Forums: Discussions for entrepreneurs and small business.

Been reading the site for a few days really getting hooked on this site, Of course, I do tend to obsess.

I`m looking to step out on my own. Freight Brokering business as an agent.

Any advice would be very appreciated.

 

 

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The most interesting information comes from children, for they tell all they know and then stop.
Mark Twain

:-) Hi Curi....
What does a freight brokering agent do? And maybe you can explain, what does "FOB" actually mean, if something is being shipped from China? (Ran into this the other day, in regard to our own business planning.)

Hello CraigL :)

A Freight Broker is Someone who basically finds trucks for companies.

We also keep track of where the truck is, handle problems as they arise and so on.

An Agent is someone who works under a Brokers license but has their own customers. sometime they work out of the brokers office or have their own office, or many have home based operations.

Freight On Board.  Usually the seller will designate whether it is F.O.B. at his store/plant or if it is F.O.B. your destination. This determines who is liable for the freight risks/costs.

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The most interesting information comes from children, for they tell all they know and then stop.
Mark Twain

Okay...so F.O.B. is what....like COD? In other words, when I get a price quoted as FOB to my store, that`s the price of the materials, plus the cost of shipping my order to the final destination of my store? Right?

Hello and welcome in :) Unfortunately, I don`t have any good advice for you, but hopefully someone here will.

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Yes.....CraigL, Expect unlike COD its not necessarily pay on deliverly. but it would be your cost in this situation.

 

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The most interesting information comes from children, for they tell all they know and then stop.
Mark Twain

Hello Christina, And thank you for the Welcome.

Oh bad advise may be acceptable as long as a don’t have to follow it ;)

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The most interesting information comes from children, for they tell all they know and then stop.
Mark Twain

Curi, Thank you for explaining this FOB in a way I can understand. I think I`ve heard the term for years, but only recently did it have concrete application to what I`m actually doing. You`ve helped in a decision-making process, and that`s excellent! :-)

Greetings! and Welcome to SUN- I`ve only been here a short time myself and find much useful info and helpful people.  Good Luck!