Understanding Broker Rate Confirmations: Don't Overlook the Details

Reported about 3 hours ago

Before signing a broker rate confirmation, it's crucial to review it meticulously, as it is a legally binding contract that dictates payment terms, liability, and additional fees. Many small carriers lose money due to overlooked clauses related to detention, accessorial charges, and payment timelines. Always verify broker details, load specifics, rate structure, and fine print to safeguard your financial interests. Remember, each section of the confirmation can significantly impact your earnings and responsibilities, so take the time to ask questions and confirm terms before agreeing.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis