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Freight Industry Is Slowing Down

16 Tips For 20,000 Loads

A Freight Broker Should Avoid Using This Strategy

Are Freight Brokers Exorbitantly Priced?

Being a Freight Broker: A Guide

Better Brokers Are Required for the Future of Freight Transport

Create a creative email subject line to attract plenty of recipients

Dispatcher vs. Freight Broker

Freight Brokers Are the First to Rebound in the Supply Chain

How Can Freight Brokers Locate and Assess a Trustworthy Carrier/Trucker?

Carrier Vetting Is Important to Supporting Freight Brokers Beyond Insurance

Shortage of Truck Drivers

7 Techniques for Freight Brokers to Increase Leads

Dispatcher vs. Freight Broker

Expected Freight Costs for 2022 to Remain High

Are New Freight Brokers Getting Adequate Training?

How Freight Brokers Maintain Movement of Freight

How Logistics and Shipping Can Cause Freight Brokers To Fail To Make Money

How to Choose and Assess a Reliable Carrier or Truck for Freight Brokers

Largest Increase in Employment in a Decade for Freight Transporters

How Your Freight Company Can Succeed in a Volatile Market

The Importance of Having Relationships With Freight Brokers

Industry Terminology for Freight Transportation

How to Become a Freight Broker

How to Develop into a Freight Dispatcher

The Future of the Freight Industry with Electric Semi-Trucks

The Supply Chain is Changing Permanently: Here's How to Manage It

What are the Key Points for Picking a Load Board?

​What I've Learned from Cold Calling for 28 Years

Job Descriptions for Freight Brokers

Largest Increase in Employment in a Decade for Freight Transporters

Simple Procedures to Follow to Obtain Training & Licensing for Freight Brokers

Starting Your Brokerage Firm

The Complete Manual of Freight Shipping, Transportation, and Logistics

The Convoy Network Is Now Available To Other Freight Brokers

The Freight Industry Is Sluggish

The Little Details Between Major Activities Make the Difference

The Present-Day Freight Industry

Truck and Trailer Inspections Every Three Months

What Are Some Other Vital Report Highlights?

Why Freight Brokers Are Increasingly Important to Businesses in the Modern World

Will We Survive Semi-Autonomous Trucks?

A FREIGHT BROKER SHOULD AVOID USING THIS STRATEGY

 

By John Lipscomb, National Shipper List

 

Many freight broker trainers, who provide online seminars for less than $500, promote a bad tactic that will ensure the failure of any broker who uses it.

 

When individuals hear it from the trainer, it is so ridiculous that I find it hard to believe no one challenges it.

 

They advocate that as a beginning broker, you should narrow your emphasis to a single state or market and concentrate all your efforts there. Then they go on to say that it would be best for the rookie broker to just choose one sort of transport vehicle while looking for cargo.

 

Here is the outcome of this awful teaching: By choosing one lane, you have just ruled out 99 percent of potential loads! And when you choose only one kind of transport vehicle, you further reduce your options by 80%. According to the arithmetic, you have now effectively removed 99.8% of your chances of getting a load. In other words, your failure has just been ensured.

 

You probably think that this will never happen. Let me tell you something; however, I check Facebook Groups for freight transport daily. One of the messages I see most often is from a beginner broker promising to broker for a certain transport vehicle for a specific lane. Each time, I shake my head in sorrow. Even so, I have contacted them several times to inquire whether they have had success obtaining loads. NO LOADS YET is the obvious response.

 

The most important question is WHY WOULD AN EXPERIENCED FREIGHT BROKER TEACH SUCH A RUDE STRATEGY. One of two explanations is the answer. Despite wanting the training fee, the trainer, who is also a broker, does not want to increase broker competition for himself. He would advise this mainly because he is a fake and is not, and never has been, a freight broker; as a result, he has no idea how to establish a brokering firm.

 

I've done enough web research to identify two instructors who share this deadly tactic, and both have very successful YouTube channels.

 

 

Are Freight Brokers Exorbitantly Priced?

 

By John Lipscomb, National Shipper List's President

 

There are several methods to send and distribute items. Whether someone purchases a vintage vehicle, party supplies, or dry goods, the carriers, who plan the specifics of the shipping procedure, are always responsible for the item's delivery.

 

This article will cover the profession of a freight broker in the transportation sector and provide a detailed outline of the job, which claims to offer the highest yearly compensation. We will also address the most often asked concerns about this particular class of occupations.

 

How much money do freight brokers make?

The average yearly income for those working in the freight industry in the United States is around $ 62,105, with an extra $ 28,000 on average for commissions. Numerous variables, particularly the location, impact the freight forwarders pay.

 

In transportation, freight forwarders have a crucial function. As a result, they ensure no problems while moving from one location to another in the US. The expanding industry results in a steady rise in the need for freight transportation. Possibilities for employment in starting or running a forwarding business are presently good.

 

How can you advance your freight transportation career?

A freight forwarder's revenue might rise as a result of several things. Carriers may desire to relocate to a location with usually higher compensation since placement significantly influences income. As mentioned, the average salary of freight dispatcher carriers in Kansas is $15,000 more than those in Iowa.

 

Commission-based services can provide additional money. If they desire to earn more money, freight forwarders might pursue a career in forwarding or attempt to start their own freight business.

 

Is using a freight forwarder beneficial?

Freight has a great deal of potential to completely create sizable yearly sales and strong profit margins! You may earn between $ 50,000 (for an unskilled broker) and $ 500,000 (for an experienced broker) as a freight forwarder on an annual basis. This is determined by variables like the overall number of clients, the number shipped, and the shipping profit.

The pay of a freight forwarder is determined by the business where he works. According to Mr. Cox, who expects the average wage to vary from $60,000 to $90,000 per year, a lot will depend on the employer's reputation. His brokerage's "upper category" salary ranges from $ 85,000 to $ 80,000 annually.

Conclusion

Forwarding has developed into a thriving business in recent years, with rising revenues and high demand, resulting in more steady development. The firm seems to be more trustworthy and successful because of all these favorable qualities. A forwarder's career potential is enormous.

 

Nowadays, starting a freight carrier is difficult because of the Internet's prevalence and the abundance of fantastic software platforms available there. Finding and selecting the best freight agency carrier for your cargo is much simpler than ever, thanks to the online loading boards and other essential resources.

 

Being a Freight Broker: A Guide

 

​By John Lipscomb, President of National Shipper List

 

The most important individuals in freight transportation are freight brokers. The growth of the e-commerce sector has increased the number of things that need to be sent and carried around the world. A freight broker's responsibility is to make shipping easier and keep track of them.

 

This information has been separated into two pieces for your convenience. You would learn what a freight broker performs in the first portion and get advice on how to become one in the second.

 

What is the role of a freight broker?

 

A freight broker may own their firm or work for an organization. A freight broker's main duty is to choose shippers who provide shipping services to move goods.

 

  • Other important duties of a freight broker include:

  • Create marketing plans to increase sales.

  • Finding and selecting the ideal freight service providers.

  • Estimating delivery costs for customers.

  • Setting up the orders.

  • logging and monitoring business operations

  • Provide consumers with all necessary information, including shipping prices and tracking details.

  • Coordinating with shippers, dispatchers, and carriers.

  • Creating contracts with carriers and negotiating prices.

 

How can you turn become a freight broker?

 

The stages to becoming a successful freight broker are as follows. Additionally, a freight broker will gather data on the freight market and other trends in the transportation industry:

 

1. Attend a school for freight broker training:

 

You may choose a freight broker training school based on your preferences. Although enrolling in a freight broker training program is not required, doing so might help you further your career in the freight sector. Attending a freight broker training course will teach you how to use the tools you'll need for a profitable freight company.

 

While some freight broker training institutions provide online self-study courses, others offer face-to-face classes to give students additional knowledge and experience. The Freight Brokers Training School equips its students with the most recent tools, best practices, knowledge of the freight sector, and how to run their own freight brokerage company.

 

2. Declare your business:

 

If you want to create your firm, choose a name and register it, but first, we advise you to join a reputable freight brokering company to obtain more expertise in the freight market.

 

Make business strategies for your firm next. To begin, you should call a local freight brokerage and register your business with the licensing office in your neighborhood.

 

You must choose the legal system that will operate best for your company. LLCs or limited liability firms are options. You will get a TIN tax number upon registration. Create your business plan with your target market in mind and apply a line of credit.

 

3. Select the ideal carriers:

 

The success of your brokerage firm depends on your ability to connect with the appropriate carriers. In the area of operation, you decide to operate your company in; you should choose a recognized, secure, and dependable carrier.

 

Use internet directories to find a trustworthy carrier or ask other brokers in the freight sector for recommendations. Several carriers are available in the US to simplify the shipping procedure for customers and enterprises. An extensive list of 30,000 carriers is available on the National Shipper List. Visit our website to choose the best carrier for your company.

 

4. Fulfill licensing specifications:

 

Before entering the sector, every freight broker must fulfill all legal criteria and get a license. First, submit an application to the State Department of Transportation for a USDOT number. Following that, you must finish the OP1 Freight Broker application. It costs roughly $300 to fill out and send and takes 3–4 weeks to process.

 

When your application is accepted, the Federal Automobile Transport Safety Administration (FMCSA) will issue you a carrier number. Before starting a company, you must wait 10 days for the registration to be finished and for your full MC credentials to arrive.

 

5. Obtain a bond for a freight broker:

 

The BMC-84 bond or a freight broker bond must be obtained after that. The $75,000 bond is needed to show businesses and suppliers that you have the financial wherewithal to protect yourself if anything goes wrong. This bond is quite similar in coverage to the freight broker bond your company would receive.

 

6. Sign up for your BCO3:

 

BOC3 offers complete business insurance cover. This must be submitted in every functioning state. Before mailing, you also need to choose a process agent. The litigator will manage the court cases where you do business in each state.

 

7. Create a marketing plan:

 

Identifying the unique characteristics of your company can help you create a marketing plan for it. Additionally, you must choose the platform that effectively communicates your marketing message. You may start submitting information about your company to internet directories that link prospective shippers and freight companies to your website. Increasing awareness is a critical first step in becoming a successful freight broker.

 

Freight brokers may expect to earn between:

 

Having your own freight transportation business is smart, with plenty of potential for profit. However, you may work as a full- or part-time freight broker if your finances are tight or you want to start by earning money and gaining experience.

 

A freight broker typically earns between $43,000 and $108,950 a year.

 

Conclusion

 

In the freight transportation sector, freight brokers are employed. With the growth of e-commerce, the amount of goods that must be carried and moved throughout the world has increased.

 

Follow the advice above to be successful in the freight sector if you want to become a freight broker. A freight broker's primary duty is to choose shippers who provide shipping services to convey products, but there are additional duties. Visit learn more about the freight business, go to the National Shipper List's official website.

 

 

Better Brokers Are Required for the Future of Freight Transport

 

​By John Lipscomb, President of National Shipper List

 

In the present economy, more businesses are turning to brokerage firms for services. At www.nationalshipperlist.com, you may get the shippers list for freight brokers for 2022. Better brokers are required for freight transportation in the future since there aren't enough drivers and vehicles to go around.

 

 

Nearly 61,000 drivers are needed in the sector, and according to American Tracking Association (ATA), that number might treble by 2028, necessitating the hiring of better and more skilled brokers.

 

Synthetic intelligence

 

Brokers should use artificial intelligence (AI) to make it simpler for businesses to collect data and utilize inefficient decision-making. Regarding monitoring container conditions and whereabouts using Internet of Things sensors, freight broker scanning employs digital twins to monitor fleets through a dashboard with little to no need for human interaction.

 

Technology-advanced freight brokers have a greater chance of securing future cargo because they can immediately see and work around problems like natural catastrophes, bad weather, and difficult traffic circumstances. These scenarios might result in additional minutes, days, or hours if not carefully watched. Planning may greatly reduce the need for scarce resources like drivers, labor, and trucks while preventing delays and other issues.

Successful Management

 

Freight brokers were compelled to reconsider their strategy and develop fresh approaches to coping with the present developments in 2021 as additional difficulties proliferated, impacting industries as diverse as semiconductors, timber, and chicken wings. Future "new abnormal" events may occur, necessitating the use of freight brokers with more equipment.

 

Data science can be a tremendous facilitator during turbulent times, says Chris Caplice, executive director of the Massachusetts Institute of Technology's Center for Transportation and Logistics (CTL). Each cargo is a rich data source in terms of locations, updates, communication pings, visibility, and time. In general, the transportation sector is a great source of crucial information.

 

Now that the information has been analyzed, freight brokers must use data analytics tools to determine what they need and attempt to improve it. Consequently, their transportation execution systems will be more adaptable in design, better segmented, agile, and flexible.

 

Because of improved visibility, carriers may use more technology to manage exceptions and limit risk. Additionally, they may easily distribute the visibility data to guarantee that all parties are kept up to date and to simplify the whole supply chain.

Automation

 

Shippers may also use dispatch systems in 2030 to determine capacity and automatically contact autonomous vehicles to pick up their cargo. The degree of technical development by 2030 will determine this. A carrier might contact Google self-driving vehicle to pick up a shipment at a distribution center or deliver an autonomous truck rather than making a phone call. The truck's next pick-up location will be shown after it has completed the delivery.

If this scenario comes to be, it will help to alleviate the driver shortage while enabling trucks to run effectively and consistently throughout the country.

 

Conclusion

 

By identifying the prospects in the market and the need for improvement, current and creative freight brokers may succeed in the future of their businesses.

Future success depends on digital disruption because it links drivers and consumers like no automated, human-less app or program can ever do. Visit www.nationalshipperlist.com to get the shippers list for freight brokers in 2022. 

 

Create a creative email subject line to attract plenty of recipients

By John Lipscomb, President of National Shipper List

 

Every day, people get hundreds or thousands of emails. Many of these emails are sitting unopened in people's inboxes. As individuals scroll to acquire the ones they think are most important, it's sometimes simple to skip reading them or disregard them. Therefore, it's important to make every effort to guarantee that the receiver sees, opens, reads and responds to your email while you're writing it.

 

Emails vary in their effectiveness and responsiveness. When your email is suitable and professional, particularly when it is carefully targeted to your audience, recipients are likely to notice and respond appropriately. Creating an eye-catching and intriguing email headline is one of the sure-fire methods.

 

Knowing how to create an appealing subject line can help you accomplish your objectives, depending on the business you want to work in. In this blog article, we'll examine the fundamentals of crafting an attention-grabbing title that motivates you to work:

 

Creating a convincing email subject line

 

Although it shows on the field just above the content, your subject line is an important part of your email. To avoid your possible suitor missing the email, ignoring it, or worse, labeling it as junk mail, it would be helpful if you never disregarded it in your emails.

