How to Best Understand Freight Broker Marketplaces
… operate as a for-hire carrier, requiring filing legal documentation and keeping rates on file with the state. They can use a standard freight carriage contract, or they use an individual service broker. They may have to use the freight contract employed by the broker. In fact, according to Trucking Partners, around 53% of private fleets are registered as for-hire carriers. Some percentage of the other 47% also carry solicited freight through what is essentially a loophole called trip-leasing, where a private fleet truck can run under the authority of a common carrier for a “trip.” It is …