What Kind of Training do Freight Brokers Need?
Most of the training that goes into obtaining a freight broker degree covers the standard procedures and practices that ensure a smooth shipment transportation process. Courses typically teach students about different transportation options and the regulations they must follow to comply with state and federal laws.
Another important part of the freight broker training process involves learning about the various documents a broker needs while on the job. During freight broker school, students work with templates of several different forms and spreadsheets to develop the necessary record-keeping skills they’ll need for their freight broker careers.
These documents typically include the following:
- Shipper-Broker Agreements: Contract between the shipping company and the freight broker
- Broker-Carrier Agreements: Contract between the broker and the carrier company
- Load Tender and Confirmation Forms: Lists of shipment details that the carrier can use when planning delivery methods
- Rate Confirmation Documents: States that the carrier agrees to transport the shipper’s products for the negotiated rate
- Invoices and Bills of Landing: Receipts for the pickup and drop off of a shipment
- Certificates of Carrier Insurance: Ensures that the carrier company has the proper types and amounts of insurance coverage to legally transport the shipper’s goods
- Valid Proof of Cargo Insurance: Confirms that each load has at least a $100,000 coverage policy.
- Contract Labor Receipts: A bill requiring the shipper to pay contract laborers who help unload shipments upon delivery.
- Shipper Past-Due Letters: Document informing the shipper of missed or late payments for the freight broker’s services.
Those hoping to run their own freight broker companies may also study marketing and advertising to learn the best methods for drumming up business. International business, communication, and finance courses are beneficial as well. You may even want to take a few legal and accounting classes so you can operate your business independently for a while until you can afford to hire an accountant and lawyer.