Categories: Freight Broker

What Are The Top Freight Risks For Brokers?

Here is a list of risks associated with moving freight across the nation.

Lack of carrier availability

  • Labor disputes, high demand, and even a spike in fuel prices can make it difficult to find a carrier to move freight. When that happens, freight brokers may risk missing a delivery window and violating the terms of their shipping company contract.

Theft

  • Unfortunately, cargo theft is an ongoing problem. Thieves have become increasingly sophisticated in their methods, sometimes hooking up a stolen cab to a trailer and stealing an entire load. They may also engage in “smash-and-grab” theft, prying open trailer doors to grab what they can quickly.

Fraud

  • Fraud is a costly problem throughout the transportation industry, scammers using carriers identity to steal freight. These criminals may fraudulently use a carrier’s credentials, or obtain multiple MC numbers to establish transportation companies, then disappear with loads freight carriers have hired them to move.

Carrier Negligence

  • The effects of carrier negligence can range from a late delivery to a total loss of cargo. Negligent carriers often have a spotty record, with red flags like lapsed authority, license suspensions, or customer complaints.

Unexpected Events

Natural disasters, traffic jams, and carrier equipment failure are just some of the unexpected events that can interfere with freight delivery. 

Arthur Mouradian

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