Get Freight Broker Training in Ohio
The job of the freight broker is to match shippers’ loads with suitable motor carriers. This is a highly profitable enterprise and makes an excellent home business. On this page, we provide all you need to know about freight broker training programs in Ohio and getting started.
Within the United States, Ohio ranks third in the value of goods shipped by truck, and its trucking industry is the third largest in the nation. Ohio has a concentration of high-value manufacturing. A large proportion of these goods are moved to other states by truck. Ohio has the seventh largest road system.
How to Get a Freight Broker License in Ohio
Licenses for freight brokers are issued at a federal level and are not subject to additional regulation by the state of Ohio. In order to obtain your license, you must first register your business with the U.S. Department of Transport. The department will issue you with a U.S. DOT number. You can then apply to the Federal Motor Carrier Safety Administration (FMCSA) for a freight broker license. This takes four to six weeks and there is an application fee of $300. Additionally, your business will have to demonstrate that it has a $75,000 surety bond and appropriate insurances. These are Cargo insurance and General Liability insurance. You will also be required to designate a freight agent in each state where you intend to operate.
There are no educational requirements to becoming a freight broker or obtaining a license but, given the competitive nature of such a profitable business, appropriate training will place you in a great position to take advantage of the opportunity.
Freight agents are not required to hold a license. Agents work under the license of a freight broker.
Freight Broker Programs – Course Content
What will I learn on a freight broker training program?
The best freight broker training programs will give you an in-depth understanding of the logistics industry and the roles of its principle actors. These include shippers, freight brokers, freight agents, freight forwarders, warehouse operators, and motor carriers, which range from national or international full-service logistics companies to single-truck owner operators.
You will learn about the legal framework for the transportation industry, including the key components of a shipping contract.
You will be taught in the practical aspects of freight brokering, such as how to find loads that need shipped, how to build a database of trucking companies, how to identify the appropriate vehicle a specific load, and how to negotiate a rate for a shipping contract. You also learn about how to handle difficulties such as late or short deliveries or damaged goods.
You will learn about day-to-day operations including accounting, financial control and record-keeping. As this business is highly competitive, you will also learn how to sell your services, how to advertise and phone and email skills.
Where to find Freight Broker Training Programs in Ohio
Online learning specialist ed2go has teamed up Brooke Transportation Training to offer a six-month training program through over 2,000 well-known colleges across the U.S. including many near you in Ohio. In Columbus, these include Columbus City Schools and Columbus State Community College. It is also available at Knox Technical Center in Mount Vernon, Southern State Community College in Wilmington, North Central State College in Mansfield and many others. To find a college near you, enter your zip code in the box below:
Shippers will also value if, beyond basic training you have an industry certification. Training and certification as a https://www.tianet.org/course-ctb/ with the Transportation Intermediaries Association costs $1,050 for TIA members and $1,325 for non-members.
How Much do Freight Brokers earn in Ohio?
Freight brokers who are employees have two-part earnings: a base salary and commission payments.
According to the Bureau of Labor Statistics in 2018, cargo and freight agents in the business of freight transportation arrangement earned on average an annual salary of $47,910 nationally.
According to Indeed.com, as of February 2020 freight brokers were earning an average of $64,443 per year as a base salary and could expect to add $28,400 to this number in commissions.
Those who choose to run their own freight brokerage, with good training and experience can expect to earn significantly more.