Broker
There are 3 definitions for the term “broker”:
1) an enterprise that owns and leases equipment,
2) an enterprise that arranges the buying and selling of transportation of goods or services, and,
3) a ship agent who acts for the ship owner or charterer in arranging charters.
The most relevant definition in the logistics context is “an enterprise that arranges the buying and selling of transportation of goods or services.” A broker in logistics, or a freight broker, is an intermediary between a supplier and a customer, who facilitates the transaction by finding the best deal for both parties. They typically work with a variety of suppliers and customers, which gives them access to a vast pool of resources (load boards) and allows them to find the best possible deal for each party.
A broker in logistics is an important part of the supply chain, as they can help companies save time and money. By working with a broker, businesses can focus on their core competencies and leave the logistics to someone else. Brokers have the expertise and knowledge necessary to handle all aspects of the transaction, from finding a carrier to arranging for insurance. They can also help businesses negotiate rates and make sure that they are getting the best possible deal.
Related Links
How a Freight Broker Works; Step by Step Life of a Load
How To Start A Freight Brokerage – DAT
How to Become a Freight Broker: A Step-by-Step Guide
What Does a Freight Brokers Do?
Freight Brokers vs. Freight Agents: What’s the Difference?
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