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The document is a Carrier and Broker Agreement between CARRIER and Trinity Logistics, Inc., outlining the terms of transportation services provided by CARRIER to TRINITY. It details the roles, obligations, and responsibilities of both parties, including payment terms, insurance requirements, liability clauses, and dispute resolution processes. The agreement emphasizes the independent contractor relationship and includes provisions for non-solicitation of TRINITY's customers by CARRIER. It is effective for one year with automatic renewals unless terminated with notice.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the broker to carrier spot rate?

The broker-to-carrier spot rate is the rate paid by brokers to carriers and owner operators. These are the pay to truck rates paid by transportation brokers. These rates are not governed by a contract or long term agreement so they are spot rates negotiated on a day to day basis.

Should your broker-carrier contract include instructions on how to change the contract?

Should your broker-shipper agreement include instructions on how to change the contract? Yes, as long as you and the shipper agree on the wording.

What is the difference between a carrier shipper and a broker?

Freight brokers are the middlemen of logistics. Brokers connect shippers who need freight hauled to carriers to haul the freight. Brokers are often hired by shippers. That means freight brokers do not actually have the freight and generally cant be held liable for any freight claims.

What is the carrier contract rate?

A contract rate is a set price negotiated with the carrier to move consistent loads of freight shipping in a specific lane for the extent of the agreement. The rate is based on the market price at the time the agreement is finalized.

Is it better to be a carrier or a broker?

Again, carriers and brokers can serve important roles, but they are very different. Brokers provide a more comprehensive service and are better equipped to help you select the right insurance policy.

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What should your broker-carrier contract say about rates?

Freight rates and fees are defined in the broker-carrier agreement, including shipping costs, fuel rates, customs/taxes, handling fees and any other expenses. The document should specifically address and when and how youll receive payment for transporting the load.

Can a carrier act as a broker?

A motor carrier must apply for broker authority to broker shipments. Answer 6: Basically yes. Registration requirements for both include that the person must have sufficient experience to qualify to act as a freight forwarder or broker; and is fit to act as a freight forwarder or broker.

How do freight brokers calculate rates?

To get shippers, the freight broker will need to understand that the rates are ultimately determined by supply and demand. To be more specific, brokers calculate freight rates as a ratio between trucks and loads in any given area or lane.

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Got questions?

What is the broker to carrier spot rate?

Should your broker-carrier contract include instructions on how to change the contract?

What is the difference between a carrier shipper and a broker?

What is the carrier contract rate?

Is it better to be a carrier or a broker?

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What should your broker-carrier contract say about rates?

Can a carrier act as a broker?

How do freight brokers calculate rates?

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