How much money can you make as a logistics broker?
The national average salary for a freight broker in the United States is $62,105 per year, with an average additional compensation of $28,000 per year for commissions. Many factors influence the salary of a freight broker, especially location.
How do I start a logistics broker?
How to start a freight brokerageStart with proper training. ...Register your broker company. ...Apply for broker authority. ...Select a process agent for your brokerage. ...Acquire a surety bond. ...Purchase contingent cargo and general liability insurance. ...Check your state's corporate and tax regulations. ...Develop a business plan.
Is becoming a freight broker worth it?
Being a freight broker can be very lucrative. After completing the freight broker training and entering the industry, a competent freight broker can earn commissions ranging from 6 to 7 figures per deal! Some brokers even go all the way to 8 figures!
What does a logistics broker do?
They Connect Shippers and Carriers Brokers act as an intermediary between shippers and carriers. They use their connections with carriers to help shippers get their loads covered at better prices that most shippers have the power to negotiate.