How to Become a Freight Broker in Vermont
When freight needs to make its way from point A to point B, freight brokers often play a huge role in making this happen. Shipping companies will typically have a need for carriers to deliver different types of loads, and freight brokers will do the necessary research to connect these shipping companies with carriers who are qualified and trustworthy. Since they act as middlemen, freight brokers will also be expected to communicate with both parties throughout the shipping process in order to ensure that each load makes its way to its intended destination in a safe and timely manner.
Freight agents do not need to be licensed like freight brokers. They will usually work for brokers as independent contractors, assisting with the day-to-day functions of the business.
Requirements for Becoming a Freight Broker in Vermont
Although there are no state laws in place to hold freight brokers to certain standards, there are national laws requiring all freight brokers to earn a high school diploma or GED and obtain a Broker Authority license (also referred to as a Motor Carrier Operating Authority license) issued by the United States government.
You won’t need to complete any training programs or earn any certifications to practice; however, these options are available and wouldn’t hurt if you’re interested in going the extra mile. On the contrary, deciding to leverage tools such as these, completing an apprenticeship program or finding an experienced professional to act as your mentor, are all great ways to boost your credentials and expand your network of connections within the trade.
Vermont Schools for Freight Brokers
The training programs below are designed for both new and experienced freight brokers. Consider if one of them would be suitable for your advancement goals:
- Freight Broker Boot Camp allows students six months of full online access to workflow diagrams, financial strategies, negotiating methods, training articles and much more for a total payment of $98. With this program, students can acquire the skills to become a freight broker within just 30 days.
- Brooke Training grants ach student assistance with job placement after course completion. Qualified veterans are also allowed to take courses for free. The program offers courses both in-person and online.
- Freight Movers School has courses for new students to learn brokerage basics, as well as advanced courses for experienced freight brokers to learn how to improve sales. In-person courses take place in Texas and Georgia. Online courses are also available.
Certifications for Becoming a Freight Broker in Vermont
According to the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA), all freight brokers must register their company as a business. The next step is to obtain a U.S. Department of Transportation number. You will then need to submit this number, an application and $300 application fee to the FMCSA. Approval time takes between four and six weeks.
It s important to note that all freight brokers must carry a $75,000 surety bond at all times.
You can become a Certified Transportation Broker by successfully completing the exam administered by the Transportation Intermediaries Association. You will not need this certification in order to practice, but it may be of interest to those who want to earn credentials in this business.
Career Outlook and Salary Expectations
Freight brokers in Vermont earned about $18.20 per hour on average, which is equivalent to an annual income of $37,850, according to Bureau of Labor Statistics data from 2017. During the same year, the top 10 percent of freight brokers in this state earned an annual income of $49,480.
BLS figures indicate that during 2016, there were 60 freight brokers employed in this state. By 2026, this number is expected rise to 70, adding 10 more brokers to the field during this 10-year period.
Working as a Freight Broker in Vermont
In any state, freight brokers will earn the most working in cities that are densely populated. This is because there will likely be a large amount of transport making its way to and from these cities. In Vermont, freight brokers will earn the highest compensation in Burlington, as it is the most densely populated city in the state by far.
Working as a freight broker will require patience, resilience and excellent communication skills. The need for these qualities will be heightened if you choose to start your own brokerage company; however, they will be necessary even if you decide to work for an existing brokerage. If your own research has led you to believe that this career will be a perfect fit for you, consider starting your journey as a freight broker today.