I receive a lot of emails from people that want to become freight brokers or freight agents and recently I was asked why I believe now is such a great time to get into the freight industry….so let me explain.
The freight industry is driven by supply and demand just like virtually any product or service out there. The more demand, the higher the value/price and with less demand the value/price goes down. This is the primary reason why I believe the next 3-5 years will present one of the great opportunities to become a freight broker or freight agent.
There are three primary reasons why demand is up today and the value that freight brokers can provide will only increase in years to come.
1) Government intervention and legislation that makes it more costly and difficult for small trucking companies to compete has and will likely continue to push small under capitalized carriers out of the industry. To learn more go to CSA 2010 or view the google.com search results for “how csa 2010 will affect brokers”
2) The price of diesel fuel continues to rise and I dont know about you but I highly doubt the oil companies are going to let it go down anytime soon…if ever! Like any change their are ripple affects and the increase in diesel can not only put small carriers out of business due to cash flow but it frequently causes carriers to park trucks…only increasing the capacity shortage. To learn more about diesel fuel prices go to Dept of Energy
3) The trucking industry will be heavily affected by retiring Baby boomers. Statistics show there is already a shortage of 100,000 to 200,000 drivers depending upon who you ask and with more baby boomers retiring everyday the shortfall between new drivers and retiring drivers will continue to grow. The trucking industry is struggling to recruit young drivers, so most experts expect the driver shortfall to significantly increase between now and 2015.
In conclusion, the shortage of drivers has and will continue to create a capacity crunch and with tighter capacity comes increases in freight rates and more importantly to freight brokers, an increase in shippers relying on brokers to move their freight.
So as they say, “Timing is everything”, leading indicators show that the demand for freight brokers is only going to grow, so get on board my friends or let the opportunity pass you bye.
Click the link to learn more about “How To Become A Freight Broker or Freight Agent In 30 Days or Less”
P.S. I look forward to hearing your take on the growing drivers shortage.
Regards,
Dennis Brown
Affordable Online Freight Broker Training
Love what you are doing with the blog man!
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Thank you! The response to the new freight broker training blog has been incredible.
I can’t bleieve you’re not playing with me–that was so helpful.
It’s really great that people are sharing this infomatoin.
Any time Jase….let me know what you think about our freight broker training posts
Great post with lots of importnat stuff.
I just couldn’t depart your web site before suggesting that I really enjoyed the standard information a person provide for your visitors? Is gonna be back often to check up on new posts
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Thank you, the feedback on our new freight broker training blog has been great! Stay tuned…
THX that’s a great answer!
Hats off to whoever wrote this up and posted it.
Hi Dennis,
I really like this blog, there’re very useful information in there….Love it:-)
By the way Dennis, Could you tell me what does it take in turms of bound fees or certificates to be able to run a freight borker business?
Thanks in advance and for all…
In order to be a freight broker you first need to get a bond or trust equivalent to $10,000 or more and then you need to submit an application to FMCSA to get licensed.
If you are considering becoming a freight agent all you need to do is find an established freight brokerage that is both bonded and licensed that will allow you
to operate as an independent agent.
As for cash requirements that is a moving target and is based upon your business plan and how successful you are.
My online freight broker training program covers all of this so take a quick look if you haven’t already and remember, I offer a 60 day,
100% money back guarantee if you are unable for any reason! http://www.freightbrokerbootcamp.com
what freight broker software would you recommand a new broker to use to run his business? and what could be the approximate cost?
Thanks
These days there are tons of different freight broker software programs out there. Recently I have heard good things about http://www.loadpilot.com and http://its-dispatch.com. They appear to be be pretty solid and affordable
although I have never used either as we developed our own transportation management software.
Thank you for sharing your knowledge of the industry. I am new to the industry with a little background in international shipping. How effective is your training program, of all the ones that I saw this one seems more straight forward and much cheaper than the rest. What is the catch? I need help getting starting but I have no idea where to start in marking and finding new accounts.
