How to Become a Freight Broker in New Mexico

Freight brokers are transportation professionals who work with shippers (stores, warehouses, etc.) that need to move goods and the carriers (trucks) looking to haul freight.

Brokers must create a working relationship between both sides ensuring that everyone is happy with the prices, service, and that the cargo arrives safely and on time.

In New Mexico, the need for freight brokers is expected to rise considerably over the next several years, as more and more storefronts close their physical locations and offer shopping online.

 Being a freight broker does not require more than a high school diploma, however, it is recommended that you pursue a program of study that will prepare you to be a competent professional.

Freight brokers enjoy a good deal of autonomy and can make their own hours.

However, hours can be long and often stressful.

If you live in New Mexico and are interested in becoming a freight broker, keep reading for some useful information.

Freight Broker Duties In New Mexico

Freight brokers in New Mexico have various duties, but the main one is to properly match a shipper with the right transport for their products.

They must also negotiate fair prices between clients and still make a profit.

The freight broker is also responsible for filling out and providing invoices and all other paperwork to both clients.

They must provide the transportation companies with clear directions and instructions, as well as keep track of shipments to make sure they will arrive on time, undamaged, and adhere to all legal standards.

Licensing Requirements To Become A Freight Broker In New Mexico

The state of New Mexico does not require a license to be a freight broker, however, all brokers must have a federal license. 

Freight brokers must be licensed by the Federal Motor Vehicle Commission Safety Association.

In order to get licensed, you must apply and send $300.

If your application is accepted, you will be issued a license number.

It is also required that you put up a $75,000 surety bond and have insurance.

After applying, you can expect your license to arrive in 4 to 6 weeks.

Freight Broker Programs In New Mexico

1. Freight Movers School

About The School

Freight Movers School is a nationally recognized school that allows students in New Mexico to receive all the information they need to be successful freight brokers.

Started in 2002, by trained freight brokers, the school now offers classes online.

A military discount is offered to all veterans.

About The Program 

The course at Freight Movers School is a 60-day class that currently costs $900.

It includes 19 hours of prerecorded modules as well as independent, self-paced study.

Students will have access to instructors whenever needed.

The curriculum includes securing loads, calculating and negotiating rates, safety, legal standards, paperwork and contracts, dispatching trucks, advertising your business, and communication skills.

Phone: (800)8651923

Website: https://freightmoversschool.com

2. University of New Mexico

About The School

Founded in 1889, The University of New Mexico is accredited by the Higher Learning Commission.

The 800-acre campus is located near historic Route 66, and is unique in its architecture and laid-back design.

The school offers 4-year degrees, as well as certification courses, and workforce training.

Most students qualify for financial aid.

About The Program 

The freight broker’s program at the college is completed online.

Students are given 6 months to complete the 100 hours of class time.

Topics of instruction include terminology, laws pertaining to transportation, setting up your business, invoices, contracts, negotiating the best prices, computer programs, communication techniques, and advertising.

The cost of the program is $2,195.00.

Address: 100 Central Ave 

Albuquerque, New Mexico 87131

Phone: (505)2770111

Website: https://www.unm.edu

Freight Brokers Schools in New Mexico – Summary Table

Salary For Freight Brokers In New Mexico

The average salary for a freight broker in New Mexico is $33,034 a year.

Though the range can be anywhere between $31,000 and 35,000 per year.

Many freight brokers have the ability to make more if they wish to put in more time.

How much a freight broker makes also depends on their level of experience, types of clients, and their reputation.

Annual Salary Range: Annual Salary by Location:

Location	Avg. Annual Salary
Albuquerque	$45,075
Las Cruces	$40,749
Santa Fe	$45,303
Rio Rancho	$44,931
Roswell	$42,043
Farmington	$44,470
Alamogordo	$42,762
Clovis	$43,186
Hobbs	$42,796
Sunland Park	$41,931

Regional Salary in New Mexico

* Salary information based on the May 2023 Occupational Employment Statistics (OES) Survey for Cargo and Freight Agents, OCC Code 43-5011, BLS.
* Employment conditions in your area may vary.

Frequently Asked Questions

What is the Federal Motor Carrier Safety Administration?

The Federal Motor Carrier Safety Administration (FMCSA), is the organization that oversees, regulates, and develops safety procedures for commercial vehicles.

All freight brokers across the country must be licensed by the FMCSA.

What kind of hours do freight brokers in New Mexico work?

Most freight brokers are able to make their own hours.

They usually work from home or out of a small office.

This is a hood job for people that want to create a good work/life balance.

What is the difference between a freight broker and a freight agent?

A freight agent acts as an independent salesperson for a broker.

They work for the broker to bring on new clients.

Freight Broker Info by State