What does Freight Broker mean? Read on to discover the definition & meaning of the term Freight Broker - to help you better understand the language used in insurance policies.
A person, firm, or corporation that arranges transportation of commodities for a fee. The broker does no hauling and assumes no responsibility for the property being transported. Under the Interstate Commerce Commission (ICC) Termination Act, brokers are still required to register and file proof of required levels of financial responsibility.
We hope the you have a better understanding of the meaning of Freight Broker.