How to Start, Run & Grow a Successful Freight Forwarding Business
The global freight forwarding market has been seeing a steady growth of around 5% for last four years in a row now. This trend is expected to continue and grow bigger. With all the new trade deals like TPP (Trans-Pacific Partnership), TAP (Trans-Atlantic Partnership) and many other similar trade deals between countries are bringing the whole world into one marketplace.
According to Transportation Intelligence, a leading logistics research firm, in 2013 the freight forwarding industry was at 129 Billion, but as of today, it has grown by another 16-20 billion more.
This is an industry that in my opinion still in its infancy, with TPP, TAP and many other global trade agreements, the need for such services will grow higher every year.
Another rapid growth I see in this business is from all the Amazon FBA(Fulfilled By Amazon) business owners, most of who buy their merchandise from China. Now Amazon never accepts merchandise directly from a foreign country, so each and every piece of merchandise has to come through a freight forwarder/broker. This way the merchandise can get relabeled and shipped to various Amazon warehouses.
In This Book You Will Learn:
- What is a Freight Forwarder
- What Is Freight Forwarding Business
- Types of Freight Forwarders
- Steps To Becoming A Freight Forwarder
- How to get started
- How and Where to Get Trained
- What Courses You Should Take
- How To Setup Your Business
- Legal Factors
- Freight Forwarder Licenses
- Steps to FMCSA Registration
- Insurance Requirements
- Running a Freight Forwarding Business
- Trading Condition and Limiting Liability
- How To Promote & Grow Your Business
- The Elements of Price Quote
- Links to all forms and applications
But one word of caution, please don't think reading this book will be enough to get started as a freight forwarder, it takes some training either on the job (like I did) or formal school or online training to get started in this business. In this book, I shared some of the resources that are available for you to get started.
If you are thinking about getting into this business, trust me when I say this, there is not a better time than now to get started. Do your research, get educated, get started.
Good luck!