What Do You Know About Freight Broker? Trivia Quiz

14 Questions

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What Do You Know About Freight Broker? Trivia Quiz

What do you know about Freight Broker? A person in this position is tasked with finding the best carriers to deliver a shipment to different clients. Do you think you would excel in this career based on what you know? Well, take up this quiz and lets base your answer on how high your score gets to become. All the best!


Questions and Answers
  • 1. 
    The broker is paid a fee for processing the services as an intermediary.
    • A. 

      True

    • B. 

      False

  • 2. 
    The legal name for a freight broker is called a transportation broker.
    • A. 

      True

    • B. 

      False

  • 3. 
    A broker negotiates the terms of the transaction but does not manage the shipment from its origin to its destination.
    • A. 

      True

    • B. 

      False

  • 4. 
    A licensed freight broker declares an interest in the cargo.
    • A. 

      True

    • B. 

      False

  • 5. 
    A freight broker is someone who provides the transportation for a shipment.
    • A. 

      True

    • B. 

      False

  • 6. 
    There are only two steps to become a Freight Broker which are obtaining broker authority and a surety bond.
    • A. 

      True

    • B. 

      False

  • 7. 
    The freight forwarder usually handles freight from the port of export to overseas port of import.
    • A. 

      True

    • B. 

      False

  • 8. 
    As a freight broker agent, the contract with the broker is typically set up where there is a commission split on the gross profit margin between you and the broker.
    • A. 

      True

    • B. 

      False

  • 9. 
    To become a freight broker agent an individual is required to obtain federal licensing or put up a bond.
    • A. 

      True

    • B. 

      False

  • 10. 
    There is breaking the ice period for new companies which consists of making lots of calls per day.
    • A. 

      True

    • B. 

      False

  • 11. 
    Which statement is incorrect about Double Brokering?
    • A. 

      Double Brokering is illegal.

    • B. 

      You are required to keep a "date of payment to the carrier."

    • C. 

      It is not the responsibility of the broker to make sure the carrier is insured.

    • D. 

      Brokers arrange the transportation of property by an authorized motor carrier.

  • 12. 
    The largest truckload operators are:
    • A. 

      Rush Trucking, Celedon, JB Hunt

    • B. 

      Celedon, Schneider National, Landstar

    • C. 

      Rush Trucking, Landstar, Schneider

    • D. 

      Schneider National, JB Hunt, Landstar

  • 13. 
    Choose the best response to complete the statement below. The introduction of the______________ freight management concept in the last several years is rapidly spreading in the current business climate.  
    • A. 

      On-time delivery

    • B. 

      Just-in-time

    • C. 

      Rushed on time

    • D. 

      Freight time response

  • 14. 
    From 2004 to 2006, freight rates have increased an estimated:
    • A. 

      45%

    • B. 

      55%

    • C. 

      35%

    • D. 

      65%