shippers. They must communicate with both parties it represents as well as track the load and verify it's pickup and delivery. [/p] [h2]How Do Freight Brokers Make Money?[/h2] [p]A freight broker earns money by moving freight for less than his customer is willing to pay to ship the freight. This difference creates a profit for the freight broker known as the spread. They are paid x amount by a client to find a carrier to haul a load which they pay for y amount. The difference is what the freight broker earns. [/p] [h2] Freight Broker Salary[/h2] [p]A freight broker salary has a national average of $41,952 annually according to PayScale. Keep in mind this is a base salary average without any of the commission or bonus included.[/p] [p]Location will also play a tremendous factor in dictating freight broker salary. A freight broker in Dallas earns an average base salary of $55,000 where a freight broker in Kansas City earns $45,000. Freight brokers can earn upwards of $75,000 or more annually when the commission is added and that number can increase dramatically if you operate your own freight broker company. [/p] [h2] Broker Load Boards - How Brokers Find Freight Carriers[/h2] [p]Freight brokers looking to move freight need to find motor carriers who are available to haul a load. Broker load boards are used by freight brokers to connect with the desired freight carrier and are one of the easiest way to network and build a carrier base. [/p] [p]Using a load board such as Truckloads, freight brokers can quickly find qualified carriers who may be interested in hauling a load by posting the load details onto a load board and then contacting motor carriers who may be interested in the load. Time is money and the more loads a freight broker can move, the more they can earn, placing a premium on the use of load boards. [/p] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=blog&utm_medium=freightbroker&utm_campaign=july5"]Try Truckloads for Free[/button-green] [video id="o_tsuJHWayo"]

Jul 05, 2017 • Brokers

How to Start a Trucking Company [p]Wondering how to start a trucking company and earn more money? There are several steps and a few guidelines to follow. [/p] [h2] How to Start a Trucking Company[/h2] [p]Deciding to start a trucking company is a great idea and the timing is right. <a href="https://truckerpath.com/blog/trucking-industry-trends/">Trucking industry trends</a> expect freight revenue to grow by 75 percent over the next nine years and with the trucking industry eclipsing over $726.4 billion in revenue for 2015, starting a trucking company now can be extremely lucrative. The trucking industry serves as a pillar in keeping things going and as long as people have demand for products, moving freight will be necessary for years to come.[/p] [p]Don't be intimidated by the larger trucking companies with thousands of truck drivers and investors to provide capital. 90 percent of trucking companies are small fleets of six trucks or less so there's space in the industry for you to learn how to start a trucking company.[/p] [h2] 1. Apply for Trucking Authority - Trucking Company Forms[/h2] [p]Paperwork, documentation, and forms. They're tedious and might seem redundant but are necessary for you to get your trucking company started and earn <a href="https://truckerpath.com/blog/trucking-authority/">trucking authority</a>.[/p] [p]If you haven't already been assigned a US DOT number, you will need to register for a DOT number form before you can apply to obtain trucking authority. Keep in mind the old [a href="https://www.fmcsa.dot.gov/registration/form-mcs-150-and-instructions-motor-carrier-identification-report"]MCS-150 form[/a] is now only for updating existing US DOT number and not for obtaining a US DOT number.[/p] [p]To get a US DOT number you will need to use the new [a href="https://portal.fmcsa.dot.gov/UrsRegistrationWizard/"]Unified Registration System[/a]. The processing time can take 20-25 business days according to the FMCSA.[/p] [p]If you already have a US DOT number and wish to apply for operating authority you can do so by [a href="http://li-public.fmcsa.dot.gov/LIVIEW/PKG_REGISTRATION.prc_option"]completing this registration form[/a] and paying the associated $300 fee.[/p] [h2] 2. Choosing a Process Agent[/h2] [p]You will need to choose a process agent who can represent you in regards to court papers. You will need to have a process agent for each state your trucking company operates in. They are used if there ever is an issue where court papers are to be served to your trucking company in a state other than the state your company is registered in.[/p] [p]The FMCSA has a [a href="https://www.fmcsa.dot.gov/registration/process-agents"]list of process agents to choose from here[/a]. The process agent is responsible for completing [a href="https://www.fmcsa.dot.gov/sites/fmcsa.dot.gov/files/docs/registration/1996/boc-3-1-18-2017.pdf"]Form BOC-3[/a] on behalf of your trucking company.[/p] [h2]3. Truck Insurance[/h2] [p]Once you've established your trucking company you will need to make sure that it's properly insured. Liability insurance is required for trucking companies to cover potential damages or injuries caused by operating a commercial vehicle.[/p] [p]Shop around and get several quotes before making a decision on which insurance provider is best for your trucking company. [a href="https://www.fmcsa.dot.gov/registration/insurance-requirements"]Here is a detailed overview of the FMCSA insurance requirements[/a] to help get you started.[/p] [giphy]<iframe src="https://giphy.com/embed/3o6Zt2iHqqrjNlbPS8" width="480" height="270" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]4. Buying or Leasing a Truck[/h2] [p]When starting your trucking company you can buy or lease trucks depending on what suits your needs best. If you have the working capital upfront to cover the cost and want to operate a small fleet with a few trucks, buying several trucks at once from a dealer might result in a discounted price per vehicle.[/p] [p]You can also look into leasing trucks which often times keeps the monthly costs down and can even have a lease-to-own option available. However, there are usually restrictions that apply to leasing that vary by dealer. You will want to take the time to search and compare dealer options and offers before choosing.[/p] [p]Lastly, there is also the option to purchase used trucks which can help save you upfront but can be costly down the line. You may find a used truck that is a few years old with over 400,000 miles on it for $40,000 to $50,000 less than a new one.[/p] [p]It might be a great deal but remember, on average, truck repairs cost an estimated $15,000 annually according to the ATRI and with used trucks, that number can be even more. [/p] [h2]5. Choosing the Right Truck and Trailer Equipment [/h2] [p] Choosing the correct equipment to haul <a href="https://truckerpath.com/blog/types-of-truck-freight/">truck freight</a> can have a tremendous impact on your trucking companies earning potential. Although freight rates fluctuate week-to-week, typically flatbed truck loads pay the highest rate on average. [/p] [p] That is not to say that a reefer, van or step deck load won't ever pay a better rate. Rather it's just an overall average to consider before choosing the equipment type for your truck. Keep in mind that location also plays a major factor in determining freight rates. [/p] [p]<strong>Looking ahead</strong>: when you're trucking company is set up, you can find truck freight to haul on free load boards like <strong>Truckloads</strong>. Customize your truck load searches by <a href="https://truckerpath.com/blog/what-is-deadhead/">deadhead</a> location and the trailer equipment type for you. [/p] [video id="snyBYpnuhWw"] [h2] 6. International Registration Plan (IRP)[/h2] [p] By registering your vehicle through the IRP in your home state, you will be allowed to haul interstate loads as well as freight through Canada without having to worry about additional registrations. You will be provided an apportioned license plate and cab-cards now display all jurisdictions that you cover. [/p] [p] The IRP registration fee for your apportioned plate will vary depending on state and vehicle weight, but typically the price ranges from $1,500 - $2,000. [a href="https://www.fhwa.dot.gov/about/webstate.cfm"]Use this list to determine what the cost will be for your state.[/a] [/p] [button-green href="http://vip.truckerpath.com/gold-member?utm_source=email&utm_medium=how-to-start"]Try Trucker Path Premium FREE for 14 Days[/button-green]

Jul 14, 2017 • Carriers