What are the differences between a broker/common/contract/freight forwarder?
A broker is a person or company that arranges for the transportation of goods and requires a $10,000 bond. A common carrier is a company that transports property or passengers for the common public and requires cargo insurance. A contract carrier is a carrier that transports property on a contract basis with shippers and does not require cargo insurance. A freight forwarder is a company that purchases freight and then arranges for the transportation of that freight.
Related Questions
- Can freight be brokered to both Common and Contract carriers? Must the broker be issued a Certificate of Insurance listing the broker as a certificate holder?
- What are the differences between a ship company and a freight forwarder?
- What are the differences between common, contract, and broker authority?
