Online Freight Broker/Agent Training In New Mexico

Have you reached a ceiling in the transportation industry and need change? Is the thought of your own brokerage the answer, but you’re unsure how to become a freight broker in New Mexico (NM)?

Whether a beginner or already an established professional in the industry, our comprehensive 90 Day Freight Broker Training Course will teach you essential skills. From the basics to advanced strategies that will assist you in running a successful freight brokerage, we cover it all!

Course Overview

Course overview: 100 hours
Price: $890
Our truck-load guarantee: Receive a full 30-day refund if you’re unsatisfied!
Available in: Audio recordings, video, and text

Become a successful freight broker in NM in just 100 hours! Our freight broker training course will teach you the essential skills needed to master the freight broker industry.

Catering to all learning levels, you’ll be able to complete 13 in-depth modules at your own pace. These modules include:

How to set up a brokerage company: Learn about authority applications, assigning process agents, surety bonds, and trust funds.
Operations: Uncover how to set up a home office and choose the right transportation management and accounting software.
Introduction to transportation law: Discover the essentials of freight broker insurance, finding shipper niches, and vetting carriers.
Dispatching: Learn about dispatching loads, pick-up, delivery, tracking, tracing, and handling issues.

Join the waiting list and start your freight broker training in New Mexico today!

How To Become A Freight Broker In New Mexico

New Mexico freight brokers aren’t required to have any formal qualifications or training; however, they must meet the following standard federal requirements:

Be 18 years or older
Register with the FMCSA
Have a $75,000 surety bond or trust fund
Register their business with the New Mexico Department of Transportation (NMDOT)

As mentioned, New Mexico freight brokers aren’t legally required to have formal qualifications. However, undergoing freight broker training is highly recommended to learn the essential skills to run a successful company.

How to get a freight broker license in New Mexico

New brokers can become licensed by following these steps:

Register your business with NMDOT.
Apply for a US DOT and MC number through the Federal Motor Carrier Safety Administration (FMCSA).
Complete a B-CO3 form (Designation of Process Agent Form).
Pay the $300 application fee.
Provide proof of a $75,000 surety bond.

Though not required, it is recommended that you take the Certified Transportation Brokers (CBT) exam via the Transportation Intermediaries Association. This will improve your credibility and strengthen your relationships with shippers and carriers.

Career Opportunities For Freight Brokers In New Mexico

The career outlook for many brokers nationwide looks strong. The global freight market is projected to expand by 5.90% over 2024-2032, reaching an estimated value of $99.77 billion by 2032.

New Mexico freight brokers, in particular, have promising career opportunities, with demand increasing for these professionals due to the following key trends:

Cross-border trade: NM’s strategic location along the Mexican border has positioned the state as a vital corridor for international trade, as shown by a 14.2% increase in truck entries into the US from Mexico from 2019 to 2023.
Freight volume: NM has seen substantial growth in freight volume, with its value estimated to increase by 110% by 2045, highlighting the demand for freight broker businesses.
Expanding storage and warehousing sector: The expanded storage and warehousing sector has highlighted the increased need for brokerage services.

Choose your career path as a freight broker

Once you have become a registered freight broker, you have two career paths to choose from:

Setting up your own freight brokerage business

Many freight brokers work for themselves by setting up their own brokerage. Ignite your entrepreneurial flame and experience the freedom of working at your own pace, having an unlimited earning potential, and building relationships with new clients.

Pursue our 90 Day Freight Broker Training Course and start your entrepreneurial journey today!

Working for an established business

Consider working for an established business if you aren’t entrepreneurial. Enjoy income stability, an established client base, and mentorship from your colleagues. The downsides are capped earning potential and strict working hours.

Earning potential and salary for freight brokers in New Mexico

NM’s strategic location and growing freight volumes create strong earning potential for freight brokers. Although NM’s annual mean wage of $44,900 is lower than the national of $52,460, freight brokers in higher percentiles can earn much more.

To demonstrate this, take a look at the comparison table below:

Percentile	New Mexico	US
10%	$29,920	$36,520
25%	$31,890	$40,410
50% (Median)	$40,950	$48,330
75%	$51,900	$60,140
90%	$71,430	$72,820

Employment trends for freight brokers in New Mexico

As of 2020, 130 freight brokers were employed in NM. This number is projected to rise to 140 by 2030, an 8% increase over the decade. Additionally, there are 10 job openings projected annually over this period due to growth and replacement. These figures highlight a stable and growing job market for freight brokers in NM.

Location	No. of Freight Brokers (2020/2022)	Projected No. of Freight Brokers (2030/2032)	Projected Growth (2020-2030)	Projected Annual Job Openings (2020-2030)
US	95,900	105,200	10%	11,000
New Mexico (NM)	130	140	8%	10

FAQs

1. What do freight brokers do?

Freight brokers facilitate logistics and ensure shipments reach their destination on time.

2. What is the difference between a freight broker and an agent?

Freight brokers are licensed professionals or companies with broker authority from the FMCSA.
Freight agents find and negotiate shipments on behalf of freight brokers. They don’t need broker authority from the FMCSA.

3. How long does it take to become a freight broker?

Up to four to six weeks.

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