How to Choose the Best Freight Broker Training
The transportation industry is an important part of the national economy, and freight brokers play a critical role in connecting shippers and manufacturers. They are also responsible for the logistics of loading and unloading, negotiating rates and working with carriers. In addition, they must be familiar with various regulations and laws regarding the transportation of cargo. As a result, broker training is vital for anyone looking to launch a career in this fast-growing field.
To choose the best course, prospective freight brokers should look for a reputable training school that is recognized by the industry. They should also consider the experience of the instructors. Ideally, they should choose a course taught by someone who has started and grown his or her own successful freight brokerage business. Moreover, a reputable training program should offer different courses to cater to different needs of freight brokers. This includes courses on sales, marketing and transport management systems.
A broker training course should cover a range of topics, including the differences between a freight agent and broker, the legal requirements for both jobs and the steps to setting up a trucking or freight agency. It should also cover essential business skills, such as financial management, business marketing and negotiating. In addition, it should cover valuable tools and software used by freight brokers to maximize productivity and profitability.
In addition, a freight broker training course should be designed to meet the specific requirements of different states. For example, in New York, freight brokers must be licensed and obtain a federal UDOT number. They must also purchase a surety bond or trust fund agreement of at least $75,000. This ensures that customers will receive payment in the event of a broker’s failure to fulfill their contractual obligations.
Choosing the right freight broker training program depends on the individual’s budget and educational goals. Typically, online training is less expensive and offers interactive learning modules, printable worksheets and videos. On the other hand, classroom or instructor-led programs are more expensive and more comprehensive. However, they provide more accountability and guidance.
In addition to online freight broker training, some schools offer classes at their own locations. For instance, the American Association of Freight Brokers (ABA) offers a 5-day course at its Seattle location. The cost of this course is $599. The course teaches the basics of freight brokering, locating loads and communicating with clients. It also covers important business skills, such as record-keeping and business marketing. ABA also offers an online freight broker course for those who can’t attend in person.