Co-brokering
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Can anyone tell me the difference between co brokering/ double brokering, and interlining?
The point that I tried to make earlier is that everyone gets caught up in the terminology. A good broker rarely needs help in finding a carrier and if they do they should call their client and give them the option of either asking permission to find someone to assist, or turning back the freight. A bad broker will take it upon themselves to move the freight by any means possible to avoid telling their client that they couldn't perform on the move.
Even good brokers hate having to tell a client this and trade a problem for a potential one.
Lets just agree that it is a bad practice to not disclosing all info to the client and keeping the number of PL's to 3.
The more fingers in the pie, the bigger chance that someone will have dirty hands.
Even good brokers hate having to tell a client this and trade a problem for a potential one.
Lets just agree that it is a bad practice to not disclosing all info to the client and keeping the number of PL's to 3.
The more fingers in the pie, the bigger chance that someone will have dirty hands.
30
CO-BROKERING; 2 brokers working together to move a customers freight. One broker has the load, the other broker claims to have the truck. Both make a commission (usually) and often neither the actual customer nor the customers broker know who hauls the load. You have 3 parties involved in 1 load, not counting the customer.
DOUBLE BROKERING; A broker (or a carrier) sells a load to a carrier thinking that carrier will haul the freight. This carrier, for whatever reason, legitimate or nefarious, sells that load to another carrier. Again, neither the actual customer, nor the customer's broker knows who is hauling the freight. Any communication between the first broker, or his customer, and the actual carrier has to go through the double broker. Any payment problems between the actual carrier and the double broker can have a negative impact on the first, unsuspecting broker and his customer.
INTERLINING; a common practice across North America in the transportation industry. A very transparent and above board procedure of moving a shipment between 2 or more licenced carriers on the same Bill of Lading from origin to destination. Parties to the transaction are known to each other and controlled, usually through contractual arrangements.
In addition to whatiship stated, sometimes a bad carrier will do the same as a bad broker and accept any and all freight offered to him, knowing from the start that the freight will have to be sold off. I guess that is the difference between good carriers/brokers and bad ones. The good ones only accept freight they can handle themselves and service it properly. The bad ones take everything and just hope for the best as far as outcomes are concerned.
DOUBLE BROKERING; A broker (or a carrier) sells a load to a carrier thinking that carrier will haul the freight. This carrier, for whatever reason, legitimate or nefarious, sells that load to another carrier. Again, neither the actual customer, nor the customer's broker knows who is hauling the freight. Any communication between the first broker, or his customer, and the actual carrier has to go through the double broker. Any payment problems between the actual carrier and the double broker can have a negative impact on the first, unsuspecting broker and his customer.
INTERLINING; a common practice across North America in the transportation industry. A very transparent and above board procedure of moving a shipment between 2 or more licenced carriers on the same Bill of Lading from origin to destination. Parties to the transaction are known to each other and controlled, usually through contractual arrangements.
In addition to whatiship stated, sometimes a bad carrier will do the same as a bad broker and accept any and all freight offered to him, knowing from the start that the freight will have to be sold off. I guess that is the difference between good carriers/brokers and bad ones. The good ones only accept freight they can handle themselves and service it properly. The bad ones take everything and just hope for the best as far as outcomes are concerned.
20
So what you're saying is co-brokering is like regular real estate, and double brokering is like house flipping ... LOL
15
Thats right Madman, if no one knows about a load being double brokered and everything goes fine they call it co-brokering, but when things go sideways its a god-damned Double Brokered load.
That is an odd way of looking at it. If I hear that a load is double brokered before the end carrier is paid then I am doing what I can to make sure that happens. If I hear after the end carrier is paid I am still making sure the end carrier is paid and I ask for proof. Either way is double brokering. Its not different at all.
Same with carriers that use rail. I consider that double brokering as well.
Co brokering seems like a naive way of selling double broker.
It either is or it isn't. Cant have it both ways.
Shakey
Site Supporter
30
carriers using rail selling road are just scammers.
if you don't require team service and going into major center might as well use the rail other than issues winter and cold bring to the rail.