Do freight brokers make a lot of money?
Freight brokers make their money in the margin between the amount they charge each shipper (their customer) and what they pay the carrier (the truck driver) for every shipment. Although it varies from one transaction to the next, healthy freight brokers typically claim a net margin of 3-8 percent on each load.
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!
Can a freight broker make millions?
Despite the continually increasing competition in the market, there is still the opportunity to make good money, including generating over $1 million per year. Operating a freight brokerage that generates seven-figures per year requires an infrastructure designed to support its sustainability and potential for scale.
Is freight brokering hard?
Taking freight broker training won't prepare you for the auto transport industry just as taking auto transport broker training definitely won't prepare you for the general freight industry. As far as difficulty goes, being a freight broker is hard work.