Freight Broker Salary
A substantial slice of final earnings for Freight Brokers (nearly one in three) arrives through commissions. Median overall income in this area is approximately $46K. Freight Brokers will also find cushy salaries in Dallas (+20 percent), Portland (+19 percent), Kansas City (+18 percent), and Houston (+10 percent). This overview is based on answers to PayScale's salary questionnaire.
Job Description for Freight Broker
A freight broker is a key employee in the logistics operation of any company doing a significant portion of their business in shipping and delivery. The broker typically uses a variety of computer software to help him or her efficiently schedule freight deliveries and pickups. He or she helps ensure that personnel and fleet vehicles and equipment are adequate to handle these needs and also has strong organizational skills to ensure that specialized cargo is correctly matched to the proper shipping containers and vehicles.Read More...
A freight broker must have strong computer skills and will typically spend much of his or her time working to dispatch freight delivery or pickup personnel based on a matching area, vehicle, and cargo type. The broker also will typically receive generated reports that tell him or her how efficient the logistics decisions and scheduling have been over a period, and the broker will be expected to adjust as necessary. With many companies, the freight broker also is essential to generating revenue and controlling costs. The broker is expected to help build a portfolio of commercial shipping clients who will contract their work out to the company. Additionally, many freight companies may use their freight brokers to help establish mutual business relations and shipping contracts with other companies who may operate in different service areas. The freight broker should have excellent communication skills and be able to quickly establish rate quotes and be able to analyze connecting quotes from subcontractors as necessary.
To work as a freight broker, many larger companies will look for candidates who have an undergraduate degree in some sort of logistics-based business discipline. Smaller companies may prefer persons with more practical experience for this field. Freight brokers typically work in a shipping or warehouse office. Most brokers work regular business hours, but some will be called upon for shift work that may involve evening, overnight, and weekend hours.
Freight Broker Tasks
- Rate loads for current and prospective clients.
- Cultivate new business and manage existing accounts.
- Build relationships with existing carrier database.
- Develop and maintain strong relationships with current and prospective clients.
- Arrange for freight transportation using internal systems.
Freight Broker Job Listings
Search for more jobs:
Popular Employer Salaries for Freight Broker
Allen lund company offers the largest salaries in town — $48K on average.
Popular Skills for Freight Broker
Freight Brokers report a narrow range of specific skills. Most notably, skills in Sales Management, Logistics, Sales, and Negotiation are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Customer Service. Most people skilled in Negotiation are similarly competent in Customer Service.
Pay by Experience Level for Freight Broker
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Freight Brokers with a rich background of experience are typically rewarded with larger paychecks. The average beginner in this position makes around $41K, but folks who have been around for five to 10 years see a markedly higher median salary of $52K. For Freight Brokers, 10 to 20 years of experience on the job amounts to an average salary of $56K. Freight Brokers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $64K.