The Importance of Freight Broker Training
The demand for freight brokers is growing as the need for logistics and supply chain professionals grows. This growth is attributed to increased efficiency in supply chains and demand for e-commerce that requires fast and reliable shipping solutions. As a result, many entrepreneurs are starting businesses to capitalize on this demand and become their own bosses. This type of career is a great way to become an entrepreneur and earn an excellent income.
However, to be successful in the field, it is important to have proper broker training. The right training will prepare you to meet the high demands of the industry, and help you grow your business. There are a variety of training options available, from online courses to coaching and consulting services. Each of these options has their own unique benefits.
Freight brokering is a lucrative and rewarding career for those who have the right skillset. However, like any other profession, it takes time and patience to build a reputation in the industry and gain a foothold. This is why it is crucial to enroll in freight broker training courses to learn the ins and outs of the industry. These courses will teach you the fundamentals of freight brokerage, including how to make a profit and what to look for in a good client.
There are several different options for freight broker training, including online courses and in-person classes. Online training is often more affordable and self-paced, while classroom or instructor-led classes offer more one-on-one instruction. Both options can be a valuable resource for new brokers, depending on your individual learning needs and preferences.
Whether you choose online or in-person training, it is crucial to enroll in a course that has been accredited by a credible organization, such as the Transportation Intermediaries Association (TIA). Accredited courses will ensure that you are getting the best education and knowledge from an experienced professional in the industry. They will also provide you with resources that can help you start your own brokering business.
While some trades require a degree or other credentials, freight brokering is a simpler profession to get into. National regulations only require a high school diploma or GED certificate and a government-issued broker authority license to begin. However, some people choose to pursue voluntary certification or participate in a training program to strengthen their skill set and stand out from the competition.
In addition to the basics of freight brokerage, freight broker training will also cover a variety of advanced topics. These include how to calculate and negotiate rates, how to identify profitable customers, and how to use technology tools to streamline processes. This will allow you to save time and money while still providing your clients with quality service.
While the salary for a freight agent varies, according to Bureau of Labor statistics, the median annual wage for transportation, storage, and distribution managers — which includes freight brokers — was $97,630 as of May 2020. The salary for a freight broker depends on their expertise, location, and company size.