Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between an agent and a broker in the trucking industry?

agent broker Industry trucking
0
Posted

What is the difference between an agent and a broker in the trucking industry?

0

An agent represents a specific carrier or carriers. There is a signed agency agreement/contract between the agent and the carrier. An agent is a representative of the carrier (similar to an insurance company with their agents.) They usually conduct business on behalf of the carrier under agreed upon conditions. Click on the following carrier names to see relationship letters from carriers we represent: Admiral Merchants Motor Freight, Inc., American Transport, Inc., Bennett Motor Express, Inc., Sammons Trucking and The Mason & Dixon Lines, Inc. A broker alone does not represent a specific carrier or carriers. A licensed broker operates off of simple broker authority and typically only a minimal surety bond. They rely on being able to utilize equipment from actual carriers with contract authority that either own their trucks or have independent owner-operators leased to them running their company placards. Since they are not required to have any cargo or liability insurance of their own

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123