Simplifying the Process of Moving Freight Across
A load board is an online system whereby a shipper and a freight broker can post loads and match them to the right freight trucks. The load boards are also referred to as freight boards. This online system enables the shipper to find the right carrier for the load and then get into an agreement to move the cargo. The carrier can also be able to post information of their free equipment on the load board. The load boarded are dated back to the start of the twenty first century.
A number of criteria is used to allow someone to search and post in the load boards since most of them are complicated.The truck type, the location of the load, the destination of the load and the weight of the load are some of the criteria used by shippers and freight brokers in the load boards.The ability to make notes on load carriers and shippers, credit information or the number of days to be paid, mobile access and the pre-load financing are some of the services offered in the load or freight boards. Depending on the information provided by the shipper or the freight broker once it matches in relation to the carrier, the details of the load and the number of the shipper or the carrier is sent via text to the carrier.
There are many load boards which are either free or paid.For the new freight brokers and load carriers, it is advisable to use the free load board as compared to the sophisticated paid load boards.The competition in the truck loading industry is very high thus the free load board offers a good starting point for the new comers. The load boards are categorized into three groups depending on the cargo and time limit.The live bid board system, the urgent and the general freight are the categories of the load boards.
For the independent truckers and small companies, there is the freight factoring.The process in which the load carrier gets paid immediately after making a delivery is called the freight factoring.Small companies and independent truck carriers can hire a factoring company to handle the invoicing processes. After completely delivering the goods, the cash is paid up front minus the little service fee charged by the factoring company. The bidding in the load boards is done by the factoring companies on behalf of their clients the independent truckers and small companies.
The load boards usually incur limitations like the profit margins being very slim or the huge number of competitors in the market. The load boards have special services like cross border freight and interstate freights. Hundreds of people and businesses with trucks regularly check on the freight boards to obtains loads that match their description.