The global freight forwarding market has been seeing a steady growth of around 5 percent for the last four years. This trend is expected to continue and grow bigger. New trade deals like the Trans-Pacific Partnership (TPP), Trans-Atlantic Partnership (TAP), and many others are bringing the whole world into one marketplace.
In 2013, according to Transportation Intelligence, a leading logistics research firm, the freight forwarding industry was at 129 billion dollars, but as of today, it has grown by another 16-20 billion more.
This is an industry that, in my opinion, is 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 "Fulfilled by Amazon" (FBA) 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 or broker. This way, the merchandise can get relabeled and shipped to various Amazon warehouses.
In this audiobook, you will learn:
- What is a freight forwarder
- What is the freight forwarding business
- Types of freight forwarders
- Steps to becoming a freight forwarder
- How and where to get trained
- What courses you should take
- How to set up 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 and grow your business
- The elements of price quote
- Links to all forms and applications