How To Be A Successful Freight Broker [Infographic]

Published: Sep 3, 2015

Lance Surety Bonds‘ newest infographic is out!

In our latest infographic we tackle the question of what it is that makes freight brokers successful. At the heart of one of the most important industries in the U.S. and worldwide, freight brokers are an essential component of the equation between suppliers and carriers. As such, great opportunities are there for those of them that know how to stay up to date and continuously upping their business game.

Only in the U.S. transportation already exceeds $1 trillion annually. Of these, the trucking industry’s share is above $600 billion. These figures are expected to grow within the next decade, as is the trucking industry as a whole, adding another 21% of its current size.

Within this context, freight brokers are those who make the connection between shippers and carriers, they are those who meet the challenges of both and offer efficient solutions. They make sure to provide shippers with the best rates and fastest delivery times but they also take care of carriers by maximizing loads and avoiding empty miles. Though this may be challenging and hard at times, freight brokers are central to the success of both shippers and carriers.

Lance Surety Bonds’ infographic presents a number of activities as well as practices that freight brokers can put into use in order to deliver even better results. After reviewing a number of expert sources and conducting research, we have found that the practices outlined in our infographic are among the most quoted when it comes to advice for freight brokers. They combine the use of technology, along with a number of other skills such as marketing, networking, continuing education as well as getting the necessary freight broker surety bond.

Check out the infographic below for a more detailed exposition!

How to be a successful freight broker

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.