How to Become a Freight Broker in Wyoming
You must be reliable, flexible and consistent in order to build a successful career as a freight broker. You will be responsible for finding carriers who are responsible and capable of transporting loads with ease. This will require research and thorough communication, as shipping companies will depend on you to connect them with the best carriers you can find. You will also need to speak with shippers and carriers while items are being transported to their destinations, communicating expectations, updates and important specifications. Freight agents may also work in partnership with you as independent contractors who assist in the customer service functions of the business.
Requirements for Becoming a Freight Broker in Wyoming
In Wyoming, like all other U.S. states, there are no regulations in place for freight brokers. National regulations, however, enforce the requirement of a high school diploma or GED, along with a government-issued Broker Authority license to work as a professional in this industry.
While it is recommended that you undergo some type of post-secondary training before entering the field, you are not required to do so. Some programs exist for the sole purpose of training new and experienced freight brokers, but there are other options for advancement. These options include earning certification, completing an internship or apprenticeship program or finding a professional who is willing to mentor you before you decide to work independently.
Wyoming Schools for Freight Brokers
If you’re interested in learning as much as you can about the trade, a freight brokerage training program may be the perfect place for you. Consider the options below:
- Freight Broker Boot Camp is based entirely online and invites students to learn how to become freight brokers with just 30 days of study. With a payment of $98, students will receive six months of full online access to workflow diagrams, financial strategies, training articles, negotiating methods and much more.
- Brooke Training offers ree tuition to all qualifying veterans. Each student who completes the program will also receive assistance with job placement. Areas of study include both basic and advanced brokerage techniques.
- Freight Movers School offers both online and in-person courses, which take place in select states across the country. Advanced freight brokers can complete the course on improving sales, while those who are new to the trade will benefit from the course on brokerage basics.
Certifications for Becoming a Freight Broker in Wyoming
Once you have earned your high school diploma or GED, you will need to meet the requirements set by the U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) in order to obtain your Broker Authority license (also referred to as a Motor Carrier Operating Authority license).
According to these requirements, you must first register your company as a business. After doing so, you’ll need to obtain a U.S. Department of Transportation number. Next, you will submit this number, an application and $300 application fee to the FMCSA. Within four to six weeks, you will know if your application has been approved.
After receiving approval, national law requires you to carry a $75,000 surety bond at all times as a licensed freight broker.
Those who want to earn credentials in this industry may be interested in sitting for the Certified Transportation Brokers exam. This exam is offered exclusively through the Transportation Intermediaries Association.
Career Outlook and Salary Expectations
According to data released by the Bureau of Labor Statistics (BLS) during 2017, freight brokers working in Wyoming earned an average of $20.97 per hour, which is equivalent to $43,620 per year. The top 10 percent of freight brokers in this state earned more than $67,800 per year.
Figures provided by the BLS also state that there were 50 freight brokers working in the state of Wyoming during 2016, and by 2026 this number is expected to rise to 60, adding just 10 more workers to the field over this 10-year period.
Working as a Freight Broker in Wyoming
Cities with dense populations are the best places for freight brokers to work, due to their large amounts of freight distribution. In Wyoming, these cities include Cheyenne and Casper.
Employment will be available at existing brokerage companies. If you’re new to the industry, this will be a great start. Beginning your own brokerage company will be a smooth transition once you have developed your skillset and expertise within the trade. Since the job market for this career field will continue to expand, getting started today will allow you to cultivate a distinct and valuable presence within the industry, as long as you remain dedicated to achieving success as a freight broker.