 

​The subject line of your email is often a brief sentence that displays alongside your email address and is the first thing your receiver sees before deciding whether or not to open it. You must make sure to be explicit in stating your objective and expectations. Avoid subject lines like "Hello" or "Please read." Not unless the receiver is someone you know. Instead, think about some of these instances:

 

Can you set up a meeting for us?

 

Eveline Osteen's résumé was requested.

 

Remarks on the news that AOB Tuesday requires

 

As a general rule, job advertisements ask that you provide information like your name, position, or phone number in the email subject line. So be sure to adhere to these guidelines while applying for jobs.

 

​You are not required to provide a subject line when responding to an email or forwarding one. Even then, there's always the most recent headline, which already emphasizes a certain goal. This demonstrates the significance of an email's subject line.

 

The rules for crafting an email subject line.

 

The best method of getting your needs across to prospective employers is through email. If you do it correctly, you'll receive the job of your dreams. But if you don't take care, it will obliterate your chances of making a favorable impression and developing a connection.

 

The following are some guidelines for creating an email subject line:

 

  • When given tasks, be clear about what you want to do, avoid writing, etc. Use these or the like. Please study my CV for this job application, for instance.

  • When sharing another email, put "Help" rather than "FWD."

  • When customizing your email, use "You" rather than "Hey."

  • When you need something done immediately, use "Today" instead of "Urgent."

 

Conclusion

 

A catchy title helps people understand your request quickly regardless of how well-written your email is. What motivates your audience to open, read, and respond to your content. When you do it correctly, your receiver will follow the instructions in your letter. If you make a mistake, your email will linger in the recipient's inbox for a while, harming your chances of landing a job or other desired outcome.

 

Dispatcher vs. Freight Broker

 

By John Lipscomb, President of National Shipper List

 

Brokers and dispatchers are people with unique jobs in the supply chain and freight business. However, in the global import-export game, these terms are often confused. To help you grasp the distinctions between the two, we'll go through their definitions and job descriptions in greater detail in this blog.

 

The distinction between a broker and a dispatcher

 

Depending on the person, brokers and dispatchers might mean different things. When we speak about freight brokers, we're referring to a person who acts as a middleman between the shipper and the trucking business and provides freight services, including generating and managing pick-up and delivery schedules and monitoring the progress of the load's transportation. In contrast, a dispatcher supports a carrier in freight negotiations. They aggressively encourage dispatch services to find carriers with higher-paying cargo since they retain a share of the shipping carrier's negotiated fee. Therefore, the dispatcher earns more money the greater the carrier's rate.

 

Which one is best for your freight transport, even though both act as liaisons in the freight industry? To make an educated decision, let's examine each in more detail.

 

Job description for a freight broker

 

Freight brokering is when a broker agent acts as a middleman between a driver and a shipping company. Typically, freight brokers earn money by negotiating various prices with the parties involved. Since the shippers are the only ones who can support themselves, they work hard to keep them in business. In other words, brokers must convince shippers to pay high rates while offering carriers pricing that generates a profit. It's common to refer to the differences between two rates as a commission.

 

Excellent communication skills, an understanding of payments, and a thorough understanding of client tactics are necessary for freight brokers. It's also important to remember that the freight broker will deduct 2 to 3 percent off the carrier's agreed-upon fee if the transaction is completed fast.

 

Job description for a freight dispatcher

 

A dispatcher represents the trucking company in negotiations with the carrier. He represents the trucking firm, to put it simply. To save them time searching load boards, he links all broker companies to his network of carriers. He does, however, deduct a percentage of the contractual amount with the carrier. Therefore, the more costly the carrier, the more money they may earn.

 

A competent dispatcher keeps their stocks updated with the carrier's preferred freight rates, route requirements, and equipment specifications. The dispatcher contacts the shippers or freight brokers on behalf of the driver to settle shipments that satisfy the carrier's standards using the statistics. Remember that a service charge from the dispatcher to the carrier is only due after a stipulated load.

 

Dispatcher vs. Fright broker

 

Dispatchers collaborate closely with carriers to get the most affordable shipping prices. They exist to guarantee the best freight toll possible. Although most dispatchers confirm valuable freight shipment by working through freight brokers or load agencies, finding one that works directly with a shipper is worthwhile.

 

Freight Brokers Are the First to Rebound in the Supply Chain

 

By John Lipscomb, President of National Shipper List

 

Shippers may recover from persistent setbacks, including continuous bank sailings, high prices, trade conflicts, record-breaking delays, and the COVID-19 epidemic, with the help of strategic supply chain planning and transformation. For freight brokers, Nationalshipperlist.com offers a shippers list. The price of coal rose a year ago; timber futures quadrupled to establish a new record; steel continued to rise; and during the height of the Corona outbreak, soybeans and maize began their rallies.

 

For the first half of 2020, shipping had an economic slowdown. In general, the trajectory of the whole industry has been impacted by Coronavirus. The logistics service providers and freight brokers had to deal with two extremes within a short time.

 

Following the pandemic, the per-miles rate and freight volumes decreased during the first economic downturn. There weren't enough cargoes for those hauling freight for a livelihood, which caused a rapid slowdown.

 

Even when it seems impossible, there is yet hope. Air and ocean freight prices are lowering as demand increases and China recovers. Instead of spending money on leisure and services, consumers start purchasing stuff.

 

The following are some developments influencing the shipping sector and ways freight brokers may be of assistance:

 

Industry modifications

 

Due to blank or missed sailings, the sector has had a severe shortage of oceangoing cargo capacity.

 

As demand rises, carriers expand their onboard capacity.

 

The majority of airlines report one or two missing sailing weeks every month.

 

The marine sector has suffered financial losses due to the Coronavirus, including reduced capacity and expensive onboard spot charges.

 

High-speed sailings

 

Air cargo

 

Air freight prices are returning to pre-COVID-19, even though they are still more expensive than ocean freight.

 

Because of the reopening of Europe and North America, air freight charges have decreased.

 

Due to insufficient capacity, carriers and brokers must adapt passenger arrangements for cargo.

 

To go back to pre-2019 levels may take over five years.

 

Predictions

 

Some industries may recover faster than others as the tendencies above persist.

 

Another set of situations is:

 

High demand will force carriers to modify their capacity and pricing to turn a profit.

 

More nations are producing alternative goods, including Bangladesh, India, Vietnam, and Cambodia.

 

​Instead of focusing on transactional business, freight brokers constantly try to develop real connections with their clients. They often make use of these connections to help manage the current crisis and any potential tragedies in the future.

 

​Shippers need freight brokers to be a reliable, valued source of transportation capacity and information. Establishing these connections would increase industry efficiency by preventing brokers from haggling with one another and shippers from attempting to put 3PLs against one another.

 

Shippers want their freight moved, but carriers must move their cargoes to stay in business and meet ends. 3PLs and freight brokers continue to act as a bridge between the demands of the two parties.

 

The new function of freight brokers has been established as a result of shippers' inability to locate capacity and carriers' inability to get loads at prices that could be sustained. Building partnerships that facilitate the transfer of products and maintain the efficiency of the supply chain are priorities for freight brokers. In this manner, the supply chain will recover.

 

Anything that falls short of this is a step backward. Visit www.nationalshipperlist.com for a shippers list for freight brokers.

How Can Freight Brokers Locate and Assess a Trustworthy Carrier/Trucker?

 

By John Lipscomb, National Shipper List's President

 

Agents who ship are looking for reputable carriers to get in touch with them before shipment. However, a study in this field is thought-provoking in place of sales personnel, along with client acquisition. They must use various techniques and invest a lot of time to offer the greatest results to society to do this.

Investigate the carrier's standing, the manufacturing process, and the measures used to ensure that your products are completely secure before you make any decisions. Check out these tips for picking the finest carrier business.

 

View Purchase Record

 

This survey is about individual purchases. However, everyone is often making online orders. You may monitor your recent purchases from Amazon and other well-known online retailers using your online banking history.

For brokers, it's a terrific approach to get practice transporting various items because of how inventive this method is. You may utilize this simple technique if you are in the field and considering how to enhance your search.

 

Monitoring market competition

 

This is a typical response in any situation when a corporation has to be aware of its primary competitors. Find the "largest fish" that has a large carpool.

Thanks to the firm's website and other tools, any freight forwarder may thoroughly research the competitors. Shippers of certain brands might work out a good deal for a particular course.

 

Using different folders or forwarder lists

 

The directories, where you can view a long list of forwarder professionals accessible to you, are another option you may think about. You may also find certain books and manuals online.

 

Brokers can locate comprehensive information on the manufacturing firms or specific items. They should provide you with all the prices associated with different loads so you can thoroughly compare them.

Then, shippers concentrate on carrier-available catalogs. It is wise to start by focusing on people bearing several loads.

 

Satellite image of several office towers

 

The globe can still be traversed with Google Maps. Trucking carriers may benefit from having a view of the buildings and streets in this respect. In this manner, you can quickly and simply verify the locations of the delivery ports, the locations of the things being received, and much more.

Only after making such observations may inferences be made about a certain business; doing so enables you to look more closely at what it does and how it operates.

 

Make contact with the chosen dealer

 

Once the shipper and a certain supplier have a contract, he should contact the freight forwarder. The simplest approach to express interest is to write a formal email.

There is probably no input that can be seen, however. It would be preferable if you entered into a direct conversation to comprehend the fundamental contract provisions and how they would be completed.

Conclusion

 

When looking for freight forwarders, freight transport forwarders often follow these fundamental processes. Therefore, putting in a little more effort to strengthen connections, consolidate positions, and have the courage to move things about is crucial.

 

Carrier Vetting Is Important to Supporting Freight Brokers Beyond Insurance

 

By John Lipscomb, President of National Shipper List

 

Despite not gathering freight material, freight brokers are crucial to its transportation. If they don't pay attention, they can also be subject to in-transit accountabilities. Anyone considering a career as a freight broker should be knowledgeable about the outputs and inputs of freight as well as the best techniques to safeguard oneself from the risks associated with such hauls.

 

When it comes to managing freight risk, the focus your broker puts on it, and their connections with carriers are just as crucial as insurance plans.

 

According to Micah Keith, Senior Director of Sales at Reliance Partners, brokers may be held liable for claims of missing or damaged products and other accountabilities, including accidents that result in injuries or even fatalities. It is thus important to keep oneself safe, he advises.

 

What To Do First

 

According to the BMC-84 program, securing a surety bond should be your priority once you have completed all the legal paperwork required to start your firm and applications for broker authority/rights with the FMCSA.

 

The bond serves as online payments to motor shippers and freight carriers up to a point if a broker breaches their contractual obligations. Keith concurs that the broker will appear in the FMCSA's SAFER records database once the $75K threshold bond is implemented.

 

Basics of Insurance

 

​You should consider your insurance options at this time. This has less to do with acquiring insurance coverage and more with how much it will cost.

 

Several vehicle liability alternatives are available to freight brokers, including truck broker responsibility, contingent auto liability, and third-party liability coverage. The usual minimum coverage is $1 million.

 

The purpose of contingent auto liability is to protect freight brokers from responsibility resulting from a car claim on a contingent basis. The Reliance Partners group asserts that while the motor carrier's insurance covers the main coverage, contingent auto liability represents an accurate claim within the context of the insurance policy that the motor carrier's insurance does not support or if the motor carrier's insurance provider goes bankrupt or fails to pay an applicable claim in certain circumstances.

 

Depending on the insurance provider, coverage limitations between $1 and 10 million are typical before a second deal is required for further limits.

 

Third-party responsibility and truck broker liability, as a broader insurance coverage, is intended to cover actual bodily harm and/or potential property losses resulting from the freight broker's activity as a transferring property broker. The insurance covers the broker, especially if they are held accountable for any accidents. It is not intended to support the shipper or provide additional protection for the vehicle shipper or carrier. Liabilities resulting from a shipper's or motor carrier's operations are not covered.

 

Before the requirement for further limits to be added from an excess transaction, the coverage's scope normally varies from $1 to $10 million.

 

Do not forget that the damaged shipment will also need insurance!

 

A broker's liability for stock loss or damage is also covered by contingent cargo insurance. Brokers should double-check the information on each contingent cargo form since many carriers tend to deny any claims for damages based on the waivers they have made in their contracts. Making the distinction between secondary and primary cargo insurance is also crucial. A broker may need to look at other possibilities if they take on responsibility for a loss of freight or damage.

 

​Different types of cargo and indicated exemptions are available. According to Reliance Partners, "follow form" schemes should be avoided at all costs. In several circumstances, the freight broker is also affected when a motor carrier's policy waiver is implemented.

 

​The normal minimum necessary for contingent cargo coverage is $100K. Therefore Keith advises buying at least that amount.

 

Carefully manage the risks using carrier filtering.

 

The burden of the risk-prone broker is somewhat lessened when working with additional insurance protection; nonetheless, insurance policies are just a measure of protection after operations. The broker must invest a lot of time and effort into risk management, especially when selecting carriers to engage with.

 

​According to Keith, the plaintiff's lawyers challenge as many insurance policies as possible. The attorneys will also look for the brokerage if they can use a legal opportunity to show that a broker shouldn't have formed a partnership with a certain carrier. Keith advises brokers to thoroughly evaluate their carriers by looking at their SAFER data listings and the CAB (Central Analysis Bureau) for any red flags and accident histories.

 

Ronald Ramsey, the chief commercial officer of Reliance Partners, counsels brokers to choose and deal with trustworthy carriers and to implement and maintain a carrier-vetting program. Ramsey urges brokers to develop effective strategies and be aware of the dangers not protected by insurance even though there is no standard course of action.

 

According to Ramsay, some brokers look at the CSA BASICs data scores, while others consider the carrier's length of operation. He further said that some brokers only hire carriers who have been in business for at least a year, while others just need three months of operation. Here, there is no set rule. Ramsay stresses that you must have a defined approach and adhere to it.

 

Ramsay asserts that freight brokers may be held accountable in three situations: negligent entrustment, vicarious responsibility, or contract-related assumption of obligation. He stresses the need to understand that contractual responsibility is often not recognized as a covered loss if a broker agrees to indemnify and determines a shipper to be non-dangerous.

 

Shawn Mcleod, vice president of Axle Logistics, advises picking which carriers to collaborate with by employing carrier-vetting and risk-mitigation platforms like RMIS and Carrier 411.

 

Mcleod underlines the need to investigate the freight carrier. Additionally, he advises having a few effective instruments at the ready to provide a detailed perspective of the carrier. As a freight broker, you must confirm that the carrier is still authorized to operate and that their insurance covers all of the carrier costs you need.

 

Registry Monitoring Insurance Services/RMIs provide automated transportation onboarding and compliance monitoring to carrier brokerages. Its massive freight database keeps track of about 98 percent of all active carriers in North America.

 

Additionally, McLeod instructs its staff to look at each carrier's out-of-service percentage. It's OK if it's up to 20 percent. Anything more, as he implies, puts his clients in danger.

