Broker
Broker
What does this term stand for?
A broker in logistics and supply chain management is a licensed intermediary who facilitates transportation arrangements between shippers (companies or individuals needing to move freight) and carriers (companies that physically transport goods). Unlike carriers, brokers do not own transportation assets or physically move freight themselves; instead, they leverage their industry expertise, carrier networks, and negotiation skills to arrange optimal shipping solutions on behalf of their clients. Brokers earn revenue by charging a fee or markup on the transportation services they arrange, serving as the critical link that matches shipping capacity with demand while managing the administrative, compliance, and coordination aspects of freight movement.
Regulatory Requirements
- Federal Licensing and Bonding
- Record Keeping and Transparency
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