Online Freight Broker Training
Every business including fright brokerage requires experience. You need to learn a lot before stepping into the real world of the shipping industry. From licensing and operations to sales and marketing, we can guide you at every step, and that too through our online course.
Come, be a part of our online freight broker course, and become a pro at your freight business.
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Objectives of our freight broker course
- Our experienced freight brokers help you learn the ins and outs of the industry.
- Learn the art and get the resources that can help you get registered with the FMCSA.
- Get a surety bond and step into the world of the shipping industry.
How should I get registered?
We have created a 100% online freight broker course that you can access from anywhere in the world without leaving your home. Also, there is no restriction on when to start. Once you get yourself enrolled in the course, complete it within the next six months.
Though there are no prerequisites to take this course, anyone can join it. But it’s important to know that this course is about U.S. domestic freight brokerage. Hence, it can be beneficial for you only if you plan to do business in the United States.
Course Curriculum
We cover the following topics in our freight broker training:
Alphabets of freight broking: This includes the qualities and skills of an effective freight broker and a freight broker agent’s job duties.
Steps to launch your office: What are the prerequisites to launching your brokerage business and setting up your office?
Evolve your corporate identity: Evaluate business goals and develop your own corporate identity.
Shipper and carrier packet setting: Learn which documents are to be sent to shippers and carriers.
Broker software usage: Broker software that works best for business, how to fill out forms and logs. How to manage common freight brokers’ problems.
Freight and their niche market types: Learn about different types of freight and their niche markets.
Transportation Law: As a broker or an agent, transportation law affects you, so it’s important to learn why the laws are important to operations.
Contracts protecting broker: Knowing about how contracts protect brokers and carriers.
Broker-shipper agreements: Get insights into an effective broker-shipper agreement.
Carriers/brokers insurance: Which insurance policies and forms are essential for carriers and brokers?
Finance handling: Different processes like accounting, recordkeeping, and financial management are handled by a freight broker.
Quote handling: Determine your rate quotes based on relevant information.
Carrier problem sorting: Difficult situations from a carrier’s point of view and their solutions.
Sales and profit: Techniques for having a profitable sale.
Marketing secrets: Marketing efforts that are business-beneficial.
Negotiation skills: Beginning your first real sales calls, learn to improve your negotiation skills.
Where do I stand after taking freight broker classes?
According to the US Bureau of Labor Statistics(BLS), freight brokers and agents have bright future careers. In the next five years, 30% job growth is expected.
The US Bureau of Transportation (USDOT) estimates that over 11 billion metric tons of freight move by truck each year. According to estimates, this number will continue to grow, so skilled brokers are in high demand to keep the industry moving.
FAQs
What is the job of freight brokers?
Freight brokers help shippers to find carriers for their freight transportation. They take financial responsibility in the shipping process by invoicing shippers, paying carriers and agents, and more.
What are the requirements to be a freight broker?
You need to have four legal documents to be a freight broker.
- The FMCSA-based broker’s authority is available for a $300 fee. You can file for broker authority after completing the form OP-1.
- A trust fund or surety bond is something you can get from a bank or bonding company. The bond cost varies depending on your credit; at least one is a $75,000 bond or trust. The form filed with this is BMC-84 or BMC-85.
- A processing agent, which costs around $50 with BOC-3 form.
- After going through all of this, you can file for unified carrier registration.
What is the scope of the freight broker business?
The freight broker business is a relatively new industry, established in the last century. According to estimates, freight brokers accounted for over 10% of the shipping industry. Freight brokerage is the fastest-growing industry and according to the US Bureau of Labor Statistics, there will be a 30% job growth in the freight brokerage industry in the next five years.
What equipment do I need to start my freight brokerage business?
For opening a freight brokerage agency, you need a computer with high-speed internet, a telephone, a phone service with inexpensive unlimited long distance, and a fax machine. To open a brokerage you need to purchase a transportation software program. If you are an agent; you can use your broker’s software system, there is no need to purchase your own.
How is a freight broker different from a freight agent?
A freight agent is an independent salesperson who works for a freight broker or independent broker. A freight agent takes a commission to bring in new customers for brokers.
How much does an average freight broker make?
According to the Bureau of Labor Statistics, freight brokers make an average of $45,000 per year. Experienced brokers can earn more than $66,000 per year.
What are freight brokers’ work hours?
They can set their work schedule, deciding when and how many hours they can work. Many freight brokers now work from home to maintain a work-life balance around shipping schedules.
What is FMCSA?
FMCSA is the Federal Motor Carrier Safety Administration, which regulates and provides safety to commercial motor vehicles.
Bottom line
We provide you with one of the best opportunities to be a successful freight broker with our online freight broker course. No need to step out of the comfort of your home to join the course; get enrolled in a 100% online course and learn the secrets of becoming a freight broker at your own pace.
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