How to Become a Freight Broker in New Hampshire
When it comes to transporting goods from one place to another, freight brokers are often needed to help get the job done. When an item needs to be packaged, it typically goes to a shipping company. Carriers are needed to deliver these items to their intended destinations. This is where freight brokers come in. They are responsible for finding carriers who are responsible and timely, since shipping companies often don’t have the time to find qualified carriers. Important details like delivery routes and expected arrival times also need to be communicated to both parties, requiring freight brokers to have excellent communication skills. Freight agents will also work in partnership with brokers to help communicate necessary information between both parties and handle other business functions.
Requirements for Becoming a Freight Broker in New Hampshire
If you want to become a freight broker, you need to stay up-to-date on national and statewide regulations that govern this career field. While state regulations do not currently exist in governance of freight brokerage, national law does require all freight brokers to first earn a high school diploma or GED. You must also obtain a Broker Authority license issued by the U.S. government before being able to practice this trade.
There are various ways to improve your skillset when it comes to freight brokerage. Some of the most popular options include completing a post-secondary training program, finding an internship or apprenticeship, or being mentored by an experienced professional. You may also choose to earn certification, though none of these options are absolutely necessary to find employment.
New Hampshire Schools for Freight Brokers
If you’re interested in enrolling in a training program for freight brokers, consider if one of the options below may be right for you:
- Freight Broker Boot Camp allows students to receive six months of full online access to workflow diagrams, financial strategies, training articles, negotiating methods and much more, with a payment of $98. This program states that students will acquire the skills to become a freight broker within just 30 days.
- Brooke Training teaches tudents both basic and advanced brokerage techniques. In-person and online courses are available. Qualifying military veterans are allowed to complete courses for free, and all students will receive assistance with job placement upon course completion.
- Freight Movers School also offers courses, which take place both in-person and online. The new and the experienced freight broker will benefit equally from this program. In-person training currently takes place exclusively in Texas and Georgia.
Certifications for Becoming a Freight Broker in New Hampshire
In addition to earning your high school diploma or equivalent, you will need to register your company as a business before applying for your Broker Authority license (commonly referred to as a Motor Carrier Operating Authority license). You will then need to obtain a U.S. Department of Transportation number, which you will submit to the Federal Motor Carrier Safety Administration (FMCSA). You must also submit an application and $300 application fee. Once four to six weeks have passed, you will know whether or not your application has been approved.
All licensed freight brokers must carry a $75,000 surety bond at all times.
If you’d like to earn credentials, you may be interested in sitting for the Certified Transportation Brokers exam, which is administered by the Transportation Intermediaries Association.
Career Outlook and Salary Expectations
Freight brokers employed in New Hampshire earned an average hourly income of $24.67, or $51,310 per year, according to Bureau of Labor Statistics data from 2017. If you wish to be among the highest paid freight brokers in this state, you can expect to earn more than $65,000 per year according to the same data.
There were 190 freight brokers employed in New Hampshire during 2016, and by 2026 this number will likely rise to 210. This indicates a 9.4 percent expansion in the job market for freight brokers in New Hampshire during this 10-year period.
Working as a Freight Broker in New Hampshire
In New Hampshire, the most densely populated cities are Manchester and Nashua. The highest paid freight brokers can be found working in cities like these, as the amount of transport coming to and from these cities will be higher than anywhere else in the state.
Throughout the coming years, as ecommerce increases, the job market for freight brokers will continue to expand. Employment will be available at existing brokerage companies, or you may choose to establish your own freight brokerage. With extensive research, thorough communication skills and meticulousness, you can go far in this industry. Are you ready to dedicate the time and energy necessary to progress as a freight broker? If so, consider getting started today.