How Carriers can Vet brokers and Shippers
1. Evaluate Experience Levels
- Experience matters in the fast-paced freight industry. Consider the brokers' or shippers' track record:
- How long have they been in business?
- Do they understand market trends and adapt to changes?
- Search for online reviews or ratings of brokers and shippers. Platforms like Google Reviews, Trustpilot, BulkLoads Company Reviews provide insights into their reputation and reliability.
- Learn from others' experiences to make informed decisions.
- Use the BulkLoads Forum search bar or create forum post asking BulkLoads community to get feedback
- Request references from the broker or shipper.
- Inquire about payment practices.
- Assess communication and professionalism.
- A financially stable partner is more likely to fulfill payment obligations promptly.
- Look for signs of financial health, such as consistent operations and a positive credit history.
- Clear communication is vital. Ensure the broker or shipper:
- Shares payment terms upfront.
- Provides accurate and timely updates.
- Is transparent about any changes or incidents.
- Explore tools that streamline vetting processes:
- Smart Freight Approved Shippers list: Shippers go through an onboarding process to ensure they are reputable and in good standing
- FMCSAs SAFER Database: Verify insurance and bonding information.