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Freight Broker/Agent Training

This freight broker course provides you with the comprehensive skills needed to build a successful freight brokerage or begin working for a broker. Learn the foundational aspects of brokering shipments—from laws and terminology to valuable tools and software. You will also learn how to set up your freight brokerage business and manage contracts and forms, as well as how to find shippers and do ratings.

Freight Broker/Agent Training
$2,939.00 (CAD)

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Overview

Objective

Outline

Freight Broker/Agent Training

The Basics of Freight Brokering

  • Freight Brokering
  • Getting Started as an Agent
  • Getting Started as a Broker
  • History of the Brokerage Industry
  • Our Customers' Needs

Setting Up Your Business

  • Choosing Your Business Type
  • Creating a Corporate Identity
  • Your Cash Flow and Business Bank Account
  • Transportation Regulations and Broker Requirements in Canada and the United States

Setting Goals for Your Business

  • The Importance of Goal Setting
  • Deciding Where to Focus
  • Your Mission and Vision Statements

Setting Up Your Shipper and Carrier Packets

  • The Basics of a Shipper Packet
  • Creating Your Shipper Packet
  • Agreements Between You and the Shipper
  • Other Components of the Shipper Packet
  • The Basics of the Carrier Packet
  • Organizing and Prioritizing

Operations and Using Operations Software

  • Choosing Software for Your Business
  • How to Dispatch, Track, and Trace Loads
  • Everyday Problems with Carriers
  • Everyday Problems with Shippers
  • Bills of Lading and Bid Packaging

Types of Freight and Exploring Niche Markets

  • Types of Freight Shipments
  • Exploring Niche Markets
  • Learning More About Niche Markets

Transportation Law

  • Federal Regulations for Freight Brokers
  • Compliance and Safety Regulations
  • Hours-of-Service Regulations

Broker-Carrier Contracts

  • The Basics of Your Broker-Carrier Contract
  • Communication and Rates
  • Liabilities and Your Contract
  • Back-Solicitation, Co-Brokering, and Double Brokering
  • The Contract Process

Midterm Exam

Broker-Shipper Contracts

  • The Basics of Broker-Shipper Agreements
  • Counteroffers, Fee Lists, and Model Contracts

Insurance for Carriers and Brokers

  • Insurance and Your Master Contract
  • Your Due Diligence
  • Contingency Cargo Insurance and Other Policies
  • Filing Cargo Insurance Claims
  • Freight Claim Procedures

Recordkeeping, Accounting, and Financial Management

  • Your Filing System
  • Determining Your Customer Credit
  • Setting Up Invoices
  • Types of Payees
  • Collections

Determining Your Rate Quotes

  • The Basics of Rate Quotes
  • Negotiating Rates with Shippers
  • Types of Quotes and Fees
  • Using Load Posting Software and Finding Carriers
  • Negotiating with Carriers and Shippers
  • Customers, Competitors, and Back Selling

Carrier Relations and Solutions for Success

  • Researching Carriers
  • Creating a Carrier Database
  • Building Carrier Company Profiles and Comparing Carriers
  • Common Equipment Challenges
  • Working with Carriers

Sales and Profitability

  • Finding and Keeping Potential Clients
  • What Should Your Profit Margin Be?
  • Gathering Information on Shippers

Advanced Marketing

  • Advertising and Marketing
  • Marketing in Business Media
  • Building Your Business Website
  • Social Media
  • Evaluating Your Competitors' Marketing

Develop Your Negotiation Skills

  • The Art of Negotiation
  • Finding "Win-Win" Compromises
  • Making Your First Sales Calls
  • Five Steps for Qualifying Potential Customers

Final Exam

Requirements

Prerequisites

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