Get Freight Broker Training in Kentucky
Are you interested in a career as a freight broker? If so, perhaps you would like to learn what freight brokers do and how to become one.
Freight brokers are the agents who handle shipping agreements between manufacturers and shipping companies. However, the job involves more than just making connections. Freight brokers are also responsible for handling all of the logistics of getting a load from one location to another. This can include such things as ensuring the cargo is loaded in the proper order, handling permits, dealing with customs issues, and making sure all of the pieces come together in the right timeframe.
Kentucky shipped a record $31.8 billion worth of goods in 2018, supporting an estimated 144,000 jobs and accounting for 15.8 percent of the state’s GDP. These numbers show that the state has the ability to support a lucrative transportation industry. For freight brokers, who often own home-based businesses, Kentucky is full of opportunity.
Do Freight Brokers Need State Licensing?
While freight brokers do not have to seek licensing from a state oversight board, they will need to obtain it from the Federal Motor Carrier Safety Administration (FMCSA). Prior to engaging in business, you will need both a USDOT number and a Motor Carrier (MC) number. These can be applied for through the FMCSA simultaneously, by filling out an online application and submitting a $300 fee. Applicants will need to have obtained a high school diploma or GED equivalent, completed training as a freight broker and have a business name and structure of agents. Once submitted, applicants should expect to wait four to eight weeks for approval.
What Training Should Freight Brokers Have in Kentucky?
Training can be acquired through on-the-job training or through a reputable training program. Seeking a training program will help to ensure you have in-depth insight into the business prior to working in the field. Some things to look for in a training curriculum include:
- An overview of business practices including accounting, marketing, contracting and human resources
- Training in the laws and regulations of interstate travel including regulatory compliance, shipping contracts, insurance and liability
- Education on what types of vehicles are used for shipping, how each one works and what types of goods need special accommodations
The following is a list of locations where this training can be acquired in Kentucky:
- Western Kentucky University
- Volunteer State Community College
- Austin Peay State University
- Bluegrass Community and Technical College
- Eastern Kentucky University
- Somerset Community College
- Bellermine University
- Ivy Tech Community College
- Vincennes University Jasper Campus
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Many freight brokers choose to amplify their qualifications by seeking additional certifications. The Transportation Intermediaries Association (TIA) offers a Certified Transportation Broker (CTB) designation, which can be earned by passing an exam. Furthermore, those wishing to join the TIA will have access to networking and resources to help grow a successful business.
What Salary Should Freight Brokers in Kentucky Expect?
According to data collected by the Bureau of Labor Statistics (BLS) for 2018, the average annual salary for freight brokers in Kentucky was $42,390, with the top ten percent of the field earning $58,630 that year. Since these number reflect salaries only, it is important to note that actual earnings with commissions could be notably higher than reported. Business ownership could further increase earning potential, especially if multiple brokers are employed.
Freight Brokers in Kentucky
Kentucky is listed by the BLS as one of the states with the largest concentration of jobs in the field, especially in the areas of Lexington/Fayette and on the Ohio border near Cincinnati. In general, metropolitan areas will give more access to manufacturing resources and allow more opportunities for you to grow your business. However, it is important to assess the area for potential clients before deciding where to get started. As a general rule, if there are manufacturers, there will be a need for freight agents to assist with shipping.
You can also find freight broker training in Illinois, Indiana, Missouri, Ohio, Tennessee, Virginia, and West Virginia.