Freight broker education should begin with the basics, including the terminology used in the industry and the role of the freight broker.
Brokerage training programs should include broker laws and requirements of the Federal Motor Carriers Safety Administration (FMCSA), part of the U.S. Department of Transportation; software for the truck broker; setting up a truck broker business; getting a broker's "license," which is known in the industry as a Broker's Authority.
Freight Brokerage education in working with shippers should include prospecting for shippers, determining competitive rates, negotiating with shippers, building the load, and shipper paperwork and contracts.
Freight broker training courses deal with the step-by-step procedure necessary to move loads. Training in working with carriers should include finding and contacting the carrier; negotiating with the carrier, dispatching the load; tracking the carrier, and carrier paperwork and contracts.
A course in freight broker training should include subjects dealing with the daily operations of a brokerage business. Covered topics regarding running a freight brokerage business should include factoring; freight bill audits; collections, accounts payables and account receivables; insurance claims and claims management; broker resources; broker's computer software; and the marketing of a truck brokerage business.