Understanding Freight Terms: Freight Forwarding
Friday, May 19, 2017
The transportation and freight industry is growing, evolving, and expanding faster that anyone could imagine. With that comes logistics technology, broker jobs, and more terms than can fit into an FTL (Full Truck Load).
Today, we will look at the term freight forwarding, which is known to some as a forwarding agent or non-vessel operating common carrier (NVOCC). A freight forwarder is a company, or an individual, responsible for arranging transportation of cargo. They themselves do not physically move the shipment, rather they contract with a transportation company who does.
Freight forwarding brokers can utilize a variety of freight carriers and transportation methods, such as plane, ship, train, or truck. When the transportation occurs via the ocean, the agent is call an NVOCC.
In the US, an NVOCC is viewed as a transportation company that is physically responsible for the goods being transported. A freight forwarder, on the other hand, acts as an agent for a shipper and therefore is not liable for loss or damage while the freight is en route. US freight forwarders must also register with the Federal Motor Carrier Safety Administration (FMCSA) and are subject to trucking industry rules and regulations.
At Gateway Logistics we provide the convenience and cost effective benefits of a freight forwarder, along with logistics management expertise. We work with a network of trusted carriers with whom we’ve developed long term relationships to deliver your freight on time, on budget, over and over. Contact us today to see what we can do for you.