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A freight broker serves as a go-between for shippers and trucking companies.
Their job entails coordinating the shipments from one destination to another for the best prices.
The broker needs to have a network of carriers that provide services to ensure smooth transitions of cargo from one place to another.
This career is ever-growing as shipment demands increase all over the country.
This career can offer reliable income and job options for those who pursue the right instruction and training.
Article Table of Contents
Freight Broker Duties in the State of Minnesota
A freight broker in the state of Minnesota is responsible for coordinating the stage between shipping and transportation to the destination.
That means the process of getting cargo from the shipping company’s location to the final destination.
The broker works on behalf of their client and has a spread or allotted amount to work with for each job.
The broker should find the most cost-effective means to get the freight from one point to another. Whatever is left of the managed spread is theirs to keep.
Coordination skills and clear communication are essential skills needed to effectively carry out the duties of a freight broker.
Licensing Requirements to Become a Freight Broker in the State of Minnesota
To be a licensed freight broker in the state of Minnesota, you need to register as a business.
Decide which structure you want, whether it is an LLC or a corporation.
Then you need to submit an OP-1 form to the proper authorities.
Once you take care of the paperwork, you need to obtain a $75,000 surety bond that must be good at all times.
You do not need a diploma to get a license.
However, the programs offered in Minnesota provide comprehensive instruction, so you have the information and skills you need to begin working right away.
Freight Broker Programs in Minnesota
There are a few freight broker program options in the state of Minnesota.
Here is the list of options.
| School Name | Address |
|---|---|
| Century College Continuing Education | 3300 Century Ave N, White Bear Lake, MN 55110 |
| Anoka Technical College and Anoka-Ramsey Community College | 1355 US-10, Anoka, MN 55303 |
| Fond du Lac Tribal & Community College | 2101 14th st. Croquet, MN 55720 |
| Foley Community Education | 840 Norman Ave N, Foley, MN 56329 |
Choose one of these programs to get the best training for this career.
They offer both in-person and online programs for various needs.
Salary
If you plan on becoming a freight broker in the state of Minnesota, you will be earning on average anywhere from $33K to $35K annually.
The amount of pay you earn depends on your coordination ability as well as your level of training and experience in the industry.
If you want to have a good career, you need to start out on the right foot and get the right training from a program in the state of Minnesota.
Once you graduate, you can get your surety bond and certifications to begin working.
Annual Salary Range:| Location | Avg. Annual Salary |
|---|---|
| Minneapolis | $56,197 |
| St. Paul | $56,197 |
| Duluth | $50,031 |
| Rochester | $51,086 |
| Austin | $50,611 |
| Bovey | $49,556 |
| Chandler | $46,561 |
| Foley | $49,841 |
| Anoka | $55,976 |
| Burnsville | $56,039 |
Regional Salary in Minnesota
| Region | Employed | Avg. Annual Salary | Avg. Hourly Pay | Top 10% Annual Salary | Bottom 10% Annual Salary |
|---|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 2,200 | $52,900 | $25.43 | $70,420 | $40,000 |
| St. Cloud, MN | 140 | $48,310 | $23.23 | $63,480 | $38,240 |
* Employment conditions in your area may vary.
Summary
If you are interested in becoming a licensed freight broker in the state of Minnesota, you will need to have the personal skills and coordination abilities to keep up with job demands.
If you feel you can provide excellent services with the right training and certification, you can begin working in a lucrative and in-demand field.
First, you need to have a high school diploma or a GED.
Once you decide you want to work in the field, you will need to get the training you need to succeed in the field.
Choose a program in the state and decide if you want to take online or in-person classes.
You will also need to apply for a business permit and decide what type of business you want.
After submitting an auto broker and carrier form, you will need a surety bond.
If you can meet those requirements, you will have plenty of options for work across the country.
Sources
https://www.salary.com/research/salary/recruiting/freight-broker-agent-salary
Frequently Asked Questions
Do you need a surety bond at all times to be a freight broker in the state of Minnesota?
Yes, you need to maintain at least a $75,000 surety bond at all times if you work as a licensed freight broker in Minnesota.
Do you need a degree to be a freight broker in the state of Minnesota?
No, you do not need a degree, but college or a certified training program is almost essential.
You will need to get the proper training to fit into the position and be successful.
Can you take an online program and get the same training?
You can take the online programs offered in the state of Minnesota and get the same quality of training you get when you take an in-person class.
Whether you take one or the other depends on convenience and the best method for learning.
Location considerations and transportation are also a factor.
Read the full guide: How to Become a Freight Broker
Freight Broker License by State