With Florida averaging a 7.9% unemployment rate, it is important to remember that this number is based on the government's U3 rating, which is used for the official unemployment rate. In order to be most accurate, one must look at the U6 rating which considers the total unemployed, all total part time employed due to economic factors and all marginally attached workers along with the same within the civilian labor force.
When all true factors are considered, the actual U6 unemployment rate for the State of Florida averaged 16% for 2012 and currently stands at 14.4% nationwide, according to the Bureau of Labor Statistics.
Simply put, as of December 2012, 748,874 Floridians were out of work and nationally, 12,332,000 Americans are currently unemployed as of January, 2013. As growth in jobs continue to be slow in coming, one alternative to beating the unemployment line is to start your own business, but with one that requires a low cost start-up, low overhead and offers the potential for a high income.
The transportation industry is a $880 billion per year marketplace with over 500,000 trucking companies and several million potential customers.
Within this market is less than 8,000 freight brokers who share no more than three to four percent of the market share.
As many brokers begin to cancel their broker bond due to the recently passed surface transportation bill which will raise the broker surety bond from $10,000 to $75,000, the opportunity for a successful work-at-home freight broker business is still attainable.
With companies such as Pacific Financial Association working within the provision of the transportation bill that allows for the use of a "group surety bond," their Underwriting Department is confident that they will be able to assist brokers in maintaining their operation despite the increase.
Establishing any business takes time and effort but successful freight brokers can easily average $40,000 annually and many see yearly revenue in the six figures. Reports show that the average annual income potential for full-time freight brokers is currently estimated to be between $40,000 and $150,000.
Some interesting facts include:
- Over 95% of trucking companies operate 5 trucks or less and nearly all depend on brokers
- On average, it takes about 2 years of hard work and commitment to establish your own successful freight broker business
- According to US Logistics: Career Builder, the average broker makes $84.200 per year working from home
- Freight brokers are 40% responsible for bringing efficiency and speed to the American logistics system
For those willing to invest the time, commitment and effort, a freight broker business can be the answer to beating unemployment and rebuilding the entrepreneurial spirit that has fallen in recent times. Your own successful business will not happen overnight, but many have proven that it can lead to a good income and is one that can be operated out of your home, regardless of the state that you reside.
For those Floridians looking for an excellent job opportunity, contact the following freight broker training facility for more information:
- GRD Logistics Training, Baker, Florida
Join us "live" for our interview with Joel Glenny, VP and Agent Trainer/Coordinator for GRD Logistics Training and Jack Martin, Agent Recruiter for GRD Freight Express and who is recognized as one the country's leading logistics consultant.
The show will air on Thursday, February 7th, 2013 at 7 pm Eastern time and can be heard on Blog Talk Radio via Freight Broker Training as we discuss the real facts concerning brokers within the transportation industry.