How to Succeed in Freight Brokering
A freight broker is a professional in the transportation industry who manages the logistics of shipping goods from one location to another. This includes finding and coordinating transport carriers to ensure that cargo arrives safely, on time, and at the correct cost.
Freight brokers have to follow strict legal requirements to become licensed. This includes registering a name, obtaining operating authority from the Federal Motor Carrier Safety Administration (FMCSA) and securing a surety bond or trust fund. They also must develop a business plan and secure lines of credit to meet their operational costs.
The salary of a freight broker varies state by state, but it can be as high as $100,000 a year for experienced professionals. The amount you earn depends on your years of experience, industry knowledge, employment status and geographic location.
Training is not legally required for freight brokers, but it is recommended if you want to succeed in the industry. This can include attending freight broker training school, learning from trucking industry experts through online forums or publications, and gaining hands-on industry experience.
Online Courses – Self-Paced
Most freight broker training schools are online, offering the option to study at your own pace and on a schedule that works for you. They often offer video lessons, texts and other materials to help you learn at your own pace, from anywhere in the world.
In-Person Classes – Face-to-Face
Most training schools offer in-person freight broker classes to give you a more hands-on learning experience. These courses can be held at various times of the day and can last between 30 and 45 days.
Personal Coaching – Individualized Support
If you need extra support as you prepare to start your own freight broker business, consider a group or personalized coaching program like Freight 360’s. This will provide you with a customized set of tips and tricks that will help you meet your specific goals.
New Broker Training – Career Incubator
The most important step in becoming a freight broker is getting the right training. A good freight broker training course will teach you everything you need to know about the industry. It will also give you the tools and support you need to be successful for the long haul.
Resources for New Brokers – Virtual Events
The best freight broker training programs also offer resources for their students to continue their education and build their network. For instance, Brooke Transportation Training Solutions hosts Resource Friday, a weekly virtual event that gives their graduates the opportunity to speak with freight brokerages and other companies about agent positions.
Freight Broker Certification – Transportation Intermediaries Association’s CTB Program
The freight industry is always growing, so there is always room for qualified transportation brokers. The TIA’s CTB program is considered the industry’s premier training course and will set you up for success.
Whether you choose to attend an in-person, online or self-study course, the most important part of becoming a freight broker is the quality of your training. Look for a reputable school that has a reputation for providing excellent training. Additionally, check to see if the school offers a money-back guarantee so you can try out their courses risk-free.