 

He also proposes tracking carrier safety ratings using RMIS to determine if they are adequate, conditional, or lacking. Go to the SMS website of the FMSCA to see carrier security ratings there as well.

 

However, inexperienced motor carriers are often granted trucking privileges, which results in a sizable & of registered trucking businesses without any safety ratings.

 

Joshua Hoyle, manager of contracts and carrier compliance at GlobalTranz, explains that the FMCSA lacks the manpower to inspect every carrier frequently. You must be prepared to put in more effort if you want to utilize carriers with "conditional" ratings. Will you only cooperate with them if they can demonstrate how they address any issues the Department of Transportation has identified?

 

Hoyle also suggests that you must decide what to do about carriers without any safety ratings. Will you cooperate with them, or will you go above and above to guarantee that the carrier can be trusted in terms of safety?

 

The motor carrier may errors, but what about the broker's liability?

 

Freer broker carelessness's liabilities are addressed by errors and omissions insurance for freight brokers. This does not, however, mean that it immediately provides insurance against bodily harm, stock loss, or property damage. Instead, E7) responds within the parameters of an insurance policy for the broker's carelessness or errors and inconsistencies discovered throughout business, such as providing a carrier with false or incorrect information that might result in a shipping claim.

 

​Keith concurs that many workers in this sector are inexperienced. Hence errors are prevalent. To satisfy contractual responsibilities, he advises brokers to start with at least $100K in coverage. However, most plans allow for up to $1M.

 

Other Important Factors

 

People new to the freight industry should also be aware of other types of insurance, including general liability, worker's compensation, shipper's interest, and others.

 

Keith recommends aspirant freight brokers contact their insurance provider for information on the qualifications needed to work in the industry. He encourages them through the phone to constantly have questions, if any, and to be interested in the many ways a broker may be held responsible for certain occurrences.

 

He says there has been a lot of interest in starting a freight brokerage business in recent years and that, if you do your research, now is a wonderful moment to enter the brokerage industry. If we weigh future earnings against present insurance premiums, they aren't too expensive.

 

Shortage of Truck Drivers

 

By John Lipscomb, President of National Shipper List

 

Over the last ten years, there has been a truck driver shortage in the transportation sector. Even worse, this conflict goes on and harms the economy. Keep in mind that 68 percent of US exports depend on trucks. Due to the lack of truck drivers, driver compensation has risen, impacting supplier costs and customer pricing. Additionally, it may result in slowed shipment and a lack of products at certain businesses.

 

We go further into the reasons and remedies for the transportation sector's truck driver shortage in the following post:

 

Truck driver shortage factors include:

 

Gender and Age

 

Major demographic factors like age and gender are to blame for the lack of drivers in the transportation sector. Male truck drivers who are 45 years old and older are in the workforce. Furthermore, according to the Bureau of Labor, truck drivers in the US are 55 on average. Most of these elderly drivers retire after 10–20 years of employment, so the transportation sector is left in a precarious situation. If a risky condition persists—no new young drivers joining the industry—it will destroy the sector.

 

Because of the federal rule that you must be 21 years old to have an Interstate Commercial Drivers License, hiring teenage drivers might be challenging. To accomplish it would take anybody three years. Most prospective workers decide to explore elsewhere for other employment alternatives since it is rather demanding.

 

The fact that the transportation sector employs over half the population is another important demographic issue. In the US, women make up 47% of the labor force, yet just 6% of truck drivers are female. We need to dispel the myth that males belong in the transportation sector. We'll have a good chance of addressing the truck driver shortage if we can persuade and encourage more women to work in the sector.

 

The way of life of truckers

 

Another significant factor in the scarcity of truck drivers is the lifestyle of a truck drivers. Many individuals find this way of life difficult to handle, discouraging them from seeking a career as truck drivers. New drivers first operate on routes that need a lot of time spent on the road. They thereby lack the opportunity to see their family at home. Getting used to living in a vehicle and cleaning up at rest stops is challenging for most individuals.

 

​You won't have time to have a full dinner if you spend most of your time traveling. Eating fast food, snacks, and other items may negatively affect your health, including diabetes, high blood pressure, and other conditions. Many individuals consider this and decide to search for employment elsewhere.

 

A big problem for many individuals who wish to work as truck drivers is not getting enough sleep. Drivers are prone to forgo sleep breaks because of the need to deliver items to numerous locations swiftly. This impacts the driver's mental and physical health, which may lead to errors in judgment or even accidents.

 

  • Solutions to the lack of truck drivers

  • Reduce the amount of time that drivers spend on the road.

  • Boost the driver's compensation

  • Encourage more women to drive trucks.

  • Reduced legal driving age

  • Accept driverless trucks

 

Conclusion

 

The whole economy is very concerned about the truck driver shortage in the transportation sector. Understanding the shortfall can enable you to develop solutions before issues arise. We are hopeful that the information above will alter how things are now in the transportation sector.

 

7 Techniques for Freight Brokers to Increase Leads

 

By John Lipscomb, President of National Shipper List

 

A freight broker's main objective is to produce more leads. The process of generating leads is difficult and time-consuming. But if you want to keep your company operating, it's essential. You cannot have sales without leads; without sales, your firm cannot exist. Finding fresh and original approaches to lead generation is crucial. Additionally, there are a few particular things you can do as a freight broker to generate more leads.

 

How Freight Brokers Can Increase Lead Generation to Expand Their Businesses

1. Participate in the freight industry

 

Make sure to participate in the freight community to increase your lead generation. Participate in debates in relevant internet forums. You will establish trust with prospective prospects and connect with them. To connect with other professionals and get leads, you may join trade organizations or go to industry events.

 

2. Use the contact lists you have right now.

 

You likely have a list of your present clients and prospective customers. They may be people or businesses that have previously shown an interest in your offerings. Make use of this list by routinely contacting the individuals on it. Send them informative material, company updates, or perhaps a kind remark. It will boost your chances of getting new business and keep you in people's minds.

 

3. Citations

 

One of the simplest methods to create new leads is via referrals. If you provide outstanding service, customers will gladly recommend you to their friends and coworkers. Give them sharing links or referral cards to make it simple for them to accomplish this.

 

4. Maintain a notebook in your vehicle or truck

 

Take down the names of any businesses you come across while driving. Note the person's name, any surrounding landmarks, and any other pertinent details that may help you build rapport with them throughout your talk.

 

5. Examine the Location of Your Present Loads

 

When you know where your cargo is heading, research the nearby companies. Even your existing customer could recommend you to someone else. Businesses in these regions probably need to shift cargoes, and they understand that if you are already shipping to their destination, it will be more affordable.

 

6. Visit Producemarketguide.Com

 

Information on produce is current on the webpage. Resources on food manufacturing may be found on CareersInFood.com as well. Manta.com provides comprehensive company information, including email addresses. Additionally, you may utilize the greatest shipper list on the market, which is the fastest and most effective approach to creating leads.

 

7. Verify the locations of current loads' drop-off and pickup points

 

Speak with these businesses. If you persevere when they first claim they have no loads available, you could eventually receive a load from them. The business could not want to employ its vehicle, or it might have a shady freight broker.

Conclusion

 

Creating tracking leads may be done in a variety of ways. You must, however, exercise creativity and perseverance. Examine many approaches to find which one suits you the best. Purchase the greatest shipper list available by visiting www.nationalshipperlist.com; this website has a ton of fresh business chances. Put in a little work to obtain leads.

Dispatcher vs. Freight Broker

 

By John Lipscomb, President of National Shipper List

 

Brokers and dispatchers are people with unique jobs in the supply chain and freight business. However, in the global import-export game, these terms are often confused. To help you grasp the distinctions between the two, we'll go through their definitions and job descriptions in greater detail in this blog.

 

The distinction between a broker and a dispatcher

 

Depending on the person, brokers and dispatchers might mean different things. When we speak about freight brokers, we're referring to a person who acts as a middleman between the shipper and the trucking business and provides freight services, including generating and managing pick-up and delivery schedules and monitoring the progress of the load's transportation. In contrast, a dispatcher supports a carrier in freight negotiations. They aggressively encourage dispatch services to find carriers with higher-paying cargo since they retain a share of the shipping carrier's negotiated fee. Therefore, the dispatcher earns more money the greater the carrier's rate.

 

Which one is best for your freight transport, even though both act as liaisons in the freight industry? To make an educated decision, let's examine each in more detail.

 

Job description for a freight broker

 

Freight brokering is when a broker agent acts as a middleman between a driver and a shipping company. Typically, freight brokers earn money by negotiating various prices with the parties involved. Since the shippers are the only ones who can support themselves, they work hard to keep them in business. In other words, brokers must convince shippers to pay high rates while offering carriers pricing that generates a profit. It's common to refer to the differences between two rates as a commission.

 

Excellent communication skills, an understanding of payments, and a thorough understanding of client tactics are necessary for freight brokers. It's also important to remember that the freight broker will deduct 2 to 3 percent off the carrier's agreed-upon fee if the transaction is completed fast.

 

Job description for a freight dispatcher

 

A dispatcher represents the trucking company in negotiations with the carrier. He represents the trucking firm, to put it simply. To save them time searching load boards, he links all broker companies to his network of carriers. He does, however, deduct a percentage of the contractual amount with the carrier. Therefore, the more costly the carrier, the more money they may earn.

 

A competent dispatcher keeps their stocks updated with the carrier's preferred freight rates, route requirements, and equipment specifications. The dispatcher contacts the shippers or freight brokers on behalf of the driver to settle shipments that satisfy the carrier's standards using the statistics. Remember that a service charge from the dispatcher to the carrier is only due after a stipulated load.

 

Dispatcher vs. Fright broker

 

Dispatchers collaborate closely with carriers to get the most affordable shipping prices. They exist to guarantee the best freight toll possible. Although most dispatchers confirm valuable freight shipment by working through freight brokers or load agencies, finding one that works directly with a shipper is worthwhile.

 

Expected Freight Costs for 2022 to Remain High

 

Due to market instability, analysts predict that high freight prices will continue throughout the year.

 

According to Avery Vise, vice president of truck research at FTR Transportation Intelligence, "we probably peaked in December, but for the first quarter and even second quarter, we are likely not going to witness any degradation in the pace of the environment at all."

 

According to FTR statistics, the overall truckload rates are nearly 12% higher year-round. They are anticipated to increase by 2.5 percent to 3 percent annually. This contrasts with a rate increase of 14% for contracts and a jump of 29% in the spot market. However, the spike in rates from the previous year may cause overall year outcomes to settle in the latter months.

 

The return to our real levels before the epidemic was rapid by the middle of 2020. However, we saw a significant rate rise in the second quarter of 2021. Thus, as the year progresses, we should see increasing steadiness.

 

According to a freight index estimate created by Cowen Research and AFS Logistics, truckload prices will increase by 28.2 percent per mile this quarter compared to January 2018. The baseline was chosen because it represented a normalized freight market unaffected by COVID-19. It was 25% greater in the previous quarter of 2021.

 

Tom Nightingale, CEO of AFS Logistics, stated, "Considering what the industry is generally experiencing, this record level of 28.2% over the 2018 base didn't catch us by surprise.

 

The AFS Freight Index also noted that truckload prices would be consistent with the prior quarter while being 35.8 percent higher than the baseline. The Ground parcel prices are anticipated to increase by 26.3 percent over the baseline and 19.2 percent over the previous three months.

 

Jason Seidl, a Cowen analyst, said, "Right now, there is still a tremendous demand out there, and you are not obtaining the high capacity to come back to the market."

 

The Index revealed that LTL and parcel carriers had had general rate increases (GRIs) the previous year and that strong truckload pricing power was contributing to driving prices.

 

The cost of truckload capacity jumped in mid-December, said Ronnie Davis, vice president of North American land transport for C.H. Robinson. Then, over the holidays, it increased more than anticipated. The seasonal reduction we typically encounter in a regular workplace does not appear to be present in January. The main economist revised his projection from a 4 percent annual increase in spot rates in 2022 to a 6 percent increase.

 

Since truck drivers returned from vacations rather slowly, Davis said the first quarter and the beginning of the second quarter are anticipated to have higher growth rates. Drivers seem to be pushed more freight onto the spot market by the omicron variety.

 

Because usage is still at its top, there are capacity issues, and the market is under pressure, Avery Vise does not anticipate that spot prices will curve lower.

 

According to the DAT data, spot rate market volumes are up 80% over the previous year. However, overall freight volumes remain stable. Utilizing a trusted shipper list is crucial since freight loads are becoming tougher to get by nationalshipperlist.com

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Are New Freight Brokers Getting Adequate Training?

 

By John Lipscomb, National Shipper List's President

 

You must continue the freight broker training to join the millions of successful freight brokers and agents in the US. Although some may disagree, statistics demonstrate that people who have received advanced training have a higher chance of success than those who have not.

If you want to work in this economic sector, broker training is crucial for various reasons. Following is a list of some of these elements:

 

The value of education for freight brokers

 

You may continue working in the industry if you enroll in a quality online forwarding training course. A decent program does not expect you to generate a large profit and run a thriving brokerage while polluting the freight sector weekly.

You will have learned something if you can put the knowledge you have acquired to use in the field. You may earn a lot of money if you get a lot of payments for your industry expertise. Consider if you are capable of using the knowledge you possess or whether you are aware of it.

 

What does a freight forwarder mostly do?

 

Here is an outline of the freight forwarder's job for businesses that do not yet understand what it can accomplish.

Both a freight broker and a freight negotiator do essentially the same roles. The most successful brokers begin as representatives. Freight brokers communicate with captains to arrange for the pickup of goods.

Before the transfer is delivered by its brokers for payment, they will also make arrangements with shipping firms to transport the goods and generate the paperwork required for the transfer. Their primary goal is to guarantee accurate and timely delivery of both leaving and arriving cargo.

They are seeking trustworthy transportation providers that can satisfy their demands and specifications. They choose the least expensive and most practical route since they are responsible for delivering goods.

Freight brokers seldom meet with their customers in person and instead conduct business over the phone or online. Simply ensure that the shipping is done by trustworthy individuals and consider the carrier's cost. Freight negotiators who acquire training certifications often have more than others.

 

What is the cost of the training?

 

Programs that cost between $500 and $6,000 promise to help you enhance your profession as a freight forwarder from the convenience of your home. Undoubtedly, "some" of these apps function. Sadly, most attempt to cram a lot of industry information into brief online sessions. Do some research and choose the appropriate training program.

You should seek online training that enables you to work at your speed rather than according to a set timetable. Relying on their scheduled webinars and timetable exposes you to a wasted investment.

Look for certification programs for freight brokers that let you choose your hours. By doing this, you will be able to learn important knowledge and effectively apply it to real-life situations.

