Can you get rich being a freight broker?
Bottom line, becoming a freight broker or freight agent can be very lucrative but like I said at the beginning, this is not a get rich scheme but with the proper training, a good plan and hard work there is a wealth of opportunity available.
How much does a beginner freight broker make?
Entry Level Freight Broker Salary
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $40,000 | $769 |
| 75th Percentile | $37,500 | $721 |
| Average | $34,691 | $667 |
| 25th Percentile | $33,000 | $634 |
Can you make 6 figures as a freight broker?
Currently, the average reported salaries for brokering freight (taken from the top salary websites) comes to around $56,000/year. However, someone who hustles can easily break six figures.
Is freight broker a hard job?
Still, brokering freight is a tough, competitive job, so let’s look at its pros and cons and you can decide for yourself if it’s right for you. While it may not be the biggest motivator in a job, money is certainly something on the mind of someone switching jobs.
How much do freight brokers make a week?
How Much Do Freight Broker Jobs Pay per Month?
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $62,000 | $1,192 |
| 75th Percentile | $50,000 | $961 |
| Average | $44,792 | $861 |
| 25th Percentile | $35,500 | $682 |
What’s the average salary of a freight broker?
For this reason, salaries can range from near-nothing to $185,000 or more. Here’s what the top three salary sites have to say: PayScale: Median salary of $41,571. On the low-end, brokers earn $30,177. On the high end, they earn around $73,500.
What’s the growth of the freight broker industry?
The career outlook for freight brokers is bright. The U.S. Bureau of Labor Statistics reported in 2010 that the freight broker industry will grow by 29% by the end of the decade. That’s faster than the 14% growth expected for other jobs. What’s the Average Freight Broker Salary?
Is it safe to work as a freight broker?
The base salary is a “safe” way to work with a guaranteed paycheck for those that might be afraid of underproducing. This broker has the highest failure rate but can have the highest success in the long run if they have the assets to invest initially and can scale their business over the long-term.
Do you need a surety bond to be a freight broker?
Brokers are required to have a surety bond worth at least $10,000. Before bond companies can issue a surety bond, thorough background and credit checks will be required. The bond does not need to be paid upfront – you’ll only need to pay a percentage of it. However, your premium will be dependent on your credit score.
