In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim. The Federal Motor Carrier Safety Administration (FMCSA) regulates and provides safety oversite for commercial motor vehicles (CMVs).The Freight Broker Market analysis summary by Market Research Intellect is a thorough study of the current trends leading to this vertical trend in various regions. WHAT IS THE FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION (FMCSA)? Many work from home, so they create their own work/life balance around shipping and carrier schedules. WHAT KIND OF HOURS DO FREIGHT BROKERS WORK?įreight brokers can set their own hours - deciding when and how much they work. Depending on your experience level, top brokers can make over $66,600 per year. Freight agents may work on commission bringing in new customers.Īccording to the Bureau of Labor Statistics, freight brokers make an average of $45,000 annually. WHAT IS THE DIFFERENCE BETWEEN A FREIGHT BROKER AND AN AGENT?Ī freight agent acts as an independent salesperson for a freight brokerage or independent broker. ![]() They also assume financial responsibility in the shipping process by invoicing shippers, paying carriers and agents, extending credit and more.
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