How Freight Brokers Maintain Movement of Freight

 

​By John Lipscomb, President of National Shipper List

 

Because of limited capacity and overworked truckers, carriers have a choice of brokers with whom to partner. For a free shippers list for freight brokers, go to nationalshipperlist.com. Shippers must have a strategy. As a freight broker, you may use the following strategies to keep cargo moving toward its destination:

 

Be considerate to truck drivers.

 

Although it may seem straightforward, carriers must go above and beyond to ensure a facility is appealing to truckers. A firm is more enticing to drivers with clean break rooms, bathroom facilities, ample parking, and WIFI connectivity. Additionally, it helps to minimize the time drivers are detained since drivers are often conscious of their waiting time.

 

Make sure that drivers can access your facilities swiftly and effectively. At the distribution hub, truckers dislike waiting around in silence.

 

Detention of drivers is the top issue for truckers, particularly during the post-corona epidemic, according to the 2020 workaround poll. Detained drivers work fewer hours, get less money, and may even take other loads.

 

Recruiting And Retaining Competent Employees

 

Every sector has the pressing challenge of finding, employing, and keeping the proper workers while concentrating on operating profitably and providing for their clients. Lacking the appropriate technology and tools for the task might make it difficult to retain employees.

 

​If you are attempting to retain talent with an old, complicated, and inefficient IT stack, there may be pressure on your employees to leave your firm for one that is making investments in those areas.

 

Additionally, people want to enjoy the benefits of their labor, helping customers in ways that make them joyful and feel most productive. Providing customers with the greatest services and support benefits all parties involved. Truck drivers want to be acknowledged for their difficult work.

 

Take Organizational Inefficiencies Off the Table

 

Shippers may take various actions inside their organization to ease the pressure brought on by capacity constraints. Systems that promote efficient team communication are necessary to stop these issues.

 

Do you have procedures to manage impending changes, such as increased production, via cross-functional discussions with warehousing, customer service, and demand planning? It helps distribute traffic and gives carriers a sense of shifting transportation requirements.

 

Embrace technology

 

Modern technology has advanced logistics from the fax machine era to the current state. A route into the flow of inventory and a method to find additional carriers for shippers are provided by any visibility solution or transportation management system (TMS). The right technology gives shippers access to a large network of carriers and provides a wealth of information.

 

Utilize the Data

 

Shippers and carriers require sufficient information while moving products. If you want to evaluate their performance, the data may be useful. The team may choose the best individual to work with by looking at carrier data like as fallouts, rate of tender acceptance, bid conformance, and on-time delivery. Everyone in the group should be able to quickly access the data.

 

Benchmarking may, however, also be done internally. The best and simplest way for shippers to use data is to ensure their performance levels with carriers go above and beyond the call of duty.

 

Conclusion

 

Even though access to carriers is less available than it once was, shippers may make sure that inventory is moving using practical methods. Do you need a free shippers list for freight brokers? Check out www.nationalshipperlist.com.

How Logistics and Shipping Can Cause Freight Brokers To Fail To Make Money

 

By John Lipscomb, President of National Shippers List

 

The vitality of the shipping and logistics industries depends on freight brokers. They coordinate the movement of commodities from one location to another by bringing shippers and transporters together. Although freight brokerage is a profitable industry, it is also very competitive. Avoid these 6 typical blunders if you're starting a freight brokerage or searching for strategies to increase revenue in your current brokerage.

 

Lack of Capital Expense Planning

 

Brokerages face fewer financial obstacles than logistics and transportation firms. This does not imply that you should disregard your company's initial costs and ongoing financial requirements. All business expenses must be taken into account by freight brokers.

 

For freight brokers not financially equipped to remain afloat for a lengthy term, the costs may add up rapidly and make it impossible.

 

Missing a business plan

 

Any business owner, whether running a large corporation or a solitary proprietorship, must be conscious of their path to thrive. The simplest method to accomplish this job is to write a solid business strategy. Lack of a business strategy may soon cause problems for the company.

 

Make sure to take the time to decide on prospective marketing approaches, price structures, client acquisition techniques, and corporate financing before beginning your brokerage firm.

 

Lack of Knowledge of Licensing Requirements

 

Federal regulation is one of the most important prerequisites for entering the freight brokerage business. To operate lawfully, freight brokers must obtain a freight broker license, post freight broker trust, or bond. Future failure of your firm may result from not meeting or misinterpreting the criteria before launching.

 

Skipping Opportunities for Networking

 

Although marketing is essential to the success of any freight broker, networking can be quite effective in establishing contacts in the sector. Both new and seasoned freight brokers may network with experts in the field to expand their clientele.

 

Utilize the chances to network in person or via online forums, and be sure you collect contacts and follow up immediately. Additionally, you might find contacts by using a trustworthy shippers list.

 

Considering market needs casually.

 

Since many freshly licensed brokers are entering the market each year, freight brokerage is quite competitive. Make careful to demonstrate to the shippers and carriers that you are able and willing to accept additional business. Develop a marketing plan to continue being relevant to your current and future customers. You may choose between technology-driven marketing campaigns using social media, email, and the web, as well as radio or print advertisements.

 

Ineffective communication with both current and potential customers

 

Today's market has many freight brokers, making it essential to interact effectively with current and new customers. Your company may suffer if you don't answer your phone or return your emails or if you don't provide proper information when you're selling. Create a communication strategy to make sure your customers and prospects feel appreciated.

 

Conclusion

 

Several factors might cause a freight brokerage firm to fail, but you will be much better off if you are aware of the possible dangers and take precautions to prevent them.

 

By adhering to these suggestions, you may offer your freight brokerage company the greatest opportunity for success. Additionally, for your company's requirements, always pick a trustworthy shipping list like www.nationalshipperlist.com.

How to Choose and Assess a Reliable Carrier or Truck for Freight Brokers

 

By John Lipscomb, President of National Shipper List

 

Agents who ship are looking for reputable carriers to get in touch with them before shipment. However, a study in this field is thought-provoking regarding sales personnel and client acquisition. They must use various techniques and invest a lot of time to offer the greatest results to society to do this.

Investigate the carrier's standing, the manufacturing process, and the measures used to ensure that your products are completely secure before you make any decisions. Check out these tips for picking the finest carrier business.

 

View Purchase Record

 

This survey is about individual purchases. However, everyone is often making online orders. You may monitor your recent purchases from Amazon and other well-known online retailers using your online banking history.

For brokers, it's a terrific approach to get practice transporting various items because of how inventive this method is. You may utilize this simple technique if you are in the field and considering how to enhance your search.

 

Monitoring market competition

 

This is a typical response in any situation when a corporation has to be aware of its primary competitors. Find the "largest fish" that has a large carpool.

Thanks to the firm's website and other tools, any freight forwarder may thoroughly research the competitors. Shippers of certain brands might work out a good deal for a particular course.

Using different folders or forwarder lists

 

The directories, where you can view a long list of forwarder professionals accessible to you, are another option you may think about. You may also find certain books and manuals online.

Brokers can locate comprehensive information on the manufacturing firms or specific items. They should provide you with information on all the prices associated with different loads so you can make a thorough comparison.

Then, shippers concentrate on carrier-available catalogs. It is wise to start by focusing on people bearing several loads.

 

Satellite image of several office towers

 

The globe can still be traversed with Google Maps. Trucking carriers may benefit from having a view of the streets and buildings in this respect. In this manner, you can quickly and simply verify the locations of the delivery ports, the locations of the things being received, and more.

Only after making such observations may inferences be made about a certain business; doing so enables you to look more closely at what it does and how it operates.

 

Make contact with the chosen dealer.

 

Once the shipper and a certain supplier have a contract, he should contact the freight forwarder. The simplest approach to express interest is to write a formal email.

There is probably no input that can be seen, however. It would be preferable if you entered into a direct conversation to comprehend the fundamental contract provisions and how they would be completed.

 

Conclusion

 

When looking for freight forwarders, freight transport forwarders often follow these fundamental processes. Therefore, putting in a little more effort to strengthen connections, consolidate positions, and have the courage to move things about is crucial.

 

Largest Increase in Employment in a Decade for Freight Transporters

 

By John Lipscomb, President of National Shipper List

 

The number of freight transport employment increased in the United States in April; it was the biggest growth in the previous nine years. Data released in March showed a sharp decline in employment compared to a February report. Since it began to ramp up in April 2020, the March report was the first time that the number of employees in the freight transport industry had decreased. Many individuals believed that the entire freight industry was about to collapse.

 

According to the statistics gathered in April, trucking employment has drastically increased. There are now 1,564,100 people employed in the industry, an increase of 13,000 jobs. Since April 2013, when 15,800 positions were created, there has been the most increase.

 

The number of positions between February and March was originally down by 4,900, according to the Bureau of Labor Statistics, but after corrections, the decline was still 5,600. This suggests that there was a higher reduction between these months.

 

In contrast to previous months, there was no significant difference between the changes indicated by seasonally adjusted or non-seasonally adjusted figures. The consistency of the data is shown by the fact that the 13,000 job increase in the seasonally adjusted figures was topped by 14,100 jobs inside the non-seasonally adjusted statistics.

 

The reliability of the data, in Jason Miller's words, implies that "the huge decrease in dry van and refrigerated spot costs is not yet weighing on employment," according to Miller, an assistant professor of logistics at Michigan State.

 

Miller also monitors the freight transport sector's month-ahead subsector statistics. According to Miller, employment rates are at an all-time high in the critical industry of "general freight transportation, long-distance, truckload."

 

The number of warehouse employment rose by 16,800, from 1,769,000 to 1,785,800. 4,300 more jobs were included in March's statistics revision. According to these figures, there were 171,000 more warehouse positions in April than a year before.

 

This is, however, seasonally adjusted. The number of people employed in warehouses fell by 8,200 on a non-seasonally adjusted basis. Given that the unadjusted data showed a lesser decline than expected, the seasonally adjusted number should be viewed cautiously.

 

​What Are Some Other Vital Report Highlights?

 

Production and nonsupervisory employees in the freight transportation business had a 49-cent per hour salary boost in March, the most current month for which statistics are available. In the preceding month, it went up by 48 cents. Since the series started in 2012, this combined 97-cent-per-hour rise is the largest two-month increase.

 

​The hourly wage is now $27.18 per hour, up $2.74 from last year's amount. The staggering 6.7 percent rise in the price index for the freight transportation sector between February and March may have been influenced by this. This comes after advances of 1.4%, 1.4%, and 1.1% in the previous three months. It has climbed by 24.7 percent since last year.

 

1,113,100 more people were employed as couriers, a rise of 14,900. Miller, an associate professor of logistics at Michigan State, pointed out that the results were somewhat dubious because the courier industry also showed the same tendency in warehouses, which is a decline in non-seasonally adjusted job counts followed by an increase in seasonally adjusted job counts.

 

Given that the sector had 45,600 posts, it was the 24th month in a row when rail posts were between 143,000 and 148,300. However, since 2020, employment in the rail industry has never exceeded 148,000, and only once have they fallen below 144,000. As a result, the industry's employment rate is remarkably constant.

How Your Freight Company Can Succeed in a Volatile Market

 

Through difficult times, your firm will grow if you keep involved with your customers, provide answers to their evolving requirements, and remain committed to your corporate objectives.

 

By John Lipscomb, President of National Shipper List

 

 

KEEP DIRECT LINES OF COMMUNICATION WITH YOUR CLIENTS

 

You may be hesitant to talk to your customers now, but by doing so, you might miss a golden chance to strengthen and develop existing relationships.

 

This does not suggest that you should pressure your customers to buy anything. This is the perfect time to remind them of how you may assist in controlling their company dynamics. Your customers will likely call you whenever they feel it is suitable if you show them that you understand them and provide pertinent insights.

 

ARRANGEMENT OF SERVICES TO SUIT CLIENT NEEDS

 

Developing a more adaptable strategy is essential. Many supply chains have seen an increase in demand over the last several months in areas of their operations that may not have previously been utilized. For instance, you could have a customer who previously used your company for small truckload needs but now wants you to help with speedier transportation.

 

Make sure your customers know the full scope of your products and the method(s) by which you may satisfy their new needs. This might help your freight firm generate additional revenue in addition to resolving client complaints.

 

Additionally, this may be a fantastic chance for you to better understand the requirements of your clientele. Are you aware, for instance, of how this year's events have changed? Where are your competitors?

 

When you next connect with your customers, all these insights will offer you an advantage.

 

GET TO KNOW YOUR BUSINESS BETTER

 

You may take advantage of this chance to better understand your company's dynamics if you have additional time and energy.

 

Identify any areas of your company that might need improvement.

Keep track of your monthly revenue comparisons.

Keep track of how your staff is responding to the new requirements.

The better your position as the field matures, the more familiar you are with your company's operations.

 

KEEP YOUR SHORT-TERM TARGETS AND REEVALUATE YOUR LONG-TERM OBJECTIVES

 

"Sometimes it's hard to keep focused with so many things operating at the same time, especially if your company has been wobbly recently," says John Lipscomb, President of National Shipper List and a longtime industry insider. You should stick to the short-term objectives you've previously established. You establish these objectives and work hard to stick to them.

 

Your long-term objectives, however, will need to be reevaluated. Based on your understanding, make plans for your company's future, but be aware that your priorities may need to change as time goes on.

 

You are not alone if you believe your company's future is uncertain. Keeping in touch with your customers and addressing their new demands while focusing on your business goals can help you grow your company through difficult times. Additionally, it will open the door for achievement when conditions become better.

 

 

The Importance of Having Relationships With Freight Brokers

 

By John Lipscomb, President of National Shipper List

 

This is due to the following. Several interrelated aspects affect how well the transport and logistics industry performs. This includes truck drivers, new technology companies, shippers, carriers, freight brokers, and all other supply chain participants. You must have strong business relationships with the carriers or manufacturers you work with to be a successful freight broker.

 

Freight brokers must dedicate time and energy to developing their connections and relationships from the start if they want to continue their company. Knowing the Freight Brokering Sector According to recent statistics, more than 17,000 freight brokers are now working in the United States. Many individuals work for brokerage firms, some of whom own their own companies. Registered brokers must take several steps in both situations to ensure that their business activities are consistent with current federal requirements. The most important step in getting a license is registering with the Federal Motor Carrier Safety Administration and getting motor carrier permission.

 

A freight broker must also attend a training academy to acquire the skills necessary for the profession. One of the most popular ways for brokers to protect their financial stability is via freight broker bonds. An established connection is crucial if a freight broker bond is required. A broker is granted credit based on prior financial success and reputation when given a bond. If it is determined that the broker violated federal rules while doing his business, the bond will be held liable for paying the claim on his behalf. The surety company must think the freight broker is a strong candidate for the bond due to this agreement, which suggests minimal claims in the future.