No catch at all Sam…the reason why I am able to offer the training for only $98 is simple:
#1 I make my living running a very successful freight brokerage http://www.logisticdynamics.com – Unlike many of the training gurus?
#2 I have built an online system that does all the training which frees up my time and doesn’t require me to travel around the country
putting on training seminars. Some say time is money but I think time is more valuable than money because while you can always
make more money you can never get back time!
My freight broker training is very thorough from A-Z and if you aren’t happy for
whatever reason we offer a 60 day, 100% money back guarantee!
Does this answer your question Sam?
Thank you Dennis, I am in the process of signing up, I am looking forward to learning more about the industry and starting my business in the right direction.
Hello, Dennis,
In order to become a freight broker, or agent, do I need my own truck? I work full time, is this possible to do at part-time? And, my daughter owns a truck in antoher state, could I send her trucks out? Yes, I agree, your training is cheaper. Does it cover details to how to become a frieght broker?
Thank you,
Rene
Hi Rene,
The answer to your questions are below…
1) As a freight broker you do not need to own a truck, the job of a freight broker is to arrange for transport good between a shipper and a trucking company.
Shipper pays you $1,000 you pay carrier $850 and earn $150 in profit…simple as that!
2) Yes there are many brokers and agents that work part time. As a business owner you work your own hours and like anything get what you put into it.
3) As for your daughters truck, yes as long as she had the proper carrier authority and insurance there should not be an issue using her to move your customers freight
4) Last but not least, Yes http://www.freightbrokerbootcamp.com was specifically designed to help new people to the industry learn how to become a freight broker or freight agent
If you have any other questions let me know and I look forward to seeing your subscription….thanks.
Regards,
Dennis Brown
Owner, http://www.Freightbrokerbootcamp.com
Dennis, love the blog. I also very much liked the LDI site. I would highly consider becoming an agent for LDI rather than starting my own brokerage, however I do not meet their minimum requirements for annual revenue or customer base.
Will these requirements be waived if enrolled into the boot camp?
Best regards,
RC
Hi Ron…FreightBrokerBootcamp.com is a completely separate business from my logistics company LDi.
Yes I am involved in both but at LDi we require at least 2 years of experience and a customer following to be considered as a new agent.
The good news is there are over 15,000 licensed freight brokers in the US, most of which are relatively
small and given the opportunity many would be willing to take on a straight commission agent for 50% commission.
I recommend searching locally in your area and then working your way outward to try to find logistics company
that is interested in increasing their sales and profit on a performance basis!
Does the timimg to enter the business applies to your country only, or is generic?. I live in a small country of about only 2million people (Botswana in Southeren Africa) and i am wondering how aplicable is your training programm to us in the less developed nations with small markets.
Honestly I can’t represent the market in Botswana but in my experience with other countries including Europe the concept of brokering is the same with
minor nuances, so freight broker training could be very beneficial.
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Dear DennisBrown,
Thank you very much!!
I am really liked your posts about fright broker or agent. I also subscribed for freightbrokerbootcamp and read the details. But I really dont understand how should I start to become a agent or broker.
I am basically Indian origin and working in Dubai(UAE) for the past 13 years in Trading companies and handling their shipping and logistics operations.
Is it possible for me to start it in UAE or India and what is the first thing I have to do become a agent or broker.
I would aprreciate if you can send me guideline to my personal mail rpsamy76@yahoo.com. it will great honour to receive your guidelines.
Thank you very much!!
Best Regards
Periyasamy R
Thank you for subscribing to I hope you enjoy the online freight broker and freight agent training program.
The online training discusses in detail how to get started as a broker or agent but I will try to summarize here for you.
To get started as a broker you review the following blog link
To get started as an agent complete the training and then find a freight broker that will allow you to work under them on straight commissions. You
will typically be operating as an independent contractor so in most cases freight agents work from home. Once you get setup with a broker you will need
to setup your home office so check out this link . After you setup your office you will need to get to work finding customers and carriers to help you move your first load.
Hope this helps. Refer to training materials as well as my blog for common questions
Regards,
Dennis Brown
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