Week 1 Freight Broker/Agent Quiz

A detailed illustration of a freight broker in an office setting, surrounded by logistics maps, transportation vehicles, and shipment documentation, conveying a sense of movement and efficiency in the transportation industry.

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

26 Questions6 MinutesCreated by NavigatingCargo42

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

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

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

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

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

Week 1 Freight Broker/Agent Quiz

Week 1 Freight Broker/Agent Quiz

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