Get Freight Broker Training in Maine
Freight brokers work to connect shippers with transportation companies and manage all aspects of the shipment. This career choice not only has the potential to be fairly lucrative, but also offers opportunity for those wishing to run an at-home business. Running a freight brokerage will require a certain level of expertise in the field, as brokers carry a huge responsibility for their shipments. This can include securing permits, dealing with customs, scheduling delivery and even ensuring goods are loaded in the proper order. Keep reading to find out how you can gain the necessary skills and begin working in this growing field.
Is State Licensing Needed for Freight Brokers in Maine?
Licensing for freight brokers is overseen by the Federal Motor Carrier Safety Administration (FMCSA), meaning state licensing and oversight is unnecessary. In order to operate as a freight broker you will need to obtain both a USDOT number and a Motor Carrier (MC) number through the FMCSA. New brokers will apply for both numbers simultaneously for a $300 fee. Applicants must possess a high school diploma or equivalent, have a business name and structure of agents, and be able to pass a background check. Processing takes four to eight weeks to complete.
What Training is Available for Freight Brokers in Maine?
While training can be acquired on the job, it’s advisable to find a reputable training program to gain in-depth knowledge of the profession. When searching for training, it is important to find a program with a curriculum that covers all important aspects of working in the field. A few things to look for include:
- Training on the basics of business ownership including management of human resources, accounting practices and marketing techniques
- In-depth teaching on the basic types of vehicles for transport, which are needed for specific types of loads and how to choose appropriately
- Laws and regulations for the transportation of goods and how to ensure your business stays in compliance with them at all times
- How to obtain the appropriate insurance coverage and how much is needed for your business
One program, offered in partnership with local educational institutions, is Ed2go. The program promises to prepare students for business success and offers networking opportunities for graduates. Ed2go’s training is available to those in Maine at the following locations:
- UMA Brunswick Center
- Central Maine Community College
- Windham Raymond Adult Education
Just insert your zip code to find freight broker/agent training near you.
For those wishing to accelerate their career opportunities, it might be advisable to seek additional certifications. Certifications can help project an extra level of professionalism and knowledge to potential clients and customers. For freight brokers, certification is offered through the Transportation Intermediaries Association (TIA). Their Certified Transportation Broker (CTB) designation is earned by passing an examination, the cost of which is currently $375 for members or $525 for non-members. Aside from discounted exam fees, membership offers the ability to network with peers, download sample contracts, view business frameworks and participate in a watchdog program.
What are the Salary Expectations for Freight Brokers in Maine?
According to the Bureau of Labor Statistics (BLS), freight brokers in Maine reported an average annual wage of $49,190 in 2018, somewhat above the national average. Those in the top 10 percent of wage earners in the state reported earnings up to $68,400, with southwestern Maine listed as one of the top paying areas in the country for freight brokers. It’s important to note that reported earnings reflect only salaries and not commissions, which could represent a considerable boost to these numbers.
What is the Outlook for Freight Brokers in Maine?
Considering that Maine ranked 45th for exported goods nationally in 2018, the state still exported $2.8 billion worth of goods to locations all over the world. In fact, in 2016, the export industry in the state supported an estimated 18,000 jobs, with 1,841 companies producing exports.
Generally speaking, freight brokers will have more potential for business growth in larger metropolitan areas. This is due to the larger number of manufacturers in need of services to assist with exporting their goods. When choosing to start a business, however, it will be best to assess the needs of potential clients in the area where you plan to work.