What Is Taught in Online Freight Broker Training?
If you're interested in becoming a freight broker, then you should consider online training. Many online courses are available to teach individuals the skills and concepts used in freight brokerage.
Overview of Online Training
Freight brokers match shipments of goods with cargo carriers to transport the shipments to their destination. Online freight broker training programs provide students with the business, legal, negotiating and technical skills to start a business as a freight broker. Below are some examples of skills and concepts that are examined in freight broker training programs.
Important Facts About Freight Broker Training
|Online Availability||Available online|
|Certificate Levels||Students receive a certificate of completion at the end of the program; a property broker authority from the FMCSA is required to operate as a property broker|
|Prerequisites||A college degree is not required, but students who intend to work in the U.S. should complete a program based on U.S. domestic freight brokering|
|Possible Careers||Property broker, freight broker agent|
|Median Salary (2019)||$41,878 (freight brokers)*|
|Job Outlook (2016-2026)||10% growth (all cargo and freight agents)**|
Sources: *PayScale.com; **U.S. Bureau of Labor Statistics (BLS)
Business Start-Up Skills
Some online freight broker training courses provide students with the skills to start their own freight brokering business. Students learn about the freight broker industry, career duties, terminology and networking opportunities that can benefit their own business. The online course trains students to have a business mindset and apply problem-solving skills to any situation that may arise as a freight broker.
In online training, students also learn about the legal documents necessary to work as a freight broker. Some of the other concepts that are taught for people wanting to set up their own freight broker business include:
- Obtaining a freight broker's license
- Broker's authority
- Surety bond or trust fund
- Transportation software
From building loads to tracking shipments, concepts in operations and load dynamics are an important part of online freight broker training programs. This course is designed to help students develop the skills needed to understand carrier contracts, build carrier/shipper relationships, determine shipping rates, obtain insurance and arrange shipment pick-ups and deliveries. Required load data, safety and other fees such as fuel costs and surcharges are also likely to be discussed.
Individuals learn how to negotiate contracts with shippers and carriers as well as other negotiating techniques useful in the freight broker industry. Freight brokers must know how to negotiate contracts with carriers and shippers to get a good business deal. Online training courses in negotiating techniques can strengthen the business opportunities by training brokers to correctly create contracts. Freight brokers with strong negotiating techniques can establish many business relationships with future shippers and carriers so they can calculate freight rates for clients.
Freight Broker Software
Another important concept is using freight broker software technology. Students gain training in freight broker software so they can manage their shipments, orders, accounting and load data. Using technology to operate a freight broker business can eliminate a lot of paperwork and condense all of the necessary information into one convenient location. They also learn to use software to help track and dispatch loads, find carriers and shippers and send electronic files to the right contacts.