Online Freight Broker/Agent Training In South Dakota

Are you feeling stuck and looking for a new challenge in your career? Have you ever wondered how to become a freight broker in South Dakota (SD)?

Well, our 90 Day Freight Broker Training Course has got you covered. Whether you’re a beginner or a seasoned professional, gain the essential skills, from the basics to advanced strategies, to run a successful freight brokerage operation in just three months!

Course Overview

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

Launch your own freight brokerage in SD with our online training course. Over three months, you will learn the essential skills needed to become a successful freight broker. This is covered in 13 comprehensive modules, including:

Setting up a brokerage
Operations
An introduction to Transportation Law
Insurance in freight broking
Accounting

Our modules cater to all types of learners and are made flexible so you can learn at your own pace. Topping it off, gain industry-insider information from experienced brokers.

How To Become A Freight Broker In South Dakota

Although no additional formal qualifications are required, there are a few key federal requirements you need to meet:

Be 18 years or older
Have a high school diploma
Register your business with the South Dakota Secretary of State (SDSOS)
Have a $75,000 surety bond/trust fund
Register with the FMCSA to become licensed

Many brokers undergo freight broker training in South Dakota to learn about industry regulations, sales, and logistics software. Not only does this give them confidence, but also the competitive edge needed to thrive in the transportation industry.

How to get a freight broker license in South Dakota

The Federal Motor Carrier Safety Administration (FMCSA) requires you to register for a license to become a broker in SD. Here is a list of the steps you need to take:

Register your business with SDSOS and obtain an Employment Identification Number from the IRS.
Apply to the FMCSA Unified Registration System (URS) to receive your US DOT and MC number.
Pay a $300 application fee.
Obtain and provide proof of a $75,000 surety bond or trust fund.
File a B-CO3 form (Designation of Process Agent Form) with the FMCSA.

You aren’t required to take the Certified Transportation Brokers (CBT) exam with the Transportation Intermediaries Association, but it is highly recommended. Consider taking this exam to improve your credibility and stand out competitively in the freight industry.

Career Opportunities for Freight Brokers in South Dakota

The career opportunities for freight brokers in SD look promising. The state has a robust freight broker transportation sector, driven by the global freight brokerage market, which is estimated to reach $99.77 billion by 2032. This highlights the need for freight brokers in supply chain management.

Specifically, several industry trends are shaping SD’s freight industry:

Agricultural freight growth: SD’s economy relies heavily on its agricultural innovations. Freight brokers are essential for efficiently moving farming products to national and international markets.
Infrastructure investments: To further increase the need for freight brokers, SD has set initiatives in place that aim to improve the state’s infrastructure, in turn improving supply chain management.

Choose your career path as a freight broker

Once you’ve completed our freight broker course, there are a couple of career paths that open up for you:

Set up your own freight broker business

Ignite your entrepreneurial flame and start your own freight brokerage! Running a brokerage company focuses on:

Having access to unlimited earning potential as an independent broker.
Using your valuable negotiation skills to develop direct relationships with clients.
Taking on financial responsibility by managing business operations, overseeing sales, and accounting tasks, like invoicing shippers.

Pursue our 90 Day Freight Broker Training Course to become a successful broker in this multimillion-dollar industry!

Work for an established freight broker business

Running your own brokerage is an entrepreneurial dream, but many brokers opt to work for an established business. Enjoy income stability, an existing client base, and mentorship from experienced brokers. The downsides of this position include strict working hours and a capped earning potential.

Earning potential and salary for freight brokers in South Dakota

SD’s annual average earning potential is $65,060, surpassing the national earning potential of $52,460. But the good news doesn’t stop there—freight brokers in higher percentiles earn an above-average salary, as seen below:

Percentile	South Dakota Salary	US Salary
10%	$47,480	$36,520
25%	$50,060	$40,410
50% (Median)	$64,190	$48,330
75%	$74,820	$60,140
90%	$90,160	$72,820

Employment trends for freight brokers in South Dakota

The labor statistics for freight brokers in SD are steadily growing. As of 2020, 210 freight brokers were employed in the state, with a projected 230 employed by 2032. There is a 10% growth rate over this decade. Additionally, 20 openings have been projected annually due to growth and replacement.

Location	Jobs (2020/2022)	Projected Jobs (2030/2032)	Projected Growth (2020-2030)	Projected Annual Job Openings (2020-2030)
US	95,900	105,200	10%	11,000
SD	210	230	10%	20

FAQs

1. What do freight brokers do?

Freight brokers are intermediaries that facilitate the transportation of goods.

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

A freight broker is a licensed professional operating independently, and is responsible for compliance with statewide regulations. Freight agent acts as liaisons between a freight broker business and its clients, typically earning commissions.

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

Four to six weeks.

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