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Freight Broker Announces First Ever Rate Transparency Policy In Nation
Effective on May 1, 2014 LogisticsCom became the first national freight brokerage agency to enact an Ethical Broker Rate Transparency Policy. This rate transparency policy is open to all carrier partners of LogisticsCom along with our clients.
By supporting or enacting an Ethical Broker Rate Transparency Policy we as freight brokers will be doing our part in curtailing escalating cost brought on by large corporate mega-brokers and their efforts to maintain their high (22-35%) fees.
LogisticsCom will inform and verify with the customer what our fee is (deducted from their shipping bill) and what is forwarded onto the carrier. LogisticsCom will inform and verify with each carrier what the load actually pays and what they will be paid.
I would encourage every small to midsize freight brokerage agency throughout the nation to enact an Ethical Broker Rate Transparency Policy.