Week 1 Freight Broker/Agent Quiz
Week 1 Freight Broker/Agent Quiz
Test your knowledge of the freight brokerage and logistics industry with our comprehensive quiz designed for aspiring brokers and agents. This quiz covers essential topics, industry terminology, and practical scenarios that every freight broker should know.
- 26 Engaging Questions
- Multiple Choice and Open-Ended Formats
- Perfect for Freshers and Enthusiasts
The impact of freight brokers have on both the logistics industry and the ________ is massive.
Good Relationships
Middleman
Connector
Router
Freight brokers have to posses ____________ when it comes to the logistic industry.
Expert Knowledge
Ability
Foresight
Intuition
The freight broker will then match the client with a __________ who can move the cargo for a price that is acceptable to both.
Freight Carrier
Foreman
Amazon driver
Shipper
The freight broker and agent will earn money as a ___________, which is paid by either the client or the carrier.
Commission
Bonus
Incentive
Tariff
Freight Brokers should not be confused with ___________; they are both different things.
Freight Forwarders
Coordinators
Shippers
Freight Monitors
A Freight Forwarder will _________ take possession of the cargo and split it into smaller shipments.
Physically
Summarily
Carefully
Completely
The difference between the rate the shipper is paying, and the fees charged by the carrier is sometimes referred to as the _________.
Spread
Variance
Perception
Control
When the operating costs are deducted from the profit it leaves the freight broker with a _______.
Margin
Salary
Escrow
Deposit
What is a Factoring company ?
3rd party that Provides Fast payment for your invoices
Chase bank giving loans.
Investor lending you money
None Above
How much is a Surety bond for a Freight broker ?
75,000
65,000
75,000
1,000,000
What is a Lumper ?
A lumper service is when a shipper or receiver hires third-party workers to help load and unload freight from the trailers or trucks arriving at their facility
A Warehouse Employee that helps with paper work
A Shipper assigning loads
A Consignor giving shipments
Who pays Lumper fee's ?
Broker
Shipper
Carrier
Warehouse worker
Unlike other industries, the ________ industry is always in high demand.
Boxing
Freight
Shipping
Regulatory
Without _______ there would be nothing in stores, no home deliveries, etc……
Cargo
Dispatchers
Truckers
Freight
Advances in _____________ are also making it much easier to match freight carriers with right clients and their cargo.
Technology and Software
Scales and Weights
International and Local
Abercrombie and Fitch
How big are Dry vans Trailers ?
48'-54'
54'-64'
48'-53'
48'-84
Customers who need their cargo moving from point A to Point B
Inspectors
Trackers
Truckers
Shippers
People who initially receive the loads, or possibly be the intended recipient at the final destination.
Dispatcher
Loader
Consignees
Foreman
The rate you charge will be based on the type of freight you are dealing with and where it needs to travel to. This is to be _________ with the shipper, along with any other terms.
Discussed
Planned
Negotiated
Arbitrated
Does an Agent need a Bond ?
True
False
Once you reached an agreement with the shipper on prices and what the service entails, and you are now responsible for the load, it’s time to find a ____________ who will transport the goods
Foreman
Trucking Company
Union
Philatelist
Are Weight limits and permits Required ?
True
False
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