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Broker vs freight broker

The differences between brokers and freight brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $52,390 average annual salary of a freight broker.

The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a freight broker are TMS, logistics, and FTL.

Broker vs freight broker overview

BrokerFreight Broker
Yearly salary$124,861$52,390
Hourly rate$60.03$25.19
Growth rate5%5%
Number of jobs2,7707,528
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 52%
Average age4943
Years of experience--

What does a broker do?

Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.

What does a freight broker do?

Freight brokers have licensed property brokers who provide assistance to shippers in hauling materials. Their job involves linking carriers and shippers in hauling materials. They take part in the shipping logistics of organizations or companies. Among the matters they negotiate include tracking of shipments, keeping delivery and pickup tracks, and shipping rates. Among the necessary skills for this job include customer service, negotiation, communication, and marketing.

Broker vs freight broker salary

Brokers and freight brokers have different pay scales, as shown below.

BrokerFreight Broker
Average salary$124,861$52,390
Salary rangeBetween $68,000 And $227,000Between $35,000 And $77,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyChild Guidance & Family Solutions-
Best paying industryInsurance-

Differences between broker and freight broker education

There are a few differences between a broker and a freight broker in terms of educational background:

BrokerFreight Broker
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 52%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern California-

Broker vs freight broker demographics

Here are the differences between brokers' and freight brokers' demographics:

BrokerFreight Broker
Average age4943
Gender ratioMale, 63.8% Female, 36.2%Male, 64.6% Female, 35.4%
Race ratioBlack or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%Black or African American, 5.3% Unknown, 6.6% Hispanic or Latino, 16.2% Asian, 12.9% White, 58.3% American Indian and Alaska Native, 0.7%
LGBT Percentage13%11%

Differences between broker and freight broker duties and responsibilities

Broker example responsibilities.

  • Manage, lease and sell office condominiums on site.
  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
  • Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
  • Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
  • Install the oracle client for windows.
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Freight broker example responsibilities.

  • Manage EDI transmit pricing on orders from customers.
  • Manage, inspect, photograph, and create reports biweekly for U.S. department of HUD and Fannie Mae assign properties.
  • Book dry and refrigerate freight for FTL and LTL loads.
  • Specialize in working with power only units and flat beds experience in working with FTL, and LTL shipments.
  • Create, develop and retain business relationships with shippers.
  • Provide RFP's for large company customers
    • Show more

Broker vs freight broker skills

Common broker skills
  • Brokerage, 17%
  • Financial Services, 9%
  • Insurance Products, 7%
  • Risk Management, 6%
  • Client Relationships, 6%
  • Real Estate Transactions, 5%
Common freight broker skills
  • TMS, 19%
  • Logistics, 18%
  • FTL, 17%
  • Shippers, 12%
  • LTL, 4%
  • Freight Carriers, 4%

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Updated January 8, 2025

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