How do I become a truck broker?
How to become a freight broker for truckers:Start 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.
Do freight brokers make good 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!
How hard is freight brokering?
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.