A “Brokerage” is made up of a Freight Broker and any amount of Freight Agents. The Broker essentially owns the business, and the agents work under the Bond and Authority that the Broker has obtained. The broker is also in charge of the cash flow of the business, giving agents the sole responsibility of making money hand over fist. The Broker generally takes 30%-50% of each agent’s profits.
There is only one level of certification required and available. When you obtain your Transportation Property Broker Operating Authority from the FMCSA you are fully licensed to legally broker freight. Contrary to what many advertise there are no other levels such as: Apprentice, Journeymen, or Master Broker Certifications. Those titles are an un-clever tactic used to charge students more for services.
We do provide a Certificate for people who complete our training AND pass the final test. Why? You must have a Completion Certificate in order to participate in our Freight Agent Job Placement program!
Not at all! Watch out, as some schools will charge a fee and do this for you as an “extra service” even though it is relatively simple to do. When you submit your application (FORM -OP1) a temporary MC number will be issued instantly. Your permanent MC number is issued once you have obtained your $75,000 surety bond and a 10 day investigation period has been completed. When you receive your approval letter from the FMCSA you will then have thirty days to obtain a BOC3 processing agent. We walk you through how to do all of this (and more) step-by-step in our Freight Broker Course.
There are four requirements that must be met in order to become a licensed “Transportation Property Broker” with the FMCSA. Your brokers Authority, obtained by filling out and submitting Form OP-1 – $300. Your Surety Bond or Trust Fund in the amount of $75,000 which is filed with Form BMC-84 or Form BMC-85. You must acquire a Processing Agent and submit Form BOC-3 – $50. You will also need a UCR (Unified Carrier Registration) which costs $76 annually.
Your profits rely on how much you know about supply chain management and the shipping industry. Any specific niche markets that you choose to specialize in will affect the types of freight that you move as well as the amount of hours you dedicate to the job. Input directly correlates with output, you get out what you put in. After training with us you are fully capable of annually earning $40,000 starting out to well over $500,000 once you get the hang of it, the potential is truly limitless. We equip you with everything you need to become as profitable as you desire.
Pretty much, some brokerages will hire anyone from almost any walk of life – as long as they are making money and are not tarnishing the brokers reputation.
We have partnered with several brokerages who are looking for ambitious and TRAINED Freight Agents. Once you complete your training it is easy to apply to a number of brokerages, giving you the option of working from home or in an office near you.
We don’t want you to feel like you can’t do this without us. So, in the General Logistics Training Course and Freight Agent Course we show you how to find quality companies to partner with as well as how to present yourself as a quality prospect (You can include our Training Completion Certificate with your resume & application).
In the Freight Broker Training and Freight Agent Course, there are more than 350 5-10 minute video tutorials with about 7 total hours of detailed instructor guided lessons. You are free to complete the courses at your own rate and at whatever time of day that works best for you. No mandatory webinars or textbooks. Find the specific duration for each in the same place that you register for courses, click “courses and pricing” on the menu bar and select a course that you would like to learn more about.
Yes, in fact Entrepreneur Magazine rated Freight Brokerages as one of the top home-based business to own. Many brokers and agents work out of a home office. Your basic necessities include a computer/internet, a fax machine, a telephone, and a load board account (We suggest dispatching software too, especially if you are a broker planning to have agents). We will walk you through all of the details that you need to know in order to set up your home based office in our courses.
Definitely. There are plenty of freight brokers who operate outside of U.S. jurisdiction. You can easily work from Canada, Mexico, The Philippines, Costa Rica, Grenada etc. You could travel to any beach in the world and take your new job with you.
More than you can imagine! A recent Wall Street Journal article cited Freight Brokering and supply chain management as the largest growing sector of the transportation industry. Use what you learn from our courses to tap into the $1.4 trillion dollar-plus shipping industry. Without one company influencing more than 3% of the industry capacity, there is a massive free market available to you.
No problem! Contact us at email@example.com and we will only charge you the difference between the two courses and you’ll have full access to our Freight Broker Training course.
Absolutely! Other Freight Broker Training schools charge you for samples of Freight Broker Agreement Contracts, but not us! We understand that these forms are necessary components for starting your business, so we include information and instructions for filling out and using all of the legal documentation involved. We guide you through everything because we believe it is best if you know what’s happening.
Yes you may! Just let us know – if you don’t your account might get shut down due to suspicious activity. We will limit the number of IP addresses that your account can be opened under. There is a form to fill out when you purchase your course, so if you have plans to use our programs for this we will adjust your account permissions. If your account is frozen and you think it shouldn’t be, call us so we can work it out with you.
Moving Freight: You will generally start your morning off by calling drivers for status updates on loads, then you will call your customers to let them know the status of their orders. You will take care of any issues that may have come up, and will now usually start getting requests from your customers for more trucks. You’ll move a load or two while you scan the load boards for some freight or participate in some good old cold calling. You’ll take a break for lunch, and if you did it right earlier in the morning you’ll have some freight to move throughout the afternoon. You’ll sit on the phone and chit chat with dispatchers and customers alike. Towards the end of the day it will generally taper down as you cover your remaining loads and make any appointments to be made. When you leave the office it will feel like you just got there.
Freight Brokers are often confused with Freight Forwarders. Freight Forwarders and Freight Brokers do perform some of the same tasks, however these two occupations operate under different legal restrictions and regulations. A Forwarder “takes possession” of the items he or she is shipping, consolidates the order smaller shipments, and then determines the transportation arrangements of the consolidated shipments. While a Freight Broker never “takes possession” of items being shipped. For more information on the different types of Authority, visit https://www.fmcsa.dot.gov/registration/types-operating-authority
We sincerely try! But just because you get a phone number doesn’t necessarily mean you have a customer. We show you exactly where to find the contact information (LEADS) to +1,000,000 direct shippers. Learn how to find more freight than you can move.
Ha! We assumed you were, just kidding. We will run you through our signature Cold Calling Crash Course and TEACH YOU HOW TO CLOSE DEALS. We equip you with more than 10 start to finish closing strategies for you to follow – find which ones work best for YOU. Prepare for objections to your sales pitches and so much more.
Yes you may! All you have to do is send in an application if more than just you will be using it. The application will be available when you purchase the course. If there is suspicious activity on your account and no application has been filed, you will lose access to the course portal. So just fill it out!
It is designed for anyone unfamiliar with how the transportation industry functions. Business owners (shippers and suppliers) looking to cut down on shipping costs for themselves will benefit by expanding their understanding of how everything works, they may also efficiently train transportation managers with this course. It has become popular with Trucking Companies, being used to train dispatchers and other new employees who are unfamiliar with the industry.
Nope! Those two courses have everything you need to take you from 0 to 100.
As many as you need! All you have to do is send in the application you’ll receive after purchasing the course if more than just you will be using it. The application is attached in the first section of the course. If there is suspicious activity on the account and no application has been filed, you will lose access to the course portal.
Anyone who wants to start and GROW a freight brokerage without spending all of their time training new agents and other employees. We will train you, and then anyone you decide to bring on board – no matter how little experience they’ve had. You and your agents will have a surplus of sales training and industry resources. And what if you decide to become asset based? Run your dispatchers and new employees through our basic sales training as they accumulate and you grow.
You will get a link to your portal once you have purchased the course. From here you can complete all of the courses included in the package
First of all, make sure you have submitted the multi-use application. Simply log in to your account and give them access – they do not need their own accounts on Logistics Academy
Email us. We will get you a new one!