Freight Broker Schools in Arkansas, and near you
With online shopping booming, the need for freight brokers has never been higher. For those wanting to get started in this exciting career in Arkansas, freight broker training is for you. According to American Trucking Trends 2018 report, Arkansas has the highest percentage of private sector employees who work in the transportation industry – over 30,000. This means plenty of trucks looking for loads.
According to Shannon Newton, president of the Arkansas Trucking Association, “Trucking not only delivers necessities like food, clothing, medication and gas to Arkansas communities, this industry delivers jobs from the Delta to the Ozarks and everywhere in between.”
Becoming a freight broker involves getting prepared to match shippers with carriers for the delivery of goods. Freight broker agent training programs prepare students for this business with courses on legal, accounting, sales, marketing and administrative aspects of freight brokering and agent operations.
How long does it take and what does it cost?
Applying for a freight broker license takes four to six weeks and costs $300. The freight broker license is issued by FMCSA, the Federal Motor Carrier Safety Administration, part of the United States Department of Transportation. Other than possessing a high school diploma or equivalent, holding a $75,000 surety bond and having insurance cover for cargo and general liability, there are no other requirements. The state of Arkansas adds no special regulations. For more information on how to become a freight broker, see this page.
If you have little or no previous experience of the freight brokering business, we recommend you enrol on a freight broker training program. This will give you the necessary skills and industry knowledge to run your own freight brokerage or work as a licensed freight broker/agent.
What is the best freight broker school in Arkansas?
Search below to find first class freight broker courses in Arkansas. Type in your zip code to find quality programs near you, at local community and technical colleges, or online. You’ll find options that are flexible for all types of student.
You can also consider Taltoa freight broker training. Reviews of this course in Fort Smith, Arkansa, point to its 20 years of experience and the free consulting offered to graduates up to one year after the end of training.
The University of Central Arkansas offers a popular online freight broker/agent course in conjunction with Brooke Transportation Training Solutions.
How much does a freight broker/agent training program cost? As always, you get what you pay for. There are online video courses for a few hundred dollars, but if you want to become a freight broker with a head start, be prepared to spend up to, say, $2,000, for a six-month instructor led program from a top school.
How do freight brokers get paid?
What does a freight broker do? A freight broker finds clients, who are shippers with loads that require delivery. Once they have a load for delivery, they search online boards for carriers – trucking companies or owner operators – with the capacity, the appropriate vehicle and the route to make the delivery. The agree the shipping contract between the parties, including the shipping rate per mile and the delivery dates. In doing so, they get paid a commission, which is a percentage of the shipping contract.
A freight agent may perform a lot of the work and take a share of the commission. They may have contacts with the shippers, find the trucks, manage the delivery and resolve claims. The difference between a freight broker and a freight agent is that the freight agent does not require a license or insurance. Freight broker agents also exist, providing a complete logistics service.
How much does a freight broker make in Arkansas?
According to the U.S. Bureau of Labor Statistics, freight brokers and agents earned between $30,580 and $85,690 per year in 2018, with an average of $53,310 per year. As in any profession, the lowest earners will be new entrants to the industry with little experience or training. College graduates will earn more, as will broker/agents with more training and experience. If you have the ambition to run your own freight brokerage, the rewards will be significantly higher with many brokers making six-figure earnings.