How Truckers Can Benefit From a Load Board
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. Freight boards are also used to refer to the load boards. An agreement is reached between the shipper and the carrier via the online system. The information about the free equipment of the carrier can also be posted on the load boards. The load boarded are dated back to the start of the twenty first century.
Most of the load boards are complicated and it requires a number of criteria to be able to search and post in them.The criteria used by the cargo handlers and shippers in load boards include the load location, weight of the load, destination of the load and the truck type.The following services are offered in load or freight boards; pre-loads financing, ability to make notes to shippers and load carriers, number of days to be paid or the credit information and also mobile access. When the information of the shipper and the freight brokers matching relation to the carrier details, the load boards will notify the carrier via text message the full information of the load and the phone number of the shipper or freight broker.
The load boards are very many and can either be 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. Depending on the cargo, time limits and other factors, the load boards are categorized into three groups.The live bid board system, the urgent and the general freight are the categories of the load boards.
Freight factoring can be used by the independent truckers and small companies.Freight factoring is an easier way that allows a load carrier to get paid for their service immediately they are done with delivering.The handling of the invoices can be done by the factoring company hired by the small companies or the independent truck driver. 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. There are still lots of benefits of using the load boards because some of them offer special services like crossing border freights and interstate freights. Hundreds of people and businesses with trucks regularly check on the freight boards to obtains loads that match their description.