Get Freight Broker Training in Louisiana
Freight brokers work with shippers to find carriers to haul freight. They broker deals with the companies responsible for shipping freight and communicate with carriers so they know where the shippers are with the goods. Simply put, freight brokers are accountable for finding reliable carriers to transport loads and communicate with both the carriers and shippers to ensure the load is picked up and delivered as it should be. Freight brokers might operate their own business or work for a brokering company.
Louisiana is the 25th most populous out of the fifty states and is a great place to live and work. Also, more than 120 million tons of freight are moved through the state annually, so it’s an ideal place to consider a career as a freight broker. Keep reading to learn all you need to know about becoming a freight broker in Louisiana.
Requirements for Becoming a Freight Broker in Louisiana
There are no statewide requirements for becoming a freight broker in Louisiana; however, there are national guidelines you should follow. The only educational requirement is to have a high school diploma or equivalent. You do need to apply for an MC Authority (Broker Authority) license that can be obtained through the Federal Motor Carrier Safety Authority (FMCSA).
To apply for a license, you must register your business name with the Department of Transport (DOT), and you will receive a USDOT number. Then you will need to apply to the FMCSA for an MC Authority license. This step costs $300. You will also need to show proof of insurance for your business by obtaining a $75,000 surety bond. Additionally, you will need general liability and cargo insurance and to designate freight agents in the states in which you will be brokering. Once you have completed all the steps and they are approved, you should get your license in four to six weeks.
Louisiana Freight Broker Training Programs
There are several ways you can complete freight broker training. At Freight Movers School, LLC, you can take online classes to become a freight broker. The freight broker program consists of seven lessons and a final exam, all of which can be taken online. Load Training also offers home study and in-person courses at several locations for both brokers and agents.
The most popular freight broker training programs are those offered by the partnership of Brooke Transportation Training Solutions and ed2go. These programs are offered at many community colleges, technical colleges and universities throughout the United States. These courses are written by freight brokerage specialists and cover transportation law, insurance, contracts, and how to set up and run your own brokering business. These programs consist of 180 course hours that can be completed in six months.
In Louisiana, the following schools offer Brooke Transportation/ed2go freight brokering courses: Baton Rouge Community College, Delgado Community College, Fletcher Technical Community College, LSU at Alexandria, LSU at Eunice, McNeese State University, Northshore Technical Community College and SOWELA Technical Community College.
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Certification is not mandatory, but it could help you with job prospects in the future as well as demonstrate your competence. The Transportation Intermediaries Association (TIA) offers the Certified Transportation Broker (CTB) exam, which is the most recognized certification in the industry.
Projected Income for Louisiana Freight Brokers
According to data supplied by indeed.com, freight brokers in Louisiana make an annual average of $63,462. Additionally, they make an average of $28,400 yearly in commissions. If you decide to start your own freight brokering business, you can expect to earn more. Many freight brokers pull in six-figure salaries.
Best Business Opportunities for Louisiana Freight Brokers
As in most career fields, you will likely have the best luck working in some of the larger metropolitan areas of the state. In Louisiana, these include Baton Rouge, Lafayette and New Orleans. New Orleans is the most populous city in the state as well as the commercial and economic hub of Louisiana and the Gulf Coast. Baton Rouge is the second-largest metro area and a major industrial center in the state. With the number of goods that are moved through the state annually, you shouldn’t have much trouble finding a brokering company to work for or setting up your own business in Louisiana.