The broker has experience in the industry and negotiates the best possible shipping rates on behalf of the client. Freight Broker A person whose business it is to prepare shipping and customs documents for international shipments. Freight Container See Container. A Accessorial – Refers to services that are in addition to standard dock-to-dock services. Know the Terms. FreightCenter is both a freight broker and a 3PL. Freight brokers may work for a freight … Here’s a helpful glossary of freight and logistics terminology. Freight Broker Bond What is a Freight Broker Bond? Accessorial Charge: Amount billed for additional, supplemental or special services provided, usually a flat fee. This is a computer software program or web based program that helps you manage your freight brokerage. Brokers often have offices at major freight gateways, including border crossings, seaports, and airports. Freight brokers often do not accept any responsibility for their shipments. Luckily, the transportation experts at Radius have compiled an easy-to-use glossary of common words and acronyms you’ll likely encounter as you manage and grow your supply chain. A specialized set of jargon describe the tools, equipment, and employment sectors used in the trucking industry in the United States.Some terms may be used within other English-speaking countries, or within the freight industry in general (air, rail, ship, and manufacturing). Landed cost, waybill, dunnage & dead-head. A range of air freight terms are used in our industry. – Freight B/L: A contract of carriage between a shipper and forwarder (who is usually a NVOCC). Full container load with a combination of freight from different shippers . Brokers do not assume responsibility for the cargo and usually do not take possession of the freight. The freight industry has a number of terms with specialized meanings. FREIGHT BROKER. BASIC FEATURES; ADVANCED FEATURES; RESOURCES. Our exhaustive glossary fleshes out freight, clarifies cargo, and demystifies the documents with easy-to-understand explanations of the words and acronyms you will encounter most. Freight Forwarder A person whose business is to act as an agent on behalf of a shipper. FAK - Freight All Kind . A freight broker doesn’t need to have a license to operate their business. So, we put together a glossary to demystify some of the most commonly used words. Glossary of Freight Terms. ... Customs Broker – Customs brokerage firms facilitate the shipment and delivery of goods across geographical borders for individuals and organisations. “Freight transport terminology is vast and complicated.” And you don’t need to be Albert Einstein to second his words “Everything should be as simple as it can be, but not simpler.” At the age of information overload, simple is all we have space for. Backhaul (Head haul): The return movement of a transportation vehicle from its delivery point back to its point of origin. It will help find loads, find shippers, track loads, issue invoices, issue … Cartage Agent – A carrier that performs pickup or delivery in areas that the trucking company does not service themselves. Air Cargo: Freight that is moved via air transportation. Auto Liability (AL): ... A contingent insurance policy often held by freight brokers that will defend against and pay settlements per the terms of a policy if the primary cargo policy … Back to: Transportation Terms: Glossary Ready to Begin? Freight Broker - Any person who sells transportation without actually providing it. Choosing a TMS like EZ Loader, developed specifically for freight brokers, delivers access to tools and technology other TMS providers don’t provide. Capacity – In the trucking industry, this buzzword refers to the availability of trucks that can be hired to haul freight. FREIGHT BROKER. If a freight broker does not live up to contracts with the shipper or carrier, this bond assures that the broker has the cash or assets to cover the amount. For smaller sea freight shipments that do not require a full container. Broker - A person who makes freight shipping arrangements on behalf of a person or company. A person or company licensed by the ICC that arranges for the transportation of goods between points in interstate commerce by motor carrier. Broker – An independent contractor paid to arrange transportation of goods between a shipper and carrier. Freight brokers often do not accept any responsibility for their shipments. Freight Broker. Find a Freight Broker - Looking for a freight broker to haul a shipment from point A to point B. U.S. trucking services are provided by Flexport International, LLC, a FMCSA licensed property broker USDOT #2594279 and MC #906604-B. Broker – An intermediary who arranges transportation services. « Back to Glossary Index. Primary Sidebar. FCL - Full Container Load . This term is often used in rail or ocean freight and refers to the actual owner of the freight being shipped, despite the title of the freight being in another party’s name. A glossary of common freight shipping and cargo transportation terms, including lingo used in the 3PL brokerage and trucking industry. A freight broker is not a freight forwarder. Air and Ocean Freight Abbreviations Dimensions: CBM/M³ - Cubic Metres (Height ×Width ×Length to work out the cubic metre of a shipment) KG - Kilograms LB - Pounds CF - Cubic Feet LF - Linear Feet R/T - Revenue tones (A billing unit used in the international freight industry) Bill of Lading (BOL): Paper document between a shipper and carrier acknowledging the … Learn everything you need to know about the freight brokering business and take at least 2 years off the learning curve. 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