Online Freight Broker/Agent Training In Missouri
Are you looking into how to become a freight broker in Missouri?
Tailored specifically for the Missouri market, our comprehensive online freight broker training will teach you the right skills. From fundamental concepts to advanced strategies, in 90 days, you’ll learn how to succeed in this high-demand industry.
Course Overview
Our 90-day Freight Broker Course costs just $890 and delivers everything you need to launch your new business within the transportation industry:
- Setting up your brokerage: Full training on surety bonds, assigning process agents, authority applications, and trust funds.
- Introduction to transportation law: Learn about freight agent insurance, how to vet carriers, and discover shipping niches.
- Operations: Which software to choose and how to set up a home office.
- Accounting: All aspects of financial management within a brokerage
- Dispatching: Learn how to create carrier and shipper packets, dispatch loads, facilitate delivery and pick-ups, and track and trace deliveries.
- Marketing: Successful marketing strategies, high-quality lead generation, and prospecting.
- And much more!
Available in video, audio, and text, our freight broker agent training has a duration of 100 hours. Sample templates for common contracts and documentation are included.
We’re confident you’ll be fully satisfied with this course. But, if you find it’s not for you, then a 100% 30-day refund is available.
How To Become A Freight Broker In Missouri
Before you embark on your successful freight broker career, there are a few requirements that must be met.
To operate within the state of Missouri, you must meet the standard federal licensing and operational guidelines and the Freight Brokerage Companies Act:
Therefore, freight brokers must have:
- A high school diploma or GED.
- A $75,000 surety bond.
- A registered process agent for each state you intend to operate in. This can achieved by completing the BOC-3 form found on the Federal Motor Carrier Safety Administration (FMCSA) website.
- A registered business name and corporate identity.
- An employer identification number (EIN). You can get this by completing the IRS application form.
Although the guidelines do not impose additional state-level qualifications, it’s highly beneficial to complete a training program before setting up your business.
Doing so is essential for understanding how the shipping industry works, its regulations, and its best practices.
How to get a freight broker license in Missouri
A freight broker cannot operate without an FMCSA freight broker license.
To apply, you must:
- Register your freight agent business
- Register with the FMCSA via the Unified Registration System (URS).
- Complete the OP-1 Application for Broker Authority and pay a $300 fee.
- Complete the application for a United States Department of Transportation (USDOT) number.
Does Missouri require a formal exam for licensing?
No, MO does not require a formal exam for freight broker licensing, but taking one will build your credibility within the industry.
The Certified Transportation Brokers (CTB) exam provided by the Transportation Intermediaries Association is recognized nationwide. Completing it demonstrates your advanced understanding of what it takes to be a freight broker.
Career Opportunities for Freight Brokers in Missouri
The freight brokerage industry is very healthy, and the market is set to grow from $19.46 billion in 2025 to $29.06 billion by 2030.
Significant investments in transport infrastructure and the growing need for specialized freight services have fuelled this growth. Additionally, e-commerce is set to grow by over 10% to $2.15 trillion by 2030, and freight solutions must increase to meet this demand.
Freight broker training is, therefore, essential to take advantage of these opportunities and grow a successful brokerage.
Choose your career path as a freight broker
Completing freight broker training opens up two excellent career options.
After obtaining your license, you can set up your own freight broker business or choose to work for an established business. Both bring unique benefits that you must carefully consider to make the right decision.
Setting up your own freight brokerage
Building a successful freight brokerage is an exciting prospect that offers full freedom and autonomy. You get to pick which niche to work in and decide how to grow your business.
However, being an independent broker is a lot of responsibility, and you have to be comfortable managing operations and marketing.
Working for an existing freight brokerage
Getting a job with an established business provides stability and lets you focus on completing brokering deals. Plus, you get to learn from your fellow experienced freight brokers.
While you won’t have as much freedom, this option removes the additional responsibilities of running your own business.
Earning Potential and Salary for Freight Brokers in Missouri
National wage estimates for domestic freight brokering agents:
| Percentile | 10% | 20% | 50% (Median) | 75% | 90% |
|---|---|---|---|---|---|
| Hourly wage | $17.56 | $19.43 | $23.24 | $28.91 | $35.01 |
| Annual wage | $36,520 | $40,410 | $48,330 | $60,140 | $72,820 |
National vs. Missouri salaries:
Although Missouri’s salary range is slightly lower than the national average, this is balanced by the state’s remarkably affordable lifestyle, which currently boasts the sixth lowest cost of living in the U.S. Additionally, your earning potential in Missouri increases significantly the higher up you go in your career.
| Percentile | US | Missouri |
|---|---|---|
| 10% | $36,520 | $34,950 |
| 25% | $40,410 | $43,630 |
| 50% (Median) | $48,330 | $47,920 |
| 75% | $60,140 | $59,200 |
| 90% | $72,820 | $64,180 |
Salaries by region in Missouri
| Region | Average Annual Wage (2023) |
|---|---|
| Kansas City, MO | $52,610 |
| St. Louis, MO | $50,950 |
| Springfield, MO | $49,580 |
| Joplin, MO | $53,700 |
| Southeast, MO | $48,780 |
| Fayetteville-Springdale-Rogers, MO | $49,830 |
Employment Trends for Freight Brokers in Missouri
There are currently around 2,490 freight agents working in MO. This is projected to grow by 15.3% by 2032, which is much higher than the US average of 10%.
So, you can look forward to around 310 new positions on the job market each year.
| Location | No. of Freight Brokers (2020/2022) | Projected No. of Freight Brokers (2030/2032) | Projected Growth (2020-2030/2022-2032) | Projected Annual Job Openings (2020-2030/2022-2032) |
|---|---|---|---|---|
| Missouri | 2,490 | 2,870 | 15.3% | 310 |
| US | 95,900 | 105,200 | 10% | 11,000 |
FAQs
1. What do freight brokers do?
Freight brokers find carriers that can move goods for shippers. They act as intermediaries and negotiate rates, organize shipping and carrier schedules, and ensure smooth communication between both parties.
2. What is the difference between a freight broker and an agent?
A freight broker works independently, often owns their own business, and is responsible for all freight brokerage operations. On the other hand, a freight agent works under a licensed freight broker.
3. How long does it take to become a freight broker?
It can take a few months to become a freight broker. The exact time depends on the length of the freight broker/agent training and the time needed to obtain a license.
Sources:
- https://www.mordorintelligence.com/industry-reports/united-states-freight-brokerage-market
- https://www.mordorintelligence.com/industry-reports/united-states-ecommerce-market
- https://www.bls.gov/oes/2023/may/oes435011.htm
- https://www.classet.org/salary/43-5011.00/MO
- https://data.bls.gov/oes/#/occGeo/One%20occupation%20for%20multiple%20geographical%20areas