Simplifying the Process of Moving Freight Across
The load board is an online system that allows freight truckers to be able to see the information posted by shippers and freight brokers regarding available loads for transport. The load boards are also referred to as freight boards. An agreement is reached between the shipper and the carrier via the online system. The load boards can be used by the carrier to post information regarding their free equipment. The load boards were started at the early twenty first century and have grown rapidly.
Because of their complexity, a number of criteria is used for one to be able to post and search in the load board.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 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. 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.The paid ones are more sophisticated so it is advisable for new freight brokers or load carriers to use the free load boards.The new comers in the highly competitive truck loading industry get a good starting point from the free load boards. The are three groups that categorize the load boards depending on the time limit and the cargoThe 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.The process in which the load carrier gets paid immediately after making a delivery is called the freight factoring.The handling of the invoices can be done by the factoring company hired by the small companies or the independent truck driver. They usually charge a little fee for the services but the rest of the money is paid up front after delivering the load. The bidding in the load boards is done by the factoring companies on behalf of their clients the independent truckers and small companies.
Other than the disadvantage of having a lot of competition in the market, the load boards profit margins are very slim. The load boards have special services like cross border freight and interstate freights. Many truck owners whether individuals or businesses use the load boards to obtain any load information that matches their description.