 

A solid working relationship with the surety firm is advantageous for renewing bonds and making claims. Both connections and cash flow are crucial. The business relationships of a freight broker are equally significant when it comes to financing partners. For small businesses, banks, credit unions, and online lenders can assist with important projects, expansion, or cash flow coverage as necessary. You are powerless if you don't have a connection with certain individuals. Freight brokers could run into trouble while dealing with lenders or other financial institutions. Cash flow might become tight for certain freight brokers when customers pay late, or the company slows down. The business still has costs to pay. Therefore it could be essential to step up marketing or advertising initiatives to attract more customers. For each of these issues, certain sums of money are required. A company loan, invoice factoring, or line of credit lender link might be the difference between prospering during a moment of fast development and just getting by during a dry spell.

 

 

Keeping Customers Satisfied Finally, for freight brokers to succeed, they must create solid relationships with their clients. The freight brokerage market is quite small compared to other facets of the transportation and logistics industry. There is increasing competition every day. An annual influx of seasoned business professionals joins the ranks of freight brokers due to the cheap entry criteria and beginning costs. As the number of available broker licenses increases, it can become more challenging for seasoned experts to retain an edge over newbies.

 

Strong working connections with customers, business partners, and other networking contacts are essential to staying on top of the game. To remain relevant, other professionals in the transportation industry need to be aware of which broker has a reputation for keeping his or her word to carriers and shippers. In the same manner, having effective procedures for problem-solving and communication promotes the development of long-lasting alliances. The freight brokerage industry may provide lucrative employment to those motivated to transport freight swiftly and efficiently. On the other hand, solid relationships are crucial in almost every aspect of the company. Brokers must build and maintain excellent working relationships with their assurance company, financial partners, and, of course, their customers and business partners if they want to succeed now and in the future.

 

 

Industry Terminology for Freight Transportation

 

​By John Lipscomb, President of National Shipper List

 

Declassifying the language used in freight transport and logistics may be challenging, whether you are a novice or a seasoned professional in the field. But for many individuals, the freight sector will always be mysterious since they don't understand these phrases. Sharpening your understanding of diverse terms is essential if you want to comprehend the freight sector's ins and outs.

 

We did an extensive study and produced a reference tool with several phrases to assist you in fully comprehending the freight sector.

 

Let's now go further into the logistics and freight transportation jargon:

 

Agent: A person who manages business when it comes to freight forwarding on behalf of another person or company. The terms will determine whether the individual has complete or restricted power to make choices. The agent may oversee insurance, paperwork, or customs processes.

Accessories: This freight forwarding word describes ancillary services, including delivery, non-commercial services, specialized equipment, and more.

In the logistics sector, the word "adjustments" refers to expenses incurred after a shipment of products has been delivered.

 

Axial load: For proper lane management practices, an axial load is essential. It speaks about the weight that the shipment's axle adds.

Although the property has another individual's legal title, the phrase "beneficial owner" refers to the person who owns the freight.

 

Backhaul: A loaded truck's return journey is referred to as a backhaul in the freight sector. The carrier often goes back to where the freight was original.

 

This legally binding agreement between the shipper and the carrier is known as a bill of lading (BOL). It includes descriptions of the kind of cargo, the owner, the destination, and other crucial freight shipping information.

 

Bulk freight is any cargo that is not transported in containers or packaging. There may be liquid or granular bulk freight options.

Brokers must have a license to transport cargo by land, sea, or air.

 

Chassis: A frame used to keep containers intact during transit is referred to by this name in the freight transportation and logistics sectors.

 

Classification: This phrase refers to numerous freight classifications on the consignment to calculate transportation costs.

Damage on things only visible after the owner opens the box is called concealed damage.

 

Consignee: A consignee is a person who accepts and pays for a cargo of freight after it has been delivered.

The consignor is the consignee's owner and seller of the consignment being shipped to the consignee. Until the consignee pays in full, the consignor is still the legitimate owner of the goods.

 

Customs Broker: This is a term used to describe a licensed person or business by the US Treasury Department who represents freight buyers and sellers in US customs transactions.

Shipments from suppliers are referred to as inbound freight and are an essential component of supply chain management.

When something is "warehoused," it is kept in a physical location until it is ready to be sent.

 

Conclusion: After reading over the above terms, take a minute to consider the whole procedure. The freight sector is probably no longer a secret. We think you now better understand the logistics and freight transportation sectors.

 

 

 

How to become a freight broker

 

By John Lipscomb, President of National Shipper List

 

 

A freight broker is what?

 

Independent companies call freight brokers to look for the most affordable and secure modes of transportation for the goods they are moving. They do this by developing a strategy to save their customers money and ensure that their shipments are delivered on schedule utilizing their expertise in freight pricing, contract logistics, and international laws. Many businesses use freight brokers, including manufacturing, retail, import/export, or even overseas business travelers who need to transport items back home.

 

Successful freight brokers play a crucial role in moving products and cargo throughout the United States and may make up to $100,000+ annually.

 

In the US, freight brokers are accountable for:

 

  • keep an eye on the complete product delivery procedure (from warehouse to store)

  • being the conduit for career and business communication

  • Change carrier and company rates and contracts for a modest price.

 

A freight broker firm connects shippers with carriers, creating a vital connection in the freight sector that helps move products.

 

How can you turn become a freight broker?

 

​Establishing a freight brokerage company for trucking and transportation entails having complete control over every aspect of the shipping procedure. Before starting their journey, new freight brokers will require a thorough grasp of what it takes to run a certified freight broker firm.

 

Before finishing a freight broker training course, you should ideally have satisfied several prerequisites, registered your firm, and applied for a DOT license to the FMCSA. You will also need a $75,000 freight broker bond to continue your business and keep your license.

 

Rules or procedures to follow to become a freight broker

 

The following is a concise summary of some freight broker instructions or steps:

 

  • amass business knowledge while studying

  • Enroll in a freight broker training program

  • Register your business and choose a name for it: Partnership, Limited Liability Company, Corporation, or Sole Proprietor

  • Construct a Business Plan

  • Locate the Best Carriers

  • Obtain your broker permission and a USDOT number.

  • Purchase a freight broker bond

  • Get general liability and contingent freight insurance.

  • Make a Process Agent Available in Every State

  • Purchase the following items: a computer, a printer, a copier, a fax machine, a landline and a mobile phone, office supplies, and a reliable internet connection.

  • Get the necessary startup funding.

  • Promote your freight broker company

 

How much time does it take to succeed as a freight broker?

 

Even though a freight broker training course typically lasts 30 to 45 days, the whole application and registration procedure might change. This is because you will need to gather the necessary documentation following your training before applying to the FMCSA for your license and procuring the necessary insurance and freight broker bonds.

 

It is also crucial to remember that if it is vital to you or you change careers, most training institutions will let you take courses at your speed.

 

What does it cost to run a profitable freight brokerage?

 

To begin becoming a freight broker, it goes without saying that you will need to spend some money on both your firm and yourself. You will need to factor in yearly fees and up-front costs, which may be anywhere from $4,000 to $10,000. Additionally, a significant portion of the total cost of your freight brokerage will rely on your unique situation.

 

In general, the account you need to have is:

 

  • Regulation and Licensing

  • Bail Bond

  • Space for Equipment and Offices

  • Insurance

  • Advertising and marketing

 

 

How to Develop into a Freight Dispatcher

By John Lipscomb, President of National Shipper List

 

Freight dispatchers are responsible for planning, arranging, and managing the movement of freight trains, trucks, aircraft, and other carriers.

 

The qualifications needed to work as a freight dispatcher vary based on the firm's needs. However, as this position is often the initial step in a career as an expediter, applicants may need prior experience as a dispatch supervisor or driver before being qualified for the position. Each obligation can thus be considered as part of one large process.

 

There are just a few rivals for freight dispatchers, namely 3PLs and transportation firms. That might be because few people know how to get one, even though most people are aware of these occupations.

 

First, you must have high school graduation or GED. Technical training is sometimes required as well. You'll then go through training, which includes learning to read the loading plan on the trailer and what pens to use when loading and unloading equipment. This is known as "breaking down paperwork."

*Depending on state law, additional educational requirements, such as OSHA Safety Training and Federal Motor Carrier Safety Grants, may also apply.

 

By providing correct records, freight dispatchers are accountable for securely guiding goods to their destination.

 

You have two options for training to become a freight dispatcher: on-the-job training or an online degree or training program from us.

 

The perks of working as a freight dispatcher are many. Freight dispatchers manage networks, inventories, and schedule deliveries to assist you in maintaining your shipments on schedule.

 

Additionally, they communicate with staff to keep them informed of any roadblocks.

 

The movement of commodities via transmission by rail yard brakemen on the train is monitored and managed by freight dispatchers. They will relay this information to the person in charge of processing their package (s).

 

Freight businesses desperately need drivers who can be dispatchers since 22% of truckers abandon their jobs. If being a dispatcher is what you want to do, getting these higher-profile jobs requires education and years of experience. All this amounts to putting in your time and effort for at least five years while earning management experience. There are several colleges where you may enroll to become a cargo dispatcher. However, the most prominent one relocated to California from Illinois in 2009.

 

The differences between a logistics coordinator and what it takes to become one will be covered in this section. A logistical coordinator is a person who brings together numerous situational stakeholders and relationally arranges them to accomplish a shared objective. This individual ensures that they comprehend how resources are distributed for the objective or job to be successfully performed. These two positions are often combined under one person by the company's vice president of operations. Depending on the size of the organization and the level at which they want the burden spread, they could also assign other jobs.

 

On the other side, a freight dispatcher guarantees that the cargo shipment is on time by providing information about it. They may need to keep an eye on inventory by comparing pickup and delivery dates to promises made by shippers.

 

Freight dispatchers coordinate the activity of drivers to a delivery location. They perform tasks like figuring out the costs associated with each shipment, looking for qualified truck drivers, planning routes and freight, providing drivers with traffic updates along the way, delaying and rescheduling loads to prevent delaying other shipments, and meeting with drivers at locations nearby or in advance of a shipment.

 

Freight dispatchers often pay close attention to detail and have the ability to inspire and lead people in stressful situations. Advanced problem-solving, algebra, freight inventory management, computer system operations, and fact organization abilities are also required for logistics organization procedures.

 

 

The Future of the Freight Industry with Electric Semi-Trucks

 

By John Lipscomb, President of National Shipper List

 

When searching for creative solutions to enhance transportation, we often prioritize passengers and personal cars. We often overlook that the freight sector uses 1.02 billion barrels of gasoline yearly. To revolutionize the transportation sector, the freight sector must always be included.

 

The United States is one of the most significant nations in the discussion of climate change. They are adamantly opposed to hazardous semi-truck emissions. Even though it has been difficult, the logistics sector has adopted this substantial change just as quickly as the transportation sector.

 

Many nations are following suit and are prepared to outlaw the use of fossil-fueled automobiles to cut down on environmental pollutants. Electric vehicles will improve freight delivery while preserving the environment.

 

Why trucks are switching to electric power

 

America must provide a wide variety of gasoline to meet the demands of diverse logistics and transportation firms. They use 20% of the world's petroleum, demonstrating their dependence on traditional energy sources. Price increases for petroleum often result in supply interruptions.

 

Additionally, the logistics business finds it challenging to control transportation overhead costs due to the instability of traditional energy sources. Even worse, the price of logistics is increasing. One of the most compelling arguments for businesses to switch to fossil-free transportation. Companies won't have to worry about fuel, price increases, or other inconveniences if they make this change.

 

Gasoline prices sometimes decrease. However, because of the rising inflation rate, businesses must raise their annual gas expenditures. Finding a solution to eliminate this and adopting electric vehicles designed to address issues in the transportation sector is the best course of action.

 

Professionals in the sector should also consider environmental emissions. They have reduced environmental emissions by 95% during the last two decades. That's not enough, however, since the logistics sector's need for semi-trucks will increase the number of vehicles on the road. The ecology and natural resources will suffer from the accumulated emissions.

 

Truck aerodynamics have improved due to the modifications to logistics design, helping to reduce fuel consumption and emissions. But converting to fossil-free transportation will benefit the freight management sector, i.e., addressing different flaws and cutting fuel costs—no more stops at gas stations for gas.

 

Veterans are promoting the use of fossil-free trucks.

 

Electric vehicles are being made by a variety of companies to address a variety of problems in the logistics and transportation sector:

 

Elon Musk and Tesla, Inc. unveiled the ideas for two electric semi-truck models in 2017. It was anticipated that the Semi Class 8 electric vehicles would arrive in 2021. Before this, several businesses started making early reservations to alter the freight industry standard.

 

Nikola Corp: The American business arranged to supply a semi-truck powered by Tre batteries. By 2023, they expect to have received two orders for fuel cell-powered vehicles. The 20-minute charge time is the main selling feature of Nikola Corp's fossil-free vehicles.

 

Conclusion

 

To ensure a brighter future, the world must embrace electric vehicles in the transport and logistics sector. Fuel costs and other weaknesses, which often affect freight firms' operations and supply, won't be a concern.

 

 

The Supply Chain is Changing Permanently: Here's How to Manage It

 

By John Lipscomb, President of National Shipper List

 

Although the ups and downs the shipping business is experiencing are not for the faint of heart, there are certain steps you can take to regain some control.

 

The statistics for the U.S. freight industry over the last 4 years have resembled a roller coaster. As fleets failed to comply, the ELD compliance has drastically reduced capacity throughout the latter months of 2017. The U.S. tax code was updated about the same time, and Congress raised spending limits. These actions paved the ground for fiscal stimulus measures that increased GDP and hastened the conclusion of a 10-year financial recovery. More spending puts more strain on the supply chain, and it took the carrier sector around 1.5 years to normalize.

 

The COVID-19 catastrophe quickly altered our normal surroundings. In 2020, restaurant businesses and grocery chains were scrambling to devise fresh strategies for integrating their supply chains and adjusting to customers' demands for home delivery. Together, they have created new agreements, changed how they prepare their packages, and adopted each other's best provisioning techniques. To maintain the momentum, new connections were made.

Supply networks are forced to experience another significant and unexpected upheaval as the United States progressively reopens. The supply chain is still enduring the development it underwent last year but is being pushed to increase again. Although the highs and lows we are experiencing are not for the faint of heart, there are steps you can take to restore control.

 

First, learn from previous mistakes. In 2018, shippers tended to choose larger carriers, but they struggled when such carriers rendered them unable to monitor the freight load in a challenging market.

 

Shippers learned a hard lesson that they could not simply depend on major carriers when they had truck driver shortages (using brokers as an emergency loading option). As a result, you should draw lessons from your previous errors and refrain from dealing with market changes on your own. Talk to your brokers about employing a set capacity while truck drivers change lanes. Drop trucks may be introduced, and brokers can provide complete transparency on the cargoes with expertise with middle-sized carriers.

