In today’s world, most of the activities are geared towards the transport industry. This is evident in the United States where according to research conducted, the business is expanding. According to the renowned American Trucking Associations, in the year 2014, about 7.3 million people acquired employment in the same industry. Interesting to note, in the year 2015, about 3.5 million people were serving as truck drivers. However, the number of freight brokers in the market remains unmatched to the number of truck drivers.
Brokers come in quite handy when it comes to connecting the perfect drivers to shippers. They also ensure that the truck drivers are also linked to the appropriate equipment’s that will work for them. The freight brokers have the responsibility for ensuring that their shipping clients get the right motor carriers for their goods. Some of these clients include distributors, factories, and farm producers, among others. Keep in mind that the transport professionals are highly skilled when it comes to planning the time and location of the picking and delivering the various cargo.
Some of the renowned freight brokerages run and operate their fleets. By doing so, they can network in the market. At the same time, they can provide both short term and long-term solutions to their clients. The services provided to their clients are always satisfying and beyond their expectations.
The invoice factoring strategy is quite common and is preferred by the freight brokers. This is because by using it, they can curb the challenges experienced in balancing their cash flow. At the same time, they can timely pay their drivers for the services provided to them as they anticipate their payments from their clients.
According to research conducted, the freight industry is built on strong and firm relationships. For people willing to join the industry, it is advisable for them to have built strong firm relationships to ensure that they survive and thrive in the industry. At the same time, one ought to have a passion and zeal for the job at hand.
When it comes to serving or operating as a freight brokerage, it is wise for one to establish and have a strong relationship with motor carriers. Remember that these are the people that will be responsible for ensuring that the goods get to their expected destinations right on time. The relationship should be genuine and founded on honesty to ensure that success is achieved at the end of the transactions. Keep in mind that if you have a great working relationship with the carriers, you can be sure of consistent great services.
Also, a superb relationship with the customers is no option! Remember that these are the backbone of your business and determinant of the success of your business. Being in good terms will ensure that the customers make timely payments for the services rendered. On the other hand, failure to make payments on time will lead to obstacles in the operation of your business. It is also advisable for you to consider freight bill factoring before engaging in any business deal. This will enable you to put into consideration the duration of time you give to your customers for them to meet their payments. It is also wise to contract the payment collection to third parties to ensure that you maintain the great relationship with both your clients and carriers. This is because you will keep at bay any awkward moments when engaging in the collection of payments.
Justin Bright – CEO Brighter Logistics