 

Consult industry professionals. Work with professionals who can monitor market changes on your behalf. Most shipping firms have (presumably) already discovered that the freight sector is similar to Google's constantly evolving algorithm. It's difficult to outwit the system on your own and adjust to its erratic highs and lows. It is vital to seek out freight specialists who know these quick adjustments and can provide you with the relevant information and instructions to support your organization.

 

Since their company depends on understanding market dynamics, you can count on them to do so. Request advise from your suppliers on how they might help your company.

 

Last but not least, when it comes to market projections, adopt a strategy of cautious skepticism. You are not on the same page if your carrier providers warn you about a shortage of drivers. You should gather the information that is focused on taking action. How, for instance, would this particular incident impact your company? How can you make your operations, routes, and transportation-related activities more appealing to drivers?

 

Given the unpredictable carrier market, we cannot forecast the future with total precision. But if you increase your network's flexibility, make use of expert knowledge, optimize your network, and encourage cooperation with your carrier partners, you'll be able to weather the next major storm and even outperform your competitors.

 

 

 

What are the Key Points for Picking a Load Board?

By John Lipscomb, President of National Shipper List

 

You need tools to help you acquire more cargoes if you work in the long-distance trucking industry. The correct load board is something you need to have whether you have been a driver, broker, or shipper. However, there are a lot of reliable alternatives in the freight transportation sector, so choosing the best one might be challenging.

 

Most board variants come with intelligent loading panels, allowing users to position or locate loads by predetermined parameters. A few load board platforms even provide additional information or services. This post will offer a few crucial considerations to help you choose the ideal load board for your needs.

 

When selecting a load board for shipment, keep these things in mind...

 

Price

 

Since load boards come in various sizes and designs, a comprehensive comparison buy is still necessary. Some load-boards are free to use, while others have monthly fees in the neighborhood of $100 or more. Verify that the price of the digital matching service is in line with your budget and does not only include bells and whistles. Spending money on a service that you don't need is a waste since it will simply increase the stress you already feel from being successful.

 

Periodic load updates

 

We're all seeking real-time information since it's 2022. You have a higher chance of reserving a suitable load the more the status updates. Search for a service that updates you every minute.

 

Simple to use

 

You will have a learning curve as you learn to use any new system. However, this does not imply that the load board must be intricate. Learning how to utilize your digital shipping service is the last thing you want to do. It must be clear and simple to comprehend.

 

Look around a bit to see if there are any online forums or video lessons that might help you get started quickly and easily.

 

If you're seeking access to your mobile device's loading board, you should confirm that the supplier makes the program available via Google Play or the App Store and has a high user rating.

 

Additional functionalities

 

The payload board chosen from the list of freight brokers will provide sophisticated features like credit ratings, pricing analyses, and other tools for making decisions. Some boards even provide access to check credit scores and payroll days. They also allow you to examine the typical shipping charge for every channel.

 

Free test

 

Making a choice might be challenging, but acquiring a load board to "test drive" is certainly a good thing. A service that doesn't provide a free trial is typically less stable and dependable in what it delivers than one that does. Those who don't could be covering up program inefficiencies.

 

​Available alliances and integrations

 

Not least of all, it's essential to interface your load board with other programs. Take the time to research the available and most effective combinations for your company since not all load boards are created equal.

 

 

What I've Learned from Cold Calling for 28 Years

By John Lipscomb, President of National Shipper List

 

Cold calling has a negative reputation. It takes time, and most people don't have time to speak on the phone with strangers who are just trying to sell them something. Even pros avoid cold calling because of its poor image. However, the top salesmen adore it, and I was one of them.

 

Fact: Calling potential customers is the greatest approach to locating them.

 

You must overcome your fear of being rejected to get leads and customers for your business as a freight broker. Most individuals find it intimidating to speak on the phone with strangers. Remember that they will stop thinking about you within a minute. It isn't a huge issue. All shippers use phones to contact those who may help them.

 

Here are some recommendations and advice to help you succeed.

 

  1. Use a reliable and reasonably priced shippers list that gives information about the organization, such as the number of workers, location, and other crucial details. On the other hand, National Shipper List is the ONLY data list provider that gives freight brokers the name, position title, email address, and phone number of the precise person in charge of shipping freight for that business. You need to communicate with them.

  2. The secret to gaining more shipping customers is changing your thinking. Make the call seem friendly and curious rather than harsh and unwelcome, and offer to help them with their shipping requirements.

  3. Create a script or pitch. It's crucial to remember that, if done properly, your voice tone and tempo will convey confidence. Keep in mind that you are phoning someone performing their work, and that job is busy and essential, so be straightforward, brief, and easy to understand. National Shipper List provides a compelling free script when dialing a shipment manager.

  4. Every time, assume a favorable outcome. Those who decline will not decline forever. For today or this week, they are declining. There is a fresh opportunity next week or next month.

  5. Keep a record of the people you talked with, what they said, the details, and any changes, including the new shipment coordinator's name.

  6. Make daily calls to at least 100 shippers. Your sales will quadruple if you get an automatic dialer and program it to make 300 calls each day once you are comfortable, which may be after 60 days.

 

Wish you luck and start calling.

 

Freight Industry Is Slowing Down

By John Lipscomb, President of National Shipper List

According to a new report from the Federal Reserve Bank of St. Louis, the freight industry is slowing down. The report shows that production and shipments have declined in recent months, signaling a possible slowdown in the freight market. This could be bad news for businesses that rely on freight shipping to move their products.

Based on Cass Transportation Index, the U.S freight volumes started declining in April from March and the all-year-round period. There will likely be more difficult comparisons in the next few months as the world supply chain disruptions are set to intensify with an expansionary speed.

LMI represents a combination of eight unique components that create a logistic industry, including warehousing capacity, costs, inventory levels, transportation capacity, utilization, and prices.

The logistics managers index (LMI) survey shows that the economy has downshifted from a high record in March to 69.7 in April, the first drop of 2022 and the lowest level since January 2021. Transportation showed significant moves as capacity returned to a positive level for the first time since May 2020. The warehousing and inventory only exhibited modest changes. According to the report, the U.S economy is clearly in a complex place.

According to the LMI report, low trucking capacity and increasing transportation prices reflect a strong economy, which they have experienced for almost two years. In April, the two measures started to converge but failed to enter an inversion, meaning there has been a shift in the entire economy.

"Although there has been a slowdown in transportation, the respondents indicate growth in the sector. But the growth is at a slower rate than what we have observed over the last 18 months," the report added.

The two curves representing the capacity and prices have not been inverted. This suggests that although the frantic pace in the transportation sector has declined, we are yet to tilt into a full-on recession.

In conclusion, the report showed that "warehousing and inventory metrics remain elevated, while transportation has slowed. It's unclear whether this slowdown will lead to recessionary pressures or moderate the market towards sustainable levels."

Implications for Us Freight Markets

The outlook for 2022 freight volumes indicates weaker growth caused by declining economic growth and slower consumer goods spending. For supply chain operators, the outlook implies a few steps down from the high record in 2021 rates in air, intermodal, and trucking segments. Unfortunately, the potential relief rate is limited since carriers consistently face high labor costs, fuel, and equipment costs as well as numerous inefficiencies during their operations.

For shippers, the rate of sale volume growth will increase compared to 2021, leading to better management of volumes. Still, there are a few exceptions, like the export products impeded by equipment availability and operational in 2021. However, you can get more freight to ship using a quality shipper list like www.nationalshipperlist.com.

For carriers, 2022 draws the prospect of progressing and improving operations to satisfy customers better. However, carriers could also face relatively lower margins due to extreme demand/supply imbalance that dissipates, unlike 2021, when it favored carriers with high spot rates.

 

Will We Survive Semi-Autonomous Trucks?

By John Lipscomb, President of National Shipper List

 

There may not have been many people watching the discussion on automated semi-trucks. Since few individuals have ridden in trucks, Let's now consider how to create a driverless truck; not many people can envision it. Trucks play an important role in our everyday lives, although they are often the last item on peoples' minds.

 

In the United States, the trucking business is valued at $800 billion. Trucks deliver everything we buy to our doorsteps. Imagine the improvements autonomous vehicles make to delivering commodities like food, furniture, electronics, and other things.

 

Several industry pioneers, notably Tesla, introduced autonomous freight carriers to transform the transportation sector. Driverless trucks will be advantageous to us in several ways, even if they pose a danger to the job security of many truck drivers. Autonomous trucks provide advantages for road safety and are best used on highways.

 

We believe everyone will adore this breakthrough as we inch closer to putting autonomous trucks on the road. The advantages of driverless semi-trucks include: Greater road safety

 

A crucial component of the transportation sector is road safety. Most individuals agree that driverless trucks would be safer than driven trucks, despite the complexity of evaluating a driverless semi truck's safety on the road. Semi-trucks without drivers are the answer to many traffic incidents that claim a significant number of lives. For instance, commercial vehicle accidents caused almost 5000 fatalities in America in 2018. Furthermore, 90% of these mishaps were caused by human mistakes. If semi-trucks with autonomous technology were on the road, this would not occur.

 

Autonomous trucks will be predictable and efficient in sharing the road with other drivers. They have been designed to stay in the correct lane and avoid accidents. This development will prevent intoxicated, distracted, and sleepy driving on the roadways.

 

Addressing the sleep problem

 

The difficulty in getting adequate sleep is a serious issue in the freight sector. Before becoming drowsy, truck drivers must transport items in a tight window of time. Many truck drivers will be freed by driverless vehicles, enhancing the efficiency and safety of the freight sector. Truck drivers must take pauses for relaxation, but this won't be an issue because autonomous trucks will run continuously throughout the day. More significantly, autonomous semi-trucks may easily arrange their itineraries to avoid entering cities during rush hour. It will aid in reducing traffic on the roads, which are now congested due to truck traffic. Since self-driven vehicles can operate even at night, there won't be many trucks on the road during normal hours.

 

Need for additional drivers

 

Contrary to popular belief, automation in the transportation sector will help drivers, not eliminate their employment. Even though many individuals like long-distance travel, driving for more than 11 hours a day is taxing. Long-haul truckers often see their health deteriorate and rarely have time to spend with their family. Since autonomous trucks will mostly travel on highways, there will be a dire need for drivers in intricate urban environments. These driving opportunities seem appealing for drivers who wish to combine work and family life.

 

Conclusion

 

Even if it's hard to envision now, the freight sector needs to improve road safety, and that sector is autonomous trucking. This technical advancement was created by Tesla and other reliable businesses to simplify the transportation sector. The best we can do to improve our lives is to adjust to these changes.

.

Job Descriptions for Freight Brokers

 

By John Lipscomb, President of National Shipper List

 

Transporting products from the point of origin to the point of destination depends heavily on freight brokers. They have the power to steer and shape how the freight sector sees the shipping firm. Their responsibilities might range widely in terms of how the company represents itself and interacts with everyone involved in the shipping. Find out more about the duties of a freight broker and how to enhance your career in this industry.

 

What does a freight broker do?

 

A successful shipment requires a variety of tasks within the freight transportation sector, from developing long-term connections with competitors, carriers, truckers, and clients to developing sophisticated corporate growth plans. However, all of this is possible only with a freight broker's help. A broker elevates the shipping game through effective communication and the ability to uplift the whole panel.

 

What are obligations and liabilities?

 

Connecting shippers and drivers and guaranteeing secure, uninterrupted, and successful shipments are the responsibilities of the freight broker. He finds carriers to transport your freight. This implies that to choose a trustworthy, recognized carrier, you must depend on the knowledge of your freight broker.

 

In other words, brokers are used to connecting shipping corporations with trusted and recognized transportation providers. Additionally, they will understand and practice the most recent market trends and bargain prices with clients and carriers. Additionally, brokers make sure that all business procedures are running as smoothly as possible, that clients get complete truckload shipments, and that LTL shipments adhere to the established requirements.

 

A freight broker's duties are so varied and intriguing that, depending on the size of the shipping company, the broker may be in charge of a variety of responsibilities, including:

 

  • coordinating and monitoring shipments

  • interacting with cargo transporters

  • answering customer questions

  • Planning loading and unloading times

  • obtaining the permit required to operate the brokering company

  • promoting company expansion

  • Managing money

  • negotiating the cost of shipping

  • creating monthly and weekly reports

  • submitting insurance claim forms

 

Conditions to start a profession as a freight broker

 

The following are the qualifications for the position of a freight broker.

  • You must be passionate about logistics in transportation and have a solid grasp of how the freight business operates. This might involve understanding brokerage laws, company operations, handling bills, and carrier management.

  • Both a GED and high school completion are prerequisites.

  • The shipping company probably won't hire you until you have one to two years of relevant experience. But we think even new brokers should create their businesses rather than work for others.

  • You should be able to use the reservoirs effectively and fulfill deadlines.

  • Finally, but not least, effective communication abilities. The most crucial quality of an effective freight broker is this. Negotiating with customers, colleagues, carriers, and anyone engaged in the cargo requires competence.

 

Join our free freight brokering course to learn more about the duties and responsibilities of the position.

Largest Increase in Employment in a Decade for Freight Transporters

 

By John Lipscomb, President of National Shipper List

 

The number of freight transport employment increased in the United States in April; it was the biggest growth in the previous nine years. Data released in March showed a sharp decline in employment compared to the February report. Since it began to ramp up in April 2020, the March report was the first time that the number of employees in the freight transport industry had decreased. Many individuals believed that the whole freight industry was about to collapse.

 

According to the statistics gathered in April, trucking employment has drastically increased. There are now 1,564,100 people employed in the industry, an increase of 13,000 jobs. Since April 2013, when 15,800 positions were created, there has been the most increase.

 

After adjustments, the number of jobs between February - March remained down by 5,600, despite the Bureau of Labor Statistics reporting a decline of 4,900 positions between February and March. This suggests that there was a higher reduction between these months.

 

In contrast to previous months, there was no significant difference between the changes indicated by seasonally adjusted and non-seasonally adjusted figures. The consistency of the data is shown by the fact that 14,100 jobs topped the 13,000 job increase in the seasonally adjusted figures in the non-seasonally adjusted statistics.

 

The reliability of the data, in Jason Miller's words, implies that "the huge decrease in dry van and refrigerated spot costs is not yet weighing on employment," according to Miller, an associate professor of logistics at Michigan State.

 

Miller also monitors the month-ahead statistics for the freight transportation sector. According to Miller, employment rates are at an all-time high in the critical industry of "general freight transportation, long-distance, truckload."

 

The number of warehouse employment rose by 16,800, from 1,769,000 to 1,785,800. Four thousand three hundred more jobs were included in March's statistics revision. According to these figures, there were 171,000 more warehouse positions in April than there was a year before.

 

However, this has been modified for the season. The number of people employed in warehouses fell by 8,200 on a non-seasonally adjusted basis. Given that the unadjusted data showed a lesser decline than expected, the seasonally adjusted number should be viewed cautiously.

Simple Procedures to Follow to Obtain Training & Licensing for Freight Brokers

 

By John Lipscomb, President of National Shipper List

 

The key to being a successful freight broker is understanding the complementary commodities you will send to various businesses for shipping purposes. But obtaining a freight broker license is necessary to operate as a professional freight broker. It is also known as a license for load brokers. The Federal Motor Carrier Safety Administration (FMCSA), whose regulations are a little hazy, typically regulates all freight brokers.

 

Below is a brief explanation of how to get licensure and training for freight brokers.

 

Step 1: Think about training

 

Even if it is not required by law, you must have enough training on what a freight broker does and the duties you must carry out to complete your duty. You may enroll in an online course for freight brokers or check out some training manuals to learn more. If that is feasible, you may also get your hands on some of the current procedures used by a freight brokerage company.

 

Step 2: Choosing a company structure

 

A freight broker must play three business positions: partnership, sole proprietorship, and corporation. Each of them has certain paperwork needs or tax ramifications. A strong business structure will have a long-lasting beneficial effect on the organization. Before choosing one, get advice from a company attorney or tax professionals.

 

Step 3: Apply for broker authorization

 

The next step is to submit Form OP-1 directly to the FMCSA to apply for broker permission. You must indicate on this form whether you are applying for the positions of "Broker of Household Goods," "Broker of Property," or even "Broker of Both." The filing price for each category is $300, and the filing charge for both is $600, according to the 2020 report.

 

Step 4: Obtaining a surety bond

 

To ensure that you follow all rules and regulations as a freight broker, FMCSA will ask for a surety bond. The maximum bond amount for any freight broker is $75,000. However, you are not required to raise all the funds alone. Additionally, you may deal with a surety company, which can amend the bond in your favor in return for a nominal cost.

 

Step 5: Choosing a trustworthy process server

 

Selecting a trustworthy process agent is a crucial stage in the training of freight brokers. Each state that allows you to create broker contracts has a process agent on hand. Additionally, they will aid you in managing any legal actions that may arise at some point throughout your firm. Some freight brokers go so far as to search for specific agents in each state.

 

Step 6: To register with the Unified Registration System

 

The last step is registering with FMSCA using the Unified Registration System (URS). This approach still integrates the many forms needed to finish the registration via submitting an easy application form.

Starting Your Brokerage Firm

 

By John Lipscomb, President of National Shipper List

 

Most individuals mistakenly believe that becoming a freight broker, carrier, or dispatcher is fairly simple. The work is quite hard and comes with several hazards; if you don't consider these concerns, you can have to make a lot of losses and may even lose your job. Being a freight broker benefits letting you be your boss and not having to answer to anybody. Starting a freight broker business is simple, but keeping it running and excelling at it is much harder. For this reason, we'll provide you with some advice on how to launch your own successful freight broker company. ​

 

Find a legal framework for your business.

 

Decide if you want your business to be a sole proprietorship, a partnership, a limited liability company, or one of the numerous other possibilities before launching it. Once you've decided what you want, look for a reputable accountant or attorney who can guide you on the benefits and drawbacks of each choice.

 

Request operational authority

 

A freight broker engaged in interstate commerce must use the unified registration system to get broker authorization from the Federal Motor Carrier Safety Administration. This authority is the US Department of Locomotion's branch in charge of policing safety regulations and interstate commerce. You must pay a processing fee for your application, which will take 4 to 6 weeks to process.

 

Set up a trust fund or surety bond.

 

You should know that you must have a $75,000 surety bond or trust fund if you work as a freight broker. This sum is meant to ensure the carrier will have the funds necessary to make up for any problems with their product. You just need to visit an insurance company to get help filling out the necessary papers for an FMCSA surety bond.

 

Make a process agent available.

 

A process agent is a representative to whom legal documents in a case brought against a broker or a carrier may be sent. Brokers must name a process agent on any continent where they have an office. Some businesses give you "blanket coverage," which entails a process server in every state in the US.

 

Register your company

 

You must complete the Unified Carrier Registration if you are a freight broker, freight forwarder, or carrier. There will be an annual cost of between $60 to $80. But since it changes every year, constantly check to see whether the prices have gone up or down.

 

Conclusion

 

Consider the information above when you want to launch your own freight broker company to build a solid organization that won't go bankrupt within a week of opening for business. It would be beneficial if you also kept in mind that this organization needs many of you, and constantly keep in mind to report any problems as soon as possible to prevent losing your business as soon as you open It.

 

INSPIRING TRUTH REGARDING BUYING FROM A TRUCK

 

I recently questioned truckers about the proportion of cargoes they get from cold phoning. "I get a load every 4-5 calls I make," one responded. He explained this to me when I asked him how he accomplished it.

 

Steven Francis

 

Since I spent most of my career in sales, cold calling comes naturally to me. I never start by asking questions about the load first. I gave the brokers and shippers the reins to start talking. I dismiss or answer any complaints they could have by reassuring a favorable opinion of my business. I immediately give it to my MC. Once they see an image of my business, it gets rid of the hesitation to do business and immediately boosts confidence. As your MC is the face of your business, the conversation continues without incident. Most brokers and shippers use that information to determine whether or not to offer you the cargo. In addition, I guarantee them rapid information regarding their load as the day goes on, from the moment they fill out carrier packets until the day of the load, and I keep my word. Overpromising and underdelivering is the last thing you should do. Use speaking pace, vocabulary, and tone to gauge the conversation's progress. Keep it short and professional, but ensure you receive all the information you need to decide whether that load is right for you. When they are not being professional, sometimes. I say thanks for their time and go on. Never destroy bridges, please. Always connect with brokers and establish a connection for three months in a row. I stopped there. Now I get countless calls from brokers and shippers.

The Complete Manual of Freight Shipping, Transportation, and Logistics

 

By John Lipscomb, President of National Shipper List

 

Delivering products and commodities via land, water, or air is known as freight transportation. Ships with a container load unit (CLU), railways, pipelines, trucks, airplanes, and other forms of transportation may all be used to convey freight.

 

To assist you in comprehending how everything works, this essay will provide a comprehensive overview of freight transportation. We will discuss how businesses transport things worldwide using vehicles like trucks or ships so that they may arrive at their destination on schedule and without any problems.

 

The process of shipping has numerous moving parts. This thorough manual will provide all the necessary information to send your freight without difficulty.

 

Innovations in the sector throughout the years have made shipping freight simpler. This article will explain how shipping tools can efficiently transport your merchandise from point A to point B.

 

Due to the size and complexity of the airline business, as well as the daily release of new technology, it might be difficult for newbies to understand how to carry freight. Here are some suggestions to help you with air, land, and marine freight shipment that will make the procedure lot simpler for you.

 

One of the most crucial components of a corporation is supply chain management, which also refers to freight transportation, shipping, and logistics. The three phases of the freight transportation process are freight forwarding, ocean shipping, and air cargo.

 

Contrary to other sectors in the past, the advancement of technology has allowed businesses to save time and money by depending on extremely efficient and affordable freight transportation services.

 

One of the most crucial elements of supply chain management is transportation. Anyone wishing to move freight may use the information in this handbook.

 

Transporting items from one location to another is referred to as the supply chain's transportation segment. It comprises services for shipping, freight, and transportation. Shipping firms may be categorized and branded in various ways, but their primary goal is always the same: getting items from point A to point B as fast and affordably as possible.

 

You will learn more about logistics in this part so that you may decide how to handle your shipments and how they go through this convoluted process we call transportation.

 

The act of shipping involves moving goods from one location to another. Clothes, furniture, food, automobiles, and even other people may all be sent, among a vast range of other items.

 

​Transporting products or commodities across long distances is referred to as freight. Anything that has to be transported globally or nationally falls under this category. There are several freight transportation services, such as air and sea freight.

 

Today's freight transportation businesses are increasingly specialized to better serve their clients' demands. New business possibilities are opening up all around the globe, which is causing the shipping sector to expand daily.

 

It might be difficult to find a freight transportation provider. A little research should always be done before committing to hiring one.

 

You can discover all the information you need to choose the best business for your requirements in the following guide.

The Convoy network is now available to other freight brokers

 

By John Lipscomb, President of National Shipper List

 

To ensure their shipments are covered, freight brokers may now utilize Convoy for Brokers, the new Convoy program that gives them access to the network's existing carrier base. Convoy's mission is to transport commodities worldwide without creating any trash. Dan Lewis, CEO and co-founder of Convoy claims that working with other freight companies and sharing the advantages of a digital freight network are the only ways to accomplish this objective.

 

Brokers will profit from Convoy's launch today in several ways, including a new source of elastic capacity and the chance to expand your carrier base. Conversely, carriers will profit from increased possibilities to fill their schedules, improve their income, and reduce empty miles.

 

The company has acknowledged that it designed its new program and is aware of the issues with this platform, particularly when brokers encounter unprecedented capacity demand from their shippers, after working with logistics service providers USA Truck and AFS Logistics for a year. "New ways to capacity procurement and shipping automation may reduce much of the waste that now happens in the freight company," says George Henry, senior vice president of USA Truck Inc.

 

While Convoy and I compete in certain areas, our chances of success increase when we work together; by making it simpler to acquire trucks via Convoy's digital freight network, we have been able to handle greater load volume growth and increase our staff's effectiveness." According to the company, brokers may now utilize an online platform or include TMS into the platform to get all-in costs for any load they handle. This pricing will reflect Convoy's fee for matching cargo with the best carrier. Carriers now have total insight into the providers they will be doing business with, thanks to the Convoy app, which displays cargoes from both Convoy and independent brokers.

 

Once a carrier accepts the cargo for transport, it is the third-party broker's job to serve as the shipment's official agent until it is entirely delivered. Convoy will send the broker an invoice upon delivery, allowing the carrier to utilize Convoy QuickPay. Additionally, they could gain from Convoy's growing, trusted network of third-party brokers. Additionally, Convoy will be able to manage all their load documents thanks to its real-time tracking system. The increasing carrier network of Convoy makes it a more viable option for loading boards that don't provide value-added services for developing transportation businesses. "There isn't another business that comes close to duplicating Convoy's service quality and passion to carriers," said BizzyB Transport owner-operator Robert Key. I now have much more flexibility as a Convoy driver to pick my preferred lanes while still using the Convoy service."

The Freight Industry is Sluggish

 

By John Lipscomb, President of National Shipper List

 

According to a recent study from the Federal Reserve Bank of St. Louis, the freight sector is slowing down significantly. The study demonstrates that output and shipments have decreased recently, suggesting that the freight business may be slowing down. This might be terrible news for companies that depend on freight shipments to convey their goods.

 

According to the Cass Transportation Index, the U.S. freight volumes began to decrease in April compared to March and the year. In the next months, comparisons will probably get more challenging as global supply chain disruptions are expected to accelerate.​

 

LMI is the result of the interaction of eight distinct factors, including warehouse capacity, expenses, inventory levels, transportation capacity, usage, and pricing, which form the logistic industry together.

 

According to the Logistics Managers Index (LMI) poll, the economy declined from a historical and future in March to 69.7 in April, the lowest level because January 2021 and the first decline of 2022. Transportation saw substantial changes as the capacity for the first period since May 2020 was restored to a positive level. There were only minor adjustments in the inventory and warehousing. The U.S. economy is definitely in a complicated situation, the research claims.

 

Low trucking capacity and rising transportation costs, according to the LMI analysis, are signs of the region's robust economy, which has been ongoing for over two years. The two metrics began to converge in April but did not invert, indicating that the whole economy had changed.

 

"Even if the transportation industry has slowed down, the responses point to sector growth. However, the increase is happening more slowly than what we have seen over the previous 18 months, "said the research.

 

The capacity and pricing curves are two separate curves that are not inverted. This shows that even while the transportation industry's frenetic speed has slowed, a full-blown recession has not yet set in.​

 

The report revealed that "Inventory and warehousing indicators are still high, but transportation has slowed. It's uncertain whether this slowdown would cause recessionary pressures or just help the market level down at levels that can be sustained."

 

Consequences for the U.S. Freight Markets

 

The forecast for freight volumes in 2022 points to decreased growth by slowing consumer expenditure on goods and diminishing economic development. The prognosis for 2021 prices in the air, intermodal, and trucking categories suggest a few steps down from the high record for supply chain operators. Unfortunately, the potential alleviation rate is limited since carriers always deal with costly equipment, fuel, and personnel expenses in addition to severe operational inefficiencies.

 

Shippers will have faster sales volume growth than in 2021, improving volume management. However, there are a few exceptions, such as the export goods whose functioning is hampered by the lack of equipment as of 2021. However, if you use a good shipper list, like the one found at www.nationalshipperlist.com, you can ship more freight.

The Little Details Between Major Activities Make the Difference

By John Lipscomb, President of National Shipper List

 

REMOVE ALL OF YOUR EGGS FROM ONE BASKET.

 

For every "whale" shipper they pursue, you should attempt to sign up 4-5 "mini-shippers" who can provide an average of 5–10 shipments each month. You have a larger client base that can get you through the challenging times of a shipper falling through by diversifying the size of shippers you contact.

 

Make it formal and concise.

 

Be aware that the work of a shipping manager is often chaotic and stressful when you cold phone shippers. The last thing they want is to chat with a stranger who wants to take advantage of their important time. Make your pitch, keep it brief, and try to acquire what you can.

 

Making Cold Calling Simple

 

The most common worry is the fear of selling or public speaking. This phobia stems from a fear of being rejected. However, if you realize that your role as a freight broker is to help shippers get their goods to consumers, you can easily surpass this obstacle. The world would fall apart without you. Don't consider it a prospective rejection of you personally; rather, consider it a no for the time being (wrong timing to get a yes). In addition, he is rejecting your offer to assist him rather than you. Many of us turn down assistance when needed and never do so when we don't. Simply said, "no" implies not today, while "yes" can indicate "next month." Calling is the only way to find out. The moment will be appropriate at some point.

 

BE NOT GREEDY

 

Don't focus on one day or one shipment at a time. When you do that, you'll consider how much money you can earn from that transaction—a few hundred dollars—rather than how to make tens of thousands of dollars from the shipper over 10 years. Your main goal in every interaction you have with a customer, every offer you make, and every step you do to help them should be a long-term working relationship. If you follow this advice, you will rank in the top 5% of prosperous freight brokers.

 

YOU'LL BE HERE FOR A WHILE IF YOU THINK LONG TERM.

 

When you have the chance to bid on a load for a shipper, it's often not a genuine load; rather, it's a test of how quickly and cheaply you can manufacture a load. This should be seen as an investment. Obtain the lowest rate from a driver and then add 0% for your assistance. That's accurate. You shouldn't be concerned about earning money on your test load, first load, or first 5–10 loads. The objective is to gain the shipper's trust via your competitive pricing; after you've done so, start adding a 5 percent charge on top of the trucker cost. Then gradually increase by 2 percent until you reach a level of play that you believe is appropriate for your job while preserving the working relationship.

 

SELL NOT; PITCH IT

 

A good salesperson presents an opportunity rather than a product. He allows his prospect or possible customer to think about it and decide. Qualified sales professionals know that time is often more important than the product or service. What is a definite no today can be a categorical yes next month. However, you won't understand it until you keep coming back and pitching.

 

APPRECIATION OF YOUR POSITION AS A FREIGHT BROKER

 

Most freight brokers have a poor understanding of what they do. They acquire the ability to handle the paperwork and thus believe they are such. When in reality, cold calling is a tactic you use as salespeople. You'll succeed if you use it appropriately.

 

WHEN SHOULD I PLACE COLD CALLS?

 

As many as you can is the real response. Never less than 100, average 200, and aim for 300, specifically. Every seasoned salesperson anticipates this. Your success is influenced by the volume of your calls by 33%. Thus, it is crucial. However, you may call 500 daily and struggle if you don't have the other 66% in place.

 

HOW DO I USE WORDS?

 

We provide the script or wording. They are simple yet effective. 33 percent of your success comes from your vocabulary. The going will be tough if you choose the incorrect words.

 

​WHAT IS THE 33 PERCENT THAT IS MISSING?

 

Attitude and tonality. Positivity is simple. Make your pitch with a little bit of disinterest in the result. They may accept or reject it; you are only making an offer, which will probably depend on the time. A yes today may have turned out to be a no later or during the next 45 days. Therefore, simply make your pitch and either provide the service as promised or move on as there is a yes waiting, and it won't last forever.

 

​Most salesmen overlook or misunderstand the hidden component, which is tone. After studying and teaching sales for three decades, I realized that effective salespeople had or accomplished something others lacked. There was an underlying expectation of success in a successful person's tone. You can hear it if you pay close attention. They seem to be anticipating a positive response. Others who are less successful, which is crucial, have a little more positive tone. This is effective and accounts for 33% of your success when paired with a take it or leave it attitude.

 

​33 percent of calls were volume, 33 percent of words, and 33 percent of attitude and tone. If you have all of these components, your chances of success are almost 100%.

 

MOST PRICELESS TOOL

 

Automatic Dialer They can call many numbers at once, and you are quickly patched into whatever phone is picked up first. Ten years ago, I could make 80–100 calls; now, with auto-dialers, I can make 300 calls daily.

The Present-Day Freight Industry

 

By John Lipscomb, President of National Shipper List

 

The freight transportation and logistics business is adopting considerable technology improvements and changes, similar to many other economic areas. Furthermore, it's progressing so quickly that many individuals find it difficult to stay up. Although this poses a hazard to many logistics workers, it will improve the effectiveness of our operation.

 

​Time is running out to keep up with the technologies in use. This calls for the quick action and a shift in how we see these dynamic technologies. Fortunately, we just need knowledge on how to use pricey equipment. Accepting the fact that times have changed and that it is necessary to embrace these new technology is where your free ride to survival starts. We must take quick action and use good judgment.

 

Technological developments in the current freight sector

 

​Remember that profit margins are affected by customer happiness and customer and financial management, which is the most important aspect of the freight sector. Therefore, it is important to stress excellent planning and organization in exports and imports. Technology has arrived to modernize the freight transportation sector and boost earnings.

 

Now I want to go into more detail about how different technologies are affecting the current logistics and freight sector:

 

Machine Learning

 

One of the essential technologies in the current freight transportation sector is machine learning. The freight business now has a competitive advantage because of the continuous adoption of this technology. To facilitate simple decision-making utilizing patterns, it employs algorithms to examine data in a way humans cannot. Machine learning enables businesses to operate effectively. Supply chain management may benefit from the application of machine learning to increase predictability, incoming orders, forecasting accuracy, and more.

 

Additionally, the optimum routes and ideal circumstances for ground freight are successfully selected by machine learning using data studies on millions of trucking runs.

 

"Internet of Things" (IoT)

 

Modern freight transportation has undergone a tremendous shift thanks to the Internet of Things (IoT). IoT includes a database, reader, chip, and cloud-based GPS. It makes it possible for packages and containers to automatically and independently broadcast data to the internet.

 

The Internet of Things uses radiofrequency identification to monitor conditions and trace shipments. Additionally, it allows loads to go automatically to their destination without scanning confirmation receipts or barcodes. The development of technology has made it simple for businesses to monitor the condition of their items around the clock.

 

Cloud Solutions

 

With this important development in the contemporary freight transportation sector, private fleet capacity has become more available. Freight businesses will find it simple to move empty containers using pay-per-use cloud services without depending on the pricy IT infrastructure. Both small companies and ground freight may benefit from cloud-based solutions.

 

Conclusion​

 

The above-mentioned technical developments have been read about. We anticipate that you have seen how they might improve your freight operations. Pursuing these technologies as the current freight transportation sector expands to enhance your operations would be worthwhile. Businesses must adapt to the changing times to stay abreast of modern trends and technological developments.

Truck and Trailer Inspections Every Three Months

 

By John Lipscomb, President of National Shipper List

 

Most drivers choose to do regular inspections and maintenance on their trailers and vehicles only occasionally. However, it's crucial to ensure all parts are functioning properly.

 

Quality checks and inspections benefit uptime lowers operating costs, and increases safety, among many other factors. Trucks and trailers have key regions that need inspection and maintenance every quarter, although most people think of them as being less difficult.

 

Most drivers fail to pay attention to things like the kingpin, lubrication, and brakes. However, visual scrutiny is important. You should look into your car if you think anything is wrong. It would be excellent if you stopped to ensure the system was operating properly.

 

We provide many quarterly checkups for trucks and trailers in this article:

 

1. Examining the lighting and electrical systems

 

The lights should be examined quarterly to ensure they are secure and working properly. Fortunately, illumination issues like cracked lenses, frayed wires, and corrosion are simple to see. Additionally, it is crucial to check for chafed wires, good grounding, and missing clips in the electrical system.

 

2. Adjusting the fifth wheel's grease

 

For vehicles and trailers, lubricating the fifth wheel is essential during quarterly inspections. Finding any rust between the plate and the main rail is part of it. Look for cracks, excessive wear, loose and missing bolts, and more. The kingpin may then be checked to see whether it is tight. Most drivers fail to check it during their quarterly checks even though the kingpin and top plate support the full weight.

 

To easily spot issues with the plate, it would be helpful to clear any particles off the top plate using a scraper. These components' durability is increased by lubrication.

 

3. Examining the bracing and mounting plates for the landing gear

 

You may find chafing in air springs and airlines, fractures, and brake valve leaks by checking the landing gear mounting plates and bracing. Cleaning the dust shields is also necessary to remove any foreign objects.

 

4. Brake inspection

 

One of the crucial components of every quarterly check is the brake system.

 

Concentrating on the automated slack adjuster brake stroke and the anti-lock brake system is crucial.

 

5. Verify the tire pressure

 

Trucks and trailers become unusable due to tire failure often. Because of this, it's crucial to check tire air pressure and fill them to the manufacturer's specifications. The wheel lug nuts should then be tightened.

 

During the inspection, you should look for tire corrosion, pressure, tread depth, and general condition. Make that the tire inflation system is turned on and working properly. A high-quality calibrated gauge should also establish the correct tire pressure levels.

 

6. Oil inspection

 

To ensure the wheel bearing is properly lubricated, the examination also involves checking the oil level in the wheel hubs. Additionally, inspect hubcaps and seals for leaks and oil every fitting.

 

Conclusion

 

The safety, uptime, and operational cost benefits of quarterly inspections on your truck or trailer help you avoid inspection penalties. Your quarterly checks should involve checking the oil, tire pressure, lighting system, electrical system, and other items.

What Are Some Other Vital Report Highlights?

By John Lipscomb, President of National Shipper List

 

Production and nonsupervisory employees in the freight transportation business had a 49-cent per hour salary boost in March, the most recent month for which statistics are available. In the preceding month, it went up by 48 cents. Since the series started in 2012, this combined 97-cent-per-hour rise is the largest two-month increase.

 

The hourly wage is now $27.18 per hour, up $2.74 from last year's amount. This may have influenced the staggering 6.7 percent rise in the producer price index for the freight transportation sector between February and March. This comes after advances of 1.4%, 1.4%, and 1.1% in the previous three months. It has climbed by 24.7 percent since last year.

 

1,113,100 more people were employed as couriers, a rise of 14,900. Miller, an associate professor of logistics at Michigan State, pointed out that the results were somewhat dubious because the courier industry also showed the same tendency in warehouses, which is a decline in non-seasonally adjusted job counts followed by an increase in seasonally adjusted job counts.

 

Given that the sector had 45,600 posts, it was the 24th month in a row when rail jobs were between 143,000 and 148,300. However, since 2020, the number of employment in the rail industry has never exceeded 148,000, and only once have they fallen below 144,000. As a result, the industry's employment rate is remarkably constant.

Why Freight Brokers Are Increasingly Important to Businesses in the Modern World

By John Lipscomb, President of National Shipper List

 

Experts in the transportation sector include freight brokers. They must comprehend how to employ freight carriers, handle imports and export, and read and interpret shipping paperwork.

 

Businesses might benefit from a variety of services that freight brokers can provide. The most typical services are as follows:

 

a) Self-service software applications that facilitate exporting or importing by helping them manage their shipments, produce freight quotations, and get required papers;

b) Services for freight forwarding to save time and money;

c) Transport management services to guarantee on-time delivery of their items;

d) Freight insurance prevents them from paying excessive charges due to unanticipated events like theft or natural catastrophes.

 

​Almost every form of organization relies on freight brokers, who offer various applications and advantages. The ability to share information with companies that might help them make better choices about their operations makes freight brokers particularly valuable.

 

When it's necessary to transfer goods from one location to another, such as across state lines, freight brokers are often contacted. They act as a middleman between the shippers and the railroads or trucking firms responsible for transporting the goods from one location to another.

 

​Usually paid on a commission basis rather than an hourly rate, freight brokers are paid for their job on a percentage basis. In addition to receiving a fixed charge, some freight brokers provide services through customer agreements.

 

Freight brokers are a crucial part of any organization because of the globalization of commerce and business.

 

For transporting products across several industries, freight brokers provide crucial logistics. They are often hired by a large corporation or transportation service that moves products from one location to another. By ensuring that these businesses have an effective supply chain, freight brokers ensure that they remain competitive in today's transportation sector.

 

They also provide insurance against shipment losses and delays to remain competitive and because their customers depend on them to keep their profit margins high.

 

Because of this, freight broker services are crucial for enterprises in today's society.

 

Businesses have traditionally valued the services of freight brokers. However, because of the quick changes in business models, freight brokers are now more critical to a company's success than ever. Freight brokers provide additional services, including customs clearance, warehousing, international logistics, and information about prices and routes to save businesses time and money on transportation expenses.

 

A freight broker offers the firm access to its services and possibilities that otherwise would not be available. They may get a lot of advantages from it that will increase their income without exerting any more work or spending more money.

 

Transporting products and services from one area to another is easier by freight brokers. They operate as a go-between between a shipper and a courier, sparing them the trouble of locating such a match.

 

Due to their capacity to provide solutions for a wide range of requirements relating to the delivery of products across diverse places, freight brokers have grown in importance in the modern world.

 

Freight brokers answer all your shipping requirements, making them an essential component of every organization in the modern world.

 

1) Freight brokers may handle fragile goods requiring specialized handling or experience.

 

2) To avoid spending more than is required for transporting your goods worldwide, freight brokers may assist you in finding the best prices and offers available.

 

This sector has expanded rapidly over the last several decades as more and more businesses depend on them to transport their products.

Will We Survive Semi-Autonomous Trucks?

By John Lipscomb, President of National Shipper List

 

There may not have been many people watching the discussion on automated semi-trucks. Since few individuals have ridden in trucks, Let's now consider how to create a driverless truck; not many people can envision it. Trucks play an important role in our everyday lives, although they are often the last item on peoples' minds.

 

In the United States, the trucking business is valued at $800 billion. Trucks deliver everything we buy to our doorsteps. Imagine the improvements autonomous vehicles make to delivering commodities like food, furniture, electronics, and other things.

 

Several industry pioneers, notably Tesla, introduced autonomous freight carriers to transform the transportation sector. Driverless trucks will be advantageous to us in several ways, even if they pose a danger to the job security of many truck drivers. Autonomous trucks provide advantages for road safety and are best used on highways.

 

We believe everyone will adore this breakthrough as we inch closer to putting autonomous trucks on the road.

 

Advantages of autonomous trucks.

 

The advantages of driverless semi-trucks include:

 

Greater road safety

 

A crucial component of the transportation sector is road safety. Most individuals agree that driverless trucks would be safer than driven trucks, despite the complexity of evaluating a driverless semi truck's safety on the road. Semi-trucks without drivers are the answer to many traffic incidents that claim a significant number of lives. For instance, commercial vehicle accidents caused almost 5000 fatalities in America in 2018. Furthermore, 90% of these mishaps were caused by human mistakes. If semi-trucks with autonomous technology were on the road, this would not occur.

 

Autonomous trucks will be predictable and efficient in sharing the road with other drivers. They have been designed to stay in the correct lane and avoid accidents. This development will prevent intoxicated, distracted, and sleepy driving on the roadways.

 

Addressing the sleep problem

 

The difficulty in getting adequate sleep is a serious issue in the freight sector. Before becoming drowsy, truck drivers must transport items in a tight window of time. Many truck drivers will be freed by driverless vehicles, enhancing the efficiency and safety of the freight sector. Truck drivers must take pauses for relaxation, but this won't be an issue because autonomous trucks will run continuously throughout the day. More significantly, autonomous semi-trucks may easily arrange their itineraries to avoid entering cities during rush hour. It will aid in reducing traffic on the roads, which are now congested due to truck traffic. Since self-driven vehicles can operate even at night, there won't be many trucks on the road during normal hours.

 

Need for additional drivers

 

Contrary to popular belief, automation in the transportation sector will help drivers, not eliminate their employment. Even though many individuals like long-distance travel, driving for more than 11 hours a day is taxing. Long-haul truckers often see their health deteriorate and rarely have time to spend with their family. Since autonomous trucks will mostly travel on highways, there will be a dire need for drivers in intricate urban environments. These driving opportunities seem appealing for drivers who wish to combine work and family life.

 

Conclusion

 

Even if it's hard to envision now, the freight sector needs to improve road safety, and that sector is autonomous trucking. This technical advancement was created by Tesla and other reliable businesses to simplify the transportation sector. The best we can do to improve our lives is to adjust to these changes.